Geely Automobile Holdings Limited

DB:GRU Stock Report

Market Cap: €19.0b

Geely Automobile Holdings Valuation

Is GRU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GRU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GRU (€1.89) is trading below our estimate of fair value (€3.48)

Significantly Below Fair Value: GRU is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GRU?

Key metric: As GRU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GRU. This is calculated by dividing GRU's market cap by their current earnings.
What is GRU's PE Ratio?
PE Ratio9.4x
EarningsCN¥15.37b
Market CapCN¥144.76b

Price to Earnings Ratio vs Peers

How does GRU's PE Ratio compare to its peers?

The above table shows the PE ratio for GRU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.5x
PAH3 Porsche Automobil Holding
2.9x19.3%€11.0b
VOW3 Volkswagen
3.6x9.2%€45.1b
BMW Bayerische Motoren Werke
6x3.3%€48.3b
P911 Dr. Ing. h.c. F. Porsche
13.4x11.3%€53.4b
GRU Geely Automobile Holdings
9.4x-3.3%€154.3b

Price-To-Earnings vs Peers: GRU is expensive based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (6.5x).

Price to Earnings Ratio vs Industry

How does GRU's PE Ratio compare vs other companies in the Global Auto Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
GRU 9.4xIndustry Avg. 15.2xNo. of Companies15PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GRU is good value based on its Price-To-Earnings Ratio (9.4x) compared to the Global Auto industry average (15.2x).

Price to Earnings Ratio vs Fair Ratio

What is GRU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GRU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.4x
Fair PE Ratio6.5x

Price-To-Earnings vs Fair Ratio: GRU is expensive based on its Price-To-Earnings Ratio (9.4x) compared to the estimated Fair Price-To-Earnings Ratio (6.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GRU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.89
€2.17
+14.9%
16.6%€2.82€1.36n/a26
Dec ’25€1.67
€2.10
+25.6%
15.9%€2.78€1.34n/a26
Nov ’25€1.66
€1.76
+6.1%
19.9%€2.54€1.29n/a26
Oct ’25€1.42
€1.55
+9.2%
15.3%€2.26€1.05n/a26
Sep ’25€1.02
€1.52
+49.5%
18.6%€2.36€1.04n/a27
Aug ’25€0.95
€1.59
+67.2%
17.2%€2.40€1.19n/a28
Jul ’25€1.06
€1.60
+51.4%
17.0%€2.41€1.20n/a27
Jun ’25€1.12
€1.61
+43.6%
17.0%€2.39€1.17n/a24
May ’25€1.15
€1.63
+42.7%
17.1%€2.43€1.19n/a24
Apr ’25€1.09
€1.60
+47.1%
17.7%€2.40€1.18n/a24
Mar ’25€1.02
€1.58
+54.6%
22.0%€2.41€0.71n/a23
Feb ’25€0.87
€1.59
+81.9%
21.6%€2.43€0.77n/a23
Jan ’25€0.99
€1.65
+66.1%
21.6%€2.43€0.76n/a21
Dec ’24€0.97
€1.64
+68.2%
22.0%€2.44€0.76€1.6722
Nov ’24€1.08
€1.66
+54.0%
21.2%€2.48€0.78€1.6624
Oct ’24€1.11
€1.66
+49.8%
21.2%€2.46€0.77€1.4224
Sep ’24€1.18
€1.58
+33.6%
19.0%€2.30€0.75€1.0224
Aug ’24€1.27
€1.63
+28.8%
17.7%€2.32€1.05€0.9524
Jul ’24€1.14
€1.61
+42.0%
17.6%€2.20€1.00€1.0624
Jun ’24€1.09
€1.63
+49.5%
17.1%€2.30€1.04€1.1223
May ’24€1.13
€1.62
+43.2%
17.1%€2.28€1.03€1.1523
Apr ’24€1.19
€1.67
+40.0%
17.1%€2.33€1.05€1.0923
Mar ’24€1.25
€2.02
+60.7%
22.6%€2.99€1.26€1.0226
Feb ’24€1.55
€2.10
+35.7%
23.3%€3.00€1.24€0.8726
Jan ’24€1.36
€2.14
+57.3%
21.8%€2.96€1.33€0.9927
Dec ’23€1.43
€2.26
+58.3%
24.8%€4.13€1.33€0.9726

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 05:01
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Geely Automobile Holdings Limited is covered by 65 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yang SongBarclays
Y. YeungBNP Paribas Securities (Asia)
Jia LouBOCI Research Ltd.