CITIC (0267) AI Stock Analysis

• Market Cap: $338.32B
• Dividend Yield: 5.16%
• Average Volume (3M): 27.08M
• Price to Earnings (P/E): 5.4
• Beta (1Y): 1.01
• Revenue Growth: 8.48%
• EPS Growth: -1.70%
• Country: HK
• Employees: 190,763
• Sector: Industrials
• Sector Strength: 78
• Industry: Conglomerates
• EPS (TTM): 2.16
• Shares Outstanding: 29,090,264,000
• 10 Day Avg. Volume: 20,813,781
• 30 Day Avg. Volume: 27,079,501
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 10.55
• Enterprise Value/Revenue: 3.88
• Enterprise Value/Gross Profit: 7.97
• Enterprise Value/Ebitda: 13.07
• 1Y Price Target: $12.53
• Price Target Upside: 7.43% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: HK$12.50 ▲(7.20% Upside)

CITIC's solid financial performance is bolstered by strong revenue growth and operational efficiency, but high debt and negative cash flow raise concerns. The stock’s attractive valuation and technical strength support a positive outlook, though overbought signals suggest caution in the short term.

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, securities trading and lending, and asset management services; financial, wealth management, and trust services; and life, health, and accident insurance, as well as reinsurance products. It also engages in the exploration, development, and production of oil; coal mining; import and export of commodities; aluminum smelting; bauxite mining; alumina refining; manganese mining and processing; development of iron ore mine; production of copper and ferroniobium; and operation of coal-fired power stations. In addition, the company manufactures special steel, bars, plates, steel tubes, forged steel, wires, and casting billets. Further, it provides engineering contracting services for infrastructure, housing, municipal, and industrial facilities, as well as agriculture, energy, and resources sectors; and engineering services in the areas of urban development and environmental protection. Additionally, the company engages in the urban renewal and development projects, including residential properties; provision of telecommunication services; and healthcare and electrical products. The company was formerly known as CITIC Pacific Limited and changed its name to CITIC Limited in August 2014. The company was founded in 1987 and is based in Central, Hong Kong.

How the Company Makes Money

CITIC makes money through a diversified revenue model that spans several key sectors. The financial services segment, which includes banking, insurance, and securities, is a significant contributor to its revenue, with income generated from interest, fees, and commissions. The resources and energy sector provides revenue through the exploration, production, and sale of energy commodities like oil and coal. In manufacturing, CITIC earns from the production and sale of specialty steel and aluminum products. Additionally, the company's engineering contracting arm generates income through infrastructure development projects both within China and internationally. Real estate operations contribute through the sale and leasing of properties. Strategic partnerships and joint ventures also play a crucial role in enhancing CITIC's earnings, providing avenues for expansion and diversification in both domestic and international markets.

CITIC Financial Statement Overview

Summary

CITIC demonstrates strong revenue growth and operational efficiency with healthy profit margins. However, high debt levels and negative free cash flows pose significant risks, indicating potential liquidity challenges despite a stable capital structure.

Income Statement

CITIC has shown strong growth in revenue over the years with a notable increase in total revenue from 2020 to 2024. The gross profit margin remained healthy, although it decreased slightly in 2024 compared to previous years. The net profit margin improved in 2024, indicating better cost management and profitability. EBIT and EBITDA margins also reflect robust operational efficiency, although there was a decline in EBIT margin in 2024.

Balance Sheet

The company maintains a high debt-to-equity ratio, suggesting significant leverage, which could pose risks in economic downturns. However, the equity ratio has been stable, reflecting a solid capital structure. Return on equity (ROE) showed a decline in 2024, indicating reduced profitability for shareholders. Overall, the balance sheet shows stability but with potential risks due to high leverage.

Cash Flow

CITIC's cash flow position is concerning, with consistently negative free cash flow over the years, highlighting potential liquidity issues. The operating cash flow to net income ratio is negative, indicating that the company is struggling to generate cash from its operations. The free cash flow to net income ratio is also negative, underscoring inefficiencies in converting earnings into cash.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	949.69B	752.32B	771.13B	708.94B	552.95B
Gross Profit	322.38B	182.01B	357.71B	311.41B	276.64B
EBITDA	173.34B	164.77B	168.22B	134.23B	114.15B
Net Income	58.20B	63.49B	73.53B	70.22B	56.63B
Balance Sheet
Total Assets	12.08T	12.49T	11.79T	10.69T	9.74T
Cash, Cash Equivalents and Short-Term Investments	1.30T	1.94T	1.05T	1.00T	1.09T
Total Debt	2.56T	2.50T	3.52T	3.28T	2.95T
Total Liabilities	10.65T	11.02T	10.41T	9.52T	8.73T
Stockholders Equity	757.49B	775.17B	737.25B	751.41B	674.28B
Cash Flow
Free Cash Flow	-94.37B	-47.10B	-110.86B	-158.37B	303.92B
Operating Cash Flow	-65.72B	-25.08B	-87.29B	-133.88B	324.80B
Investing Cash Flow	-106.17B	-38.28B	54.21B	-224.78B	-263.05B
Financing Cash Flow	193.82B	-11.06B	75.93B	224.25B	35.26B

CITIC Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 11.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0267, the sentiment is Neutral. The current price of 11.66 is below the 20-day moving average (MA) of 11.85, above the 50-day MA of 11.24, and above the 200-day MA of 9.46, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 52.44 is Neutral, neither overbought nor oversold. The STOCH value of 35.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0267.

CITIC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0267	72 Outperform	$338.32B	5.36	7.93%	5.16%	8.48%	-1.70%
Sector *	71 Outperform	¥267.71B	14.94	8.32%	2.77%	6.08%	11.04%
BJINF	―	$5.29B	7.04		5.20%	―	―
CKHUF	―	$25.17B	25.36	1.42%	4.23%	―	―
FOSUF	―	$5.77B	43.65	-3.59%	0.51%	―	―
GULRF	―	$3.08B	6.16	6.40%	4.43%	―	―
SWRAF	―	$11.10B	73.49	0.47%	4.95%	―	―

CITIC Corporate Events

CITIC Limited Announces AGM Results and Dividend Declaration

CITIC Limited successfully held its Annual General Meeting on June 25, 2025, where all proposed resolutions were approved by shareholders through poll voting. The meeting saw the re-election of several directors, indicating continuity in leadership and strategic direction. Additionally, the company declared a final dividend of RMB0.36 per ordinary share for the year ended December 31, 2024, reflecting its commitment to returning value to shareholders.

The most recent analyst rating on (HK:0267) stock is a Buy with a HK$11.25 price target. To see the full list of analyst forecasts on CITIC stock, see the HK:0267 Stock Forecast page.

CITIC Limited Updates Final Dividend for 2024

CITIC Limited announced an updated final cash dividend for the year ending December 31, 2024, amounting to RMB 0.36 per share, with an option to receive the dividend in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.09494. This announcement reflects CITIC’s commitment to providing shareholder value and may influence investor sentiment positively, as it demonstrates the company’s financial stability and ability to generate returns for its shareholders.

The most recent analyst rating on (HK:0267) stock is a Buy with a HK$11.25 price target. To see the full list of analyst forecasts on CITIC stock, see the HK:0267 Stock Forecast page.

CITIC’s Sino Iron Project Secures Key Approval for Continued Operations

CITIC Limited has announced that the Sino Iron Project, a key initiative in resource extraction, has received unconditional ministerial approval from the State of Western Australia for its 2023 Mine Continuation Proposals. This approval allows the project to extend its mining operations and storage facilities, ensuring continued operations for an interim period, which is crucial for maintaining its strategic position in the industry.

The most recent analyst rating on (HK:0267) stock is a Buy with a HK$11.25 price target. To see the full list of analyst forecasts on CITIC stock, see the HK:0267 Stock Forecast page.

CITIC Limited Announces Virtual AGM and Dividend Declaration

CITIC Limited has announced its Annual General Meeting (AGM) to be held virtually on June 25, 2025. The agenda includes receiving the audited financial statements for 2024, declaring a final dividend of RMB0.36 per share, re-electing multiple directors, and re-appointing KPMG as the company’s auditor. Additionally, a resolution will be considered to grant the directors a mandate to issue additional shares.

The most recent analyst rating on (HK:0267) stock is a Buy with a HK$11.25 price target. To see the full list of analyst forecasts on CITIC stock, see the HK:0267 Stock Forecast page.

CITIC Limited Updates Final Dividend Announcement for 2024

CITIC Limited announced an update regarding its final dividend for the year ended 31 December 2024. The company declared a dividend of RMB 0.36 per share, with the option for shareholders to receive payment in Hong Kong dollars. The Annual General Meeting, initially scheduled, has been postponed due to other important work arrangements, impacting the timeline for shareholder approval and dividend distribution.

The most recent analyst rating on (HK:0267) stock is a Buy with a HK$11.25 price target. To see the full list of analyst forecasts on CITIC stock, see the HK:0267 Stock Forecast page.

CITIC Limited Reschedules 2025 AGM and Adjusts Shareholder Entitlement Dates

CITIC Limited has announced a change in the schedule for its 2025 Annual General Meeting (AGM), initially set for June 19, 2025, now rescheduled to June 25, 2025, due to other important work arrangements. Consequently, the record date and book closure periods for shareholders’ entitlements to attend the AGM and receive the 2024 Final Dividend have also been adjusted, with new deadlines for share transfer documents and dividend currency election forms.

The most recent analyst rating on (HK:0267) stock is a Buy with a HK$11.25 price target. To see the full list of analyst forecasts on CITIC stock, see the HK:0267 Stock Forecast page.