GUANGZHOU AUTOMOBILE GROUP CO., LTD. Financials Guangzhou Automobile Group Co., Ltd.
Equities
2238
CNE100000Q35
Auto & Truck Manufacturers
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.25 HKD | +2.52% |
|
+4.50% | -10.47% |
| Apr. 26 | Guangzhou Automobile Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 22 | Chinese Automobile Exports Jump 33% in Q1 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 110,293 | 118,675 | 129,707 | 95,508 | 74,972 | 73,378 | - | - |
| Enterprise Value (EV) 1 | 91,731 | 105,224 | 121,684 | 75,294 | 53,708 | 52,549 | 43,158 | 43,128 |
| P/E ratio | 13.3 x | 12.5 x | 8.58 x | - | 7.86 x | 5.5 x | 5.24 x | 5.15 x |
| Yield | 2.31% | 2.48% | 3.51% | - | 4.55% | 5.5% | 6.18% | 6.85% |
| Capitalization / Revenue | 1.86 x | 1.89 x | 1.73 x | 0.87 x | 0.58 x | 0.49 x | 0.43 x | 0.41 x |
| EV / Revenue | 1.55 x | 1.68 x | 1.62 x | 0.69 x | 0.42 x | 0.35 x | 0.26 x | 0.24 x |
| EV / EBITDA | 9.32 x | 9.95 x | 9.59 x | 5.42 x | 5.62 x | 4 x | 6.41 x | 5.22 x |
| EV / FCF | -8.79 x | -11.2 x | -10.4 x | -5.69 x | -11.4 x | -31.8 x | -31.3 x | -38 x |
| FCF Yield | -11.4% | -8.9% | -9.62% | -17.6% | -8.77% | -3.14% | -3.2% | -2.63% |
| Price to Book | 1.11 x | 0.89 x | 0.71 x | - | - | 0.26 x | 0.25 x | 0.24 x |
| Nbr of stocks (in thousands) | 10,237,708 | 10,340,032 | 10,358,187 | 10,463,958 | 10,488,743 | 10,486,904 | - | - |
| Reference price 2 | 8.669 | 7.255 | 6.266 | 4.646 | 3.299 | 3.008 | 3.008 | 3.008 |
| Announcement Date | 3/31/20 | 3/25/21 | 3/30/22 | 3/29/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 59,234 | 62,717 | 75,110 | 109,335 | 128,757 | 133,689 | 169,018 | 180,668 |
| EBITDA 1 | 9,847 | 10,575 | 12,695 | 13,891 | 9,560 | 13,150 | 15,139 | 8,265 |
| EBIT 1 | 5,682 | 5,638 | 7,145 | 7,456 | 3,283 | -4,720 | -2,765 | -2,012 |
| Operating Margin | 9.59% | 8.99% | 9.51% | 6.82% | 2.55% | -3.53% | -1.64% | -1.11% |
| Earnings before Tax (EBT) 1 | 6,294 | 5,695 | 7,237 | 7,463 | 3,525 | 5,178 | 5,543 | 5,514 |
| Net income 1 | 6,618 | 5,966 | 7,335 | 8,068 | 4,429 | 5,649 | 5,944 | 6,227 |
| Net margin | 11.17% | 9.51% | 9.77% | 7.38% | 3.44% | 4.23% | 3.52% | 3.45% |
| EPS 2 | 0.6500 | 0.5800 | 0.7300 | - | 0.4200 | 0.5465 | 0.5737 | 0.5844 |
| Free Cash Flow 1 | -10,438 | -9,370 | -11,707 | -13,221 | -4,710 | -1,652 | -1,380 | -1,136 |
| FCF margin | -17.62% | -14.94% | -15.59% | -12.09% | -3.66% | -1.24% | -0.82% | -0.63% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2000 | 0.1800 | 0.2200 | - | 0.1500 | 0.1654 | 0.1858 | 0.2061 |
| Announcement Date | 3/31/20 | 3/25/21 | 3/30/22 | 3/29/23 | 3/28/24 | - | - | - |
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 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 31,353 | 25,642 | 37,515 | 34,572 | 19,993 | 41,104 | 23,145 | 25,421 | 48,689 | 31,678 | 29,359 | 26,393 | 35,518 | 36,069 | 31,101 | 33,905 | 35,786 | 68,941 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | -2,015 | -2,360 | 1,951 | -2,637 | 2,854 | -1,440 | - | 2,102 | -382.8 | 1,145 | -1,476 | 1,480 | -582.6 | -1,795 | -1,179 | -2,508 | - | - |
| Operating Margin | - | - | -5.37% | -6.83% | 9.76% | -6.41% | 12.33% | -5.67% | - | 6.64% | -1.3% | 4.34% | -4.16% | 4.1% | -1.87% | -5.3% | -3.3% | -3.64% | - | - |
| Earnings before Tax (EBT) | 1,316 | - | 3,442 | - | 2,035 | - | - | 2,888 | - | 2,098 | -380.2 | 1,153 | - | 1,477 | -321.9 | - | - | - | - | - |
| Net income | 1,698 | 2,318 | 3,646 | - | 2,051 | 3,175 | 3,009 | 2,742 | 5,751 | 2,312 | 6.018 | 1,538 | - | 1,545 | -81.91 | - | - | - | - | - |
| Net margin | 5.41% | 9.04% | 9.72% | - | 10.26% | 7.72% | 13% | 10.79% | 11.81% | 7.3% | 0.02% | 5.83% | - | 4.28% | -0.26% | - | - | - | - | - |
| EPS 2 | 0.1700 | 0.2300 | 0.3500 | 0.4200 | 0.2200 | 0.3100 | 0.2900 | 0.2600 | 0.5500 | 0.2300 | - | - | 0.1300 | - | - | 0.1100 | 0.1300 | 0.1400 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.1542 | - | - |
| Announcement Date | 3/31/20 | 8/28/20 | 3/25/21 | 8/30/21 | 3/30/22 | 3/30/22 | 4/27/22 | 8/30/22 | 8/30/22 | 10/27/22 | 3/29/23 | 4/28/23 | 8/25/23 | 10/26/23 | 3/28/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 18,561 | 13,451 | 8,023 | 20,213 | 21,264 | 20,829 | 30,220 | 30,250 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -10,438 | -9,370 | -11,707 | -13,221 | -4,710 | -1,652 | -1,380 | -1,136 |
| ROE (net income / shareholders' equity) | 8.46% | 7.27% | 8.6% | 7.93% | 3.87% | 5.28% | 6.01% | 4.99% |
| ROA (Net income/ Total Assets) | 4.91% | 4.26% | 5.06% | 4.64% | 2.17% | 2.43% | 2.55% | 3.09% |
| Assets 1 | 134,777 | 140,109 | 145,073 | 174,002 | 204,116 | 232,040 | 233,167 | 201,554 |
| Book Value Per Share 2 | 7.830 | 8.150 | 8.810 | - | - | 11.40 | 12.00 | 12.30 |
| Cash Flow per Share 2 | -0.0400 | -0.2800 | -0.5400 | - | - | 0.6500 | 0.6200 | 0.8900 |
| Capex 1 | 10,057 | 6,483 | 6,118 | 7,873 | 11,437 | 6,623 | 7,924 | 6,347 |
| Capex / Sales | 16.98% | 10.34% | 8.15% | 7.2% | 8.88% | 4.41% | 4.69% | 3.51% |
| Announcement Date | 3/31/20 | 3/25/21 | 3/30/22 | 3/29/23 | 3/28/24 | - | - | - |
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
OUTPERFORM
Number of Analysts
19
Last Close Price
3.008
CNY
Average target price
4.411
CNY
Spread / Average Target
+46.63%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.47% | 10.13B | |
| +8.96% | 94.79B | |
| +12.39% | 87.34B | |
| -0.75% | 84.51B | |
| +24.83% | 76.07B | |
| +23.31% | 47.89B | |
| +18.20% | 34.02B | |
| +12.34% | 23.85B | |
| -1.54% | 19.82B | |
| +49.97% | 11.99B |
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- Financials Guangzhou Automobile Group Co., Ltd.
