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Geely Automobile Holdings

WBAG:GRU
Snowflake Description

Solid track record with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GRU
WBAG
HK$164B
Market Cap
  1. Home
  2. AT
  3. Automobiles
Company description

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
  • Geely Automobile Holdings has significant price volatility in the past 3 months.
GRU Share Price and Events
7 Day Returns
2.5%
WBAG:GRU
6%
Europe Auto
3.4%
AT Market
1 Year Returns
-
WBAG:GRU
-11%
Europe Auto
-2%
AT Market
GRU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Geely Automobile Holdings (GRU) 2.5% 25.9% 48.9% - - -
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 GRU.
  • No trading data on GRU.
Price Volatility
GRU
Industry
5yr Volatility vs Market

Value

 Is Geely Automobile Holdings 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 Geely Automobile Holdings 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 Geely Automobile Holdings.

WBAG:GRU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 29 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.8%
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:GRU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.7%
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%) (2.44%))
0.722
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (0.8 * 6.65%)
5.83%

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

The calculations below outline how an intrinsic value for Geely Automobile Holdings 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:GRU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5.83%)
2019 7,286.00 Analyst x3 6,884.63
2020 8,529.92 Analyst x7 7,616.01
2021 9,920.39 Analyst x5 8,369.56
2022 10,955.04 Est @ 10.43% 8,733.31
2023 11,771.59 Est @ 7.45% 8,867.29
2024 12,403.79 Est @ 5.37% 8,828.80
2025 12,889.07 Est @ 3.91% 8,668.82
2026 13,261.78 Est @ 2.89% 8,428.14
2027 13,550.52 Est @ 2.18% 8,137.23
2028 13,777.76 Est @ 1.68% 7,817.91
Present value of next 10 years cash flows CN¥82,351.69
WBAG:GRU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥13,777.76 × (1 + 0.51%) ÷ (5.83% – 0.51%)
CN¥260,301.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥260,301.25 ÷ (1 + 5.83%)10
CN¥147,702.65
WBAG:GRU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥82,351.69 + CN¥147,702.65
CN¥230,054.35
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥230,054.35 / 9,071.07
CN¥225.27
WBAG:GRU Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:175)
1.169
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥25.36 x 1.169
HK$29.66
Non-primary Listing Adjustment Factor 1 share in WBAG:GRU represents 0.11258x of SEHK:175
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11258x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 29.66 x 0.11258
€3.34
Value per share (EUR) From above. €3.34
Current discount Discount to share price of €2.04
= -1 x (€2.04 - €3.34) / €3.34
38.9%

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

Current Discount
Amount off the current price Geely Automobile Holdings is available for.
Intrinsic value
39%
Share price is €2.04 vs Future cash flow value of €3.34
Current Discount Checks
For Geely Automobile Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Geely Automobile Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Geely Automobile Holdings's share price is below the future cash flow value, but not 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 Geely Automobile Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Geely Automobile Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:GRU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥1.40
SEHK:175 Share Price ** SEHK (2019-04-18) in HKD HK$18.12
SEHK:175 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥15.49
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 Geely Automobile Holdings.

WBAG:GRU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:175 Share Price ÷ EPS (both in CNY)

= 15.49 ÷ 1.40

11.08x

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

  • Geely Automobile Holdings is overvalued based on earnings compared to the Europe Auto industry average.
  • Geely Automobile Holdings is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does Geely Automobile Holdings's expected growth come at a high price?
Raw Data
WBAG:GRU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts
9.4%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:GRU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.08x ÷ 9.4%

1.18x

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

  • Geely Automobile Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Geely Automobile Holdings's assets?
Raw Data
WBAG:GRU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥5.00
SEHK:175 Share Price * SEHK (2019-04-18) in HKD HK$18.12
SEHK:175 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥15.49
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:GRU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:175 Share Price ÷ Book Value per Share (both in CNY)

= 15.49 ÷ 5.00

3.1x

* Primary Listing of Geely Automobile Holdings.

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

  • Geely Automobile Holdings is overvalued based on assets compared to the Europe Auto industry average.
X
Value checks
We assess Geely Automobile Holdings'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. Geely Automobile Holdings has a total score of 2/6, 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 Geely Automobile Holdings expected to perform in the next 1 to 3 years based on estimates from 29 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
9.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Geely Automobile Holdings expected to grow at an attractive rate?
  • Geely Automobile Holdings's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Geely Automobile Holdings's earnings growth is expected to exceed the Austria market average.
  • Geely Automobile Holdings's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:GRU Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:GRU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts 9.4%
WBAG:GRU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 29 Analysts 7%
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:GRU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:GRU Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 130,156 18,132 16,286 20
2020-12-31 123,973 17,217 15,397 29
2019-12-31 111,839 15,579 13,219 28
WBAG:GRU Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 106,595 13,925 12,553
2018-09-30 106,820 11,726 12,757
2018-06-30 107,046 9,526 12,960
2018-03-31 99,903 10,760 11,797
2017-12-31 92,761 11,994 10,634
2017-09-30 83,908 12,519 9,091
2017-06-30 75,056 13,044 7,549
2017-03-31 64,389 10,691 6,331
2016-12-31 53,722 8,338 5,112
2016-09-30 44,071 7,552 3,938
2016-06-30 34,421 6,766 2,763
2016-03-31 32,279 7,087 2,512

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Geely Automobile Holdings's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
  • Geely Automobile Holdings's revenue is expected to grow by 7% 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:GRU 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 29 Analyst Estimates (S&P Global) See Below

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

WBAG:GRU Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.79 2.19 1.44 17.00
2020-12-31 1.68 2.71 1.37 24.00
2019-12-31 1.45 1.60 1.25 25.00
WBAG:GRU Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 1.40
2018-09-30 1.42
2018-06-30 1.45
2018-03-31 1.32
2017-12-31 1.19
2017-09-30 1.02
2017-06-30 0.85
2017-03-31 0.72
2016-12-31 0.58
2016-09-30 0.45
2016-06-30 0.31
2016-03-31 0.29

*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.
  • Geely Automobile Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Geely Automobile Holdings'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.
Geely Automobile Holdings has a total score of 4/6, 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 Geely Automobile Holdings 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 Geely Automobile Holdings'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.
  • Geely Automobile Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Geely Automobile Holdings's 1-year earnings growth is less than its 5-year average (18.1% vs 45.1%)
  • Geely Automobile Holdings's earnings growth has exceeded the Europe Auto industry average in the past year (18.1% vs 5.9%).
Earnings and Revenue History
Geely Automobile Holdings'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 Geely Automobile Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:GRU Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 106,595.13 12,553.21 8,315.03
2018-09-30 106,820.41 12,756.69 8,137.66
2018-06-30 107,045.68 12,960.18 7,960.29
2018-03-31 99,903.20 11,796.95 7,483.27
2017-12-31 92,760.72 10,633.72 7,006.25
2017-09-30 83,908.33 9,091.22 6,742.70
2017-06-30 75,055.95 7,548.72 6,479.15
2017-03-31 64,388.76 6,330.56 5,791.98
2016-12-31 53,721.58 5,112.40 5,104.82
2016-09-30 44,071.15 3,937.79 4,548.99
2016-06-30 34,420.72 2,763.18 3,993.15
2016-03-31 32,279.49 2,511.85 3,899.28
2015-12-31 30,138.26 2,260.53 3,805.41
2015-09-30 27,762.54 1,991.14 3,535.70
2015-06-30 25,386.82 1,721.74 3,265.99
2015-03-31 23,562.59 1,576.17 3,174.37
2014-12-31 21,738.36 1,430.59 3,082.74
2014-09-30 22,874.65 1,904.35 3,065.04
2014-06-30 24,010.94 2,378.11 3,047.35
2014-03-31 26,359.26 2,520.62 3,260.88
2013-12-31 28,707.57 2,663.14 3,474.42
2013-09-30 28,506.57 2,540.97 3,334.18
2013-06-30 28,305.56 2,418.81 3,193.94
2013-03-31 26,466.74 2,229.39 3,037.52
2012-12-31 24,627.91 2,039.97 2,881.11
2012-09-30 23,116.11 1,832.69 2,758.89
2012-06-30 21,604.30 1,625.42 2,636.67

*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.
  • Geely Automobile Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Geely Automobile Holdings used its assets more efficiently than the Europe Auto industry average last year based on Return on Assets.
  • Geely Automobile Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Geely Automobile Holdings'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.
Geely Automobile Holdings 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 Geely Automobile Holdings'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 Geely Automobile Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Geely Automobile Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Geely Automobile Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Geely Automobile Holdings'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 12.5x 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 Geely Automobile Holdings Company Filings, last reported 3 months ago.

WBAG:GRU Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 45,374.72 3,423.10 15,737.20
2018-09-30 45,374.72 3,423.10 15,737.20
2018-06-30 39,428.25 3,293.21 16,171.43
2018-03-31 39,428.25 3,293.21 16,171.43
2017-12-31 34,810.83 1,296.46 13,414.64
2017-09-30 34,810.83 1,296.46 13,414.64
2017-06-30 28,316.77 2,018.89 20,774.44
2017-03-31 28,316.77 2,018.89 20,774.44
2016-12-31 24,686.25 2,242.69 15,045.49
2016-09-30 24,686.25 2,242.69 15,045.49
2016-06-30 21,369.55 2,302.00 11,242.00
2016-03-31 21,369.55 2,302.00 11,242.00
2015-12-31 19,739.52 1,928.86 9,184.04
2015-09-30 19,739.52 1,928.86 9,184.04
2015-06-30 18,746.23 2,107.37 7,839.30
2015-03-31 18,746.23 2,107.37 7,839.30
2014-12-31 17,466.35 2,511.75 7,218.47
2014-09-30 17,466.35 2,511.75 7,218.47
2014-06-30 17,099.78 796.48 6,352.12
2014-03-31 17,099.78 796.48 6,352.12
2013-12-31 16,229.69 965.57 5,490.86
2013-09-30 16,229.69 965.57 5,490.86
2013-06-30 14,157.40 2,061.33 5,732.80
2013-03-31 14,157.40 2,061.33 5,732.80
2012-12-31 13,204.02 2,759.27 4,201.54
2012-09-30 13,204.02 2,759.27 4,201.54
2012-06-30 10,857.97 4,903.06 3,193.25
  • Geely Automobile Holdings's level of debt (7.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.9% vs 7.5% today).
  • Debt is well covered by operating cash flow (406.8%, greater than 20% of total debt).
  • Geely Automobile Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Geely Automobile Holdings'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. Geely Automobile Holdings has a total score of 4/6, 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 Geely Automobile Holdings'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
1.93%
Current annual income from Geely Automobile Holdings dividends. Estimated to be 2.43% next year.
If you bought €2,000 of Geely Automobile Holdings shares you are expected to receive €39 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?
  • Geely Automobile Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Geely Automobile Holdings'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:GRU 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 29 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:GRU Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.42 17.00
2020-12-31 0.39 24.00
2019-12-31 0.33 25.00
WBAG:GRU Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-21 0.298 2.163
2018-03-21 0.232 1.768
2017-03-22 0.096 0.647
2016-05-27 0.032 0.568
2015-05-29 0.020 0.698
2014-05-29 0.036 1.416
2013-05-16 0.030 1.152
2012-05-18 0.022 0.864
2011-03-23 0.021 1.056
2010-04-19 0.020 0.725
2010-04-12 0.020 0.618
2009-04-22 0.014 0.711
2009-04-20 0.014 1.631

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Geely Automobile Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess Geely Automobile Holdings'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 Geely Automobile Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Geely Automobile Holdings has a total score of 4/6, 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 Geely Automobile Holdings'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
Sheng Gui
COMPENSATION CN¥6,260,000
AGE 54
TENURE AS CEO 13.2 years
CEO Bio

Mr. Sheng Yue Gui has been the Chief Executive Officer at Geely Automobile Holdings Ltd. since February 23, 2006. Mr. Gui served as the Chief Executive Officer at Zhejiang Geely Holding Group Co., Ltd. and Geely Group Co., Ltd. He has over 20 years experience in administration and project management. He also worked with China Resources (Holdings) Company Limited. He has been an Executive Director of Geely Automobile Holdings Ltd. since June 9, 2005. He serves as a Non-executive Director of Manganese Bronze Holdings Plc. He serves as a Director of Zhejiang Geely Holding (Group) Co., Ltd. and Geely Group Co., Ltd. Mr. Gui holds a Bachelor of Science degree in mechanical engineering from Xian Jiaotong University and a Master degree in business administration from University of San Francisco.

CEO Compensation
  • Sheng's compensation has been consistent with company performance over the past year.
  • Insufficient data for Sheng to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Geely Automobile Holdings management team in years:

9.5
Average Tenure
49
Average Age
  • The average tenure for the Geely Automobile Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sheng Gui

TITLE
CEO & Executive Director
COMPENSATION
CN¥6M
AGE
54
TENURE
13.2 yrs

Jian Yang

TITLE
Executive Vice Chairman
COMPENSATION
CN¥774K
AGE
56

Daniel Li

TITLE
Executive Vice Chairman
COMPENSATION
CN¥464K
AGE
48

Lawrence Ang

TITLE
Executive Director
COMPENSATION
CN¥5M
AGE
58

Mei Wei

TITLE
Executive Director
COMPENSATION
CN¥734K
AGE
49

Cong Hui An

TITLE
Executive Director
COMPENSATION
CN¥370K
AGE
48

David Cheung

TITLE
Financial Controller & Company Secretary
AGE
42
TENURE
13.9 yrs

Daniel Dai

TITLE
Head of Investor Relation Department
AGE
63

Xiao Dong Sun

TITLE
Head of Sales Division and Vice President of the Brand Development & Product Planning
TENURE
5.9 yrs

Chi Poon

TITLE
Head of Internal Audit
AGE
38
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the Geely Automobile Holdings board of directors in years:

12.3
Average Tenure
51.5
Average Age
  • The average tenure for the Geely Automobile Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

ShuFu Li

TITLE
Chairman
COMPENSATION
CN¥343K
AGE
55
TENURE
13.8 yrs

Sheng Gui

TITLE
CEO & Executive Director
COMPENSATION
CN¥6M
AGE
54
TENURE
13.8 yrs

Jian Yang

TITLE
Executive Vice Chairman
COMPENSATION
CN¥774K
AGE
56
TENURE
10.8 yrs

Daniel Li

TITLE
Executive Vice Chairman
COMPENSATION
CN¥464K
AGE
48
TENURE
2.8 yrs

Lawrence Ang

TITLE
Executive Director
COMPENSATION
CN¥5M
AGE
58
TENURE
15.2 yrs

Mei Wei

TITLE
Executive Director
COMPENSATION
CN¥734K
AGE
49
TENURE
8.3 yrs

Cong Hui An

TITLE
Executive Director
COMPENSATION
CN¥370K
AGE
48
TENURE
7.3 yrs

Dannis Lee

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥357K
AGE
48
TENURE
16.8 yrs

Alex Yeung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥357K
AGE
68
TENURE
13.8 yrs

William Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥395K
AGE
44
TENURE
6.9 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 (€)
03. May 18 Buy Zhejiang Geely Holding Group Co.,Ltd Company 02. May 18 02. May 18 20,154,000 €2.29 €46,064,565
X
Management checks
We assess Geely Automobile Holdings'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. Geely Automobile Holdings 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

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China. The company engages in the research and development, production, marketing, and sale of automobiles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services. It primarily offers sedans, sport utility vehicles, and electric vehicle models. The company also provides vehicles design services. In addition, it is involved in the research and development of automobile engines and electric hybrid engines. The company also exports its products primarily to the Middle East, Europe, and Africa. The company is headquartered in Wan Chai, Hong Kong.

Details
Name: Geely Automobile Holdings Limited
GRU
Exchange: WBAG
Founded:
HK$18,638,584,725
9,071,068,540
Website: http://www.geelyauto.com.hk
Address: Geely Automobile Holdings Limited
Great Eagle Centre,
23rd Floor,
Wan Chai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 175 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 21. Oct 1997
OTCPK GELY.F Ordinary Shares Pink Sheets LLC US USD 21. Oct 1997
DB GRU Ordinary Shares Deutsche Boerse AG DE EUR 21. Oct 1997
LSE 0YZ2 Ordinary Shares London Stock Exchange GB HKD 21. Oct 1997
SHSC 175 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 21. Oct 1997
SZSC 175 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 21. Oct 1997
WBAG GRU Ordinary Shares Wiener Boerse AG AT EUR 21. Oct 1997
OTCPK GELY.Y UNSPONSORED ADR Pink Sheets LLC US USD 04. Nov 2009
DB GRUA UNSPONSORED ADR Deutsche Boerse AG DE EUR 04. Nov 2009
Number of employees
Current staff
Staff numbers
52,400
Geely Automobile Holdings 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: 2019/04/10
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.