CHINA GRAND AUTOMOTIVE SERVICES GROUP CO.,LTD Financials China Grand Automotive Services Group Co.,Ltd
Equities
600297
CNE000001576
Auto & Truck Manufacturers
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.45 CNY | +2.11% |
|
+1.40% | -15.70% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 26,602 | 23,195 | 21,465 | 16,883 | 13,723 | 11,569 | - |
| Enterprise Value (EV) 1 | 55,572 | 53,369 | 53,644 | 54,786 | 52,520 | 40,131 | 39,968 |
| P/E ratio | 10.2 x | 15.1 x | 13.4 x | -6.36 x | 34.4 x | 9.06 x | 8.68 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.16 x | 0.15 x | 0.14 x | 0.13 x | 0.1 x | 0.09 x | 0.09 x |
| EV / Revenue | 0.33 x | 0.34 x | 0.34 x | 0.41 x | 0.38 x | 0.31 x | 0.32 x |
| EV / EBITDA | 5.92 x | 13.4 x | 11.9 x | -171 x | 19.4 x | 6.38 x | 6.3 x |
| EV / FCF | 7,875,464 x | - | -60,820,969 x | - | - | - | - |
| FCF Yield | 0% | - | -0% | - | - | - | - |
| Price to Book | 0.7 x | 0.58 x | 0.53 x | 0.45 x | 0.37 x | 0.28 x | 0.27 x |
| Nbr of stocks (in thousands) | 8,159,979 | 8,110,302 | 8,039,504 | 8,039,719 | 7,978,570 | 7,978,581 | - |
| Reference price 2 | 3.260 | 2.860 | 2.670 | 2.100 | 1.720 | 1.450 | 1.450 |
| Announcement Date | 4/28/20 | 3/31/21 | 4/27/22 | 4/17/23 | 4/24/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 170,456 | 158,442 | 158,437 | 133,544 | 137,998 | 130,333 | 124,804 |
| EBITDA 1 | 9,391 | 3,976 | 4,497 | -320.5 | 2,708 | 6,293 | 6,339 |
| EBIT 1 | 4,530 | 2,317 | 2,906 | -2,289 | 966.1 | 4,170 | 4,066 |
| Operating Margin | 2.66% | 1.46% | 1.83% | -1.71% | 0.7% | 3.2% | 3.26% |
| Earnings before Tax (EBT) 1 | 4,547 | 2,354 | 2,915 | -2,376 | 958.9 | 1,844 | - |
| Net income 1 | 2,601 | 1,516 | 1,609 | -2,669 | 392.5 | 1,238 | - |
| Net margin | 1.53% | 0.96% | 1.02% | -2% | 0.28% | 0.95% | - |
| EPS 2 | 0.3200 | 0.1900 | 0.2000 | -0.3300 | 0.0500 | 0.1600 | 0.1670 |
| Free Cash Flow | 7,056 | - | -882 | - | - | - | - |
| FCF margin | 4.14% | - | -0.56% | - | - | - | - |
| FCF Conversion (EBITDA) | 75.14% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 271.32% | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 4/28/20 | 3/31/21 | 4/27/22 | 4/17/23 | 4/24/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 |
|---|---|---|---|---|---|
| Net sales 1 | - | 37,185 | - | 30,625 | 35,737 |
| EBITDA | - | 1,516 | - | - | - |
| EBIT 1 | - | 213.7 | - | 406.7 | 208.8 |
| Operating Margin | - | 0.57% | - | 1.33% | 0.58% |
| Earnings before Tax (EBT) | - | 199.9 | - | - | - |
| Net income | 501 | -18.66 | - | - | - |
| Net margin | - | -0.05% | - | - | - |
| EPS 2 | - | -0.000500 | - | 0.0200 | 0.000500 |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 8/28/20 | 4/27/22 | 5/25/22 | 8/25/22 | 10/27/22 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 28,970 | 30,174 | 32,179 | 37,903 | 38,797 | 28,562 | 28,399 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.085 x | 7.589 x | 7.156 x | -118.3 x | 14.33 x | 4.539 x | 4.48 x |
| Free Cash Flow | 7,056 | - | -882 | - | - | - | - |
| ROE (net income / shareholders' equity) | 6.99% | 3.87% | 3.91% | -6.61% | 1.01% | 3.28% | 3.17% |
| ROA (Net income/ Total Assets) | 1.83% | 1.05% | 1.11% | - | - | - | - |
| Assets 1 | 141,805 | 144,492 | 144,676 | - | - | - | - |
| Book Value Per Share 2 | 4.670 | 4.900 | 5.050 | 4.690 | 4.700 | 5.190 | 5.360 |
| Cash Flow per Share 2 | 0.9600 | 0.5200 | 0.2200 | -0.3800 | 0.4200 | 0.6200 | 0.6200 |
| Capex 1 | 804 | 1,294 | 1,200 | 879 | 497 | 2,009 | 1,997 |
| Capex / Sales | 0.47% | 0.82% | 0.76% | 0.66% | 0.36% | 1.54% | 1.6% |
| Announcement Date | 4/28/20 | 3/31/21 | 4/27/22 | 4/17/23 | 4/24/24 | - | - |
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
D+
Sell
Buy
Mean consensus
SELL
Number of Analysts
2
Last Close Price
1.45
CNY
Average target price
1.525
CNY
Spread / Average Target
+5.17%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.70% | 1.6B | |
| +3.01% | 9.11B | |
| -21.91% | 1.43B | |
| +6.68% | 790M | |
| +14.15% | 397M | |
| +22.64% | 121M | |
| 0.00% | 76.21M |
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- Financials China Grand Automotive Services Group Co.,Ltd
