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Brilliance China Automotive Holdings

SEHK:1114
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1114
SEHK
HK$47B
Market Cap
  1. Home
  2. HK
  3. Automobiles
Company description

Brilliance China Automotive Holdings Limited, an investment holding company, manufactures and sells non-BMW automobiles and automotive components, and provides auto financing services in the People’s Republic of China and internationally. The last earnings update was 83 days ago. More info.


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  • Brilliance China Automotive Holdings has significant price volatility in the past 3 months.
1114 Share Price and Events
7 Day Returns
3.7%
SEHK:1114
1.7%
HK Auto
1%
HK Market
1 Year Returns
-19%
SEHK:1114
-11.4%
HK Auto
-4.7%
HK Market
1114 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brilliance China Automotive Holdings (1114) 3.7% 15.8% -2.7% -19% 4.6% -34.8%
HK Auto 1.7% 7.9% -19.6% -11.4% 0.5% -7.9%
HK Market 1% 3.9% -7.8% -4.7% 17.5% 2%
1 Year Return vs Industry and Market
  • 1114 underperformed the Auto industry which returned -11.4% over the past year.
  • 1114 underperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
1114
Industry
5yr Volatility vs Market

1114 Value

 Is Brilliance China Automotive 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
  • It is not possible to calculate the future cash flow value for Brilliance China Automotive Holdings. This is due to cash flow or dividend data being unavailable. The share price is HK$9.33.
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 Brilliance China Automotive Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brilliance China Automotive Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1114 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥1.15
SEHK:1114 Share Price ** SEHK (2019-07-18) in HKD HK$9.33
SEHK:1114 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥8.21
Hong Kong Auto Industry PE Ratio Median Figure of 10 Publicly-Listed Auto Companies 9.13x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.82x

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

** Primary Listing of Brilliance China Automotive Holdings.

SEHK:1114 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1114 Share Price ÷ EPS (both in CNY)

= 8.21 ÷ 1.15

7.11x

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

  • Brilliance China Automotive Holdings is good value based on earnings compared to the HK Auto industry average.
  • Brilliance China Automotive Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Brilliance China Automotive Holdings's expected growth come at a high price?
Raw Data
SEHK:1114 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
12.1%per year
Hong Kong Auto Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Companies 1.19x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:1114 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.11x ÷ 12.1%

0.59x

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

  • Brilliance China Automotive Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Brilliance China Automotive Holdings's assets?
Raw Data
SEHK:1114 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥6.16
SEHK:1114 Share Price * SEHK (2019-07-18) in HKD HK$9.33
SEHK:1114 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥8.21
Hong Kong Auto Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Companies 0.87x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:1114 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1114 Share Price ÷ Book Value per Share (both in CNY)

= 8.21 ÷ 6.16

1.33x

* Primary Listing of Brilliance China Automotive Holdings.

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

  • Brilliance China Automotive Holdings is overvalued based on assets compared to the HK Auto industry average.
X
Value checks
We assess Brilliance China Automotive 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. Brilliance China Automotive Holdings has a total score of 3/6, 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.

1114 Future Performance

 How is Brilliance China Automotive Holdings expected to perform in the next 1 to 3 years based on estimates from 23 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
12.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brilliance China Automotive Holdings expected to grow at an attractive rate?
  • Brilliance China Automotive Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Brilliance China Automotive Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Brilliance China Automotive Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1114 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1114 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts 12.1%
SEHK:1114 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 9.1%
Hong Kong Auto Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Hong Kong Auto Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 13.5%

*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
SEHK:1114 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1114 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,681 -403 8,375 18
2020-12-31 5,176 -322 7,693 22
2019-12-31 4,514 -313 6,790 23
SEHK:1114 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 4,377 -2,830 5,821
2018-09-30 4,566 -3,483 5,726
2018-06-30 4,755 -4,137 5,632
2018-03-31 5,030 -3,342 5,004
2017-12-31 5,305 -2,547 4,376
2017-09-30 5,391 -1,768 4,283
2017-06-30 5,477 -989 4,191
2017-03-31 5,301 -927 3,936
2016-12-31 5,125 -865 3,682
2016-09-30 5,208 -960 3,534
2016-06-30 5,290 -1,055 3,386
2016-03-31 5,077 -1,038 3,440

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brilliance China Automotive Holdings's earnings are expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).
  • Brilliance China Automotive Holdings's revenue is expected to grow by 9.1% 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
SEHK:1114 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

All data from Brilliance China Automotive Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1114 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.64 2.03 1.18 19.00
2020-12-31 1.51 1.79 1.20 23.00
2019-12-31 1.34 1.54 1.11 24.00
SEHK:1114 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 1.15
2018-09-30 1.13
2018-06-30 1.12
2018-03-31 0.99
2017-12-31 0.87
2017-09-30 0.85
2017-06-30 0.83
2017-03-31 0.78
2016-12-31 0.73
2016-09-30 0.70
2016-06-30 0.67
2016-03-31 0.68

*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.
  • Brilliance China Automotive Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Brilliance China Automotive 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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
Brilliance China Automotive Holdings has a total score of 2/6, 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.

1114 Past Performance

  How has Brilliance China Automotive 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 Brilliance China Automotive 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.
  • Brilliance China Automotive Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Brilliance China Automotive Holdings's 1-year earnings growth exceeds its 5-year average (33% vs 4.6%)
  • Brilliance China Automotive Holdings's earnings growth has exceeded the HK Auto industry average in the past year (33% vs -5.8%).
Earnings and Revenue History
Brilliance China Automotive 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 Brilliance China Automotive Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1114 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 4,377.26 5,820.91 1,007.75
2018-09-30 4,565.99 5,726.32 1,009.14
2018-06-30 4,754.72 5,631.73 1,010.54
2018-03-31 5,029.72 5,003.93 1,032.75
2017-12-31 5,304.72 4,376.12 1,054.97
2017-09-30 5,390.65 4,283.41 1,061.73
2017-06-30 5,476.57 4,190.69 1,068.48
2017-03-31 5,300.84 3,936.38 1,031.77
2016-12-31 5,125.12 3,682.07 995.06
2016-09-30 5,207.69 3,534.11 982.81
2016-06-30 5,290.26 3,386.15 970.56
2016-03-31 5,076.56 3,440.44 955.82
2015-12-31 4,862.86 3,494.73 941.09
2015-09-30 4,970.01 3,590.36 950.85
2015-06-30 5,077.16 3,685.98 960.62
2015-03-31 5,295.98 4,544.71 973.69
2014-12-31 5,514.80 5,403.43 986.76
2014-09-30 5,771.08 5,187.85 985.76
2014-06-30 6,027.36 4,972.26 984.76
2014-03-31 6,065.42 4,173.23 996.25
2013-12-31 6,103.49 3,374.20 1,007.75
2013-09-30 5,890.62 3,186.39 978.35
2013-06-30 5,677.75 2,998.58 948.95
2013-03-31 5,796.87 2,649.80 913.41
2012-12-31 5,915.99 2,301.02 877.88
2012-09-30 6,000.91 2,252.18 842.89

*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.
  • Brilliance China Automotive Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brilliance China Automotive Holdings used its assets more efficiently than the HK Auto industry average last year based on Return on Assets.
  • It is difficult to establish if Brilliance China Automotive Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Brilliance China Automotive 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.
Brilliance China Automotive Holdings has a total score of 4/6, 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.

1114 Health

 How is Brilliance China Automotive 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 Brilliance China Automotive Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brilliance China Automotive Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Brilliance China Automotive Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Brilliance China Automotive 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.8x 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 Brilliance China Automotive Holdings Company Filings, last reported 6 months ago.

SEHK:1114 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 31,824.82 5,100.60 2,886.77
2018-09-30 31,824.82 5,100.60 2,886.77
2018-06-30 30,004.43 4,526.40 1,954.21
2018-03-31 30,004.43 4,526.40 1,954.21
2017-12-31 26,700.21 5,189.50 1,775.48
2017-09-30 26,700.21 5,189.50 1,775.48
2017-06-30 25,595.53 1,847.00 1,118.35
2017-03-31 25,595.53 1,847.00 1,118.35
2016-12-31 22,598.52 2,711.50 1,134.08
2016-09-30 22,598.52 2,711.50 1,134.08
2016-06-30 21,592.73 1,235.00 1,996.30
2016-03-31 21,592.73 1,235.00 1,996.30
2015-12-31 19,063.68 2,659.73 1,746.89
2015-09-30 19,063.68 2,659.73 1,746.89
2015-06-30 17,459.31 1,603.50 2,782.82
2015-03-31 17,459.31 1,603.50 2,782.82
2014-12-31 15,953.93 1,931.43 1,324.71
2014-09-30 15,953.93 1,931.43 1,324.71
2014-06-30 15,741.84 1,290.00 2,575.36
2014-03-31 15,741.84 1,290.00 2,575.36
2013-12-31 12,141.35 2,306.99 1,077.20
2013-09-30 12,141.35 2,306.99 1,077.20
2013-06-30 10,802.35 1,365.00 969.19
2013-03-31 10,802.35 1,365.00 969.19
2012-12-31 9,198.47 2,211.79 894.07
2012-09-30 9,198.47 2,211.79 894.07
  • Brilliance China Automotive Holdings's level of debt (16%) 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 (18.8% vs 16% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Brilliance China Automotive Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Brilliance China Automotive 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. Brilliance China Automotive Holdings has a total score of 3/6, 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.

1114 Dividends

 What is Brilliance China Automotive 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
1.15%
Current annual income from Brilliance China Automotive Holdings dividends. Estimated to be 1.48% next year.
If you bought HK$2,000 of Brilliance China Automotive Holdings shares you are expected to receive HK$23 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?
  • Brilliance China Automotive Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Brilliance China Automotive Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
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
SEHK:1114 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 23 Analyst Estimates (S&P Global) See Below
Hong Kong Auto Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3.3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1114 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.15 16.00
2020-12-31 0.12 21.00
2019-12-31 0.10 22.00
SEHK:1114 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-26 0.094 1.349
2019-03-26 0.094 1.307
2018-09-26 0.094 1.543
2018-08-24 0.095 0.927
2018-04-26 0.089 0.865
2018-03-28 0.088 0.730
2017-09-21 0.088 0.542
2017-08-25 0.091 0.522
2017-04-27 0.093 0.705
2017-03-24 0.097 0.863
2016-09-27 0.095 1.033
2016-08-26 0.094 1.214
2016-04-26 0.092 1.367
2016-03-24 0.092 1.417
2015-09-09 0.090 1.273
2015-08-21 0.090 1.245
2015-04-21 0.088 0.948
2015-03-26 0.088 0.711
2014-09-03 0.087 0.815
2014-08-19 0.087 0.777
2014-04-16 0.079 0.741
2014-03-27 0.080 0.825
2013-08-21 0.156 1.647
2013-08-13 0.158 1.817

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

  • Brilliance China Automotive Holdings is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
  • Brilliance China Automotive Holdings is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Brilliance China Automotive Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Brilliance China Automotive Holdings's dividends as it is not paying a notable one for Hong Kong.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (11.3x coverage).
X
Income/ dividend checks
We assess Brilliance China Automotive Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Brilliance China Automotive Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brilliance China Automotive Holdings has a total score of 1/6, see the detailed checks below.


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

1114 Management

 What is the CEO of Brilliance China Automotive 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
Bingzhe Yan
AGE 56
TENURE AS CEO 0.3 years
CEO Bio

Mr. Yan Bingzhe has been Executive Director and Chief Executive Officer of Brilliance China Automotive Holdings Limited since April 12, 2019. Mr. Yan has been appointed as a Director of RBJAC and BBA. Mr. Yan has been appointed as the Chairman of Huachen Automotive Group Holdings Company Limited, the controlling shareholder of the Company, since April 2019. Mr. Yan has once served various positions in Shenyang Municipal Government since 2006, including but not limited to Chief Executive of Shenbei District, Director of Shenyang Municipal Planning and Land & Resources Administration, Chief Executive of Tiexi District, as well as the Director of Shenyang Economic and Technological Development Zone Commission. From October 2010 to October 2012, Mr. Yan was the Secretary-General of Shenyang Municipal Government. From July 2016 to February 2018, Mr. Yan was the Director of Shenyang Municipal Development and Reform Commission. From August 2017 to March 2019, Mr. Yan was the Vice Mayor of Shenyang. Mr. Yan obtained a bachelor’s degree of arts from Northeast Normal University in the People’s Republic of China (the “PRC”) in 1989 and a PhD in philosophy of science and technology from the School of Humanities and Law Northeastern University in the PRC in 2005.

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

Average tenure and age of the Brilliance China Automotive Holdings management team in years:

9.3
Average Tenure
56
Average Age
  • The average tenure for the Brilliance China Automotive Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Xiao An Wu

TITLE
Chairman
COMPENSATION
CN¥8M
AGE
57

Zuming Qian

TITLE
CFO & Executive Director
COMPENSATION
CN¥2M
AGE
56
TENURE
11 yrs

Wei Zhang

TITLE
Executive Director
AGE
46

Bingzhe Yan

TITLE
Executive Director & CEO
AGE
56
TENURE
0.3 yrs

Yu Huang

TITLE
VP, Chief Accountant & Head of the Financial Department
AGE
45
TENURE
12.2 yrs

Lisa Ng

TITLE
Executive Vice President

Eva Lam

TITLE
Company Secretary
AGE
59
TENURE
14.1 yrs

Shen Yi

TITLE
President of Shanghai Shenhua Holdings
TENURE
7.5 yrs

Tongfu Liu

TITLE
Vice General Manager of Auto Business Unit of Huachen
AGE
54
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Brilliance China Automotive Holdings board of directors in years:

14.8
Average Tenure
57
Average Age
  • The average tenure for the Brilliance China Automotive Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Xiao An Wu

TITLE
Chairman
COMPENSATION
CN¥8M
AGE
57
TENURE
17.1 yrs

Zuming Qian

TITLE
CFO & Executive Director
COMPENSATION
CN¥2M
AGE
56
TENURE
2.8 yrs

Wei Zhang

TITLE
Executive Director
AGE
46
TENURE
2.8 yrs

Bingzhe Yan

TITLE
Executive Director & CEO
AGE
56
TENURE
0.3 yrs

Bingjin Xu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥212K
AGE
80
TENURE
16.1 yrs

Jian Song

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥212K
AGE
62
TENURE
14.8 yrs

Bo Jiang

TITLE
Independent Non Executive Director
COMPENSATION
CN¥212K
AGE
61
TENURE
14.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
15. Jul 19 Buy Baillie Gifford & Co. Company 12. Jul 19 12. Jul 19 17,022,000 HK$8.75 HK$148,899,949
05. Jul 19 Buy Baillie Gifford & Co. Company 04. Jul 19 04. Jul 19 4,240,000 HK$8.92 HK$37,807,229
05. Jul 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 02. Jul 19 02. Jul 19 -1,102,208 HK$8.99 HK$-9,909,620
19. Jun 19 Buy Baillie Gifford & Co. Company 18. Jun 19 18. Jun 19 22,240,000 HK$8.09 HK$179,850,493
03. Jun 19 Buy GIC Pte. Ltd. Company 31. May 19 31. May 19 1,668,000 HK$7.92 HK$13,213,559
29. Apr 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 24. Apr 19 24. Apr 19 -2,100,352 HK$9.17 HK$-19,264,222
19. Apr 19 Sell Franklin Resources, Inc. Company 17. Apr 19 17. Apr 19 -11,561,600 HK$9.10 HK$-105,163,122
04. Apr 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 01. Apr 19 01. Apr 19 -4,930,827 HK$7.91 HK$-39,006,784
02. Apr 19 Sell Franklin Resources, Inc. Company 29. Mar 19 29. Mar 19 -17,021,700 HK$7.83 HK$-133,198,192
02. Apr 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 28. Mar 19 28. Mar 19 5,455,057 HK$7.54 HK$41,122,408
11. Mar 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 06. Mar 19 06. Mar 19 -4,997,929 HK$8.12 HK$-40,567,189
08. Mar 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 05. Mar 19 05. Mar 19 9,207,563 HK$7.98 HK$73,521,438
28. Feb 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 25. Feb 19 25. Feb 19 -5,043,314 HK$8.04 HK$-40,540,189
22. Feb 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 19. Feb 19 19. Feb 19 -1,572,395 HK$7.42 HK$-11,659,461
25. Feb 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 20. Feb 19 20. Feb 19 4,097,793 HK$7.52 HK$30,796,142
03. Jan 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 28. Dec 18 28. Dec 18 395,949 HK$5.52 HK$2,184,728
03. Jan 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 28. Dec 18 28. Dec 18 8,762,266 HK$5.52 HK$48,347,568
03. Jan 19 Sell Highbridge Capital Management, LLC Company 28. Dec 18 28. Dec 18 -375,949 HK$5.52 HK$-2,074,374
03. Jan 19 Sell J.P. Morgan Asset Management, Inc. Company 28. Dec 18 28. Dec 18 -2,000 HK$5.52 HK$-11,035
31. Dec 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 27. Dec 18 27. Dec 18 -5,261,811 HK$5.66 HK$-29,789,228
29. Nov 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 26. Nov 18 26. Nov 18 -9,626,775 HK$6.80 HK$-65,508,259
28. Nov 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 23. Nov 18 23. Nov 18 -8,645,569 HK$6.72 HK$-58,061,900
22. Nov 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 19. Nov 18 19. Nov 18 2,030,281 HK$6.87 HK$13,942,350
15. Nov 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 13. Nov 18 13. Nov 18 -5,294,526 HK$6.39 HK$-33,848,964
16. Nov 18 Buy Franklin Resources, Inc. Company 14. Nov 18 14. Nov 18 9,848,000 HK$6.63 HK$65,271,538
09. Nov 18 Buy GIC Pte. Ltd. Company 08. Nov 18 08. Nov 18 7,628,000 HK$6.95 HK$53,044,374
30. Oct 18 Buy GIC Pte. Ltd. Company 26. Oct 18 26. Oct 18 8,570,000 HK$6.46 HK$55,332,188
X
Management checks
We assess Brilliance China Automotive 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. Brilliance China Automotive 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.

1114 News

Simply Wall St News

What Kind Of Shareholders Own Brilliance China Automotive Holdings Limited (HKG:1114)?

The big shareholder groups in Brilliance China Automotive Holdings Limited (HKG:1114) have power over the company. … Brilliance China Automotive Holdings is a pretty big company. … Insider Ownership Of Brilliance China Automotive Holdings While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Is Brilliance China Automotive Holdings Limited (HKG:1114) Undervalued After Accounting For Its Future Growth?

Brilliance China Automotive Holdings Limited (HKG:1114) is considered a high-growth stock, but its last closing price of HK$8.72 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … A PE ratio of 6.66x and expected year-on-year earnings growth of 12% give Brilliance China Automotive Holdings a very low PEG ratio of 0.55x. … So, when we include the growth factor in our analysis, Brilliance China Automotive Holdings appears relatively cheap , based on fundamental analysis.

Simply Wall St -

What You Must Know About Brilliance China Automotive Holdings Limited's (HKG:1114) Financial Health

At this current level of debt, the current cash and short-term investment levels stands at CN¥2.9b to keep the business going. … At the current liabilities level of CN¥10b, the company arguably has a rather low level of current assets relative its obligations, with the current ratio last standing at 0.92x. … The current ratio is the number you get when you divide current assets by current liabilities.

Simply Wall St -

What Should You Know About Brilliance China Automotive Holdings Limited's (HKG:1114) Growth?

In December 2018, Brilliance China Automotive Holdings Limited (HKG:1114) announced its earnings update. … For Brilliance China Automotive Holdings, I've put together three essential factors you should look at: Financial Health: Does it have a healthy balance sheet? … Future Earnings: How does Brilliance China Automotive Holdings's growth rate compare to its peers and the wider market?

Simply Wall St -

Boasting A 17% Return On Equity, Is Brilliance China Automotive Holdings Limited (HKG:1114) A Top Quality Stock?

Check out our latest analysis for Brilliance China Automotive Holdings How Do You Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Brilliance China Automotive Holdings: 17% = CN¥5.8b ÷ CN¥32b (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Brilliance China Automotive Holdings's Debt And Its 17% Return On Equity Although Brilliance China Automotive Holdings does use debt, its debt to equity ratio of 0.16 is still low.

Simply Wall St -

Does Brilliance China Automotive Holdings Limited's (HKG:1114) P/E Ratio Signal A Buying Opportunity?

We'll look at Brilliance China Automotive Holdings Limited's (HKG:1114) P/E ratio and reflect on what it tells us about the company's share price. … Brilliance China Automotive Holdings has a P/E ratio of 6.41, based on the last twelve months. … How Do You Calculate Brilliance China Automotive Holdings's P/E Ratio

Simply Wall St -

Here's Why We Think Brilliance China Automotive Holdings (HKG:1114) Is Well Worth Watching

In contrast to all that, I prefer to spend time on companies like Brilliance China Automotive Holdings (HKG:1114), which has not only revenues, but also profits. … Brilliance China Automotive Holdings's Earnings Per Share Are Growing. … Brilliance China Automotive Holdings's EBIT margins are flat but, of some concern, its revenue is actually down.

Simply Wall St -

What Should We Expect From Brilliance China Automotive Holdings Limited's (HKG:1114) Earnings Over The Next Few Years?

In December 2018, Brilliance China Automotive Holdings Limited (HKG:1114) announced its latest earnings update, whicha

Simply Wall St -

Is Brilliance China Automotive Holdings Limited (HKG:1114) Undervalued After Accounting For Its Future Growth?

Brilliance China Automotive Holdings Limited (HKG:1114) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of HK$7.42 is based on unrealistic expectations. … Check out our latest analysis for Brilliance China Automotive Holdings? … According to the analysts covering the company, the following few years should bring about good growth prospects for Brilliance China Automotive Holdings

Simply Wall St -

Is Now The Time To Look At Buying Brilliance China Automotive Holdings Limited (HKG:1114)?

Brilliance China Automotive Holdings Limited (HKG:1114), which is in the auto business, and is based in Hong Kong,. … However, could the stock still be trading at a relatively cheap price. … Let’s examine Brilliance China Automotive Holdings’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

1114 Company Info

Description

Brilliance China Automotive Holdings Limited, an investment holding company, manufactures and sells non-BMW automobiles and automotive components, and provides auto financing services in the People’s Republic of China and internationally. The company offers minibuses under the JinBei, Renault, Haise, Grand Haise, and Granse brands, as well as multi-purpose vehicles under the Huasong brand. Its automotive components include moldings, seats, axles, safety and airbag systems, and interior decoration products, as well as engines for minibuses, sedans, sport utility vehicles, light duty trucks, etc. The company also offers sport activity vehicles. Brilliance China Automotive Holdings Limited has strategic partnerships and alliances with BMW, Toyota, Magna, Bosch, Continental, Delphi, TI Automotive, and Johnson Controls. The company was incorporated in 1992 and is headquartered in Central, Hong Kong.

Details
Name: Brilliance China Automotive Holdings Limited
1114
Exchange: SEHK
Founded: 1992
HK$47,223,721,471
5,045,269,388
Website: http://www.brillianceauto.com
Address: Brilliance China Automotive Holdings Limited
Chater House,
Suites 1602-05,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1114 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Jul 1999
DB CBA Ordinary Shares Deutsche Boerse AG DE EUR 19. Jul 1999
SHSC 1114 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 19. Jul 1999
SZSC 1114 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 19. Jul 1999
WBAG CBA Ordinary Shares Wiener Boerse AG AT EUR 19. Jul 1999
OTCPK BCAU.Y UNSPONSORD ADR Pink Sheets LLC US USD 01. Mar 2010
Number of employees
Current staff
Staff numbers
6,541
Brilliance China Automotive Holdings employees.
Industry
Automobile Manufacturers
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 12:36
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/04/26
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.