GREAT WALL MOTOR COMPANY LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.94 HKD | +2.05% |
|
+15.47% | +17.75% |
| Apr. 25 | Hong Kong Shares Mark Four-Day Win on Bullish China Bets; China Overseas Land Surges 6% on Upbeat Q1 | MT |
| Apr. 25 | Great Wall Motor Shares Jump on Surging Profit, Revenue | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 69,285 | 299,036 | 365,573 | 203,945 | 176,374 | 187,669 | - | - |
| Enterprise Value (EV) 1 | 65,128 | 303,126 | 353,530 | 197,915 | 167,377 | 168,341 | 171,966 | 161,203 |
| P/E ratio | 10.5 x | 38.6 x | 29.9 x | 9.86 x | 11.2 x | 10.3 x | 8.64 x | 7.57 x |
| Yield | 4.86% | 1.25% | 1.69% | 3.34% | 3.26% | 4.25% | 4.88% | 5.66% |
| Capitalization / Revenue | 0.73 x | 2.89 x | 2.68 x | 1.48 x | 1.02 x | 0.87 x | 0.74 x | 0.66 x |
| EV / Revenue | 0.68 x | 2.93 x | 2.59 x | 1.44 x | 0.97 x | 0.78 x | 0.68 x | 0.57 x |
| EV / EBITDA | 6.94 x | 28.9 x | 30.1 x | 14 x | 11.5 x | 9.68 x | 8.6 x | 7.17 x |
| EV / FCF | 9.26 x | -117 x | 15.5 x | -49.6 x | 110 x | 20.1 x | 12 x | 9.02 x |
| FCF Yield | 10.8% | -0.86% | 6.46% | -2.02% | 0.91% | 4.97% | 8.33% | 11.1% |
| Price to Book | 0.87 x | 3.58 x | 3.25 x | 1.12 x | 1.14 x | 1.25 x | 1.14 x | 1.02 x |
| Nbr of stocks (in thousands) | 9,127,269 | 9,175,953 | 9,235,467 | 8,645,413 | 8,456,737 | 8,503,775 | - | - |
| Reference price 2 | 5.148 | 22.39 | 21.84 | 8.973 | 9.216 | 11.05 | 11.05 | 11.05 |
| Announcement Date | 2/21/20 | 1/25/21 | 2/8/22 | 2/2/23 | 1/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 95,108 | 103,308 | 136,405 | 137,340 | 173,212 | 215,192 | 251,928 | 284,440 |
| EBITDA 1 | 9,391 | 10,503 | 11,727 | 14,128 | 14,518 | 17,398 | 20,001 | 22,482 |
| EBIT 1 | 4,777 | 5,752 | 6,369 | 7,967 | 7,201 | 9,581 | 11,553 | 13,360 |
| Operating Margin | 5.02% | 5.57% | 4.67% | 5.8% | 4.16% | 4.45% | 4.59% | 4.7% |
| Earnings before Tax (EBT) 1 | 5,101 | 6,227 | 7,482 | 8,807 | 7,824 | 10,711 | 12,559 | 14,613 |
| Net income 1 | 4,497 | 5,362 | 6,726 | 8,266 | 7,022 | 9,432 | 11,267 | 13,099 |
| Net margin | 4.73% | 5.19% | 4.93% | 6.02% | 4.05% | 4.38% | 4.47% | 4.61% |
| EPS 2 | 0.4922 | 0.5800 | 0.7300 | 0.9100 | 0.8200 | 1.074 | 1.279 | 1.461 |
| Free Cash Flow 1 | 7,032 | -2,599 | 22,843 | -3,990 | 1,525 | 8,358 | 14,329 | 17,878 |
| FCF margin | 7.39% | -2.52% | 16.75% | -2.9% | 0.88% | 3.88% | 5.69% | 6.29% |
| FCF Conversion (EBITDA) | 74.88% | - | 194.79% | - | 10.5% | 48.04% | 71.64% | 79.52% |
| FCF Conversion (Net income) | 156.37% | - | 339.61% | - | 21.71% | 88.61% | 127.17% | 136.49% |
| Dividend per Share 2 | 0.2500 | 0.2800 | 0.3700 | 0.3000 | 0.3000 | 0.4700 | 0.5391 | 0.6258 |
| Announcement Date | 2/21/20 | 1/25/21 | 2/8/22 | 2/2/23 | 1/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 54,791 | 35,929 | 67,378 | 61,928 | 45,607 | 74,476 | - | 28,515 | 62,134 | 37,346 | 37,860 | 75,206 | 29,039 | 40,933 | 69,971 | 49,532 | 53,709 | 103,241 | 42,860 | 40,805 | 56,083 | 71,193 |
| EBITDA | - | - | - | - | 926 | - | - | - | - | 4,329 | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 2,998 | - | 4,591 | 3,859 | 1,090 | 2,510 | - | 585.2 | 1,761 | 2,404 | -78.79 | 2,664 | -70.66 | 725.6 | 655 | 4,130 | 1,846 | 5,976 | 3,633 | 671.5 | 3,295 | 3,379 |
| Operating Margin | 5.47% | - | 6.81% | 6.23% | 2.39% | 3.37% | - | 2.05% | 2.83% | 6.44% | -0.21% | 3.54% | -0.24% | 1.77% | 0.94% | 8.34% | 3.44% | 5.79% | 8.48% | 1.65% | 5.87% | 4.75% |
| Earnings before Tax (EBT) 1 | 3,196 | - | 4,909 | 3,936 | 2,044 | - | - | - | 5,866 | 2,935 | 5.618 | 2,940 | 62.22 | 1,330 | 1,392 | 4,210 | 2,222 | 6,432 | 3,758 | 1,070 | 3,781 | 4,803 |
| Net income 1 | 2,980 | 1,146 | 4,216 | 3,529 | 1,781 | 3,197 | - | 3,967 | 5,601 | 2,560 | 105.7 | 2,666 | 174.2 | 1,187 | 1,361 | 3,634 | 2,027 | 5,660 | 3,228 | 909.4 | 3,036 | 4,260 |
| Net margin | 5.44% | 3.19% | 6.26% | 5.7% | 3.91% | 4.29% | - | 13.91% | 9.01% | 6.85% | 0.28% | 3.54% | 0.6% | 2.9% | 1.95% | 7.34% | 3.77% | 5.48% | 7.53% | 2.23% | 5.41% | 5.98% |
| EPS | 0.3260 | 0.1242 | 0.4560 | 0.3800 | 0.2000 | 0.3500 | 0.1800 | - | 0.6000 | 0.2800 | 0.0300 | 0.3100 | - | 0.1400 | 0.1600 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/21/20 | 7/24/20 | 1/25/21 | 7/20/21 | 2/8/22 | 2/8/22 | 4/22/22 | 8/30/22 | 8/30/22 | 10/21/22 | 2/2/23 | 2/2/23 | 4/21/23 | 8/30/23 | 8/30/23 | 10/27/23 | 1/24/24 | 1/24/24 | 4/24/24 | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 4,090 | - | - | - | - | - | - |
| Net Cash position 1 | 4,157 | - | 12,043 | 6,030 | 8,997 | 19,328 | 15,704 | 26,466 |
| Leverage (Debt/EBITDA) | - | 0.3894 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 7,032 | -2,599 | 22,843 | -3,990 | 1,525 | 8,358 | 14,329 | 17,878 |
| ROE (net income / shareholders' equity) | 8.45% | 9.58% | 11.3% | 12.7% | 10.6% | 13% | 13.8% | 14.3% |
| ROA (Net income/ Total Assets) | 3.99% | 4.02% | 4.08% | 4.58% | 3.63% | 4.14% | 4.45% | 4.45% |
| Assets 1 | 112,735 | 133,561 | 164,710 | 180,383 | 193,314 | 227,615 | 253,033 | 294,070 |
| Book Value Per Share 2 | 5.950 | 6.250 | 6.730 | 8.010 | 8.060 | 8.840 | 9.660 | 10.80 |
| Cash Flow per Share 2 | 1.530 | 0.5600 | 3.820 | 1.360 | 2.070 | 2.290 | 2.320 | 2.940 |
| Capex 1 | 6,785 | 7,780 | 12,473 | 15,859 | 16,229 | 12,938 | 11,039 | 10,407 |
| Capex / Sales | 7.13% | 7.53% | 9.14% | 11.55% | 9.37% | 6.01% | 4.38% | 3.66% |
| Announcement Date | 2/21/20 | 1/25/21 | 2/8/22 | 2/2/23 | 1/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
28
Last Close Price
11.05
CNY
Average target price
12.34
CNY
Spread / Average Target
+11.72%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.75% | 25.93B | |
| +40.44% | 302B | |
| +13.41% | 82.87B | |
| +1.66% | 72.08B | |
| +3.00% | 70.85B | |
| +23.60% | 53.87B | |
| +23.97% | 52.5B | |
| -0.33% | 50.9B | |
| +29.09% | 43.96B | |
| +23.34% | 39.79B |
- Stock Market
- Equities
- 2333 Stock
- Financials Great Wall Motor Company Limited
