Market Closed -
Hong Kong S.E.
04:08:35 2024-05-13 am EDT
|
5-day change
|
1st Jan Change
|
2.24
HKD
|
+0.90%
|
|
+2.28%
|
-23.55%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
11,675
|
21,308
|
16,746
|
10,018
|
5,143
|
3,986
|
-
|
-
|
Enterprise Value (EV)
1 |
21,843
|
27,883
|
21,467
|
11,270
|
5,143
|
6,400
|
5,796
|
5,456
|
P/E ratio
|
7.93
x
|
12.7
x
|
6.97
x
|
7.11
x
|
9.18
x
|
6.33
x
|
3.94
x
|
4.81
x
|
Yield
|
-
|
2.67%
|
5.63%
|
5.7%
|
-
|
7.71%
|
11.8%
|
12.2%
|
Capitalization / Revenue
|
0.19
x
|
0.31
x
|
0.21
x
|
0.14
x
|
0.07
x
|
0.06
x
|
0.05
x
|
0.05
x
|
EV / Revenue
|
0.35
x
|
0.41
x
|
0.28
x
|
0.16
x
|
0.07
x
|
0.09
x
|
0.08
x
|
0.07
x
|
EV / EBITDA
|
6.16
x
|
7.47
x
|
4.59
x
|
3.51
x
|
2.3
x
|
2.95
x
|
2.13
x
|
1.89
x
|
EV / FCF
|
9.1
x
|
5.89
x
|
6.09
x
|
3.95
x
|
-
|
9.33
x
|
3.66
x
|
5.96
x
|
FCF Yield
|
11%
|
17%
|
16.4%
|
25.3%
|
-
|
10.7%
|
27.3%
|
16.8%
|
Price to Book
|
1.18
x
|
1.74
x
|
1.23
x
|
0.71
x
|
-
|
0.28
x
|
0.27
x
|
0.26
x
|
Nbr of stocks (in thousands)
|
1,840,016
|
1,974,838
|
1,968,570
|
1,955,705
|
1,931,123
|
1,922,199
|
-
|
-
|
Reference price
2 |
6.345
|
10.79
|
8.507
|
5.122
|
2.663
|
2.074
|
2.074
|
2.074
|
Announcement Date
|
3/25/20
|
3/16/21
|
3/15/22
|
3/24/23
|
3/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
62,707
|
68,534
|
77,917
|
72,024
|
72,595
|
72,398
|
74,985
|
74,314
|
EBITDA
1 |
3,548
|
3,734
|
4,675
|
3,209
|
2,240
|
2,168
|
2,717
|
2,882
|
EBIT
1 |
2,819
|
2,925
|
3,809
|
2,304
|
961.5
|
1,023
|
1,550
|
1,424
|
Operating Margin
|
4.5%
|
4.27%
|
4.89%
|
3.2%
|
1.32%
|
1.41%
|
2.07%
|
1.92%
|
Earnings before Tax (EBT)
1 |
2,076
|
2,295
|
3,375
|
2,073
|
740.3
|
827.3
|
1,358
|
1,282
|
Net income
1 |
1,473
|
1,625
|
2,480
|
1,425
|
572.6
|
663.2
|
1,033
|
1,068
|
Net margin
|
2.35%
|
2.37%
|
3.18%
|
1.98%
|
0.79%
|
0.92%
|
1.38%
|
1.44%
|
EPS
2 |
0.8000
|
0.8500
|
1.220
|
0.7200
|
0.2900
|
0.3277
|
0.5264
|
0.4314
|
Free Cash Flow
1 |
2,400
|
4,737
|
3,525
|
2,851
|
-
|
685.7
|
1,582
|
915.7
|
FCF margin
|
3.83%
|
6.91%
|
4.52%
|
3.96%
|
-
|
0.95%
|
2.11%
|
1.23%
|
FCF Conversion (EBITDA)
|
67.64%
|
126.85%
|
75.39%
|
88.86%
|
-
|
31.63%
|
58.23%
|
31.77%
|
FCF Conversion (Net income)
|
162.95%
|
291.53%
|
142.13%
|
200.03%
|
-
|
103.39%
|
153.16%
|
85.73%
|
Dividend per Share
2 |
-
|
0.2880
|
0.4790
|
0.2920
|
-
|
0.1599
|
0.2455
|
0.2532
|
Announcement Date
|
3/25/20
|
3/16/21
|
3/15/22
|
3/24/23
|
3/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q3
|
2021 S2
|
2022 Q1
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
---|
Net sales
1 |
33,602
|
27,950
|
40,584
|
40,506
|
18,942
|
37,411
|
-
|
31,392
|
21,292
|
18,746
|
40,632
|
34,862
|
37,734
|
28,093
|
30,434
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
1,413
|
1,103
|
1,822
|
1,834
|
-
|
1,975
|
-
|
1,069
|
-
|
-
|
1,235
|
-
|
293.7
|
403
|
548.9
|
Operating Margin
|
4.21%
|
3.95%
|
4.49%
|
4.53%
|
-
|
5.28%
|
-
|
3.41%
|
-
|
-
|
3.04%
|
-
|
0.78%
|
1.43%
|
1.8%
|
Earnings before Tax (EBT)
|
1,019
|
756.2
|
1,539
|
1,594
|
-
|
-
|
-
|
-
|
-
|
-
|
1,128
|
-
|
-
|
-
|
-
|
Net income
|
738.9
|
530
|
1,095
|
1,172
|
631
|
-
|
336.6
|
-
|
487
|
-
|
752.2
|
-
|
166
|
-
|
-
|
Net margin
|
2.2%
|
1.9%
|
2.7%
|
2.89%
|
3.33%
|
-
|
-
|
-
|
2.29%
|
-
|
1.85%
|
-
|
0.44%
|
-
|
-
|
EPS
|
0.4000
|
0.2900
|
0.5600
|
0.5900
|
-
|
0.6300
|
-
|
0.3400
|
-
|
-
|
0.3800
|
-
|
0.0800
|
0.1300
|
0.2700
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/25/20
|
8/25/20
|
3/16/21
|
8/24/21
|
10/25/21
|
3/15/22
|
9/23/22
|
8/29/22
|
10/25/22
|
3/24/23
|
3/24/23
|
9/21/23
|
3/26/24
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
10,168
|
6,575
|
4,721
|
1,252
|
-
|
2,414
|
1,810
|
1,470
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.865
x
|
1.761
x
|
1.01
x
|
0.3903
x
|
-
|
1.113
x
|
0.6662
x
|
0.5101
x
|
Free Cash Flow
1 |
2,400
|
4,737
|
3,525
|
2,851
|
-
|
686
|
1,582
|
916
|
ROE (net income / shareholders' equity)
|
15.6%
|
15%
|
19.4%
|
10.2%
|
-
|
4.25%
|
5.97%
|
6.35%
|
ROA (Net income/ Total Assets)
|
4.43%
|
4.63%
|
7.48%
|
4.46%
|
-
|
1.89%
|
2.5%
|
2.57%
|
Assets
1 |
33,245
|
35,106
|
33,152
|
31,984
|
-
|
35,099
|
41,368
|
41,604
|
Book Value Per Share
2 |
5.370
|
6.200
|
6.940
|
7.240
|
-
|
7.410
|
7.740
|
7.910
|
Cash Flow per Share
2 |
2.150
|
2.980
|
2.540
|
2.150
|
-
|
1.050
|
1.090
|
1.490
|
Capex
1 |
1,709
|
944
|
1,490
|
1,381
|
-
|
1,220
|
1,232
|
1,373
|
Capex / Sales
|
2.72%
|
1.38%
|
1.91%
|
1.92%
|
-
|
1.69%
|
1.64%
|
1.85%
|
Announcement Date
|
3/25/20
|
3/16/21
|
3/15/22
|
3/24/23
|
3/26/24
|
-
|
-
|
-
|
Last Close Price
2.074
CNY Average target price
2.831
CNY Spread / Average Target +36.51% Consensus |
1st Jan change
|
Capi.
|
---|
| -23.55% | 546M | | +2.75% | 3.99B | | +7.65% | 1.23B | | +5.49% | 998M | | -.--% | 630M | | +1.33% | 574M | | -39.58% | 507M | | -21.67% | 458M | | -24.78% | 383M | | -12.49% | 364M |
New Car Dealers
|