ScoreWhy is Western Securities Co., Ltd. ?
1
Weak Long Term Fundamental Strength with an average Return on Equity (ROE) of 4.14%
- Poor long term growth as Net Sales has grown by an annual rate of 1.70% and Operating profit at 7.42%
- The company has been able to generate a Return on Equity (avg) of 4.14% signifying low profitability per unit of shareholders funds
2
Poor long term growth as Net Sales has grown by an annual rate of 1.70% and Operating profit at 7.42%
3
Negative results in Mar 26
- OPERATING CASH FLOW(Y) Lowest at CNY 2,302.74 MM
- DEBT-EQUITY RATIO (HY) Highest at 190.18 %
- DEBTORS TURNOVER RATIO(HY) Lowest at 0.57 times
4
Below par performance in long term as well as near term
- Along with generating -13.55% returns in the last 1 year, the stock has also underperformed China Shanghai Composite in the last 3 years, 1 year and 3 months
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Western Securities Co., Ltd. should be less than 10%
- Overall Portfolio exposure to Capital Markets should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Capital Markets)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Western Securities Co., Ltd. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Western Securities Co., Ltd.
-20.47%
0.13
23.28%
China Shanghai Composite
3.23%
1.20
14.07%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
1.70%
EBIT Growth (5y)
7.42%
EBIT to Interest (avg)
2.72
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
20.01%
Dividend Payout Ratio
30.54%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
10.79%
ROE (avg)
4.14%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
16
Industry P/E
Price to Book Value
0.95
EV to EBIT
7.94
EV to EBITDA
7.26
EV to Capital Employed
0.94
EV to Sales
3.80
PEG Ratio
0.59
Dividend Yield
1.85%
ROCE (Latest)
11.81%
ROE (Latest)
5.94%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
Mildly Bearish
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend10What is working for the Company
ROCE(HY)
Highest at 6.73%
RAW MATERIAL COST(Y)
Fallen by -3.83% (YoY
NET SALES(Q)
Highest at CNY 2,175.74 MM
PRE-TAX PROFIT(Q)
Highest at CNY 1,079.63 MM
NET PROFIT(Q)
Highest at CNY 750.65 MM
EPS(Q)
Highest at CNY 0.17
-4What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at CNY 1,516.28 MM
DEBT-EQUITY RATIO
(HY)
Highest at 201.16 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 4.33 times
Here's what is working for Western Securities Co., Ltd.
Net Sales
Highest at CNY 2,175.74 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (CNY MM)
Net Sales
At CNY 2,175.74 MM has Grown at 17.43%
over average net sales of the previous four periods of CNY 1,852.74 MMMOJO Watch
Near term sales trend is positive
Net Sales (CNY MM)
Pre-Tax Profit
Highest at CNY 1,079.63 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (CNY MM)
Pre-Tax Profit
At CNY 1,079.63 MM has Grown at 91.4%
over average net sales of the previous four periods of CNY 564.07 MMMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (CNY MM)
Net Profit
Highest at CNY 750.65 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (CNY MM)
Net Profit
At CNY 750.65 MM has Grown at 71.86%
over average net sales of the previous four periods of CNY 436.77 MMMOJO Watch
Near term Net Profit trend is positive
Net Profit (CNY MM)
EPS
Highest at CNY 0.17
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (CNY)
Raw Material Cost
Fallen by -3.83% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at CNY 88.21 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (CNY MM)
Depreciation
At CNY 88.21 MM has Grown at inf%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (CNY MM)
Here's what is not working for Western Securities Co., Ltd.
Operating Cash Flow
Lowest at CNY 1,516.28 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (CNY MM)
Debt-Equity Ratio
Highest at 201.16 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Inventory Turnover Ratio
Lowest at 4.33 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
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