China CITIC Financial Asset Management Co (HKSE:02799) GF Value Rank : 4 (As of May. 25, 2024)

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What is China CITIC Financial Asset Management Co GF Value Rank?

China CITIC Financial Asset Management Co has the GF Value Rank of 4.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of China CITIC Financial Asset Management Co's GF Value Rank

For the Asset Management subindustry, China CITIC Financial Asset Management Co's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China CITIC Financial Asset Management Co's GF Value Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China CITIC Financial Asset Management Co's GF Value Rank distribution charts can be found below:

* The bar in red indicates where China CITIC Financial Asset Management Co's GF Value Rank falls into.

China CITIC Financial Asset Management Co GF Value Rank Related Terms

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China CITIC Financial Asset Management Co (HKSE:02799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China CITIC Financial Asset Management Co Ltd (HKSE:02799) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

CHE:Germany

Address

No. 8, Financial Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.chamc.com.cn

China Huarong Asset Management Co Ltd operates as an asset manager and provides financial services. It has three segments. Its distressed asset management segment includes policy-related DES asset management business based on the commercial buy-out of the company, special situations investments business, distressed asset-based property development business as well as market-oriented DES business of the group. The financial services segment mainly includes securities and futures business, financial leasing business, and banking services business. Asset management and investment segment mainly includes trust business, international business and other business. It derives the majority of its revenues through its distressed asset management services.

Executives

China Life Franklin Asset Management Co., Limited	2102 Investment manager
China Life Insurance (group) Company	2101 Beneficial owner
China Cinda Asset Management Co., Ltd.	2101 Beneficial owner
Gong Yin Jin Rong Zi Chan Tou Zi You Xian Gong Si	2101 Beneficial owner
Zhong Guo Gong Shang Yin Hang Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Quan Guo She Hui Bao Zhang Ji Jin Li Shi Hui	2101 Beneficial owner
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Warburg Pincus Xi, L.p.	2201 Interest of corporation controlled by you
Wp Xi International Ii Ltd	2201 Interest of corporation controlled by you
Wp Global Llc	2201 Interest of corporation controlled by you
Warburg Pincus Private Equity Xi, L.p.	2201 Interest of corporation controlled by you
Warburg Pincus & Co.	2201 Interest of corporation controlled by you
Sino-ocean Group Holding Limited	2201 Interest of corporation controlled by you
Wisdom City Enterprises Limited	2201 Interest of corporation controlled by you
Sol Investment Fund Lp	2201 Interest of corporation controlled by you

China CITIC Financial Asset Management Co (HKSE:02799) Headlines

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