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Western Securities Co., Ltd. (002673.SZ)

CNY6.67 +0.14 (+2.14%)
CN SHZ Financial Services Financial - Capital Markets
Address Building No. 8 710004
Xi'an, CN
CEO Bing Qi
IPO 2012-05-03
ISIN CNE100001D96

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Description

Western Securities Co., Ltd. operates as a prominent Chinese financial institution specializing in the securities sector. The company provides a comprehensive suite of services, encompassing securities trading brokerage, investment advisory, and financial consultation for transactions related to securities. Its activities also include corporate finance services, such as underwriting and sponsorship, alongside proprietary trading and professional asset management. Furthermore, the firm offers credit facilities like margin financing and securities lending, acts as an agent for investment funds and various financial products, engages in market-making for stock options, and provides intermediary support for futures companies. Established in 2001, its main office is situated in Xi'an, China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CNY6.67 +0.14 (+2.14%)
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Volume Profile
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Liquidity & share structure
Average Volume
32M
Beta
0.54
Float Shares
2.11B
Free Float %
47.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.79% -3.65% -7.83% -17.63% -17.83% -16.48% -11.66% +2.17% -25.28% -65.39% +56.53%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6.67
DCF (Unlevered) 9.26 +38.8%
DCF (Levered) 2.11 -68.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-02 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.00
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Financial - Capital Markets: +19.7%
    -23.7% Q1'26: +15.3% (vs Q1'25)
  • EPS growth Financial - Capital Markets: +35.3%
    +25.8% Q1'26: -2.3% (vs Q1'25)
  • FCF margin FCF growth · Financial - Capital Markets: +29.5%
    +27.6% Q1'26: -3.8% (vs Q1'25)
  • EBIT margin Financial - Capital Markets: +33.5%
    +37.9% Q1'26: +22.9% (vs Q1'25)
  • ROIC Financial - Capital Markets: +4.0%
    Q1'26: -2.0% (vs Q1'25)
  • Share dilution Financial - Capital Markets: +0.0%
    +0.6% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×
    13.28× Q1'26: 21.08× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.62) × ERP
WACC = 50% × Ke + 50% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 9.28 Current price: 6.67
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
5.64B
est: 5.64B (+0.0%)
3.40B
est: 3.41B (-0.1%)
3.17B
est: 4.03B (-21.3%)
2.24B
est: 4.76B (-52.9%)
4.31B
est: 5.33B (-19.1%)
5.75B
est: 6.18B (-7.0%)
7.56B
est: 7.10B (+6.6%)
6.52B
est: 6.02B (+8.4%)
8.17B
est: 5.27B (+55.2%)
7.84B
est: 5.57B (+40.8%)
5.98B
est: 5.88B (+1.8%)
6.76B
6.76B – 6.76B
+14.9% YoY
5.88B
5.88B – 5.88B
-13.0% YoY
EBITDA
2.69B
est: 997.10M (+170.1%)
1.52B
est: 602.15M (+153.1%)
1.04B
est: 711.94M (+46.7%)
316.52M
est: 841.00M (-62.4%)
821.72M
est: 942.83M (-12.8%)
1.58B
est: 1.09B (+44.3%)
2.06B
est: 1.25B (+64.1%)
802.82M
est: 1.06B (-24.5%)
1.75B
est: 930.97M (+88.2%)
est: 1.10B (-100.0%)
2.27B
est: 1.16B (+95.0%)
1.34B
1.34B – 1.34B
+14.9% YoY
1.16B
1.16B – 1.16B
-13.0% YoY
EBIT
2.65B
est: 854.46M (+209.8%)
1.47B
est: 516.01M (+184.8%)
983.71M
est: 610.09M (+61.2%)
244.94M
est: 720.69M (-66.0%)
747.22M
est: 807.95M (-7.5%)
1.51B
est: 936.27M (+61.1%)
1.88B
est: 1.07B (+74.5%)
585.62M
est: 911.73M (-35.8%)
1.53B
est: 797.79M (+92.0%)
-236.33M
est: 972.83M (-124.3%)
2.27B
est: 1.03B (+120.6%)
1.18B
1.18B – 1.18B
+14.9% YoY
1.03B
1.03B – 1.03B
-13.0% YoY
Net Income
1.97B
est: 2.84B (-30.6%)
1.12B
est: 1.79B (-37.1%)
752.27M
est: 1.65B (-54.5%)
200.43M
est: 1.92B (-89.6%)
610.16M
est: 2.19B (-72.1%)
1.12B
est: 804.46M (+38.9%)
1.41B
est: 938.54M (+50.2%)
430.53M
est: 1.07B (-59.9%)
1.17B
est: 1.65B (-29.5%)
1.40B
est: 1.84B (-23.9%)
1.75B
est: 1.93B (-9.3%)
1.26B
1.26B – 1.26B
-34.9% YoY
1.93B
1.93B – 1.93B
+53.6% YoY
SGA
437.72M
est: 592.29M (-26.1%)
407.00M
est: 357.68M (+13.8%)
475.46M
est: 422.90M (+12.4%)
497.17M
est: 499.56M (-0.5%)
460.25M
est: 560.05M (-17.8%)
292.94M
est: 648.99M (-54.9%)
356.38M
est: 745.08M (-52.2%)
357.96M
est: 631.98M (-43.4%)
434.06M
est: 553.00M (-21.5%)
2.50B
est: 527.88M (+373.9%)
est: 557.47M (-100.0%)
640.74M
640.74M – 640.74M
+14.9% YoY
557.47M
557.47M – 557.47M
-13.0% YoY
EPS
0.63
est: 0.64 (-0.9%)
0.40
est: 0.40 (+0.0%)
0.23
est: 0.37 (-37.8%)
0.06
est: 0.43 (-86.7%)
0.17
est: 0.49 (-65.3%)
0.25
est: 0.18 (+38.9%)
0.32
est: 0.21 (+52.4%)
0.10
est: 0.24 (-59.9%)
0.26
est: 0.37 (-29.7%)
0.31
est: 0.41 (-24.4%)
0.39
est: 0.43 (-9.3%)
0.28
0.28 – 0.28
-34.9% YoY
0.43
0.43 – 0.43
+53.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-28 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-27 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-26 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-25 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-22 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-21 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-20 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-19 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-18 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-15 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-14 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-13 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-12 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-11 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-08 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-07 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-05-06 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-04-30 B- 3/5 3/5 2/5 4/5 1/5 2/5 3/5
2026-04-29 B- 3/5 3/5 2/5 4/5 1/5 2/5 3/5
2026-04-28 B- 3/5 3/5 2/5 4/5 1/5 2/5 3/5
2026-04-27 B- 3/5 3/5 2/5 4/5 1/5 2/5 3/5
2026-04-24 B 3/5 3/5 2/5 5/5 1/5 2/5 3/5
2026-04-23 B+ 3/5 3/5 3/5 5/5 2/5 2/5 3/5
2026-04-22 B+ 3/5 3/5 3/5 5/5 2/5 2/5 3/5
2026-04-21 B+ 3/5 3/5 3/5 5/5 2/5 2/5 3/5
2026-04-20 B+ 3/5 3/5 3/5 5/5 2/5 2/5 3/5
2026-04-17 B 3/5 3/5 3/5 5/5 1/5 2/5 3/5
2026-04-16 B 3/5 3/5 3/5 5/5 1/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.58B
OE per share TTM
0.58
Owner's Yield
8.78%
Maintenance CapEx ratio
5.99%
Maint CapEx / Avg PPE
13.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 43 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF ASHS 0.15% 56.8K 0.65%
2 HSBC MSCI China A UCITS ETF HMCT.L 0.09% 115.2K 0.30%
3 State Street SPDR S&P China ETF GXC 0.03% 141.5K 0.59%
4 JPMorgan ETFs (Ireland) ICAV - China A Research Enhanced Index Equity Active UCITS ETF JREC.L 0.03% 6.8K 0.40%
5 Franklin FTSE China ETF FLCH 0.01% 38.0K 0.19%
6 Franklin FTSE China UCITS ETF FLXC.L 0.01% 189.1K 0.19%
7 Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF EMCR 0.01% 6.6K 0.15%
8 Dimensional - Emerging Markets Value ETF DFEV 0.00% 99.7K 0.46%
9 Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX 0.00% 26.2K 0.40%
10 Dimensional Emerging Markets Sustainability Core 1 ETF DFSE 0.00% 21.9K 0.44%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
693.5K
Shares Outstanding
4.47B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Bing Qi General Manager male
Li Qu Chief Legal Counsel female
Qinghai Liu Chief Strategy & Human Resources Officer male
Wei Chen Compliance Director & Chief Risk Officer male
Xing Yuan Secretary male
Yongjun Zhang Chief Financial Officer male
Yuyang Huang Chief Information Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits