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BAIC Motor

WBAG:2B5
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2B5
WBAG
HK$50B
Market Cap
  1. Home
  2. AT
  3. Automobiles
Company description

BAIC Motor Corporation Limited, together with its subsidiaries, manufactures and sells passenger vehicles in the People’s Republic of China. The last earnings update was 22 days ago. More info.


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  • BAIC Motor has significant price volatility in the past 3 months.
2B5 Share Price and Events
7 Day Returns
-0.6%
WBAG:2B5
6%
Europe Auto
3.4%
AT Market
1 Year Returns
-
WBAG:2B5
-11%
Europe Auto
-2%
AT Market
2B5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BAIC Motor (2B5) -0.6% 32.8% 31.4% - - -
Europe Auto 6% 8.6% 10.9% -11% 11.6% -5.7%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • No trading data on 2B5.
  • No trading data on 2B5.
Price Volatility
2B5
Industry
5yr Volatility vs Market

Value

 Is BAIC Motor undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BAIC Motor to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BAIC Motor.

WBAG:2B5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 20 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:2B5
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Auto Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.575 (1 + (1- 25%) (55.53%))
0.875
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (0.875 * 5.96%)
5.73%

Discounted Cash Flow Calculation for WBAG:2B5 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BAIC Motor is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:2B5 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5.73%)
2019 15,903.17 Analyst x6 15,041.80
2020 16,199.57 Analyst x7 14,492.26
2021 14,191.33 Analyst x3 12,008.04
2022 12,899.30 Est @ -9.1% 10,323.61
2023 12,096.96 Est @ -6.22% 9,157.10
2024 11,588.76 Est @ -4.2% 8,297.26
2025 11,265.70 Est @ -2.79% 7,629.08
2026 11,063.09 Est @ -1.8% 7,086.10
2027 10,940.75 Est @ -1.11% 6,628.17
2028 10,872.79 Est @ -0.62% 6,230.23
Present value of next 10 years cash flows CN¥96,893.66
WBAG:2B5 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥10,872.79 × (1 + 0.51%) ÷ (5.73% – 0.51%)
CN¥209,495.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥209,495.53 ÷ (1 + 5.73%)10
CN¥120,043.32
WBAG:2B5 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥96,893.66 + CN¥120,043.32
CN¥216,936.98
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥216,936.98 / 8,015.34
CN¥238.34
WBAG:2B5 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1958)
1.169
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥27.07 x 1.169
HK$31.65
Non-primary Listing Adjustment Factor 1 share in WBAG:2B5 represents 0.11356x of SEHK:1958
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11356x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 31.65 x 0.11356
€3.59
Value per share (EUR) From above. €3.59
Current discount Discount to share price of €0.71
= -1 x (€0.71 - €3.59) / €3.59
80.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price BAIC Motor is available for.
Intrinsic value
>50%
Share price is €0.71 vs Future cash flow value of €3.59
Current Discount Checks
For BAIC Motor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BAIC Motor's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BAIC Motor's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BAIC Motor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BAIC Motor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:2B5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.55
SEHK:1958 Share Price ** SEHK (2019-04-18) in HKD HK$6.27
SEHK:1958 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥5.36
Europe Auto Industry PE Ratio Median Figure of 17 Publicly-Listed Auto Companies 8.36x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BAIC Motor.

WBAG:2B5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1958 Share Price ÷ EPS (both in CNY)

= 5.36 ÷ 0.55

9.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BAIC Motor is overvalued based on earnings compared to the Europe Auto industry average.
  • BAIC Motor is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does BAIC Motor's expected growth come at a high price?
Raw Data
WBAG:2B5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
14.7%per year
Europe Auto Industry PEG Ratio Median Figure of 10 Publicly-Listed Auto Companies 0.77x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:2B5 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.78x ÷ 14.7%

0.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BAIC Motor is good value based on expected growth next year.
Price based on value of assets
What value do investors place on BAIC Motor's assets?
Raw Data
WBAG:2B5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥6.04
SEHK:1958 Share Price * SEHK (2019-04-18) in HKD HK$6.27
SEHK:1958 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥5.36
Europe Auto Industry PB Ratio Median Figure of 24 Publicly-Listed Auto Companies 1.22x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:2B5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1958 Share Price ÷ Book Value per Share (both in CNY)

= 5.36 ÷ 6.04

0.89x

* Primary Listing of BAIC Motor.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BAIC Motor is good value based on assets compared to the Europe Auto industry average.
X
Value checks
We assess BAIC Motor's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto industry average (and greater than 0)? (1 check)
  5. BAIC Motor has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is BAIC Motor expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BAIC Motor expected to grow at an attractive rate?
  • BAIC Motor's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • BAIC Motor's earnings growth is expected to exceed the Austria market average.
  • BAIC Motor's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:2B5 Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:2B5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 14.7%
WBAG:2B5 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts 7.8%
Europe Auto Industry Earnings Growth Rate Market Cap Weighted Average 6.7%
Europe Auto Industry Revenue Growth Rate Market Cap Weighted Average 3%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:2B5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:2B5 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 191,501 25,774 6,750 11
2020-12-31 179,789 26,528 6,308 18
2019-12-31 165,535 24,045 5,288 20
WBAG:2B5 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 151,920 4,317
2018-09-30 148,122 4,187
2018-06-30 144,324 21,382 4,057
2018-03-31 139,241 20,442 3,155
2017-12-31 134,159 19,503 2,253
2017-09-30 134,028 21,033 3,597
2017-06-30 133,897 22,563 4,941
2017-03-31 125,048 19,604 5,654
2016-12-31 116,199 16,646 6,367
2016-09-30 106,414 14,036 4,963
2016-06-30 96,628 11,426 3,559
2016-03-31 90,370 10,895 3,439

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BAIC Motor's earnings are expected to grow by 14.7% yearly, however this is not considered high growth (20% yearly).
  • BAIC Motor's revenue is expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:2B5 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below

All data from BAIC Motor Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:2B5 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.88 1.10 0.68 8.00
2020-12-31 0.80 1.22 0.49 15.00
2019-12-31 0.69 0.84 0.54 13.00
WBAG:2B5 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.55
2018-09-30 0.54
2018-06-30 0.53
2018-03-31 0.41
2017-12-31 0.30
2017-09-30 0.47
2017-06-30 0.65
2017-03-31 0.74
2016-12-31 0.84
2016-09-30 0.65
2016-06-30 0.47
2016-03-31 0.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BAIC Motor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BAIC Motor's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BAIC Motor has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has BAIC Motor performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BAIC Motor's growth in the last year to its industry (Auto).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BAIC Motor's year on year earnings growth rate has been positive over the past 5 years.
  • BAIC Motor's 1-year earnings growth exceeds its 5-year average (91.6% vs 2.3%)
  • BAIC Motor's earnings growth has exceeded the Europe Auto industry average in the past year (91.6% vs 5.9%).
Earnings and Revenue History
BAIC Motor's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BAIC Motor Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:2B5 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 151,920.39 4,317.47 17,001.64
2018-09-30 148,122.01 4,187.08 17,343.38
2018-06-30 144,323.63 4,056.70 17,685.13
2018-03-31 139,241.09 3,154.75 17,305.81
2017-12-31 134,158.54 2,252.81 16,926.50
2017-09-30 134,027.89 3,597.08 16,845.57
2017-06-30 133,897.25 4,941.34 16,764.65
2017-03-31 125,048.11 5,654.13 15,832.58
2016-12-31 116,198.98 6,366.93 14,900.52
2016-09-30 106,413.50 4,963.02 14,346.89
2016-06-30 96,628.02 3,559.10 13,793.26
2016-03-31 90,369.77 3,438.85 12,917.41
2015-12-31 84,111.53 3,318.60 12,041.56
2015-09-30 75,938.64 4,109.77 11,244.71
2015-06-30 67,765.75 4,900.94 10,447.86
2015-03-31 61,302.46 4,797.84 9,839.71
2014-12-31 56,370.31 4,510.81 9,101.81
2014-09-30 45,992.61 3,677.64 7,620.36
2014-06-30 35,614.91 2,844.47 6,138.90
2013-12-31 12,781.87 2,714.02 3,519.54
2012-12-31 3,519.67 3,498.10 1,504.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BAIC Motor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • BAIC Motor used its assets less efficiently than the Europe Auto industry average last year based on Return on Assets.
  • BAIC Motor has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BAIC Motor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BAIC Motor has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is BAIC Motor's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BAIC Motor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BAIC Motor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BAIC Motor's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BAIC Motor's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BAIC Motor Company Filings, last reported 3 months ago.

WBAG:2B5 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 69,237.78 23,863.24 35,406.67
2018-09-30 69,237.78 23,863.24 35,406.67
2018-06-30 63,520.88 32,061.73 44,553.04
2018-03-31 63,520.88 32,061.73 44,553.04
2017-12-31 59,640.92 31,645.01 36,832.55
2017-09-30 59,640.92 31,645.01 36,832.55
2017-06-30 54,123.37 35,150.99 35,522.07
2017-03-31 54,123.37 35,150.99 35,522.07
2016-12-31 58,033.32 35,378.72 36,238.70
2016-09-30 58,033.32 35,378.72 36,238.70
2016-06-30 50,930.20 32,566.07 26,618.24
2016-03-31 50,930.20 32,566.07 26,618.24
2015-12-31 47,069.40 30,266.02 23,946.50
2015-09-30 47,069.40 30,266.02 23,946.50
2015-06-30 45,218.61 26,762.18 20,884.46
2015-03-31 45,218.61 26,762.18 20,884.46
2014-12-31 41,968.62 29,918.25 21,923.30
2014-09-30 41,968.62 29,918.25 21,923.30
2014-06-30 31,921.35 22,292.21 14,460.68
2013-12-31 31,053.48 22,955.88 16,794.39
2012-12-31 16,012.27 11,696.24 2,932.44
  • BAIC Motor's level of debt (34.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (73.9% vs 34.5% today).
  • Debt is well covered by operating cash flow (89.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 138x coverage).
X
Financial health checks
We assess BAIC Motor's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BAIC Motor has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is BAIC Motor's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.54%
Current annual income from BAIC Motor dividends. Estimated to be 5.02% next year.
If you bought €2,000 of BAIC Motor shares you are expected to receive €71 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BAIC Motor's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • BAIC Motor's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:2B5 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
Europe Auto Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.2%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:2B5 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.31 11.00
2020-12-31 0.28 18.00
2019-12-31 0.24 19.00
WBAG:2B5 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-27 0.190 3.806
2018-05-15 0.100 2.128
2017-05-08 0.290 4.058
2016-04-22 0.150 2.451
2016-03-29 0.150 3.048
2015-05-14 0.300 5.147
2014-12-19 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BAIC Motor has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • BAIC Motor has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of BAIC Motor's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess BAIC Motor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BAIC Motor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BAIC Motor has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of BAIC Motor's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hongliang Chen
COMPENSATION CN¥674,468
AGE 53
TENURE AS CEO 2.1 years
CEO Bio

Mr. Hongliang Chen has been the President and Chief Executive officer of BAIC Motor Corporation Limited since March 06, 2017 and has been its Executive Director since June 2017. Mr. Chen served as Vice President of BAIC Motor Corporation Limited from March 22, 2013 to March 7, 2017. Mr. Chen has more than 20 years of experience in the automobile industry. He has held various positions from January 1996 to September 2008, including the Deputy Director of the chassis plant (mainly responsible for the technical quality system), Head of the procurement department, director of the assembly plant and deputy general manager of NAVECO Ltd. He was the vice Secretary of the party committee of NAVECO Ltd. from September 2008 to February 2009; the deputy general manager of passenger vehicle department of BAIC Holding and Vice President of the Head office of operation and production, Chief Project Director, General Manager and Secretary of the party committee of Zhuzhou branch from February 2009 to January 2014; and Vice President of the Company, Senior Executive Vice President and the Secretary of the party committee of Beijing Benz from January 2014 to March 2017. Mr. Chen holds a Master's Degree in engineering and is a researcher-level senior engineer.

CEO Compensation
  • Insufficient data for Hongliang to compare compensation growth.
  • Insufficient data for Hongliang to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the BAIC Motor management team in years:

0.5
Average Tenure
  • The average tenure for the BAIC Motor management team is less than 2 years, this suggests a new team.
Management Team

Hongliang Chen

TITLE
CEO, President & Executive Director
COMPENSATION
CN¥674K
AGE
53
TENURE
2.1 yrs

Jianhui Wang

TITLE
Company Secretary
AGE
41
TENURE
0.3 yrs

Kenneth Lee

TITLE
Assistant Company Secretary
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the BAIC Motor board of directors in years:

4.3
Average Tenure
53
Average Age
  • The tenure for the BAIC Motor board of directors is about average.
Board of Directors

Heyi Xu

TITLE
Chairman of the Board
AGE
60
TENURE
8.6 yrs

Hongliang Chen

TITLE
CEO, President & Executive Director
COMPENSATION
CN¥674K
AGE
53
TENURE
1.8 yrs

Zhangfei Gu

TITLE
Chairman of the Board of Supervisors
AGE
51
TENURE
1.3 yrs

Xiaolei Yan

TITLE
Non-Executive Director
AGE
42
TENURE
0.8 yrs

Yinfu Qiu

TITLE
Non-Executive Director
AGE
51
TENURE
5.8 yrs

Hubertus Troska

TITLE
Non-Executive Director
AGE
58
TENURE
5.4 yrs

Bodo Uebber

TITLE
Non-Executive Director
AGE
58
TENURE
5.4 yrs

Patrick Wong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥120K
AGE
70
TENURE
4.3 yrs

Robert Bao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥120K
AGE
51
TENURE
4.3 yrs

Kaixiang Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥120K
AGE
53
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. Mar 19 Sell GIC Pte. Ltd. Company 14. Mar 19 14. Mar 19 -2,138,500 €0.52 €-1,114,180
13. Mar 19 Sell BlackRock, Inc. Company 08. Mar 19 08. Mar 19 -25,546,000 €0.56 €-14,316,962
11. Mar 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 06. Mar 19 06. Mar 19 -6,102,000 €0.56 €-3,440,952
11. Mar 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 06. Mar 19 06. Mar 19 62,000 €0.56 €34,962
08. Mar 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 05. Mar 19 05. Mar 19 4,573,500 €0.56 €2,552,274
07. Mar 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 04. Mar 19 04. Mar 19 -3,478,678 €0.56 €-1,948,062
07. Mar 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 04. Mar 19 04. Mar 19 8,678 €0.56 €4,860
06. Mar 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 01. Mar 19 01. Mar 19 1,616,500 €0.57 €917,092
20. Nov 18 Sell BlackRock, Inc. Company 15. Nov 18 15. Nov 18 -3,150,000 €0.49 €-1,545,682
05. Nov 18 Buy GIC Pte. Ltd. Company 02. Nov 18 02. Nov 18 8,934,500 €0.51 €4,522,950
19. Jul 18 Buy GIC Pte. Ltd. Company 18. Jul 18 18. Jul 18 1,288,000 €0.73 €939,120
05. Jun 18 Buy BlackRock, Inc. Company 31. May 18 31. May 18 68,350,208 €0.83 €56,939,941
04. May 18 Sell UBS Asset Management Company 30. Apr 18 30. Apr 18 -1,740,500 €0.78 €-1,349,370
04. May 18 Buy UBS Asset Management Company 30. Apr 18 30. Apr 18 67,000 €0.78 €51,944
04. May 18 Sell UBS O'Connor LLC Company 30. Apr 18 30. Apr 18 -1,740,500 €0.78 €-1,349,370
10. May 18 Sell UBS Asset Management Company 07. May 18 07. May 18 -12,216,500 €0.76 €-9,335,783
09. May 18 Buy GIC Pte. Ltd. Company 08. May 18 08. May 18 2,076,500 €0.81 €1,688,196
27. Apr 18 Buy GIC Pte. Ltd. Company 26. Apr 18 26. Apr 18 7,681,000 €0.76 €5,871,967
X
Management checks
We assess BAIC Motor's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BAIC Motor has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

BAIC Motor Corporation Limited, together with its subsidiaries, manufactures and sells passenger vehicles in the People’s Republic of China. The company offers a range of sedans, as well as SUV, MPV, CUV, off-road, and new energy vehicles. It also provides engines, and powertrain and other parts and components. The company sells its products under the Beijing Brand, Beijing Benz, Beijing Hyundai, and Fujian Benz names. BAIC Motor Corporation Limited has a strategic cooperation framework agreements with Beijing Baidu Netcom Science and Technology Company Limited; Yanfeng Automotive Trim Systems Co, Ltd.; and IFLYTEK Co., Ltd. The company was founded in 1958 and is headquartered in Beijing, the People’s Republic of China.

Details
Name: BAIC Motor Corporation Limited
2B5
Exchange: WBAG
Founded: 1958
HK$5,698,829,739
8,015,338,182
Website: http://www.baicmotor.com
Address: BAIC Motor Corporation Limited
A5-061, Unit 101, Building No. 1,
5th Floor,
Beijing,
101300,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1958 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 19. Dec 2014
OTCPK BMCL.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 19. Dec 2014
DB 2B5 Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 19. Dec 2014
SHSC 1958 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 19. Dec 2014
SZSC 1958 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 19. Dec 2014
WBAG 2B5 Foreign Shares-Foreign Listed Wiener Boerse AG AT EUR 19. Dec 2014
OTCPK BCCM.Y ADR Pink Sheets LLC US USD 15. Dec 2015
Number of employees
Current staff
Staff numbers
20,431
BAIC Motor employees.
Industry
Automobile Manufacturers
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:53
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.