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Guolian Securities

DB:34V
Snowflake Description

Fair value with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
34V
DB
HK$4B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Guolian Securities Co., Ltd., together with its subsidiaries, provides various financial products and services in the People’s Republic of China. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Guolian Securities has significant price volatility in the past 3 months.
34V Share Price and Events
7 Day Returns
0%
DB:34V
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-32.4%
DB:34V
-6.9%
DE Capital Markets
-17.2%
DE Market
34V Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Guolian Securities (34V) 0% -19.2% -7.6% -32.4% -52% -
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • 34V underperformed the Capital Markets industry which returned -6.9% over the past year.
  • 34V underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
34V
Industry
5yr Volatility vs Market

Value

 Is Guolian Securities undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Guolian Securities to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Guolian Securities.

DB:34V Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CN¥4.02 * 4.7%
CN¥0.19
Book Value of Equity per Share Median Book Value from the past 5 years. CN¥4.02
Discount Rate (Cost of Equity) See below 11.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:34V
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 25%) (287.45%))
1.922
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.922 * 6.33%)
11.78%

Discounted Cash Flow Calculation for DB:34V using Excess Returns Model Model

The calculations below outline how an intrinsic value for Guolian Securities is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:34V Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.7% – 11.78%) * CN¥4.02)
CN¥-0.28
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥-0.28 / (11.78% - -0.39%)
CN¥-2.32
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥4.02 + CN¥-2.32
CN¥1.7
DB:34V Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1456)
1.092
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.7 x 1.092
HK$1.85
Non-primary Listing Adjustment Factor 1 share in DB:34V represents 0.10942x of SEHK:1456
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10942x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.85 x 0.10942
€0.20
Value per share (EUR) From above. €0.20
Current discount Discount to share price of €0.24
= -1 x (€0.24 - €0.20) / €0.20
-20.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Guolian Securities is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Guolian Securities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Guolian Securities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:34V PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.27
SEHK:1456 Share Price ** SEHK (2020-04-01) in HKD HK$2.23
SEHK:1456 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.916 CN¥2.04
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Guolian Securities.

DB:34V PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1456 Share Price ÷ EPS (both in CNY)

= 2.04 ÷ 0.27

7.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Guolian Securities is good value based on earnings compared to the DE Capital Markets industry average.
  • Guolian Securities is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Guolian Securities's expected growth come at a high price?
Raw Data
DB:34V PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Guolian Securities, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Guolian Securities's assets?
Raw Data
DB:34V PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥4.24
SEHK:1456 Share Price * SEHK (2020-04-01) in HKD HK$2.23
SEHK:1456 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.916 CN¥2.04
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:34V PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1456 Share Price ÷ Book Value per Share (both in CNY)

= 2.04 ÷ 4.24

0.48x

* Primary Listing of Guolian Securities.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Guolian Securities is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Guolian Securities's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Guolian Securities has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Guolian Securities expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Guolian Securities has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Guolian Securities expected to grow at an attractive rate?
  • Unable to compare Guolian Securities's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Guolian Securities's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Guolian Securities's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:34V Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:34V Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:34V Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:34V Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 1,755 1,241 521
2019-09-30 1,568 1,497 397
2019-06-30 1,380 1,753 273
2019-03-31 1,234 1,337 162
2018-12-31 1,088 920 51
2018-09-30 1,272 -335 154
2018-06-30 1,455 -1,589 257
2018-03-31 1,484 -2,761 309
2017-12-31 1,512 -3,933 361
2017-09-30 1,609 -1,928 438
2017-06-30 1,706 77 514
2017-03-31 1,868 1,255 562

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Guolian Securities is high growth as no earnings estimate data is available.
  • Unable to determine if Guolian Securities is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:34V Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Guolian Securities Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:34V Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:34V Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.27
2019-09-30 0.21
2019-06-30 0.14
2019-03-31 0.09
2018-12-31 0.03
2018-09-30 0.08
2018-06-30 0.14
2018-03-31 0.16
2017-12-31 0.19
2017-09-30 0.23
2017-06-30 0.27
2017-03-31 0.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Guolian Securities will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Guolian Securities is trading at Guolian Securities'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Guolian Securities's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Guolian Securities's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Guolian Securities's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Guolian Securities has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Guolian Securities performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Guolian Securities's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Guolian Securities's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Guolian Securities's 1-year earnings growth exceeds its 5-year average (930.6% vs -36%)
  • Guolian Securities's earnings growth has exceeded the DE Capital Markets industry average in the past year (930.6% vs 3.2%).
Earnings and Revenue History
Guolian Securities's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Guolian Securities Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:34V Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,755.28 521.34 649.77
2019-09-30 1,567.61 397.38 600.37
2019-06-30 1,379.93 273.41 550.97
2019-03-31 1,234.09 162.00 548.95
2018-12-31 1,088.25 50.59 546.93
2018-09-30 1,271.79 153.82 544.82
2018-06-30 1,455.34 257.06 542.71
2018-03-31 1,483.67 309.28 534.33
2017-12-31 1,512.00 361.49 525.96
2017-09-30 1,609.24 437.58 546.41
2017-06-30 1,706.47 513.68 566.86
2017-03-31 1,867.87 561.87 594.12
2016-12-31 2,029.28 610.07 621.37
2016-09-30 2,215.44 729.57 621.78
2016-06-30 2,401.61 849.08 622.20
2016-03-31 2,874.90 1,160.26 621.51
2015-12-31 3,348.20 1,471.44 620.83
2015-09-30 3,288.21 1,475.61 549.00
2015-06-30 3,228.23 1,479.78 477.17
2015-03-31 2,572.85 1,097.37 452.99
2014-12-31 1,917.48 714.96 428.81
2013-12-31 966.24 256.75 301.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Guolian Securities has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Guolian Securities used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Guolian Securities improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Guolian Securities's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Guolian Securities has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Guolian Securities's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Guolian Securities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Guolian Securities is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Guolian Securities's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Guolian Securities's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Guolian Securities Company Filings, last reported 3 months ago.

DB:34V Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 8,067.33 10,994.40 20,837.30
2019-09-30 8,067.33 10,994.40 20,837.30
2019-06-30 7,902.30 6,861.48 18,451.73
2019-03-31 7,902.30 6,861.48 18,451.73
2018-12-31 7,649.18 7,072.43 15,633.96
2018-09-30 7,649.18 7,072.43 15,633.96
2018-06-30 7,732.09 8,477.05 17,561.97
2018-03-31 7,732.09 8,477.05 17,561.97
2017-12-31 7,592.57 8,135.76 14,306.12
2017-09-30 7,592.57 8,135.76 14,306.12
2017-06-30 7,873.10 3,759.80 12,808.78
2017-03-31 7,873.10 3,759.80 12,808.78
2016-12-31 7,896.17 5,020.50 12,583.42
2016-09-30 7,896.17 5,020.50 12,583.42
2016-06-30 7,558.37 4,165.14 18,493.06
2016-03-31 7,558.37 4,165.14 18,493.06
2015-12-31 8,028.77 7,378.56 17,738.80
2015-09-30 8,028.77 7,378.56 17,738.80
2015-06-30 5,196.79 8,800.10 24,095.14
2015-03-31 5,196.79 8,800.10 24,095.14
2014-12-31 4,348.65 5,740.38 11,312.41
2013-12-31 3,460.52 3,502.71 5,580.99
  • Guolian Securities's level of debt (136.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (132.5% vs 136.3% today).
  • Debt is not well covered by operating cash flow (11.3%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Guolian Securities's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Guolian Securities's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Guolian Securities has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Guolian Securities's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Guolian Securities dividends.
If you bought €2,000 of Guolian Securities shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Guolian Securities's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Guolian Securities's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:34V Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:34V Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
DB:34V Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-02-21 0.000 0.000
2019-06-13 0.050 2.343
2018-08-29 0.000 0.000
2018-03-12 0.000 0.000
2017-03-15 0.140 4.245
2016-06-16 0.400 10.933

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Guolian Securities has not reported any payouts.
  • Unable to verify if Guolian Securities's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Guolian Securities's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Guolian Securities has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Guolian Securities's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Guolian Securities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Guolian Securities has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Guolian Securities's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Xiaobo Ge
COMPENSATION CN¥4,516,400
AGE 49
TENURE AS CEO 0.5 years
CEO Bio

Mr. Xiaobo Ge is President at Guolian Securities Co., Ltd. Since October 23, 2019 and serves as its Financial Officer since June 13, 2019. Mr. Ge serves as Executive Director of Guolian Securities Co., Ltd. since June 13, 2019. He served as Chief Risk Officer of CITIC Securities Company Limited since February 18, 2019 until April 8, 2019 and served as its Chief Financial Officer since March 03, 2017 until April 8, 2019. Mr. Ge joined CITIC Securities Company Limited in 1997 and previously worked as the Manager and Senior Manager of the investment banking department, Deputy Director of the A-share listing office, Deputy General Manager and Executive Director of the risk control department, Head of the trading and derivatives department, planning and finance department, risk management department, and international business and fixed income department and the person in charge of the Shanghai Pilot Free Trade Zone Branch of the Company. He is concurrently the Director of CSI, CLSA BV, GoldStone Investment, China AMC and CITIC Securities Investment, and the Executive Director of CITIC Global Trade. He was awarded a National Finance May Day Labor Medal in 2007. He obtained a Bachelor’s degree in engineering (majoring in fluid machinery and fluid engineering) in 1994 and a Master’s degree in business administration (majoring in management engineering) in 1997 from Tsinghua University.

CEO Compensation
  • Insufficient data for Xiaobo to compare compensation growth.
  • Xiaobo's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Guolian Securities management team in years:

2
Average Tenure
46.5
Average Age
  • The tenure for the Guolian Securities management team is about average.
Management Team

Xiaobo Ge

TITLE
President
COMPENSATION
CN¥5M
AGE
49
TENURE
0.5 yrs

Jinling Wang

TITLE
Chief Information Officer
COMPENSATION
CN¥2M
AGE
44
TENURE
0.8 yrs

Faliang Xu

TITLE
Chief Compliance Officer
COMPENSATION
CN¥2M
AGE
55
TENURE
3.8 yrs

Xingjun Chen

TITLE
Chief Risk Officer & GM of the Risk Management Department
COMPENSATION
CN¥1M
AGE
37
TENURE
3.3 yrs

Jie Wang

TITLE
Secretary to the Board
COMPENSATION
CN¥2M
AGE
49
TENURE
0.8 yrs

Fanyu Lin

TITLE
Company Secretary
AGE
34
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the Guolian Securities board of directors in years:

3.5
Average Tenure
49
Average Age
  • The tenure for the Guolian Securities board of directors is about average.
Board of Directors

Zhiyong Yao

TITLE
Chairman of the Board
AGE
47
TENURE
3.8 yrs

Xiaobo Ge

TITLE
President
COMPENSATION
CN¥5M
AGE
49
TENURE
0.8 yrs

Zhiqiang Jiang

TITLE
Chairman of Supervisory Committee
AGE
49
TENURE
3.1 yrs

Yuanzhu Lu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥120K
AGE
42
TENURE
3.1 yrs

Xingyu Wu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥120K
AGE
43
TENURE
1.4 yrs

Weirong Hua

TITLE
Non-Executive Director
AGE
54
TENURE
11.9 yrs

Hailin Liu

TITLE
Non-Executive Director
AGE
41
TENURE
11.9 yrs

Weigang Zhang

TITLE
Non-Executive Director
AGE
56
TENURE
4.2 yrs

Weiping Zhou

TITLE
Non Executive Director
AGE
50
TENURE
3.8 yrs

Howard Chu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥60K
AGE
55
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Guolian Securities's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Guolian Securities has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Guolian Securities Co., Ltd., together with its subsidiaries, provides various financial products and services in the People’s Republic of China. It operates through Securities Brokerage, Credit Transaction, Investment Banking, Proprietary Trading, Asset Management and Investment, and Other Business segments. The company offers securities trading and brokering services; financial leverage services for brokerage clients, securities-backed lending services, and securities repurchase services; and corporate finance and financial advisory services to institutional clients and market maker business. It is also involved in direct investment and funds related businesses, as well as provision of management and maintenance, investment advisory, and transaction execution services; and securities and bonds underwriting and sponsorship, investment management, proprietary investment in venture capital, industrial investment, equity investment, asset management, introducing broker for futures companies, margin financing and securities lending, and agency sale of financial broker products. The company was formerly known as Wuxi Securities Co., Ltd. and changed its name to Guolian Securities Co., Ltd. in May 2008. Guolian Securities Co., Ltd. was founded in 1992 and is headquartered in Wuxi, the People’s Republic of China.

Details
Name: Guolian Securities Co., Ltd.
34V
Exchange: DB
Founded: 1992
HK$500,401,250
1,902,400,000
Website: http://www.glsc.com.cn
Address: Guolian Securities Co., Ltd.
No. 8, Jinrong One Street,
Wuxi,
Jiangsu Province, 214000,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1456 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 06. Jul 2015
DB 34V Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 06. Jul 2015
Number of employees
Current staff
Staff numbers
555
Guolian Securities employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 02:25
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2019/03/27
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.