China Merchants Securities Co., Ltd. Website

China Merchants Securities Co., Ltd.

SHSE-600999

Basic

  • Market Cap

    CN¥115.62B

  • EV

  • Shares Out

    8,696.53M

  • Revenue

    CN¥19.19B

  • Employees

    12,769

Margins

  • Gross

    56.08%

  • EBITDA

  • Operating

  • Pre-Tax

    46.99%

  • Net

    45.13%

  • FCF

    43.79%

Returns (5Yr Avg)

  • ROA

    1.81%

  • ROTA

    8.8%

  • ROE

    8.76%

  • ROCE

  • ROIC

    3.53%

Valuation (TTM)

  • P/E

  • P/B

  • EV/Sales

  • EV/EBITDA

  • P/FCF

  • EV/Gross Profit

Valuation (NTM)

  • Price Target

    CN¥15.14

  • P/E

  • PEG

  • EV/Sales

  • EV/EBITDA

  • P/FCF

Financial Health

  • Cash

    CN¥14.87B

  • Net Debt

    -CN¥93.98B

  • Debt/Equity

    2.58

  • EBIT/Interest

Growth (CAGR)

  • Rev 3Yr

    -8.83%

  • Rev 5Yr

    7.63%

  • Rev 10Yr

    11.76%

  • Dil EPS 3Yr

    -5.35%

  • Dil EPS 5Yr

    5.29%

  • Dil EPS 10Yr

    6.4%

  • Rev Fwd 2Yr

    -20.79%

  • EBITDA Fwd 2Yr

  • EPS Fwd 2Yr

    8.13%

  • EPS LT Growth Est

    5.59%

Dividends

  • Yield

  • Payout

    27.06%

  • DPS

    CN¥0.25

  • DPS Growth 3Yr

    -31.15%

  • DPS Growth 5Yr

    -0.93%

  • DPS Growth 10Yr

  • DPS Growth Fwd 2Yr

    21.71%

Select a metric from the list below to chart it

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Dec '19

Dec '20

Dec '21

Dec '22

Dec '23

LTM

Dec '24 (E)

Dec '25 (E)

Dec '26 (E)

Gain (Loss) on Sale of Investment, Total

1,692

1,394.4

754.1

-2,622.9

2,063.3

4,271.8

Interest And Invest. Income

7,244.9

9,030.4

11,993.6

10,741.4

7,653.6

5,361.5

Other Revenues, Total

9,791.8

13,820

16,567.7

10,938.1

9,958.6

9,556.9

Total Revenues

18,728.6

24,244.7

29,315.4

19,056.5

19,675.5

19,190.2

Total Revenues % Chg.

65.2%

29.5%

20.9%

-35%

3.2%

-4.6%

Cost of Goods Sold, Total

7,176.2

9,641.8

10,631.5

8,313.6

8,479.3

8,427.5

Gross Profit

11,552.4

14,602.9

18,683.9

10,743

11,196.2

10,762.7

Selling General & Admin Expenses, Total

361.3

30.2

440.5

342.4

268.4

268.4

Provision for Bad Debts

9.2

2.5

25.3

19

21.1

11.9

Other Operating Expenses

2,281.2

3,146.9

4,168.4

1,489.9

1,587.3

1,462.2

Other Operating Expenses, Total

2,651.7

3,179.6

4,634.1

1,851.4

1,876.8

1,742.5

Operating Income

8,900.7

11,423.3

14,049.8

8,891.6

9,319.5

9,020.2

Currency Exchange Gains (Loss)

30.2

17.8

12.1

-50.5

57.8

83.3

Other Non Operating Income (Expenses)

3.2

-237.2

2.7

-2.4

EBT, Excl. Unusual Items

8,930.9

11,441.1

14,065.1

8,603.8

9,380

9,101

Gain (Loss) On Sale Of Investments

-133.2

-137.9

-304.7

-185.1

-123.5

-123.5

Gain (Loss) On Sale Of Assets

0

4.6

4.8

Asset Writedown

-6.3

-4

-5.9

-4

-4

-4

Other Unusual Items

-17.8

9.7

-50.6

116.9

38.6

38.6

EBT, Incl. Unusual Items

8,773.6

11,308.9

13,703.9

8,531.7

9,295.7

9,016.8

Income Tax Expense

1,460.4

1,805

2,046

454.5

526.6

350.2

Earnings From Continuing Operations

7,313.3

9,503.9

11,657.8

8,077.1

8,769.1

8,666.7

Minority Interest

-30.9

-12.2

-12.7

-6.9

-5.1

-5.3

Net Income

7,282.4

9,491.6

11,645.1

8,070.2

8,764

8,661.3

Preferred Dividend and Other Adjustments

802.1

802.1

802.1

611.8

572.2

572.2

Net Income to Common Incl Extra Items

6,480.3

8,689.5

10,843

7,458.4

8,191.7

8,089.1

Net Income to Common Excl. Extra Items

6,480.3

8,689.5

10,843

7,458.4

8,191.7

8,089.1

Total Shares Outstanding

6,659.4

8,696.5

8,696.5

8,696.5

8,696.5

8,696.5

Weighted Avg. Shares Outstanding

7,916.8

8,212.8

8,696.5

8,696.5

8,696.5

8,687.3

Weighted Avg. Shares Outstanding Dil

7,916.8

8,212.8

8,696.5

8,696.5

8,696.5

8,687.3

EPS

0.8

1.1

1.2

0.9

0.9

0.9

EPS Diluted

0.8

1.1

1.2

0.9

0.9

0.9

Effective Tax Rate

16.6%

16%

14.9%

5.3%

5.7%

3.9%