What is the price-to-earnings ratio of CITIC?
The price-earnings ratio of CITIC is currently 3.33.
CITIC P/E 2024
CITIC P/E
3.33
Ticker
267.HK
ISIN
HK0267001375
WKN
870564
As of Oct 4, 2024, CITIC's P/E ratio was 3.33, a -27.29% change from the 4.58 P/E ratio recorded in the previous year.
The CITIC P/E history
CITIC Aktienanalyse
What does CITIC do?
CITIC Ltd is a Chinese holding company that was founded in 1979. The company's history is closely linked to the development of the Chinese economy. Originally, CITIC Ltd was established as the China International Trust and Investment Corporation to attract foreign investors and promote technology transfer. In the 1980s, CITIC Ltd led China into the era of market economy and was an important player in the opening-up policy. CITIC Ltd's business model is diverse and includes various sectors. The key divisions include finance, commodities, manufacturing, real estate, and infrastructure. In the finance sector, CITIC Ltd is one of the largest investment banks in China. It provides financial services such as investment banking, asset management, wealth accumulation, and insurance. CITIC Bank, which is owned by CITIC Ltd, is one of the largest banks in China. In the commodities sector, CITIC Ltd engages in the exploration and development of resources such as oil, gas, coal, ores, and other minerals. The company owns and operates several mines and oil fields and is also active in metallurgy and chemicals. CITIC Ltd's manufacturing division encompasses various industries such as machinery, electronics, and vehicle manufacturing. The company produces and distributes a variety of products including automobiles, cement, steel, chemicals, construction materials, and construction machinery. CITIC Ltd's real estate and infrastructure division is involved in the development, construction, and management of residential, commercial, industrial, and infrastructure projects. It owns a variety of properties including office buildings, shopping centers, hotels, and logistics parks. Some of the products offered by CITIC Ltd include CITIC Plaza, one of the tallest buildings in Guangzhou, China; CITIC Heavy Industry, a leading manufacturer of heavy machinery; CITIC Pacific Mining, a mining company focused on the exploration and production of iron, copper, and other minerals; and CITIC Securities, one of the largest securities firms in China. CITIC Ltd is also internationally active and has branches and partnerships in various parts of the world, including Hong Kong, New York, London, Singapore, South Korea, and Australia. Overall, CITIC Ltd is a versatile company with a wide product portfolio and a strong commitment to innovation and growth. The company's history reflects the development of the Chinese economy, and CITIC Ltd has played an important role in promoting China's economic development. CITIC ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/E Details
Deciphering CITIC's P/E Ratio
The Price to Earnings (P/E) Ratio of CITIC is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.
Year-to-Year Comparison
Assessing CITIC's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.
Impact on Investments
The P/E ratio of CITIC is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.
Interpreting P/E Ratio Fluctuations
Fluctuations in CITIC’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.
Frequently Asked Questions about CITIC stock
How has the price-earnings ratio of CITIC changed compared to last year?
The price-to-earnings ratio of CITIC has increased by -27.29% fallen (meaning "decreased" or "dropped") compared to last year.
What consequences does a high price-earnings ratio have for investors?
A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.
What does a low price-earnings ratio mean?
A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.
Is the price-earnings ratio of CITIC high compared to other companies?
Yes, the price-to-earnings ratio of CITIC is high compared to other companies.
How does an increase in the price-earnings ratio of CITIC affect the company?
An increase in the price-earnings ratio of CITIC would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.
How does a reduction in the price-to-earnings ratio of CITIC affect the company?
A decrease in the price-earnings ratio of CITIC would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.
What are some factors that influence the price-earnings ratio of CITIC?
Some factors that influence the price-earnings ratio of CITIC are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does CITIC pay?
Over the past 12 months, CITIC paid a dividend of 0.65 CNY . This corresponds to a dividend yield of about 7.53 %. For the coming 12 months, CITIC is expected to pay a dividend of 0.69 CNY.
What is the dividend yield of CITIC?
The current dividend yield of CITIC is 7.53 %.
When does CITIC pay dividends?
CITIC pays a quarterly dividend. This is distributed in the months of July, August, October, October.
How secure is the dividend of CITIC?
CITIC paid dividends every year for the past 23 years.
What is the dividend of CITIC?
For the upcoming 12 months, dividends amounting to 0.69 CNY are expected. This corresponds to a dividend yield of 8.07 %.
In which sector is CITIC located?
CITIC is assigned to the 'Industry' sector.
Wann musste ich die Aktien von CITIC kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of CITIC from 11/15/2024 amounting to 0.03 CNY, you needed to have the stock in your portfolio before the ex-date on 9/25/2024.
When did CITIC pay the last dividend?
The last dividend was paid out on 11/15/2024.
What was the dividend of CITIC in the year 2023?
In the year 2023, CITIC distributed 0.656 CNY as dividends.
In which currency does CITIC pay out the dividend?
The dividends of CITIC are distributed in CNY.
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Andere Kennzahlen von CITIC
Our stock analysis for CITIC Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of CITIC Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
