CIMC VEHICLES (GROUP) CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.46 HKD | -0.13% |
|
+1.91% | +7.65% |
| 05-03 | CIMC Vehicles to Buy Back all H- Shares, Withdraw Listing | MT |
| 04-29 | US Customs Finds No Evidence of CIMC Vehicles Breaching Anti-Dumping, Countervailing Duties | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,511 | 10,711 | 21,778 | 13,963 | 17,205 | 18,583 | - | - |
| Enterprise Value (EV) 1 | 9,511 | 10,711 | 21,778 | 13,963 | 17,205 | 18,583 | 18,583 | 18,583 |
| P/E ratio | 7.19 x | 9.48 x | 11.5 x | 7.72 x | 5.16 x | 9.57 x | 8.51 x | - |
| Yield | 8.35% | - | 3.61% | 7.06% | - | 5.22% | 5.8% | - |
| Capitalization / Revenue | 0.41 x | 0.41 x | 0.79 x | 0.59 x | 0.69 x | 0.68 x | 0.62 x | 0.53 x |
| EV / Revenue | 0.41 x | 0.41 x | 0.79 x | 0.59 x | 0.69 x | 0.68 x | 0.62 x | 0.53 x |
| EV / EBITDA | 4.98 x | 5.65 x | 12.9 x | 7.23 x | 4.55 x | 7.55 x | 6.74 x | 5.98 x |
| EV / FCF | 9,795,613 x | - | - | - | - | - | - | - |
| FCF Yield | 0% | - | - | - | - | - | - | - |
| Price to Book | 0.89 x | 1.08 x | 0.95 x | 0.67 x | 0.86 x | 0.86 x | 0.81 x | - |
| Nbr of stocks (in thousands) | 1,765,000 | 1,765,000 | 2,017,600 | 2,017,600 | 2,017,600 | 2,017,600 | - | - |
| Reference price 2 | 5.389 | 6.068 | 5.541 | 4.248 | 6.299 | 6.892 | 6.892 | 6.892 |
| Announcement Date | 25/03/20 | 25/03/21 | 24/03/22 | 27/03/23 | 21/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 23,220 | 26,247 | 27,648 | 23,621 | 25,087 | 27,305 | 29,883 | 34,885 |
| EBITDA 1 | 1,911 | 1,897 | 1,690 | 1,931 | 3,779 | 2,462 | 2,756 | 3,107 |
| EBIT 1 | 1,586 | 1,518 | 1,190 | 1,473 | 3,265 | 1,972 | 2,208 | 2,500 |
| Operating Margin | 6.83% | 5.78% | 4.31% | 6.23% | 13.01% | 7.22% | 7.39% | 7.17% |
| Earnings before Tax (EBT) 1 | 1,571 | 1,518 | 1,176 | 1,475 | 3,261 | 2,022 | 2,280 | 2,499 |
| Net income 1 | 1,211 | 1,132 | 900.7 | 1,118 | 2,456 | 1,514 | 1,705 | 1,892 |
| Net margin | 5.21% | 4.31% | 3.26% | 4.73% | 9.79% | 5.54% | 5.71% | 5.42% |
| EPS 2 | 0.7500 | 0.6400 | 0.4800 | 0.5500 | 1.220 | 0.7200 | 0.8100 | - |
| Free Cash Flow | 971 | - | - | - | - | - | - | - |
| FCF margin | 4.18% | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 50.82% | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | 80.2% | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.4500 | - | 0.2000 | 0.3000 | - | 0.3600 | 0.4000 | - |
| Announcement Date | 25/03/20 | 25/03/21 | 24/03/22 | 27/03/23 | 21/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q2 | 2023 Q3 |
|---|---|---|
| Net sales 1 | - | 6,099 |
| EBITDA | - | - |
| EBIT 1 | - | 496.9 |
| Operating Margin | - | 8.15% |
| Earnings before Tax (EBT) | - | - |
| Net income 1 | 1,417 | 380.8 |
| Net margin | - | 6.24% |
| EPS | 0.7000 | - |
| Dividend per Share | - | - |
| Announcement Date | 23/08/23 | 25/10/23 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | 971 | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 12.8% | 11.5% | 8.3% | 9.15% | 17.9% | 12.1% | 12.5% | 10.2% |
| ROA (Net income/ Total Assets) | 6.87% | 5.88% | 4.33% | 5.08% | 10.7% | 6.05% | 6.4% | 6.6% |
| Assets 1 | 17,621 | 19,244 | 20,803 | 21,999 | 23,027 | 25,017 | 26,641 | 28,667 |
| Book Value Per Share 2 | 6.050 | 5.640 | 5.820 | 6.290 | 7.340 | 8.060 | 8.510 | - |
| Cash Flow per Share 2 | - | - | 0.0900 | 0.5700 | 0.8900 | 1.030 | 1.060 | - |
| Capex 1 | 797 | 832 | 1,065 | 538 | 519 | 453 | 503 | 700 |
| Capex / Sales | 3.43% | 3.17% | 3.85% | 2.28% | 2.07% | 1.66% | 1.68% | 2.01% |
| Announcement Date | 25/03/20 | 25/03/21 | 24/03/22 | 27/03/23 | 21/03/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
6.892
CNY
Average target price
6.943
CNY
Spread / Average Target
+0.73%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.65% | 2.6B | |
| +36.42% | 7.33B | |
| +4.03% | 3.94B | |
| +40.47% | 2.75B | |
| +23.13% | 2.69B | |
| +11.00% | 1.05B | |
| -9.84% | 1.04B | |
| -24.20% | 714M | |
| -.--% | 675M | |
| +30.33% | 630M |
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- Financials CIMC Vehicles (Group) Co., Ltd.
