CITIC Securities Company Limited

¥25.72As of Sun 8 Nov 2026, 12:00 UTC

SSE:600030Financials

Country China

PE (Fwd) •••

TSR 10Y CAGR 7.30%

Div yield 3.32%

ROE 11.13%

Capital Markets

Beta (5Y) 0.69

PE TTM 10.47

TSR TTM (10.10%)

Mkt cap ¥375.7B

ROIC 3.29%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

¥25

(4.72%)

(57.98%)

Hold 4|11|9|6|1

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

6.721

Revenue¥B

75.13

77.47

78.90

82.44

84.07

85.49

90.15

92.71

94.77

99.67

7.368

3.46%

3.21%

7.01

Revenue growth%

10.70

9.57

7.13

5.10

3.04

3.61

4.54

6.33

5.54

8.33

23.62

5.54

5.94

22.91

Gross margin%

6.25

8.60

10.47

12.43

11.03

10.42

11.59

11.64

9.97

11.51

8.08

11.51

10.75

28.28

Operating margin%

14.17

13.69

13.95

16.04

13.73

14.52

13.47

12.19

15.11

16.08

15.88

14.52

14.06

25.18

Net margin%

5.29

7.24

6.11

9.00

11.73

10.00

11.47

10.68

10.09

9.75

28.95

10.09

9.88

22.89

P/E ratio (avg)x

19.52

20.57

17.98

19.02

18.35

18.57

17.06

17.04

17.21

17.74

9.895

17.21

18.17

24.76

EV/EBITx

25.75

27.30

26.45

26.73

22.76

20.43

19.62

16.73

17.21

17.08

7.553

17.21

21.60

11.64

FCF yield (avg)%

19.87

19.51

17.00

17.51

14.80

17.64

15.63

17.77

14.88

17.07

3.31

17.07

17.29

25.41

FCF margin%

13.59

15.16

14.11

13.70

12.83

10.59

8.50

10.59

13.02

15.72

26.18

10.59

13.31

1.625

FCF / Net incomex

1.289

1.219

1.109

1.245

1.279

1.342

1.394

1.520

1.660

1.746

0.710

1.520

1.316

25.75

ROIC%

9.86

9.57

8.75

11.04

9.73

10.28

8.80

10.59

11.10

8.40

3.13

10.28

9.79

6.76

Return on equity%

25.36

26.02

23.91

23.96

21.60

24.60

23.20

24.01

25.25

23.75

12.96

24.01

23.98

20.34

Return on assets%

18.35

20.49

21.83

19.88

18.95

19.27

16.99

15.37

12.40

9.69

15.64

15.37

18.65

0.79

EPS¥

0.66

0.68

0.74

0.72

0.85

0.84

0.93

1.07

1.15

1.14

0.86

6.12%

6.08%

—

8.98

EPS growth%

12.68

12.88

15.42

17.47

19.92

22.00

21.03

24.01

24.46

24.69

25.57

24.01

20.47

0.93

Bookvalue per sh¥

2.47

2.38

2.73

3.23

3.71

3.89

4.59

5.17

5.33

5.27

2.94

7.25%

7.86%

—

2.69

FCF per share¥

2.80

2.88

2.74

2.83

2.66

2.57

2.48

2.56

2.24

1.99

1.04

(5.63%)

(3.43%)

—

0.86

Dividend per sh¥

0.63

0.62

0.64

0.55

0.57

0.59

0.58

0.62

0.54

0.58

2.17

0.24%

(1.80%)

—

23.02

Div yield (avg)%

15.90

16.00

17.38

19.55

20.38

19.32

17.51

20.04

22.91

24.85

7.11

20.04

19.44

22.55

Payout ratio%

27.10

26.76

28.42

30.91

28.80

27.28

26.07

25.17

23.66

24.21

29.27

25.17

26.93

14.97

Shares (diluted)B

23.24

23.08

27.32

28.86

34.82

38.38

46.49

46.11

52.22

62.57

14.99

12.43%

11.04%

21.85

Buyback yield%

14.37

12.97

13.15

10.71

12.85

10.54

7.80

8.21

5.81

8.31

23.08

8.21

10.62

1.029

D/E ratiox

0.699

0.733

0.824

0.884

1.032

1.130

1.285

1.341

1.428

1.380

0.157

1.341

1.081

26.02

Enterprise value¥B

47.56

54.04

53.71

60.70

63.84

72.67

86.87

95.61

112.4

129.1

70.14

15.12%

10.52%

36.31

LT debt¥B

69.71

70.75

76.05

72.62

65.27

69.54

63.69

57.73

63.73

58.52

3.315

(2.16%)

(1.03%)

Peers (US$56.32B)

Cap (US$)

East Money Information…

44.54B

19.94x

Guotai Haitong…

40.35B

9.627x

China International…

29.74B

4.646x

Macquarie Group Limited

63.21B

16.90x

Capital

TTM

10Y

Leveragex

1.991

0.095

0.091

EBIT/Intx

0.678

0.584

0.498

Own earn%

656.14

(30.44)

(16.44)

Sh yield%

44.87

28.72

30.06

Owners

Insiders/Inst%

12.50

59.77

Short interest%

1.44

SBC / revenue%

5.28

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

12–16

$1 testx

0.0

Incr. ROIC%

CITIC Securities Company Limited provides financial products and services in China and internationally through brokerage, asset management, securities investment, securities underwriting and other segments. It offers investment banking, asset management, equity sales and trading, margin trading, wealth management, FICC, research, custody, fund administration services to corporate, institutional and retail clients.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥99.67B

3.21%

1.00×

Cost of revenue

¥58.32B

3.01%

0.98×

Operating expenses

¥16.70B

4.13%

1.09×