What is China Merchants Securities Co., Ltd.'s (600999.SS) StockRank?

MoatMap's StockRank for China Merchants Securities Co., Ltd. (600999.SS) is 53/100, with a Hold signal. This is a composite score combining Quality (41), Value (36), and Momentum (66) factor ranks across MoatMap's 20,000+ stock universe.

Does China Merchants Securities Co., Ltd. have an economic moat?

China Merchants Securities Co., Ltd. (600999.SS) has a Quality factor score of 41/100. 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 financial characteristics of a moated business.

Is China Merchants Securities Co., Ltd. a buy, hold, or sell?

MoatMap's current signal for China Merchants Securities Co., Ltd. (600999.SS) is Hold, based on a StockRank of 53/100. 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 China Merchants Securities Co., Ltd. in?

China Merchants Securities Co., Ltd. (600999.SS) operates in the Financial Services sector, specifically the Capital Markets industry (China).

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600999.SS

HOLDREMOVE

China Merchants Securities Co., Ltd. · Financial Services · China · $25.3B · Avg Vol: $311M/d

StockRank

P/E (TTM)

12.7x

ROE

9.7%

D/E

2.5x

Dividend %

3.2%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

China Merchants Securities is a cyclical financial services firm highly dependent on Chinese equity market volumes. It lacks a durable competitive moat and does not align with our structural macro themes.

COMPANY DESCRIPTION

China Merchants Securities Co., Ltd. is a leading full-service investment bank and brokerage firm in China, offering wealth management, investment banking, asset management, and institutional trading services. Backed by the prestigious China Merchants Group, the company benefits from strong brand credibility and extensive corporate client relationships. It consistently ranks among the top Chinese brokerages, distinguished by its robust risk management and leading position in margin financing.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR
Revenue	2.6B	2.7B	2.9B	3.5B	10.3%
EPS	0.13	0.14	0.17	0.20	16.2%
Shares	8.7B	8.7B	8.7B	8.7B	0.0%
Debt	27.1B	31.8B	29.0B	32.8B	6.5%
Equity	17.0B	18.0B	19.2B	20.4B	6.2%
Op CF	9.2B	4.0B	8.1B	-4.6B	-6.4%
Inv CF	-2.8B	-3.6B	-2.1B	718.0M	—
Fin CF	-3.1B	1.1B	-1.5B	3.3B	—

PRICE (1Y)+29.5%

SMA 50SMA 200

$3.06

RSI (14)

85.2

52W High

$3.13

From 52W High

1.0%

SCORE BREAKDOWN

Quality

ROIC (ROA)

1.8%*57.2

ROE

9.7%47.6

GP/Assets

2.2%24.4

Op. Margin

56.2%77.7

FCF/Assets

—N/A

Piotroski

446.1

Int. Cover

—N/A

D/E Ratio

2.55x12.6

Current Ratio

1.37x41.6

Value

P/E (TTM)

12.7x50.9

EV/EBITDA

—N/A

P/FCF

—N/A

P/B

1.3x42.3

P/S

5.9x25.2

Div Yield

3.2%46.4

Momentum

52W High %

98%82.0

RS 6M

17%87.7

SMA 50/200

1.00x36.4

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

+15%40.9

Q Growth

42%71.1

FUNDAMENTALS

Market Cap

$25.3B

P/E (Forward)

11.0x

Gross Margin

60.0%

SECTOR PEERS

Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of 600999.SS are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
600999.SS	China Merchants Securities Co., Ltd.(you)	$25.3B	53	HOLD
1776.HK	GF Securities Co., Ltd.	$18.6B	53	HOLD
6886.HK	Huatai Securities Co., Ltd.	$20.4B	40	HOLD
6030.HK	CITIC Securities Company Limited	$53.6B	55	HOLD
601995.SS	China International Capital Corporation Limited	$25.3B	34	SELL
6066.HK	CSC Financial Co., Ltd.	$12.7B	59	HOLD
2611.HK	Guotai Haitong Securities Co., Ltd.	$34.7B	34	SELL
6806.HK	Shenwan Hongyuan Group Co., Ltd.	$8.6B	43	HOLD
000783.SZ	Changjiang Securities Company Limited	$7.0B	65	HOLD
600909.SS	Huaan Securities Co., Ltd.	$7.1B	34	SELL

Peer medians: ROE 8.2% · P/E 8.1x · Gross margin 35.3%

China Merchants Securities Co., Ltd. (600999.SS) — Stock Score Summary

China Merchants Securities Co., Ltd. (600999.SS) has a MoatMap StockRank of 53/100 based on Quality (41/100), Value (36/100), and Momentum (66/100) factor scores. The current signal is HOLD. China Merchants Securities is a cyclical financial services firm highly dependent on Chinese equity market volumes. It lacks a durable competitive moat and does not align with our structural macro themes.

Key Financial Metrics

Price	$3.06
Market Cap	$25.3B
P/E (TTM)	12.67
P/E (Forward)	11.01
Price/Book	1.29
Return on Equity	9.7%
Debt/Equity	254.82
Gross Margin	60.0%
Operating Margin	56.2%
Revenue Growth	52.5%
Dividend Yield	3.2%

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

Frequently Asked Questions

What is China Merchants Securities Co., Ltd.’s (600999.SS) StockRank?: MoatMap’s StockRank for China Merchants Securities Co., Ltd. (600999.SS) is 53/100, with a Hold signal. It is a composite of Quality (41), Value (36), and Momentum (66) factor ranks across MoatMap’s 20,000+ stock universe.
Does China Merchants Securities Co., Ltd. have an economic moat?: China Merchants Securities Co., Ltd. (600999.SS) has a Quality factor score of 41/100. 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 China Merchants Securities Co., Ltd. a buy, hold, or sell?: MoatMap’s current signal for China Merchants Securities Co., Ltd. (600999.SS) is Hold, based on a StockRank of 53/100. 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 China Merchants Securities Co., Ltd. in?: China Merchants Securities Co., Ltd. (600999.SS) operates in the Financial Services sector, specifically the Capital Markets industry (China).