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Hengtai Securities Co., Ltd. Class H
(1476)
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Rating:54Neutral
Price Target:
HK$1.00
â–¼(-45.36% Downside)
Action:Reiterated
Date:10/03/26
The score is held back mainly by weak cash-flow conversion and rising leverage despite the recent earnings rebound, alongside very bearish technicals (below major moving averages and negative momentum). A low P/E provides some support, but not enough to offset the cash-flow and trend risks.
Positive Factors
2025 Revenue and Profit Rebound
The sharp 2025 recovery demonstrates renewed operating momentum, with stronger revenue translating into solid profitability. If sustained, this rebound can rebuild earnings capacity, support investment in the platform, and improve the company’s competitive position across capital-markets services over the next several quarters.
Negative Factors
Weak Cash-Flow Conversion
The recent earnings recovery has not translated into consistent cash generation, limiting the quality and flexibility of reported profits. Persistently negative free cash flow can increase reliance on external funding and constrain the company’s ability to reinvest or absorb further operating volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue and Profit Rebound
The sharp 2025 recovery demonstrates renewed operating momentum, with stronger revenue translating into solid profitability. If sustained, this rebound can rebuild earnings capacity, support investment in the platform, and improve the company’s competitive position across capital-markets services over the next several quarters.
Read all positive factors
Hengtai Securities Co., Ltd. Class H (1476) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.84B
Dividend Yield1.58%
Average Volume (3M)3.57K
Price to Earnings (P/E)7.9
Beta (1Y)0.69
Revenue Growth11.45%
EPS Growth-6.65%
CountryHK
Employees2,454
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.12
Shares Outstanding450,846,000
10 Day Avg. Volume8,900
30 Day Avg. Volume3,566
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)0.44
Price to Sales (P/S)1.13
P/FCF Ratio-85.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hengtai Securities Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Hengtai Securities Co., Ltd is a Chinese financial services firm offering a wide array of products and services. Its operations are broadly categorized into several key segments. The Brokerage and Wealth Management division facilitates client trad...
How the Company Makes Money
Hengtai Securities makes money primarily by earning fees, commissions, and other income tied to securities and capital-markets activity. Key revenue streams typically include: (1) Brokerage and trading services: commission and fee income from exec...
Hengtai Securities Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.55B | 3.38B | 2.35B | 1.97B | 2.23B | 3.21B |
| Gross Profit | 2.78B | 2.66B | 2.17B | 1.81B | 2.23B | 3.21B |
| EBITDA | 664.06M | 661.29M | 748.63M | 671.73M | -1.32B | 1.17B |
| Net Income | 319.15M | 316.53M | 176.28M | 64.14M | -1.29B | 279.25M |
Balance Sheet | ||||||
| Total Assets | 48.14B | 43.02B | 39.98B | 31.20B | 31.02B | 37.24B |
| Cash, Cash Equivalents and Short-Term Investments | 3.83B | 3.32B | 14.21B | 12.20B | 11.31B | 15.11B |
| Total Debt | 12.75B | 11.31B | 10.03B | 8.09B | 8.28B | 10.87B |
| Total Liabilities | 39.16B | 34.16B | 31.27B | 23.01B | 22.84B | 27.52B |
| Stockholders Equity | 8.73B | 8.60B | 8.30B | 8.05B | 8.00B | 9.32B |
Cash Flow | ||||||
| Free Cash Flow | -250.35M | -44.53M | -1.20B | -280.82M | 2.00B | 623.66M |
| Operating Cash Flow | -145.56M | 39.77M | -1.12B | -201.80M | 2.10B | 779.93M |
| Investing Cash Flow | -729.14M | -78.67M | -315.01M | 577.38M | -973.33M | -466.14M |
| Financing Cash Flow | 1.91B | 541.15M | 1.65B | -371.82M | -1.61B | -344.16M |
Hengtai Securities Co., Ltd. Class H Technical Analysis
Negative
1.83
Price Trends
1.20
Negative
1.22
Negative
1.43
Negative
Market Momentum
-0.04
Positive
37.32
Neutral
58.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1476, the sentiment is Negative. The current price of 1.83 is above the 20-day moving average (MA) of 1.16, above the 50-day MA of 1.20, and above the 200-day MA of 1.43, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 37.32 is Neutral, neither overbought nor oversold. The STOCH value of 58.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1476.
Hengtai Securities Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | HK$121.43B | 9.98 | 9.68% | 5.36% | -3.03% | 54.22% | |
60 Neutral | HK$17.75B | 29.53 | 4.24% | 2.61% | 35.39% | 111.33% | |
59 Neutral | HK$27.40B | 18.70 | 9.18% | 2.43% | 43.49% | 109.36% | |
57 Neutral | HK$189.29B | 14.13 | 14.85% | 3.46% | 5.66% | 47.31% | |
54 Neutral | HK$2.84B | 7.87 | 3.68% | 1.58% | 11.45% | -6.65% | |
54 Neutral | HK$11.43B | 16.74 | 33.51% | 22.30% | -1.70% | 8.52% |
* Financial Sector Average
HK:1476
Hengtai Securities Co., Ltd. Class H
1.09
-0.90
-45.34%
HK:6066
CSC Financial Co., Ltd. Class H
11.03
-2.06
-15.76%
HK:1788
Guotai Junan International Holdings Limited
2.89
-1.41
-32.75%
HK:1428
Bright Smart Securities & Commodities Group Limited
6.53
-2.19
-25.11%
HK:6806
Shenwan Hongyuan Group Co., Ltd. Class H
2.33
-0.92
-28.44%
HK:1375
Central China Securities Co., Ltd. Class H
1.50
-1.16
-43.55%
Hengtai Securities Co., Ltd. Class H Corporate Events
Hengtai Securities Calls October EGM to Elect New Board and Set Director Pay
Sep 23, 2026
Hengtai Securities has called its third extraordinary general meeting for 2026 to be held in Beijing on 23 October, where shareholders will vote on a comprehensive reshuffle of the board’s sixth session. The agenda includes electing a slate ...
Hengtai Securities Overhauls Board Line-Up for Sixth Session
Sep 23, 2026
Hengtai Securities Co., Ltd. Class H announced that its board met on 23 September 2026 and approved a new slate of directors for the sixth session of the board, including the proposed appointment of two executive directors, four non-executive dire...
Hengtai Securities Postpones Board Election but Extends Current Leadership
Sep 4, 2026
Hengtai Securities has announced that the election of its new board of directors, originally tied to the expiry of the fifth board’s term on 7 September 2026, will be postponed until shareholders approve a new board at a general meeting in l...
Financial Street Securities Releases Unaudited 2026 Interim Results
Aug 21, 2026
Financial Street Securities Co., Limited has released its unaudited interim results for the six months ended 30 June 2026, covering the performance of the company and its subsidiaries. The interim report, which includes detailed financial statemen...
Hengtai Securities Sets August Board Meeting to Review Interim Results and Dividend
Aug 11, 2026
Hengtai Securities has scheduled a board meeting for 21 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider whether to recommend an interim dividend, a decision that could influ...
Hengtai Securities Shareholders Approve New Non-Executive Director at EGM
Jul 3, 2026
Hengtai Securities Co., Ltd. Class H held its second extraordinary general meeting of 2026 in Beijing, conducted in accordance with PRC company law and the firm’s articles of association. The meeting saw strong shareholder participation, wit...
Financial Street Securities Sets Out New Board and Committee Structure
Jul 3, 2026
Financial Street Securities Co., Limited has outlined the latest composition of its board of directors, comprising executive, non-executive, employee representative and independent non-executive directors. The announcement clarifies governance res...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.