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Orient Sec Co Ltd (600958) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of Orient Sec Co Ltd stock ¥10.61, price ¥8.40, upside +26.3%, quality 57 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services CN · ISIN CNE100001ZV6

OS Orient Sec Co Ltd logo Some data Nov 6, 2026

Orient Sec Co Ltd

600958 · SHG
Undervalued, but in a downtrend

The stock costs 21% less than our calculation considers fair.

Fair value ¥10.61 · Undervalued (21%)
Highly profitable · 39.7% net margin (TTM)
Even on cautious assumptions the value is 6% above the price (¥8.94).
Quality 57/100
2.4% dividend yield · Watch coverage
Mixed vs. peers (7/12)
Moderate moat 59/100
Some data
Weak Growth (revenue 5y −10.5 %/yr in CNY)
Negative free cash flow

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥16.15 ¥6.93 Fair Value ¥10.61 Apr 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range ¥6.93 – ¥16.15 · fair‑value band ¥8.94 – ¥15.79 · the ¥8.40 price screens below the ¥10.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

Orient Securities Company Limited operates as an integrated securities company in the People's Republic of China. It operates through Wealth and Asset Management; Investment Banking and Alternative Investment; Institutional and Sales Trading; and International and Other Operations segments.

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The company provides securities brokerage, financial products, investment advisory, margin financing and securities lending, asset management, and futures services.

It also offers stock underwriting and sponsoring, bond underwriting, financial advisory, and diversified corporate solutions, as well as alternative investment.

In addition, the company is involved in the market making, research services, and custodian business; provision of proprietary investment, including investment transactions such as in equity, fixed income, commodities and foreign exchange; and client-oriented services comprfising OTC derivatives and FICC agency services.

Further, it engages in commodity and financial futures brokerage; investment advisory; equity, asset, investment, securities asset, and fund management; investment consultancy; private equity, bond, industrial, financial asset, and securities investment; securities underwriting; and provision of corporate finance advisory services.

Additionally, the company acts as a foreign exchange brokers and dealers; and offers software development services. The company was incorporated in 1997 and is headquartered in Shanghai, the People's Republic of China.

Stock analysis

Orient Sec Co Ltd (600958) currently trades at ¥8.40, while our model-based Fair Value estimate is ¥10.61, implying the stock looks roughly 21% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ¥9.80 per share, and 5 of the 6 models we run sit above the ¥8.40 price.

Bear case: the Asset-Based group reads lowest at ¥7.39, and 1 of the 6 models stay below the price. Data coverage for this calculation is medium.

Scenario range: ¥8.94 (bear) to ¥15.79 (bull), the price of ¥8.40 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 57/100 (solid quality), in the Financial Services sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Orient Sec Co Ltd reported revenue of 15.4B CNY in FY2025 versus 27.4B CNY in FY2021, a compound −13.5%/yr. Reported net income was 5.6B CNY in FY2025, compounding +1.2%/yr from FY2021.

Key figures

Market cap 72.8B CNY (≈ $10.9B) Large · P/E ratio 12.2 · P/S ratio 4.90 · EPS (TTM) ¥0.6900 · Dividend yield 2.4% · Net margin 39.7% · Return on equity 7.0% · Return on assets (EBIT) 1.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (medium confidence).

What moves the price

The share trades about 25% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −12% fair-value upside, at 26%, 600958 screens cheaper than that median.

Fair Value models

Bear ¥8.94 Fair Value ¥10.61 Bull ¥15.79
Price ¥8.40 · Upside +26.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.4162 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income ¥8.94 ¥9.40 ¥10.23 76
DDM Multi-Stage ¥5.24 ¥9.09 ¥11.18 67
Gordon GGM ¥5.24 ¥10.61 ¥16.33 66
All 6 models by family
Dividend Discount
Gordon GGM ¥5.24 ¥10.61 ¥16.33 66
DDM Multi-Stage ¥5.24 ¥9.09 ¥11.18 67
Multiples
P/E Multiple ¥7.35 ¥9.80 ¥12.26 63
P/B Multiple ¥11.59 ¥15.45 ¥19.31 55
Asset-Based
NCAV (Graham) ¥5.52 ¥7.39 ¥11.03 54
Economic Profit
Residual Income ¥8.94 ¥9.40 ¥10.23 76

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Quality Score breakdown

Overall quality 57/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 33
How much profit the company makes from its sales and capital
Quality Growth 58
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 80
Does it invest with discipline instead of growing at any price?
Low Volatility 81
How calm the share price moves, does not count
Price momentum 26
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 8
Distance to the 52-week high, does not count
New shares 56
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 10/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−33.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−11.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.5%
Start year 2020 (pandemic). Over 10 years: +0.2% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.7%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ +4.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.0%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.11.2% vs 1.9%, picking up
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 16%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 73% above its own trend.

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Note from the team Oct 22, 2026
AI conclusion: The acquisition of Shanghai Securities offers scope for greater scale in investment banking and asset management yet the business shows limited moat, weak returns on equity, negative free cash flow and high leverage.
Main risk: Integration and regulatory risks attached to the Shanghai Securities acquisition could impede the expansion of investment banking and asset management activities.
Orient Securities is moving ahead with its acquisition of Shanghai Securities to gain scale in a consolidating Chinese brokerage sector. The deal could broaden its reach in investment banking and asset management but carries clear integration and regulatory risks. Our models see the shares as undervalued. Will greater size deliver lasting advantages or mainly add complexity?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 384 stocks

Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 57 · Above median
Fair Value upside +26.3% · Above median
Profitability
Return on equity (12 months) 7.0% · Below median
Return on assets 1.2% · Below median
Net margin (12 months) 39.7% · Above median
Operating margin (12 months) 37.3% · Above median
Growth and dividend
Revenue growth (quarter YoY) −39.6% · Bottom 25%
Dividend yield (12 months) 2.4% · Above median
Balance sheet
Debt / equity 0.62× · Highest 25%

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/E (12 months) 12.2× · Cheaper than median
P/B 0.88× · Cheaper than median
P/S (12 months) 4.90× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)68 · sector 43
FUTURE (revenue growth)0 · sector 67
PAST (return on equity)28 · sector 38
HEALTH (low debt)69 · sector 94
DIVIDEND (yield)48 · sector 47

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Orient Sec Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Orient Sec Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600958

Frequently asked questions

Is Orient Sec Co Ltd (600958) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ¥10.61 versus a price of ¥8.40, about +26% upside (undervalued).
What is the fair value of 600958?
Our model-based fair value for Orient Sec Co Ltd is ¥10.61 (as of Nov 6, 2026), built from audited fundamentals. The current price: ¥8.40.
What is the quality score of 600958?
Orient Sec Co Ltd has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Orient Sec Co Ltd (600958)?
Our model-based price target is the fair value of ¥10.61 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario ¥8.94, optimistic scenario ¥15.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Orient Sec Co Ltd stock forecast for 2026?
Our models put fair value at ¥10.61, about +26% upside versus a price of ¥8.40 (undervalued). Cautious scenario ¥8.94, optimistic scenario ¥15.79. The calculation is refreshed regularly with new filings.
What is the revenue of Orient Sec Co Ltd (600958)?
Orient Sec Co Ltd reported trailing-twelve-month revenue of about 14.9B CNY (latest available figure, as of Nov 6, 2026).
Does Orient Sec Co Ltd pay a dividend?
Orient Sec Co Ltd currently shows a dividend yield of 2.38% relative to its recent price (as of Nov 6, 2026).
What is the intrinsic value of Orient Sec Co Ltd (600958)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Orient Sec Co Ltd it is ¥10.61 per share (as of Nov 6, 2026), against a price of ¥8.40. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Orient Sec Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 600958 trades below its calculated fair value: price ¥8.40, fair value ¥10.61, a gap of about +26% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 600958?
No. The price is what the market pays today (¥8.40); the fair value is what the company's own numbers justify (¥10.61). For Orient Sec Co Ltd the two are ¥2.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Orient Sec Co Ltd worth?
The market values Orient Sec Co Ltd at about 72.8B CNY (market capitalisation, as of Nov 6, 2026). Per share that is ¥8.40; our models calculate a fair value of ¥10.61 per share.
What do the bullish and bearish scenarios say about 600958?
Our models span a range for Orient Sec Co Ltd: cautious scenario ¥8.94, base ¥10.61, optimistic ¥15.79 per share (as of Nov 6, 2026, price ¥8.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600958?
Orient Sec Co Ltd trades at a price-to-earnings ratio of 12.2 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥10.61 is built from several models across several years. Other multiples: P/B 0.9, P/S 4.9.
How solid is the balance sheet of Orient Sec Co Ltd (600958)?
Balance-sheet figures for Orient Sec Co Ltd (as of Nov 6, 2026): return on equity 7.0%, debt of 0.62 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 600958 from its 52-week high?
Orient Sec Co Ltd trades at ¥8.40, about 25% below its 52-week high of ¥11.18 and 4% above the low of ¥8.09 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥10.61 is for.
Which stocks are comparable to Orient Sec Co Ltd?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Orient Sec Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price ¥8.40, calculated fair value ¥10.61 (+26%), Quality Score 57/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 600958 calculated?
We run Orient Sec Co Ltd through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥10.61, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Orient Sec Co Ltd currently trades 21% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Orient Sec Co Ltd (600958)?
The closing price on Nov 5, 2026 was ¥8.40. Our model-based fair value is ¥10.61, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Orient Sec Co Ltd right now?
The price is below even our cautious bear case (¥8.94). The market is more pessimistic than our downside scenario. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Orient Sec Co Ltd (600958) come from?
Earnings per share at Orient Sec Co Ltd grew −8.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share +4.9 %, EBIT margin −13.8 %, tax rate +1.7 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Orient Sec Co Ltd

How large is the market capitalisation of Orient Sec Co Ltd (600958)?
The market capitalisation of Orient Sec Co Ltd is 72.8B CNY (≈ $10.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Orient Sec Co Ltd (600958)?
The price-to-sales ratio of Orient Sec Co Ltd is 4.90 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Orient Sec Co Ltd (600958)?
Earnings per share at Orient Sec Co Ltd are ¥0.6900 (price ÷ EPS = P/E 12.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Orient Sec Co Ltd (600958)?
The dividend yield of Orient Sec Co Ltd is 2.4% (payout 29.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Orient Sec Co Ltd (600958)?
The net margin of Orient Sec Co Ltd is 39.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Orient Sec Co Ltd (600958)?
The return on equity (ROE) of Orient Sec Co Ltd is 7.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Orient Sec Co Ltd (600958)?
On an EBIT basis the return on assets of Orient Sec Co Ltd is 1.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Orient Sec Co Ltd (600958)?
The operating margin of Orient Sec Co Ltd is 37.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Orient Sec Co Ltd (600958)?
Revenue at Orient Sec Co Ltd is growing −39.6% versus a year earlier (3y avg −11.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Orient Sec Co Ltd (600958)?
Earnings per share at Orient Sec Co Ltd are growing −47.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Orient Sec Co Ltd (600958) generate?
The free cash flow of Orient Sec Co Ltd is −130M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Orient Sec Co Ltd (600958) carry?
The net debt of Orient Sec Co Ltd is 25.9B CNY (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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