Projected Income Statement: Chongqing Changan Automobile Company Limited

Forecast Balance Sheet: Chongqing Changan Automobile Company Limited

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -50,823 -51,580 -63,689 -62,977 -51,811 -55,304 -72,828 -60,257
Change - -1.49% -23.48% 1.12% 17.73% -6.74% -31.69% 17.26%
Announcement Date 27/04/22 17/04/23 17/04/24 10/04/25 10/04/26 - - -
1CNY in Million
Estimates

Cash Flow Forecast: Chongqing Changan Automobile Company Limited

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,925 1,405 2,528 3,293 3,887 6,523 5,804 6,417
Change - -27% 79.93% 30.26% 18.04% 67.83% -11.02% 10.56%
Free Cash Flow (FCF) 1 21,047 4,871 17,333 1,556 - 2,685 7,526 7,381
Change - -76.86% 255.83% -91.02% - - 180.3% -1.93%
Announcement Date 27/04/22 17/04/23 17/04/24 10/04/25 10/04/26 - - -
1CNY in Million
Estimates

Forecast Financial Ratios: Chongqing Changan Automobile Company Limited

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 7.35% 9.5% 7% 4.31% 6.1% 4.83% 5.9% 4.71%
EBIT Margin (%) 3.55% 6.3% 6.91% 4.15% 2.26% 2.22% 3.45% 2.38%
EBT Margin (%) 3.63% 6.36% 7% 4.23% 2.35% 1.83% 3.56% 1.91%
Net margin (%) 3.38% 6.43% 7.49% 4.58% 2.48% 1.87% 3.32% 1.85%
FCF margin (%) 20.02% 4.02% 11.46% 0.97% - 1.3% 3.52% 3.19%
FCF / Net Income (%) 592.46% 62.46% 153.02% 21.26% - 69.2% 105.86% 172.16%

Profitability

        
ROA 2.8% 5.54% 6.74% 3.68% - 1.8% 2.74% 1.82%
ROE 6.53% 13.07% 16.55% 9.69% 5.3% 4.83% 7.79% 4.92%

Financial Health

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

Capital Intensity

        
CAPEX / Current Assets (%) 1.83% 1.16% 1.67% 2.06% 2.37% 3.15% 2.71% 2.77%
CAPEX / EBITDA (%) 24.9% 12.2% 23.87% 47.84% 38.82% 65.12% 46.01% 58.87%
CAPEX / FCF (%) 9.14% 28.84% 14.58% 211.56% - 242.94% 77.12% 86.94%

Items per share

        
Cash flow per share 1 2.315 0.5711 2.003 0.4891 0.1852 1.336 1.706 1.081
Change - -75.33% 250.67% -75.58% -62.13% 621.2% 27.76% -36.63%
Dividend per Share 1 0.1792 0.236 0.343 0.295 0.115 0.0993 0.1929 0.1192
Change - 31.67% 45.34% -13.99% -61.02% -13.66% 94.28% -38.23%
Book Value Per Share 1 5.617 6.335 7.245 7.724 7.801 8.18 8.964 8.881
Change - 12.79% 14.36% 6.61% 0.99% 4.86% 9.59% -0.93%
EPS 1 0.3538 0.7799 1.13 0.74 0.41 0.3907 0.7189 0.2988
Change - 120.4% 44.89% -34.51% -44.59% -4.7% 83.99% -58.44%
Nbr of stocks (in thousands) 9,921,799 9,921,799 9,917,289 9,914,086 9,914,086 9,912,924 9,912,924 9,912,924
Announcement Date 27/04/22 17/04/23 17/04/24 10/04/25 10/04/26 - - -
1CNY
Estimates
2026 *2027 *
P/E ratio 25.8x 14x
PBR 1.23x 1.13x
EV / Sales 0.16x 0.08x
Yield 0.98% 1.91%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
10.10CNY
Average target price
13.16CNY
Spread / Average Target
+30.31%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. 000625 Stock
  4. Financials Chongqing Changan Automobile Company Limited