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← CockpitCompetitor Analysis › 6178.HK Everbright Securities Company Limited Class HOpen in the cockpit ↗

Everbright Securities Company Limited Class H6178.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Financials›Investment Banks/Brokers

Brokerage and asset-management arm of the state-owned China Everbright financial conglomerate.

≈ A state-affiliated Chinese full-service broker-dealerMomentum neutral 47
Mkt cap
$8.59B
US dollars, full cap
Free float
46%
of shares outstanding
$/day
$1.10M
20-day average traded
Fwd P/E
6.0×
forward earnings
ROIC−WACC
n/a
WACC 6.1%
Hurdle
n/a
no reverse DCF
Next earnings
140 days
26 Mar 2027
Close · HKDHK$6.65
1D-1.9%
1W+3.6%
1M-2.6%
3M-11.0%
6M-20.4%
YTD-25.2%
1Y-37.0%
ATR %3.0%
52w lowhigh38.6% off high

What Everbright Securities does

Brokerage and asset-management arm of the state-owned China Everbright financial conglomerate.

Income comes from commissions on client trades, interest on margin loans, underwriting fees and fund-management fees, so results track stock turnover and issuance. China Everbright Group, a state-owned financial conglomerate, is the main shareholder; these are the Hong Kong-listed H shares.

In one line: A state-affiliated Chinese full-service broker-dealer.

Products and services

  • Brokerage
  • Asset management
  • Investment banking
  • Futures

Customers

  • Retail and institutional investors
  • Corporate issuers

Where it sits in the supply chain

  • Financials
  • Capital markets
  • Brokerage, asset management…

What could go right

  • China trading volume recovery
  • Cross-sell with Everbright Bank

What could go wrong

  • Equity market cyclicality
  • Fee-rate competition

Moat: narrow (brand, distribution). China Everbright Group backing and branch network, but limited product differentiation.

Headquarters: Shanghai, China · Founded: 1996 · Employees: 7,763

Named competitors

Everbright Securities at a glance

Size Everbright Securities (6178.HK) is a Hong Kong Financials company (Investment Banks/Brokers) with a market value of $8.59B, the 182nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.65 on 6 Nov 2026.

Performance Over six months the shares fell 20.4%, against -7.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 21 in its peer set.

Growth Revenue grew 14.5% over the last twelve months (peer median +6.6%); the operating margin is 42.0% (peer median 35.6%).

Valuation It trades at 6.0× forward earnings against a peer median of 15.0× (3rd cheapest of 21).

Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 936178.HK 81
Six months, rebased to 100: Everbright Securities against the median of its 20 peers (local-currency closes).

Everbright Securities financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$19.5BHK$17.3BHK$15.1BHK$15.1BHK$17.0B
Revenue growth—+14%0%-11%—
Gross profitHK$15.1BHK$13.6BHK$11.6BHK$11.9BHK$14.0B
EBITDAHK$8.86BHK$8.01BHK$6.90BHK$6.47BHK$7.31B
Net incomeHK$4.36BHK$3.64BHK$2.89BHK$4.29BHK$3.29B
Free cash flowHK$2.38BHK$5.24B-HK$12.1BHK$3.35BHK$28.4B
Capital expenditureHK$345MHK$292MHK$403MHK$559MHK$333M
Total debtn/aHK$151BHK$152BHK$134BHK$124B

Quarterly statements and history in the cockpit →

Everbright Securities competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%601901SAVEVIRTASXXPMCX006800600958INVPHLIJEF601456EVRALLFGSNEXFRHC005940X6178.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Everbright Securities is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%20×40×601901SAVEVIRTASXXPMCX006800600958INVPHLIJEFEVRSNEXFRHC005940SQN600918X6178.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Everbright Securities is the large dot.

Everbright Securities competitors and peer comparison

Head to head with its named competitors (6178.HK vs 6806.HK vs 6881.HK vs 3958.HK)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Everbright Securities 6178.HK$8.59B-20%+15%42%6.0×n/a
Shenwan Hongyuan 6806.HK$15.4B-26%-22%31%4.5×n/a
China Galaxy Securities 6881.HK$15.7B-20%+17%55%4.6×n/a
Orient Securities 3958.HK$10.1B-13%+21%40%5.9×n/a
Guotai Haitong Securities 2611.HK$39.8B-6%+38%69%6.0×n/a

How Everbright Securities compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Everbright Securities against its 20 peers (data as of 6 Nov 2026)
Measure6178.HKPeer medianRank in peer set
1-month return-2.6%+2.9%6th lowest of 21
6-month return-20.4%-7.1%5th lowest of 21
Distance from 52-week high-38.6%-25.2%5th lowest of 21
Revenue growth (TTM)+14.5%+6.6%8th highest of 21
Operating margin42.0%35.6%8th highest of 21
Forward P/E6.0×15.0×3rd cheapest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Everbright Securities 6178.HKHong Kong$8.59B-20%+15%42%6.0×n/an/a
Founder Securities 601901.SSChina$8.52B-4%-21%47%11.7×n/an/a
Nordnet SAVE.STSweden$8.70B+13%+11%58%23.7×n/an/a
Virtu Financial VIRTUnited States$8.37B+5%+28%38%7.8×n/an/a
ASX ASX.AXAustralia$9.02B+15%+3%65%24.2×n/an/a
XP Inc. Class A XPUnited States$7.83B-21%+17%32%6.7×n/an/a
Multi Commodity Exchange of India MCX.NSIndia$9.51B+16%+122%79%50.8×n/an/a
Mirae Asset Sec 006800.KSSouth Korea$7.57B-66%+5%114%4.0×n/an/a
Orient Securities 600958.SSChina$10.00B-10%-5%28%11.1×n/an/a
Investec INVP.LUnited Kingdom$7.34B+3%-4%37%7.1×n/an/a
Houlihan Lokey HLIUnited States$10.1B-5%0%20%18.0×n/an/a
Jefferies Financial JEFUnited States$10.9B-11%+26%41%11.3×n/an/a
Guolian Minsheng Securities 601456.SSChina$6.75B-13%+9%25%20.1×n/an/a
Evercore EVRUnited States$10.9B-17%+37%22%14.2×n/an/a
Allfunds ALLFG.ASNetherlands$6.69B+18%+1%43%20.5×n/an/a
StoneX SNEXUnited States$6.55B-33%+21%2%13.0×n/an/a
Freedom FRHCUnited States$11.4B+28%+8%29%39.7×n/an/a
NHIS 005940.KSSouth Korea$6.46B-32%+156%34%5.2×n/an/a
Swissquote SQN.SWSwitzerland$6.33B-13%+4%44%15.9×n/an/a
Zhongtai Securities 600918.SSChina$6.31B-12%-4%21%17.1×n/an/a
TMX X.TOCanada$12.1B+10%+4%28%22.8×n/an/a

Questions

Who are Everbright Securities's main competitors?
Named competitors: Shenwan Hongyuan (6806.HK), China Galaxy Securities (6881.HK), Orient Securities (3958.HK), Guotai Haitong (2611.HK). The cockpit's measured peer set (industry) also includes Founder Securities (601901.SS), Nordnet (SAVE.ST), Virtu Financial (VIRT), ASX (ASX.AX), XP Inc. Class A (XP), Multi Commodity Exchange of India (MCX.NS).
Is Everbright Securities expensive compared with its peers?
On forward p/e it trades at 6.0× against a peer median of 15.0×, 3rd cheapest of 21 in its peer set.
How has Everbright Securities stock performed?
Over six months to 6 Nov 2026 the shares returned -20.4% against -7.1% for the median peer; over one year -37.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.