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Huatai Securities Co (HTSC) Fair Value & Analysis

Financial Services · GB · Market cap $1.9T

HS Huatai Securities Co HTSC · LSE
Price$0.2700
Fair Value$0.0400
Upside-85.2%
Quality52/100
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Expensive Growth
Highly profitable · 37.4% net margin
negative free cash flow
3.14% dividend yield
Ranks above peers (5/8)
Moderate moat 61/100
Evidence: High Range $0.0300 – $0.0500 Share as image

Fair value as of: Aug 7, 2026

From 2 valuation models · updated 3 days ago

Fair value updated Aug 7, 2026, revised from $0.0100 to $0.0400 (+300.0%) since Jul 17, 2026.

A solid business, but screening 85% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($0.0500). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) 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)

$0.2700 $0.1537 Fair Value $0.0400 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range $0.1537 – $0.2700 · fair‑value band $0.0300 – $0.0500 · the $0.2700 price screens above the $0.0400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 7, 2026.

Full chart & analysis →

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Analysis

Huatai Securities Co (HTSC) currently trades at $0.2700, while our model-based Fair Value estimate is $0.0400, implying the stock looks roughly 85.2% overvalued today. The Quality Score stands at 52/100 (solid 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, Huatai Securities Co generated revenue of $31.5B at a net margin of 37.4%. Revenue declined 35.9% year over year. It earns a return on equity of 6.8%. The balance sheet holds a net cash position of $210B. Fundamentals as of Aug 7, 2026

Our scenario range runs from $0.0300 (bear case) to $0.0500 (bull case); at $0.2700, 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. For context, the median of 10 Financial Services peers we cover trades at 16% fair-value upside, at -85%, HTSC 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 $1.88 $2.50 $3.13 55
NCAV (Graham) $1.47 $1.97 $2.95 50
All 2 models by family
Multiples
P/B Multiple $1.88 $2.50 $3.13 55
Asset-Based
NCAV (Graham) $1.47 $1.97 $2.95 50

Widest divergence: Multiples ($2.50) versus Asset-Based ($1.97). Highest evidence: P/B Multiple (55).

Key figures & financial health

Revenue (TTM) $31.5B
Revenue growth (YoY) -35.9%
Net margin 37.4%
Return on equity 6.8%
Free cash flow −$13.8B FY2025
P/E ratio 0.1
More key figures
Operating margin 38.5%
EPS (TTM) $1.67
Dividend yield 3.1%
EPS growth (YoY) -34.3%
Net cash $210B FY2025

Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 55 · Market factors (momentum, volatility) 65

Profitability 34
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 100
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

Huatai Securities Co., Ltd. provides financial services in Mainland China and internationally. It operates through Wealth Management, Institutional Services, Investment Management, International Business, and Other segments.

Full company description

Huatai Securities Co., Ltd. provides financial services in Mainland China and internationally. It operates through Wealth Management, Institutional Services, Investment Management, International Business, and Other segments. The company buys and sells stocks, funds, bonds, futures, and options on behalf of clients; and provides various financial products and asset allocation, margin financing, securities lending, securities-backed lending, and margin securities lending services. It also offers institutional investment banking services, including research and institutional sales; equity securities investments and transactions; fixed income investments and transactions; and over-the-counter financial products and transactions services. In addition, the company provides asset management services, private equity investment, alternative investments and commodities trading and arbitrage services. Huatai Securities Co., Ltd. was founded in 1990 and is based in Central, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Huatai Securities Co reported revenue of $42.0B in FY2025 versus $35.3B in FY2021, a compound +4.4%/yr. Reported net income was $16.4B in FY2025, compounding +5.3%/yr from FY2021.

Growth Quality 45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$42.0B
Latest YoY
−1.2%
Avg. growth/yr (3Y)
+10.8%
Avg. growth/yr (5Y)
+9.0%
Avg. growth/yr (19Y)
+15.7%
Revenue +4.4%/yr
FY21 $35.3B
FY22 $30.8B
FY23 $34.0B
FY24 $42.5B
FY25 $42.0B
Net income +5.3%/yr
FY21 $13.3B
FY22 $11.1B
FY23 $12.8B
FY24 $15.4B
FY25 $16.4B

HTSC screens 85% overvalued. Compare with Mirae Asset Securities Co →

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Cite: Fair Value Calculator (2026). "Huatai Securities Co Fair Value". https://www.fairvalue-calculator.com/stock/HTSC

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 59 · Above median
Return on equity (TTM) 7% · Below median
Return on assets 1% · Below median
Net margin (TTM) 37% · Top 25%
Operating margin (TTM) 38% · Above median
Revenue growth -36% · Bottom 25%
Dividend yield (TTM) 3.1% · Above median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 0.1× · Cheaper 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 0 · sector 96
PAST 27 · sector 30
HEALTH 0 · sector 93
DIVIDEND 63 · 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 Aug 7, 2026).

Stock Price Fair Value vs Fair Value
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%
Daishin Securities Co 003540 26,200 KRW 46,660 KRW +78%

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Frequently asked questions

Is Huatai Securities Co (HTSC) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of $0.0400 versus a price of $0.2700, about −85% (overvalued).
What is the fair value of HTSC?
Our model-based fair value for Huatai Securities Co is $0.0400 (as of Aug 7, 2026), built from audited fundamentals. The current price is $0.2700.
What is the quality score of HTSC?
Huatai Securities Co has a Quality Score of 52/100. 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 Huatai Securities Co (HTSC)?
Huatai Securities Co reported trailing-twelve-month revenue of about $31.5B (latest available figure, as of Aug 7, 2026).
What is the net profit margin of HTSC?
The net profit margin of Huatai Securities Co is about 37.4%, meaning it keeps roughly 37.4% of revenue as net income. Based on the latest reported figures.
Does Huatai Securities Co pay a dividend?
Huatai Securities Co currently shows a dividend yield of about 3.14% relative to its recent price (as of Aug 7, 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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