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Ruida Futures Co (002961) Fair Value & Analysis

Financial Services · CN · Market cap 10.1B CNY

RF Ruida Futures Co 002961 · SHE
Price¥19.68
Fair Value¥10.70
Upside-45.6%
Quality46/100
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Weak Growth
Highly profitable · 47.4% net margin
negative free cash flow
1.91% dividend yield
Ranks above peers (7/11)
Wide moat 73/100
Evidence: High Range ¥8.03 – ¥13.38 Share as image

Fair value as of: Jul 25, 2026

From 2 valuation models · updated 16 days ago

Share price +1.6% over the past month.

Below-average quality, and screening another 46% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥13.38). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

¥30.15 ¥9.67 Fair Value ¥10.70 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.

How to read this chart

60‑month range ¥9.67 – ¥30.15 · fair‑value band ¥8.03 – ¥13.38 · the ¥19.68 price screens above the ¥10.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.

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Analysis

Ruida Futures Co (002961) currently trades at ¥19.68, while our model-based Fair Value estimate is ¥10.70, implying the stock looks roughly 45.6% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Ruida Futures Co generated revenue of 1.4B CNY at a net margin of 47.4%. Revenue grew 100.4% year over year. It earns a return on equity of 18.8%. The balance sheet holds a net cash position of 7.9B CNY. Fundamentals as of Jul 25, 2026

Our scenario range runs from ¥8.03 (bear case) to ¥13.38 (bull case); at ¥19.68, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at -46%, 002961 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
P/B Multiple ¥4.87 ¥6.50 ¥8.12 55
NCAV (Graham) ¥3.82 ¥5.12 ¥7.65 50
All 2 models by family
Multiples
P/B Multiple ¥4.87 ¥6.50 ¥8.12 55
Asset-Based
NCAV (Graham) ¥3.82 ¥5.12 ¥7.65 50

Widest divergence: Multiples (¥6.50) versus Asset-Based (¥5.12). Highest evidence: P/B Multiple (55).

Key figures & financial health

Revenue (TTM) 1.4B CNY
Revenue growth (YoY) +100%
Net margin 47.4%
Return on equity 18.8%
Free cash flow −1.1B CNY FY2025
P/E ratio 14.3
More key figures
Operating margin 68.1%
EPS (TTM) ¥1.48
Dividend yield 1.9%
EPS growth (YoY) +139%
Net cash 7.9B CNY FY2024

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 49 · Market factors (momentum, volatility) 33

Profitability 40
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 53
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Ruida Futures Co.,Ltd. operates as a futures brokerage company in China. The company engages in futures brokerage, asset management, futures trading consulting, risk management, overseas financial business, and securities investment fund businesses.

Full company description

Ruida Futures Co.,Ltd. operates as a futures brokerage company in China. The company engages in futures brokerage, asset management, futures trading consulting, risk management, overseas financial business, and securities investment fund businesses. It serves enterprises, licensed financial institutions, industrial and high-net-worth clients, and institutional, individual, and professional investors. The company was formerly known as Ruida Futures Brokerage Co., Ltd. and changed its name to Ruida Futures Co., Ltd. in November 2012. Ruida Futures Co.,Ltd. was founded in 1993 and is based in Xiamen, China. The company operates as a subsidiary of Fujian Ruida Holding Co., Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ruida Futures Co reported revenue of ¥1.2B in FY2025 versus ¥2.2B in FY2021, a compound −13.3%/yr. Reported net income was ¥547M in FY2025, compounding +2.1%/yr from FY2021.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.2B CNY
Latest YoY
−33.5%
Avg. growth/yr (3Y)
−17.1%
Avg. growth/yr (5Y)
−2.1%
Avg. growth/yr (13Y)
+12.9%
Revenue −13.3%/yr
FY21 ¥2.2B
FY22 ¥2.2B
FY23 ¥962M
FY24 ¥1.8B
FY25 ¥1.2B
Net income +2.1%/yr
FY21 ¥504M
FY22 ¥294M
FY23 ¥244M
FY24 ¥383M
FY25 ¥547M

002961 screens 46% overvalued. Compare with Huatai Securities Co →

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Cite: Fair Value Calculator (2026). "Ruida Futures Co Fair Value". https://www.fairvalue-calculator.com/stock/002961

Peer Group

Capital Markets · 425 stocks

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.

Quality Score 52 · Below median
Fair Value upside −46% · Below median
Return on equity (TTM) 19% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 47% · Top 25%
Operating margin (TTM) 68% · Top 25%
Revenue growth 100% · Top 25%
Dividend yield (TTM) 1.9% · Above median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 14.3× · Cheaper than median
P/B 2.76× · Pricier than 75% of peers
P/S (TTM) 7.12× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 9
FUTURE 100 · sector 96
PAST 75 · sector 30
HEALTH 0 · sector 93
DIVIDEND 38 · sector 36

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).

Stock Price Fair Value vs Fair Value
Huatai Securities Co HTSC $0.2700 $0.0400 -85%
Mirae Asset Securities Co 006800 38,750 KRW 31,645 KRW -18%
Meritz Financial Group 138040 117,000 KRW 87,706 KRW -25%
Korea Investment Holdings 071050 239,000 KRW 318,825 KRW +33%
NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
Samsung Securities Co 016360 107,700 KRW 126,487 KRW +17%
Motilal Oswal Financial Services Limited MOTILALOFS ₹967.00 ₹299.65 -69%
Kiwoom Securities Co 039490 322,000 KRW 358,091 KRW +11%
SSI Securities Corporation SSI 24,250 VND 28,021 VND +16%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 120.22 ARS -62%

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Frequently asked questions

Is Ruida Futures Co (002961) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of ¥10.70 versus a price of ¥19.68, about −46% (overvalued).
What is the fair value of 002961?
Our model-based fair value for Ruida Futures Co is ¥10.70 (as of Jul 25, 2026), built from audited fundamentals. The current price is ¥19.68.
What is the quality score of 002961?
Ruida Futures Co has a Quality Score of 46/100. 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 revenue of Ruida Futures Co (002961)?
Ruida Futures Co reported trailing-twelve-month revenue of about 1.4B CNY (latest available figure, as of Jul 25, 2026).
What is the net profit margin of 002961?
The net profit margin of Ruida Futures Co is about 47.4%, meaning it keeps roughly 47.4% of revenue as net income. Based on the latest reported figures.
Does Ruida Futures Co pay a dividend?
Ruida Futures Co currently shows a dividend yield of about 1.91% relative to its recent price (as of Jul 25, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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