A Look At China Galaxy Securities (SEHK:6881) Valuation After Its CNY 5b Perpetual Note Issuance

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Mar 18

AdvertisementFixed income issuance sets fresh context for China Galaxy Securities China Galaxy Securities (SEHK:6881) has completed a CNY 5 billion fixed to floating note issuance, a perpetual, ...

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See our latest analysis for China Galaxy Securities. The HK$9.18 share price comes after a 1-day share price return of 1.66%, while the 30-day share price return of 11.22% and year-to-date share price return of 11.98% point to fading short term momentum against a much stronger backdrop of multi year total shareholder returns, including 10.07% over one year and very large gains over three and five years. If this capital raise has you thinking about where else capital could flow, it may be worth scanning infrastructure names through our AI infrastructure stocks screener, starting with 33 AI infrastructure stocks. With the shares trading at HK$9.18 and a reported discount of around 46% to analyst targets and intrinsic value estimates, investors now face a clear question: Is this genuine value, or is the market already pricing in future growth? Preferred P/E of 6.9x: Is it justified? On a P/E of 6.9x at a share price of HK$9.18, China Galaxy Securities screens as inexpensive compared to peers and industry benchmarks that sit more than twice as high. The P/E multiple compares the current share price to per share earnings and is a quick way to see how much investors are paying for each unit of profit. For a capital markets broker with established earnings, it often reflects how confident the market is about the durability of those profits. Here, the stock is described as good value on several fronts. The current P/E of 6.9x is below the Hong Kong Capital Markets industry average of 18x, sits under the peer average of 16.6x, and is also below an estimated fair P/E of 13.5x that our analysis suggests the market could move towards over time if expectations converge. Explore the SWS fair ratio for China Galaxy Securities Result: Price-to-earnings of 6.9x (UNDERVALUED) However, you still need to watch for weaker recent share price momentum and the inherent earnings cyclicality that can affect brokers across multiple business lines. Find out about the key risks to this China Galaxy Securities narrative. Another view: DCF points to deeper undervaluation While the 6.9x P/E already looks low, the SWS DCF model paints an even starker picture. With the share price at HK$9.18 and the DCF fair value at HK$17, the model suggests the stock is trading at a sizeable discount. Is the market too cautious, or is the model assuming more than you are comfortable with? Look into how the SWS DCF model arrives at its fair value. 6881 Discounted Cash Flow as at Mar 2026Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out China Galaxy Securities for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 227 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. Next Steps With mixed signals on value and sentiment, this is the moment to look through the details yourself and move quickly if you choose. To see the full picture of the trade off between concerns and potential upside, start with these 5 key rewards and 2 important warning signs Looking for more investment ideas? If you stop here, you risk missing other opportunities that match your style. Use the screener to quickly filter stocks that fit your checklist.  Target income potential by scanning companies that show strong yields and consistency with the 468 dividend fortresses. Zero in on quality priced below what the market implies using the 227 high quality undervalued stocks. Focus on staying power by filtering for firms with sturdier finances through the solid balance sheet and fundamentals stocks screener (383 results).   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}