Projected Income Statement: SAIC Motor Corporation Limited

Forecast Balance Sheet: SAIC Motor Corporation Limited

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 -48,409 -38,671 -27,598 -8,471 -64,222 -93,970 -86,494 -81,610
Change - 20.12% 28.63% 69.31% -658.14% -46.32% 7.96% 5.65%
Announcement Date 3/25/21 4/29/22 4/28/23 3/29/24 4/29/25 - - -
1CNY in Million
Estimates

Cash Flow Forecast: SAIC Motor Corporation Limited

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 14,214 16,654 20,516 19,031 19,804 21,916 22,895 25,093
Change - 17.16% 23.19% -7.24% 4.06% 10.66% 4.47% 9.6%
Free Cash Flow (FCF) 1 23,304 4,962 -11,011 23,303 49,463 14,394 2,896 3,624
Change - -78.71% -321.91% 311.63% 112.26% -70.9% -79.88% 25.14%
Announcement Date 3/25/21 4/29/22 4/28/23 3/29/24 4/29/25 - - -
1CNY in Million
Estimates

Forecast Financial Ratios: SAIC Motor Corporation Limited

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 6.91% 7.57% 5.83% 6.09% 4.77% 5.08% 5.18% 5.4%
EBIT Margin (%) 4.92% 5.45% 3.61% 3.57% 1.69% 2.63% 3.06% 3.32%
EBT Margin (%) 4.96% 5.47% 3.89% 3.58% 1.71% 2.72% 3.12% 3.4%
Net margin (%) 2.83% 3.23% 2.24% 1.94% 0.27% 1.55% 1.82% 1.99%
FCF margin (%) 3.22% 0.65% -1.53% 3.21% 8.05% 2.22% 0.43% 0.52%
FCF / Net Income (%) 114.06% 20.23% -68.32% 165.2% 2,968.32% 142.77% 23.61% 26.12%

Profitability

        
ROA 2.31% 2.67% - 3.17% - 1.22% 1.4% 1.37%
ROE 8.02% 9.19% 5.84% 4.98% 0.58% 3.55% 4.45% 4.48%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 1.97% 2.19% 2.85% 2.62% 3.23% 3.37% 3.41% 3.6%
CAPEX / EBITDA (%) 28.46% 28.97% 48.79% 43.05% 67.57% 66.43% 65.74% 66.62%
CAPEX / FCF (%) 60.99% 335.61% -186.32% 81.67% 40.04% 152.25% 790.57% 692.4%

Items per share

        
Cash flow per share 1 3.211 1.85 0.8135 3.623 5.984 3.782 0.6974 3.29
Change - -42.39% -56.03% 345.41% 65.15% -36.79% -81.56% 371.75%
Dividend per Share 1 0.62 0.682 0.337 0.369 0.088 0.3843 0.4166 0.4772
Change - 10% -50.59% 9.5% -76.15% 336.72% 8.41% 14.54%
Book Value Per Share 1 22.26 23.43 23.9 24.51 24.87 26.33 26.99 28.48
Change - 5.26% 1.99% 2.54% 1.47% 5.89% 2.49% 5.53%
EPS 1 1.752 2.12 1.4 1.226 0.145 0.8936 1.08 1.229
Change - 21% -33.96% -12.43% -88.17% 516.3% 20.83% 13.86%
Nbr of stocks (in thousands) 11,613,360 11,553,742 11,495,278 11,476,402 11,424,889 11,424,889 11,424,889 11,424,889
Announcement Date 3/25/21 4/29/22 4/28/23 3/29/24 4/29/25 - - -
1CNY
Estimates
2025 *2026 *
P/E ratio 18.9x 15.6x
PBR 0.64x 0.63x
EV / Sales 0.15x 0.16x
Yield 2.28% 2.47%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
CCC
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
16.87CNY
Average target price
16.45CNY
Spread / Average Target
-2.49%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. 600104 Stock
  4. Financials SAIC Motor Corporation Limited
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