Company Valuation: Chongqing Changan Automobile Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 101,236 107,273 145,806 116,074 104,396 67,285 - -
Change - 5.96% 35.92% -20.39% -10.06% -35.55% - -
Enterprise Value (EV) 1 50,413 55,693 82,117 53,096 52,585 4,207 -1,814 6,873
Change - 10.47% 47.45% -35.34% -0.96% -92% -143.12% 478.89%
P/E Ratio 33x 15.8x 14.9x 18.1x 28.9x 14.9x 11.9x 13.5x
PBR 2.08x 1.94x 2.32x 1.73x 1.52x 0.91x 0.86x 0.84x
PEG - 0x 0.3x -0.5x -0.6x 0.6x 0.5x -1.1x
Capitalization / Revenue 0.96x 0.88x 0.96x 0.73x 0.64x 0.35x 0.32x 0.31x
EV / Revenue 0.48x 0.46x 0.54x 0.33x 0.32x 0.02x -0.01x 0.03x
EV / EBITDA 6.52x 4.83x 7.75x 7.71x 5.25x 0.4x -0.15x 0.51x
EV / EBIT 13.5x 7.3x 7.86x 8.02x 14.2x 0.82x -0.25x 0.87x
EV / FCF 2.4x 11.4x 4.74x 34.1x - 2.65x -0.26x 1.13x
FCF Yield 41.7% 8.75% 21.1% 2.93% - 37.7% -378% 88.6%
Dividend per Share 2 0.1792 0.236 0.343 0.295 0.115 0.1727 0.1963 0.1527
Rate of return 1.53% 1.92% 2.04% 2.21% 0.97% 2.29% 2.6% 2.02%
EPS 2 0.3538 0.7799 1.13 0.74 0.41 0.5052 0.6339 0.5568
Distribution rate 50.7% 30.3% 30.4% 39.9% 28% 34.2% 31% 27.4%
Net sales 1 105,142 121,253 151,298 159,733 164,000 193,152 207,613 216,549
EBITDA 1 7,731 11,520 10,593 6,883 10,012 10,552 12,246 13,471
EBIT 1 3,731 7,634 10,447 6,624 3,709 5,147 7,149 7,908
Net income 1 3,552 7,798 11,327 7,321 4,075 5,008 6,282 5,542
Net Debt 1 -50,823 -51,580 -63,689 -62,977 -51,811 -63,078 -69,099 -60,412
Reference price 2 11.685 12.310 16.830 13.360 11.860 7.540 7.540 7.540
Nbr of stocks (in thousands) 9,921,799 9,921,799 9,917,289 9,914,086 9,914,086 9,912,924 - -
Announcement Date 27/04/22 17/04/23 17/04/24 10/04/25 10/04/26 - - -
1CNY in Million2CNY
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.73x0.02x0.31x2.32% 9.79B
32.28x7.4x18.9x1.23% 63.04B
26.68x1.44x8.13x2.13% 50.92B
26.78x1.86x15.73x1.16% 43.01B
7.18x0.33x3.02x4.35% 39.62B
11.22x0.05x0.85x-.--% 19.34B
6.05x0.27x3.49x5.06% 19.24B
10.6x0x0.1x2.79% 18.33B
68.51x0.64x14.07x0.16% 7.11B
7.01x0.4x6.36x11.03% 6.58B
Average 21.11x 1.24x 7.10x 3.02% 27.7B
Weighted average by Cap. 21.79x 2.33x 9.50x 2.36%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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