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002673.SZ

STRONG SELLREMOVE

Western Securities Co.,Ltd. · Financial Services · China · $4.5B · Avg Vol: $35M/d

9
StockRank
Q
38
V
32
M
16
P/E (TTM)
16.9x
ROE
5.8%
D/E
2.0x
Dividend %
1.9%
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

Western Securities is a regional Chinese brokerage with highly volatile earnings tied to domestic equity market cycles. It lacks a global competitive advantage, has low capital efficiency, and offers no exposure to our core macro themes.

COMPANY DESCRIPTION

Western Securities is a full-service Chinese brokerage and investment banking firm headquartered in Shaanxi Province. The company holds a dominant market share in Western China, offering retail brokerage, asset management, and investment banking services. Its state-owned background and strong regional capital connections provide a stable foundation for its nationwide expansion.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGR
Revenue784.1M1.0B991.3M884.1M4.1%
EPS0.010.040.050.0659.8%
Shares4.5B4.5B4.5B4.5B0.0%
Debt3.7B3.4B3.5B4.4B6.0%
Equity4.0B4.1B4.3B4.5B3.7%
Op CF-701.2M37.0M1.8B328.0M197.5%
Inv CF-15.6M-21.8M-537.0M1.2B—
Fin CF614.0M-270.7M-127.8M-74.4M—
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PRICE (1Y)-5.3%
0.920.950.981.021.05May 14Jun 4Jun 25
SMA 50SMA 200
Close
$0.99
RSI (14)
62.1
52W High
$1.42
From 52W High
0.7%

SCORE BREAKDOWN

Quality
38
ROIC (ROA)
1.5%*51.3
ROE
5.8%25.6
GP/Assets
2.9%33.7
Op. Margin
26.7%43.8
FCF/Assets
—N/A
Piotroski
565.9
Int. Cover
—N/A
D/E Ratio
1.95x16.5
Current Ratio
1.56x46.7
Value
32
P/E (TTM)
16.9x30.8
EV/EBITDA
—N/A
P/FCF
—N/A
P/B
1.0x62.8
P/S
4.8x32.7
Div Yield
1.9%22.6
Momentum
16
52W High %
70%17.6
RS 6M
-23%18.7
SMA 50/200
0.88x10.5
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
-38%5.9
Q Growth
-2%27.2

FUNDAMENTALS

Market Cap
$4.5B
P/E (Forward)
27.5x
Gross Margin
57.7%

SECTOR PEERS

Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of 002673.SZ are excluded.

TickerCompanyMkt CapStockRankSignal
002673.SZWestern Securities Co.,Ltd.(you)$4.5B9STRONG SELL
600369.SSSouthwest Securities Co., Ltd.$4.1B10STRONG SELL
601236.SSHongta Securities Co., Ltd.$4.9B9STRONG SELL
601990.SSNanjing Securities Co., Ltd.$4.4B6STRONG SELL
601696.SSBOC International (China) Co., Ltd.$5.5B8STRONG SELL
002939.SZChina Great Wall Securities Co.,Ltd.$5.2B14STRONG SELL
002945.SZChinaLin Securities Co., Ltd$5.8B7STRONG SELL
601099.SSThe Pacific Securities Co., Ltd$3.4B6STRONG SELL
600918.SSZhongtai Securities Co., Ltd.$6.3B11STRONG SELL
601136.SSCapital Securities Corporation Limited$5.9B5STRONG SELL

Peer medians: ROE 8.2% · P/E 8.3x · Gross margin 35.3%

Western Securities Co.,Ltd. (002673.SZ) — Stock Score Summary

Western Securities Co.,Ltd. (002673.SZ) has a MoatMap StockRank of 9/100 based on Quality (38/100), Value (32/100), and Momentum (16/100) factor scores. The current signal is STRONG SELL. Western Securities is a regional Chinese brokerage with highly volatile earnings tied to domestic equity market cycles. It lacks a global competitive advantage, has low capital efficiency, and offers no exposure to our core macro themes.

Western Securities is a full-service Chinese brokerage and investment banking firm headquartered in Shaanxi Province. The company holds a dominant market share in Western China, offering retail brokerage, asset management, and investment banking services. Its state-owned background and strong regional capital connections provide a stable foundation for its nationwide expansion.

Key Financial Metrics

Price$0.99
Market Cap$4.5B
P/E (TTM)16.95
P/E (Forward)27.54
Price/Book0.97
Return on Equity5.8%
Debt/Equity195.08
Gross Margin57.7%
Operating Margin26.7%
Revenue Growth17.0%
Dividend Yield1.9%

Western Securities Co.,Ltd. operates in the Capital Markets industry, part of the Financial Services sector (China).

Frequently Asked Questions

What is Western Securities Co.,Ltd.’s (002673.SZ) StockRank?
MoatMap’s StockRank for Western Securities Co.,Ltd. (002673.SZ) is 9/100, with a Strong Sell signal. It is a composite of Quality (38), Value (32), and Momentum (16) factor ranks across MoatMap’s 20,000+ stock universe.
Does Western Securities Co.,Ltd. have an economic moat?
Western Securities Co.,Ltd. (002673.SZ) has a Quality factor score of 38/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Western Securities Co.,Ltd. a buy, hold, or sell?
MoatMap’s current signal for Western Securities Co.,Ltd. (002673.SZ) is Strong Sell, based on a StockRank of 9/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Western Securities Co.,Ltd. in?
Western Securities Co.,Ltd. (002673.SZ) operates in the Financial Services sector, specifically the Capital Markets industry (China).
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