SAIC Motor Corporation Limited researches and develops, produces, and sells passenger cars and commercial vehicles in the People’s Republic of China and internationally.
Undervalued with excellent balance sheet and pays a dividend.
Share Price & News
How has SAIC Motor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 600104 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 600104 matched the CN Auto industry which returned -21.5% over the past year.
Return vs Market: 600104 underperformed the CN Market which returned -4.5% over the past year.
Price Volatility Vs. Market
How volatile is SAIC Motor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is SAIC Motor undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 600104 (CN¥20.53) is trading below our estimate of fair value (CN¥21.05)
Significantly Below Fair Value: 600104 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 600104 is good value based on its PE Ratio (8.2x) compared to the Auto industry average (22.5x).
PE vs Market: 600104 is good value based on its PE Ratio (8.2x) compared to the CN market (32.7x).
Price to Earnings Growth Ratio
PEG Ratio: 600104 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 600104 is good value based on its PB Ratio (1x) compared to the CN Auto industry average (1.1x).
How is SAIC Motor forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600104's forecast earnings growth (11.6% per year) is above the savings rate (3.2%).
Earnings vs Market: 600104's earnings (11.6% per year) are forecast to grow slower than the CN market (21.2% per year).
High Growth Earnings: 600104's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600104's revenue (4.2% per year) is forecast to grow slower than the CN market (15.8% per year).
High Growth Revenue: 600104's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 600104's Return on Equity is forecast to be low in 3 years time (11.5%).
How has SAIC Motor performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600104 has high quality earnings.
Growing Profit Margin: 600104's current net profit margins (3.6%) are lower than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: 600104's earnings have grown by 4.5% per year over the past 5 years.
Accelerating Growth: 600104's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 600104 had negative earnings growth (-22.2%) over the past year, making it difficult to compare to the Auto industry average (3.9%).
Return on Equity
High ROE: 600104's Return on Equity (13%) is considered low.
How is SAIC Motor's financial position?
Financial Position Analysis
Short Term Liabilities: 600104's short term assets (CN¥477.6B) exceed its short term liabilities (CN¥410.4B).
Long Term Liabilities: 600104's short term assets (CN¥477.6B) exceed its long term liabilities (CN¥98.7B).
Debt to Equity History and Analysis
Debt Level: 600104's debt to equity ratio (36%) is considered satisfactory.
Reducing Debt: 600104's debt to equity ratio has increased from 6.6% to 36% over the past 5 years.
Debt Coverage: 600104's debt is well covered by operating cash flow (60.3%).
Interest Coverage: 600104 earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: 600104 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 600104's debt is covered by short term assets (assets are 4.5x debt).
What is SAIC Motor's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600104's dividend (6.14%) is higher than the bottom 25% of dividend payers in the CN market (0.45%).
High Dividend: 600104's dividend (6.14%) is in the top 25% of dividend payers in the CN market (2%)
Stability and Growth of Payments
Stable Dividend: 600104's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600104's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.5%), 600104's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 600104's dividends in 3 years are forecast to be well covered by earnings (42.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Xiaoqiu Wang (55yo)
Mr. Xiaoqiu Wang serves as Vice Chairman of the Board at HUAYU Automotive Systems Company Limited. He has been President of SAIC Motor Corporation Limited since 2019 and serves as its Director since 2019 a ...
|VP & Acting CFO||no data||CN¥1.89m||no data|
|President & Director||1.17yrs||no data||no data|
|Head of Accounting Department||no data||no data||no data|
|Regional Head of Middle East||2.67yrs||no data||no data|
|VP & Chief Engineer||1.17yrs||no data||no data|
|Board Secretary||1.17yrs||no data||no data|
Experienced Management: 600104's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
|President & Director||1.17yrs||no data||no data|
|Chairman of the Board||5.75yrs||CN¥1.93m||0.000070% CN¥167.9k|
|Independent Director||3.83yrs||CN¥100.00k||no data|
|Employee Representative Supervisor||4.75yrs||no data||no data|
|Employee Representative Director||no data||CN¥1.69m||no data|
|Director||no data||no data||no data|
|Independent Director||4.75yrs||CN¥100.00k||no data|
|Employee representative Supervisor||3yrs||no data||no data|
|Independent Director||no data||CN¥58.30k||no data|
|Chairman of Board of Supervisors||1.17yrs||no data||no data|
Experienced Board: 600104's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SAIC Motor Corporation Limited's company bio, employee growth, exchange listings and data sources
- Name: SAIC Motor Corporation Limited
- Ticker: 600104
- Exchange: SHSE
- Industry: Automobile Manufacturers
- Sector: Automobiles
- Market Cap: CN¥239.861b
- Shares outstanding: 11.68b
- Website: https://www.saicmotor.com
Number of Employees
- SAIC Motor Corporation Limited
- No. 489 Weihai Road
- Jing'an District
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|600104||SHSE (Shanghai Stock Exchange)||Yes||Domestic Shares||CN||CNY||Dec 1997|
|600104||XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)||Yes||Domestic Shares||CN||CNY||Dec 1997|
SAIC Motor Corporation Limited researches and develops, produces, and sells passenger cars and commercial vehicles in the People’s Republic of China and internationally. It is also involved in the promotion and commercialization of new-energy vehicles and Internet vehicles; implementation of technical research and industrialization exploration, such as intelligent driving; and research and development, production, and sale of spare parts, including power drive systems, chassis systems, interior and exterior decoration systems, and core components of new-energy vehicles, such as battery, electronic drive and power electronics, and intelligent products systems. In addition, the company engages in the auto service and trading business comprising logistics, auto e-commerce, mobility, energy-saving, and recharging services; automobile-related finance, insurance, and investment businesses; international commerce and trade businesses; and industry big data and artificial intelligence fields deployment activities. SAIC Motor Corporation Limited is based in Shanghai, the People’s Republic of China. SAIC Motor Corporation Limited is a subsidiary of Shanghai Automotive Industry Corporation (Group).
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 15:05|
|End of Day Share Price||2020/03/27 00:00|
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.