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600369.SS

STRONG SELLREMOVE

Southwest Securities Co., Ltd. · Financial Services · China · $4.1B · Avg Vol: $30M/d

10
StockRank
Q
30
V
29
M
28
P/E (TTM)
24.1x
ROE
3.6%
D/E
1.9x
Dividend %
2.4%
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

Southwest Securities is a regional Chinese brokerage firm. Its earnings are highly cyclical and tied to domestic retail trading volumes, lacking any structural moat, international scale, or alignment with our core investment themes.

COMPANY DESCRIPTION

Southwest Securities Co., Ltd. is a full-service brokerage firm providing securities brokerage, investment banking, asset management, and proprietary trading. The company enjoys strong regional dominance and state-backed status in Chongqing and Southwest China. It leverages local economic growth and regional capital market reforms to drive its investment banking and retail brokerage businesses.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGR
Revenue209.0M300.1M337.4M434.4M27.6%
EPS0.010.010.020.0247.4%
Shares6.6B6.6B6.6B6.6B0.0%
Debt2.7B3.1B3.3B4.4B17.2%
Equity3.7B3.8B3.8B3.9B1.7%
Op CF438.8M-230.8M1.5B-681.0M87.1%
Inv CF-152.3M-22.5M408.9M-84.9M—
Fin CF-337.3M304.2M-1.2B1.1B—
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PRICE (1Y)-0.2%
0.560.580.590.610.63May 14Jun 4Jun 25
SMA 50SMA 200
Close
$0.61
RSI (14)
61.3
52W High
$0.76
From 52W High
0.8%

SCORE BREAKDOWN

Quality
30
ROIC (ROA)
1.0%*39.8
ROE
3.6%17.1
GP/Assets
1.3%10.1
Op. Margin
37.3%55.2
FCF/Assets
—N/A
Piotroski
446.1
Int. Cover
—N/A
D/E Ratio
1.95x16.6
Current Ratio
1.53x45.7
Value
29
P/E (TTM)
24.1x17.9
EV/EBITDA
—N/A
P/FCF
—N/A
P/B
1.0x57.6
P/S
8.3x17.4
Div Yield
2.4%31.8
Momentum
28
52W High %
80%28.5
RS 6M
-15%28.3
SMA 50/200
0.92x15.4
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
-12%14.5
Q Growth
26%61.6

FUNDAMENTALS

Market Cap
$4.1B
P/E (Forward)
27.3x
Gross Margin
42.0%

SECTOR PEERS

Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of 600369.SS are excluded.

TickerCompanyMkt CapStockRankSignal
600369.SSSouthwest Securities Co., Ltd.(you)$4.1B10STRONG SELL
002673.SZWestern Securities Co.,Ltd.$4.5B9STRONG SELL
601236.SSHongta Securities Co., Ltd.$4.9B9STRONG SELL
601990.SSNanjing Securities Co., Ltd.$4.4B6STRONG SELL
601099.SSThe Pacific Securities Co., Ltd$3.4B6STRONG SELL
601696.SSBOC International (China) Co., Ltd.$5.5B8STRONG SELL
600927.SSYongan Futures Co.,Ltd.$2.8B11STRONG SELL
601375.SSCentral China Securities Co., Ltd.$2.8B11STRONG SELL
002939.SZChina Great Wall Securities Co.,Ltd.$5.2B14STRONG SELL
000750.SZSealand Securities Co., Ltd.$3.6B16STRONG SELL

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

Southwest Securities Co., Ltd. (600369.SS) — Stock Score Summary

Southwest Securities Co., Ltd. (600369.SS) has a MoatMap StockRank of 10/100 based on Quality (30/100), Value (29/100), and Momentum (28/100) factor scores. The current signal is STRONG SELL. Southwest Securities is a regional Chinese brokerage firm. Its earnings are highly cyclical and tied to domestic retail trading volumes, lacking any structural moat, international scale, or alignment with our core investment themes.

Southwest Securities Co., Ltd. is a full-service brokerage firm providing securities brokerage, investment banking, asset management, and proprietary trading. The company enjoys strong regional dominance and state-backed status in Chongqing and Southwest China. It leverages local economic growth and regional capital market reforms to drive its investment banking and retail brokerage businesses.

Key Financial Metrics

Price$0.61
Market Cap$4.1B
P/E (TTM)24.06
P/E (Forward)27.27
Price/Book1.02
Return on Equity3.6%
Debt/Equity194.93
Gross Margin42.0%
Operating Margin37.3%
Revenue Growth26.3%
Dividend Yield2.4%

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

Frequently Asked Questions

What is Southwest Securities Co., Ltd.’s (600369.SS) StockRank?
MoatMap’s StockRank for Southwest Securities Co., Ltd. (600369.SS) is 10/100, with a Strong Sell signal. It is a composite of Quality (30), Value (29), and Momentum (28) factor ranks across MoatMap’s 20,000+ stock universe.
Does Southwest Securities Co., Ltd. have an economic moat?
Southwest Securities Co., Ltd. (600369.SS) has a Quality factor score of 30/100. 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 Southwest Securities Co., Ltd. a buy, hold, or sell?
MoatMap’s current signal for Southwest Securities Co., Ltd. (600369.SS) is Strong Sell, based on a StockRank of 10/100. 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 Southwest Securities Co., Ltd. in?
Southwest Securities Co., Ltd. (600369.SS) operates in the Financial Services sector, specifically the Capital Markets industry (China).
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