CITIC Limited

HK$12.87As of Sun 8 Nov 2026, 12:00 UTC

HKEX:0267Industrials

Country Hong Kong

PE (Fwd) •••

TSR 10Y CAGR 7.26%

Div yield 5.31%

ROE 8.36%

Conglomerates

Beta (5Y) 0.82

PE TTM 5.304

TSR TTM 13.37%

Mkt cap HK$374.4B

ROIC 11.67%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

$17

29.48%

(15.83%)

Hold 12|6|1|1|5

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

131.8

Revenue¥B

102.7

103.9

107.2

108.3

111.7

112.6

117.0

122.5

128.1

133.8

138.6

3.68%

2.81%

20.62

Revenue growth%

11.29

8.39

8.24

6.16

4.28

1.60

2.85

5.13

4.51

4.52

5.54

4.51

4.83

29.79

Gross margin%

8.61

9.86

9.60

7.61

6.69

4.76

6.97

9.23

10.52

10.98

27.78

9.23

8.92

7.49

Operating margin%

9.96

8.94

9.41

11.74

13.83

15.39

12.86

11.77

14.21

15.07

26.81

14.21

12.32

23.38

Net margin%

14.43

11.58

11.64

10.25

9.96

9.05

8.27

10.67

8.95

11.48

19.19

9.05

10.46

21.61

P/E ratio (avg)x

51.36

61.45

72.51

77.02

81.59

81.68

97.44

95.99

102.3

110.4

35.28

97.44

81.64

33.29

EV/EBITx

6.657

5.993

6.379

6.807

7.063

6.149

5.795

5.605

5.530

5.934

21.50

5.795

6.071

17.99

FCF yield (avg)%

20.32

19.94

18.52

19.85

18.35

19.26

19.32

18.64

17.11

18.46

6.86

18.64

18.95

21.03

FCF margin%

1.58

1.64

1.13

0.40

3.14

0.40

4.38

0.40

1.554

FCF / Net incomex

1.456

1.327

1.205

1.109

1.104

1.126

1.009

0.982

0.997

1.015

1.554

1.009

1.107

3.21

ROIC%

7.20

9.31

8.05

7.44

5.65

2.87

1.16

0.40

23.95

0.40

4.26

6.30

Return on equity%

10.14

9.66

11.11

10.97

9.43

8.16

7.03

9.25

6.92

8.26

25.89

8.16

9.34

23.19

Return on assets%

30.68

31.74

31.16

29.68

32.49

31.08

29.51

28.32

28.12

31.05

11.27

29.51

30.87

0.33

EPS¥

0.47

0.44

0.42

0.41

0.39

0.40

0.42

0.44

0.46

0.43

0.34

2.02%

(1.49%)

—

24.15

EPS growth%

23.84

23.27

22.42

20.16

18.83

16.48

17.93

16.40

13.75

15.69

19.64

16.40

18.38

1.20

Bookvalue per sh¥

1.25

1.14

1.05

0.91

0.85

0.88

0.91

0.83

0.81

0.78

1.44

(1.91%)

(3.81%)

—

1.42

FCF per share¥

0.44

0.41

0.39

0.41

0.46

0.47

0.48

0.53

0.55

0.61

1.10

6.03%

2.91%

—

0.60

Dividend per sh¥

1.76

1.73

1.98

2.15

2.35

2.38

2.47

2.66

2.72

2.52

0.60

1.40%

3.57%

—

16.54

Div yield (avg)%

7.66

7.83

8.95

6.61

7.63

9.38

12.37

11.70

13.65

12.18

19.99

12.18

9.17

10.56

Payout ratio%

3.64

5.39

8.15

8.34

9.98

8.19

10.59

13.00

13.26

10.60

11.43

10.60

9.16

28.98

Shares (diluted)B

38.63

41.83

48.43

52.07

60.60

61.93

65.75

77.51

79.66

94.16

28.27

9.21%

10.08%

4.78

Buyback yield%

21.62

18.72

16.76

18.90

17.99

18.16

16.91

17.81

18.62

16.95

11.15

17.81

18.08

0.757

D/E ratiox

0.721

0.759

0.706

0.643

0.679

0.728

0.741

0.807

0.806

0.443

0.806

0.734

59.89

Enterprise value¥B

82.20

88.53

90.33

103.6

103.0

102.0

120.6

127.1

148.0

173.1

35.71

10.96%

9.69%

37.61

LT debt¥B

143.6

134.1

139.8

145.2

139.5

144.8

150.3

165.1

186.1

191.7

87.21

6.56%

2.38%

Peers (US$47.76B)

Cap (US$)

CK Hutchison Holdings…

34.30B

7.115x

Swire Pacific Limited

16.96B

17.06x

Kingboard Holdings…

5.781B

9.944x

Sumitomo Corporation

47.92B

11.77x

Capital

TTM

10Y

Leveragex

1.895

0.394

0.329

EBIT/Intx

0.505

0.413

0.307

Own earn%

69.05

163.87

118.90

Sh yield%

21.32

29.28

28.34

Owners

Insiders/Inst%

13.62

66.35

Short interest%

0.93

SBC / revenue%

3.81

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

9–15

$1 testx

—

Incr. ROIC%

CITIC Limited operates in the Mainland of China, Hong Kong and internationally, providing banking, securities, trust, insurance and asset management services; manufacturing heavy machinery and special steels; exploring, processing and trading iron ore, copper and crude oil; offering telecommunication and publication services; and developing and selling properties with contracting, infrastructure and aviation services.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥133.8B

2.81%

1.00×

Cost of revenue

¥60.04B

2.85%

1.00×

Operating expenses

¥28.10B

2.64%

0.98×