Company Valuation: Guangzhou Automobile Group Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 141,002 159,187 108,140 82,486 82,978 75,304 75,304 -
Change - 12.9% -32.07% -23.72% 0.6% -9.25% 0% -
Enterprise Value (EV) 1 125,834 159,367 87,927 73,014 74,030 71,538 75,644 74,689
Change - 26.65% -44.83% -16.96% 1.39% -3.37% 5.74% -1.26%
P/E ratio 22.9x 21.4x 14.3x 20.8x 117x -11x 79.7x 30.5x
PBR 1.64x 1.76x 1.02x 0.79x 0.84x 0.73x 0.72x 0.71x
PEG - 1x 1.69x -0.5x -1.4x 0x -1x 0x
Capitalization / Revenue 2.23x 2.1x 0.99x 0.64x 0.77x 0.82x 0.68x 0.58x
EV / Revenue 1.99x 2.11x 0.8x 0.56x 0.69x 0.78x 0.68x 0.58x
EV / EBITDA 102x 221x 6.33x 29.8x 13.8x 21.2x 9.73x 7.7x
EV / EBIT -35.3x -31.9x 11.8x -15.1x -21.6x -6.92x -15x -27.5x
EV / FCF -13.3x -13.5x -6.65x -15.1x -28.9x -4.12x -7.48x -185x
FCF Yield -7.53% -7.42% -15% -6.64% -3.46% -24.3% -13.4% -0.54%
Dividend per Share 2 0.15 0.22 0.18 0.1 0.02 0.0375 0.0422 0.0754
Rate of return 1.13% 1.45% 1.63% 1.14% 0.21% 0.48% 0.54% 0.96%
EPS 2 0.58 0.71 0.77 0.42 0.08 -0.7102 0.0981 0.2563
Distribution rate 25.9% 31% 23.4% 23.8% 25% -5.28% 43% 29.4%
Net sales 1 63,157 75,676 109,335 129,706 107,784 91,847 110,811 129,190
EBITDA 1 1,239 721.7 13,891 2,452 5,381 3,373 7,773 9,700
EBIT 1 -3,567 -4,997 7,456 -4,842 -3,434 -10,334 -5,031 -2,716
Net income 1 5,964 7,511 8,068 4,429 823.6 -5,502 -633.3 1,334
Net Debt 1 -15,168 180.5 -20,213 -9,472 -8,948 -3,766 339.6 -615.4
Reference price 2 13.290 15.190 11.030 8.750 9.340 7.820 7.820 7.820
Nbr of stocks (in thousands) 10,340,032 10,358,187 10,463,958 10,488,743 10,212,644 10,182,266 10,182,266 -
Announcement Date 25/03/21 30/03/22 29/03/23 28/03/24 28/03/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
31.36x7.21x18.43x1.21% 61.89B
28.18x1.99x16.82x1.1% 47.47B
8.23x0.38x3.63x3.87% 42.1B
85.53x1.12x7.94x2.68% 40.22B
14.72x0.08x2.23x2.48% 23.35B
10.73x0.07x1.12x3.29% 20.44B
6.48x0.33x4.06x - 18.22B
21.4x0.2x3.58x1.75% 13.89B
8.52x0.49x7.38x9.09% 8.93B
Average 23.91x 1.32x 7.24x 3.19% 30.72B
Weighted average by Cap. 29.36x 2.24x 9.68x 2.43%

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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