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About The Company

CEO

Mr. Wei Zhang

Market Cap

122.90 Billion HKD

Sector

Financial Services

Website

https://www.htsc.com.cn

Description

Huatai Securities Co., Ltd.

Read More

Overview

Value

71

Growth

15

Health

65

Management

17

Analyst Opinion

86

Total

51

All Scores Out Of 100

Best Features

  • Has strong financial health
  • Price-to-earnings ratio of 7.1 is lower than the market average (19.6x)
  • Has a margin-of-safety above fair value
  • Liked by analysts
  • Has strong dividend growth

Risk Factors

  • Earnings have declined recently
  • Income is not covering expenditure and investment
  • There is a history of diluting shareholders
  • Poor earnings and cashflow growth
  • Accounting anomalies: Growing revenues without a corresponding growth in cash flows.
  • High preportion of income is paid as dividend

Market Peers

6886.HK

Key Figures

PE Ratio (TTM)

7.15

Margin Of Safety (DCF)

314.64%

Revenue Growth (5 Year Average)

14.64%

Ratings Consensus

Strong Buy

Share Buybacks

-1.42%

Dividend Yeild (TTM)

9.63%

Valuation

Value Score

71

  • Price-to-earnings ratio of 7.1 is lower than the market average (19.6x)
  • Margin-of-safety of 314.64% is better than the market average (17.95%)
  • Estimated intrinsic-value of 37.19 HKD is higher than current price ( 8.97 HKD)
  • Free-cashflow-yeild of -22.87% is worse than the market average (4.7%)

Desired Margin Of Safety

0%

Tip: Set your desired Margin Of Safety

Free Cash Flow Type

Annual Cashflow Growth

0%

Discount Rate

0%

Buy Target: < 39.9 HKD

Current Price: 9 HKD

Negative Cashflows: Cashflow can become negative due to operating losses, investing activities or financing activites. Negative cashflow makes it dificult to use a discounted free cashflow model to assess intrinsic value.

How Does This Work?

Show Advanced Options

This calculator helps investors estimate the Intrinsic Value of a company based on the current value of future cash flows. To use the tool, simply input a desired Margin Of Safety, which is an additional discount applied to the present value of the expected future cash flows. The tool calculates the present value using a discount rate that reflects the risk and time value of money, and provides an estimated target price for the company based on the selected margin of safety. The calculator defaults to using 5 Year Free Cash Flow Growth % and a discount rate based on the US 10-year treasury bond coupon rate. Use our performance analyser to get a feel the impact this has on longterm investment returns and discover a margin of safety you are comfortable with. This can be a useful tool for investors looking to make informed decisions about whether to buy or sell shares of a particular company.

Price/Earnings

7.15x

Free Cashflow Yeild

-22.87%

PE/Earnings Growth

N/A

Price/Book

0.76x

Growth

Growth Score

15

  • 5 Year Average Revenue growth of 14.64% is higher than the market average (10.97%)
  • Free Cashflow growth has improved this year
  • Revenue growth has slowed this year
  • 5 Year Average Earnings growth of -3.05% is lower than the market average (14.48%)
  • Earnings growth has slowed this year
  • 5 Year Average Free Cashflow growth of -17.52% is lower than the market average (12.35%)

Revenue Growth

14.64%

Earnings Growth

-3.05%

Cashflow Growth

-17.52%

Health

Health Score

65

  • Assets cover liabilities
  • Normal operation does not require debt to be sustainable
  • Cashflow is negative
  • Has a high level of debt
  • Debt repayments significantly impact cashflow

Altman Z Score

N/A

Piostroski Score

N/A

Debt/Equity

1.49x

Current Assets/Liabilities

3.08x

Free Cashflow/Total Debt

0.00x

Debt/Capital

0.67x

Dividend

Secure Dividend Score

55

  • Dividend yeild of 9.63% is more than the market average (1.85%)
  • Dividend is likely safe
  • Dividends have shown growth over the last 5 years
  • Dividend growth has been accelerating recently
  • Spending a lower percentage of their income on dividends than last 5 years
  • Long term dividend payout ratio of 109.60% is high and may limit growth
  • Payout ratio (TTM) of 102.25% is higher than the average (40%)

Dividend Yeild

9.63%

Dividend Growth

24.74%

Payout Ratio (Earnings)

102.25%

Payout Ratio (Cashflow)

-42.10%

Management

Management Score

17

  • Return-on-capital-employed of 0.58% is lower than the market average (10%)
  • Has issued new shares whilst share price is low
  • Has a history of diluting shareholders to finance activity
  • Has returned higher dividends when earnings have fallen
  • Return-on-equity of 2.29% is lower than the market average (15%)

Average Buybacks/Dilution

-1.42%

Recent Buybacks/Dilution

48.51%

5 Year Price Volitility

14.99%

Return On Assets

0.42%

Return On Capital Employed

0.58%

Return On Equity

2.29%

Return On Free Cashflow

19.96%

Return On Investments

N/A

Analysts

Analyst Opinion

86

  • Ratings consensus is Strong Buy

SEC Filings

Find yearly (10-K), quaterly (10-Q) and disclosure (8-K) report here, on the Securities and Exchange Commission's EDGAR database. If reading through reports isn't your cup of tea, don't worry. We've made it easy for you by summarizing all the important bits.

Other Information

Company Name

Huatai Securities Co., Ltd.

Currency

HKD

Beta

0.729424

Vol Avg

4758079

Ceo

Mr. Wei Zhang

Cik

Cusip

Y37426114

Exchange

HKSE

Full Time Employees

14372

Industry

Capital Markets

Sector

Financial Services

Ipo Date

2015-06-01

Address

Huatai Securities Plaza

City

Nanjing

State

Country

CN

Zip

210019

Phone

86 25 8338 9999

All financial data provided by FMP

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