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China Grand Automotive Services GroupSHSE:600297 Stock Report

Market Cap

CN¥20.4b

7D

1.6%

1Y

-24.2%

Updated

06 Dec, 2021

Data

Company Financials +
600297 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance3/6
Financial Health3/6
Dividends0/6

600297 Stock Overview

China Grand Automotive Services Group Co., Ltd.

China Grand Automotive Services Group Competitors

Zhongsheng Group Holdings

SEHK:881

HK$151.3b

China MeiDong Auto Holdings

SEHK:1268

HK$42.6b

China Yongda Automobiles Services Holdings

SEHK:3669

HK$21.6b

China ZhengTong Auto Services Holdings

SEHK:1728

HK$2.6b

Price History & Performance

Summary of all time highs, changes and price drops for China Grand Automotive Services Group
Historical stock prices
Current Share PriceCN¥2.54
52 Week HighCN¥3.49
52 Week LowCN¥2.31
Beta0.41
1 Month Change-1.55%
3 Month Change-20.87%
1 Year Change-24.18%
3 Year Change-40.52%
5 Year Change-60.41%
Change since IPO-81.97%

Recent News & Updates

Shareholder Returns

600297CN Specialty RetailCN Market
7D1.6%2.9%-0.4%
1Y-24.2%-7.2%7.5%

Return vs Industry: 600297 underperformed the CN Specialty Retail industry which returned -6.2% over the past year.

Return vs Market: 600297 underperformed the CN Market which returned 8% over the past year.

Price Volatility

Is 600297's price volatile compared to industry and market?
600297 volatility
600297 Average Weekly Movement4.5%
Specialty Retail Industry Average Movement5.3%
Market Average Movement6.1%
10% most volatile stocks in CN Market9.9%
10% least volatile stocks in CN Market3.5%

Stable Share Price: 600297 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 600297's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a43,902Xinming Wanghttps://www.chinagrandauto.com

China Grand Automotive Services Group Co., Ltd. operates as a luxury passenger car dealer in China. It offers new and used passenger cars and spare parts, as well as provides car rental, financial leasing, repair and maintenance, and after-sales services.

China Grand Automotive Services Group Fundamentals Summary

How do China Grand Automotive Services Group's earnings and revenue compare to its market cap?
600297 fundamental statistics
Market CapCN¥20.42b
Earnings (TTM)CN¥1.83b
Revenue (TTM)CN¥171.47b

11.2x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600297 income statement (TTM)
RevenueCN¥171.47b
Cost of RevenueCN¥157.29b
Gross ProfitCN¥14.19b
ExpensesCN¥12.35b
EarningsCN¥1.83b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin8.27%
Net Profit Margin1.07%
Debt/Equity Ratio116.6%

How did 600297 perform over the long term?

See historical performance and comparison

Valuation

Is China Grand Automotive Services Group undervalued compared to its fair value and its price relative to the market?

11.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600297 (CN¥2.54) is trading above our estimate of fair value (CN¥0.49)

Significantly Below Fair Value: 600297 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600297 is good value based on its PE Ratio (11.2x) compared to the CN Specialty Retail industry average (21.8x).

PE vs Market: 600297 is good value based on its PE Ratio (11.2x) compared to the CN market (37x).


Price to Earnings Growth Ratio

PEG Ratio: 600297 is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: 600297 is good value based on its PB Ratio (0.5x) compared to the CN Specialty Retail industry average (1.8x).


Future Growth

How is China Grand Automotive Services Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

25.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600297's forecast earnings growth (25.1% per year) is above the savings rate (3.3%).

Earnings vs Market: 600297's earnings (25.1% per year) are forecast to grow slower than the CN market (25.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 600297's revenue (4.4% per year) is forecast to grow slower than the CN market (19.1% per year).

High Growth Revenue: 600297's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600297's Return on Equity is forecast to be low in 3 years time (6.9%).


Past Performance

How has China Grand Automotive Services Group performed over the past 5 years?

-13.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600297 has high quality earnings.

Growing Profit Margin: 600297's current net profit margins (1.1%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: 600297's earnings have declined by 13.3% per year over the past 5 years.

Accelerating Growth: 600297's earnings growth over the past year (9.9%) exceeds its 5-year average (-13.3% per year).

Earnings vs Industry: 600297 earnings growth over the past year (9.9%) underperformed the Specialty Retail industry 11.3%.


Return on Equity

High ROE: 600297's Return on Equity (4.8%) is considered low.


Financial Health

How is China Grand Automotive Services Group's financial position?


Financial Position Analysis

Short Term Liabilities: 600297's short term assets (CN¥72.5B) exceed its short term liabilities (CN¥65.9B).

Long Term Liabilities: 600297's short term assets (CN¥72.5B) exceed its long term liabilities (CN¥16.8B).


Debt to Equity History and Analysis

Debt Level: 600297's net debt to equity ratio (76.7%) is considered high.

Reducing Debt: 600297's debt to equity ratio has reduced from 167.9% to 116.6% over the past 5 years.

Debt Coverage: 600297's debt is not well covered by operating cash flow (7.2%).

Interest Coverage: 600297's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Dividend

What is China Grand Automotive Services Group current dividend yield, its reliability and sustainability?

1.60%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 600297's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 600297's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 600297's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 600297's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 600297 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 600297's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average board tenure


CEO

Xinming Wang (48 yo)

no data

Tenure

Mr. Xinming Wang has been the President and Executive Director of Grand Baoxin Auto Group Limited since June 21, 2016. Mr. Wang has been the President of CGA since May 2016. He serves as President and Dire...


Board Members

Experienced Board: 600297's board of directors are considered experienced (4.5 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China Grand Automotive Services Group Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: China Grand Automotive Services Group Co., Ltd.
  • Ticker: 600297
  • Exchange: SHSE
  • Founded: NaN
  • Industry: Automotive Retail
  • Sector: Retail
  • Market Cap: CN¥20.420b
  • Shares outstanding: 8.04b
  • Website: https://www.chinagrandauto.com

Number of Employees


Location

  • China Grand Automotive Services Group Co., Ltd.
  • No. 3998, Hongyu Road
  • Hongqiao Town
  • Shanghai
  • 201103
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/06 15:48
End of Day Share Price2021/12/06 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.