CITIC Limited (HK:0267)
:0267
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CITIC
(0267)
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Rating:66Neutral
Price Target:
HK$14.00
▲(15.51% Upside)
Action:DowngradedDate:04/26/26
The score is held back primarily by financial quality concerns—high leverage and historically weak operating/free cash flow—despite solid reported profitability. Offsetting this, technicals show a constructive uptrend and momentum, and valuation is compelling with a low P/E and strong dividend yield.
Positive Factors
Diversified business model
CITIC's exposure across banking, securities, asset management, insurance, mining, energy and industrials reduces reliance on any single cyclical market. This diversification improves resilience over 2–6 months by smoothing revenue sources and enabling internal capital redeployment across segments.
Negative Factors
Very high leverage
Elevated leverage materially limits financial flexibility, increases interest expense sensitivity, and heightens refinancing risk over the medium term. High debt constrains capacity for discretionary investment or buybacks and raises vulnerability to rate moves or cyclical revenue shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
CITIC's exposure across banking, securities, asset management, insurance, mining, energy and industrials reduces reliance on any single cyclical market. This diversification improves resilience over 2–6 months by smoothing revenue sources and enabling internal capital redeployment across segments.
Read all positive factors
CITIC (0267) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$381.08B
Dividend Yield5.15%
Average Volume (3M)26.30M
Price to Earnings (P/E)5.5
Beta (1Y)0.99
Revenue Growth2.24%
EPS Growth1.42%
CountryHK
Employees190,763
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)N/A
Shares Outstanding29,090,264,000
10 Day Avg. Volume25,398,370
30 Day Avg. Volume26,304,733
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)0.40
Price to Sales (P/S)0.42
P/FCF Ratio61.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$14.01Price Target Upside15.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CITIC Business Overview & Revenue Model
Company Description
CITIC Limited operates in the financial services, manufacturing, engineering contracting, advances materials, consumption, and urbanization businesses in China. The company offers banking products and services; investment banking, brokerage, secur...
How the Company Makes Money
CITIC Limited makes money primarily through a mix of financial-services earnings and industrial/commodity-linked profits across its portfolio. (1) Financial services: revenue is generated from interest income and fees in banking (net interest marg...
CITIC Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
44
Neutral
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 834.28B | 949.69B | 752.32B | 771.13B | 708.94B |
| Gross Profit | 367.91B | 322.38B | 340.37B | 357.71B | 311.41B |
| EBITDA | 174.74B | 173.34B | 363.47B | 168.22B | 134.23B |
| Net Income | 63.69B | 58.20B | 63.49B | 73.53B | 70.22B |
Balance Sheet | |||||
| Total Assets | 14.50T | 12.85T | 12.48T | 11.79T | 10.69T |
| Cash, Cash Equivalents and Short-Term Investments | 1.95T | 1.27T | 1.13T | 1.05T | 1.00T |
| Total Debt | 3.20T | 3.86T | 4.14T | 3.52T | 3.28T |
| Total Liabilities | 12.84T | 11.34T | 11.00T | 10.41T | 9.52T |
| Stockholders Equity | 871.39B | 806.13B | 774.20B | 737.25B | 751.41B |
Cash Flow | |||||
| Free Cash Flow | 5.70B | -143.47B | -270.78B | -110.86B | -158.37B |
| Operating Cash Flow | 65.39B | -112.41B | -243.92B | -87.29B | -133.88B |
| Investing Cash Flow | -357.10B | -72.36B | -45.22B | 54.21B | -224.78B |
| Financing Cash Flow | 232.67B | 139.98B | 302.22B | 75.93B | 224.25B |
CITIC Technical Analysis
Positive
12.12
Price Trends
12.10
Positive
12.13
Positive
11.81
Positive
Market Momentum
0.29
Negative
65.44
Neutral
83.52
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0267, the sentiment is Positive. The current price of 12.12 is above the 20-day moving average (MA) of 12.11, above the 50-day MA of 12.10, and above the 200-day MA of 11.81, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 65.44 is Neutral, neither overbought nor oversold. The STOCH value of 83.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0267.
CITIC Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$22.41B | 2.84 | 6.12% | 5.00% | 2.39% | 7.81% | |
67 Neutral | HK$104.27B | 28.96 | 1.14% | 5.26% | 10.37% | -29.03% | |
66 Neutral | HK$381.08B | 5.51 | 5.53% | 5.15% | 2.24% | 1.42% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$252.59B | 17.13 | 2.12% | 4.02% | -0.47% | -30.71% | |
60 Neutral | HK$40.05B | 7.30 | 5.66% | 4.94% | 3.77% | -1.53% | |
42 Neutral | HK$33.62B | -1.40 | -21.69% | 0.44% | -9.73% | -440.87% |
* Industrials Sector Average
HK:0267
CITIC
12.90
3.92
43.67%
HK:0392
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31.00
1.00
3.33%
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CK Hutchison Holdings
65.05
23.30
55.81%
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4.11
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2.44%
HK:0053
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69.00
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Swire Pacific
84.80
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CITIC Corporate Events
CITIC Securities Posts Strong First-Quarter 2026 Results for CITIC Group
Apr 24, 2026
CITIC Limited has announced that its subsidiary CITIC Securities Company Limited reported unaudited operating revenue of RMB23.16 billion and net profit attributable to shareholders of RMB10.22 billion for the first quarter ended 31 March 2026. Th...
CITIC Securities Posts Strong Preliminary Q1 2026 Earnings Surge
Apr 9, 2026
CITIC Limited has alerted investors to the strong preliminary first-quarter 2026 results of its key subsidiary, CITIC Securities, which reports under China Accounting Standards and has yet to undergo an external audit. The disclosure, made under H...
CITIC Issues Supplemental Note Clarifying Status of 2024–2025 Financial Results
Mar 27, 2026
CITIC Limited issued a supplemental announcement to its 2025 annual results release, clarifying that certain financial figures for 2024 and 2025 were preliminary and derived from the group’s statutory consolidated financial statements, rathe...
CITIC Declares Final 2025 Dividend of RMB 0.385 Per Share
Mar 27, 2026
CITIC Limited has declared a final ordinary dividend of RMB 0.385 per share for the financial year ended 31 December 2025, subject to shareholder approval at the annual general meeting scheduled for 26 June 2026. The dividend offers shareholders a...
CITIC Reshapes Nomination Committee as Gregory Curl Resigns and Chen Yuyu Steps Up
Mar 27, 2026
CITIC Limited announced that independent non-executive director Gregory Lynn Curl will resign from the board and its Nomination Committee with effect from March 27, 2026, after seven years of service to focus on personal affairs, with both parties...
CITIC Unveils Board Line-Up and Committee Roles to Bolster Governance
Mar 27, 2026
CITIC Limited has announced the current composition of its board of directors, led by Chairman Xi Guohua and Vice Chairman and President Zhang Wenwu, alongside executive, non-executive, and independent non-executive members. The line-up underscore...
CITIC Flags Release of 2025 Audited Results for Key Securities Subsidiary
Mar 26, 2026
CITIC Limited has announced that CITIC Securities Company Limited, its consolidated securities subsidiary, has released its audited annual results for the year ended 31 December 2025. The disclosure underscores the importance of CITIC Securities&#...
China CITIC Bank Releases 2025 Results and Proposes Stable Cash Dividend
Mar 20, 2026
CITIC Limited has announced that its key subsidiary, China CITIC Bank, has released audited annual results for the year ended 31 December 2025, prepared under Hong Kong listing disclosure standards and reviewed by its audit committee. The full ann...
CITIC Sets March Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 16, 2026
CITIC Limited has scheduled a board meeting for 27 March 2026 to approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025, and to authorise their publication. The board will also consider recomme...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.