SEHK:1114

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Brilliance China Automotive Holdings

Executive Summary

Brilliance China Automotive Holdings Limited, an investment holding company, manufactures and sells BMW vehicles and automotive components in the People’s Republic of China and internationally. More Details


Snowflake Analysis

Solid track record and good value.

Share Price & News

How has Brilliance China Automotive Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1114's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.1%

1114

8.5%

HK Auto

-1.0%

HK Market


1 Year Return

-19.2%

1114

44.1%

HK Auto

0.4%

HK Market

Return vs Industry: 1114 underperformed the Hong Kong Auto industry which returned 47.3% over the past year.

Return vs Market: 1114 underperformed the Hong Kong Market which returned 1.4% over the past year.


Shareholder returns

1114IndustryMarket
7 Day3.1%8.5%-1.0%
30 Day-4.0%19.8%-3.2%
90 Day-6.3%44.5%1.4%
1 Year-14.9%-19.2%49.0%44.1%4.5%0.4%
3 Year-60.4%-66.8%-5.3%-14.4%-3.9%-14.2%
5 Year-4.9%-22.1%94.3%65.3%22.7%2.0%

Price Volatility Vs. Market

How volatile is Brilliance China Automotive Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Brilliance China Automotive Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1114 (HK$7.03) is trading below our estimate of fair value (HK$61.5)

Significantly Below Fair Value: 1114 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1114 is good value based on its PE Ratio (4.1x) compared to the HK Auto industry average (16x).

PE vs Market: 1114 is good value based on its PE Ratio (4.1x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: 1114's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 1114's PB Ratio (0.8x) is in line with the HK Auto industry average.


Next Steps

Future Growth

How is Brilliance China Automotive Holdings forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?

-10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1114's earnings are forecast to decline over the next 3 years (-10% per year).

Earnings vs Market: 1114's earnings are forecast to decline over the next 3 years (-10% per year).

High Growth Earnings: 1114's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 1114's revenue (7.4% per year) is forecast to grow slower than the Hong Kong market (13.2% per year).

High Growth Revenue: 1114's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1114's Return on Equity is forecast to be low in 3 years time (12.6%).


Next Steps

Past Performance

How has Brilliance China Automotive Holdings performed over the past 5 years?

16.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1114 has high quality earnings.

Growing Profit Margin: 1114's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: 1114's earnings have grown by 16.7% per year over the past 5 years.

Accelerating Growth: 1114's earnings growth over the past year (38%) exceeds its 5-year average (16.7% per year).

Earnings vs Industry: 1114 earnings growth over the past year (38%) exceeded the Auto industry -44%.


Return on Equity

High ROE: 1114's Return on Equity (17.1%) is considered low.


Next Steps

Financial Health

How is Brilliance China Automotive Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1114's short term assets (CN¥18.3B) exceed its short term liabilities (CN¥13.4B).

Long Term Liabilities: 1114's short term assets (CN¥18.3B) exceed its long term liabilities (CN¥684.6M).


Debt to Equity History and Analysis

Debt Level: 1114's debt to equity ratio (18.3%) is considered satisfactory.

Reducing Debt: 1114's debt to equity ratio has increased from 9.3% to 18.3% over the past 5 years.

Debt Coverage: 1114's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 1114's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Brilliance China Automotive Holdings's current dividend yield, its reliability and sustainability?

5.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1114's dividend (5.79%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 1114's dividend (5.79%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.89%).


Stability and Growth of Payments

Stable Dividend: 1114 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1114's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (6.8%), 1114's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1114's dividends in 3 years are forecast to be well covered by earnings (41.4% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Automobiles industry.

Management

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

10.4yrs

Average management tenure


CEO

Bingzhe Yan (57 yo)

1.42yrs

Tenure

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. ...


Leadership Team

NamePositionTenureCompensationOwnership
Xiao An Wu
Executive Chairman18.25yrsCN¥8.48m0.12%
CN¥ 43.6m
Bingzhe Yan
Executive Director & CEO1.42yrsno datano data
Zuming Qian
Chief Financial Officer12.17yrsCN¥2.00m0.012%
CN¥ 4.2m
Wei Zhang
Executive Director4yrsno datano data
Yu Huang
VP, Chief Accountant & Head of the Financial Department13.33yrsno datano data
Lisa Ng
Executive Vice Presidentno datano datano data
Baowei Sun
Executive Director & Executive VP of Supply Chain0.17yrno datano data
Nina Ma
Executive Director0.17yrno datano data
Yee Wah Lam
Company Secretary15.25yrsno datano data
Shen Yi
President of Shanghai Shenhua Holdings8.67yrsno datano data
Tongfu Liu
Vice General Manager of Auto Business Unit of Huachen4.5yrsno datano data

10.4yrs

Average Tenure

57yo

Average Age

Experienced Management: 1114's management team is seasoned and experienced (10.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Xiao An Wu
Executive Chairman18.25yrsCN¥8.48m0.12%
CN¥ 43.6m
Bingzhe Yan
Executive Director & CEO1.42yrsno datano data
Wei Zhang
Executive Director4yrsno datano data
Baowei Sun
Executive Director & Executive VP of Supply Chain0.17yrno datano data
Nina Ma
Executive Director0.17yrno datano data
Jian Song
Independent Non-Executive Director16yrsCN¥222.00kno data
Bo Jiang
Independent Non-Executive Director16yrsCN¥222.00kno data
Bingjin Xu
Independent Non-Executive Director17.25yrsCN¥222.00kno data

10.0yrs

Average Tenure

58yo

Average Age

Experienced Board: 1114's board of directors are seasoned and experienced ( 10 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Brilliance China Automotive Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brilliance China Automotive Holdings Limited
  • Ticker: 1114
  • Exchange: SEHK
  • Founded: 1992
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: HK$35.468b
  • Shares outstanding: 5.05b
  • Website: https://www.brillianceauto.com

Number of Employees


Location

  • Brilliance China Automotive Holdings Limited
  • Chater House
  • Suites 1602-05
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1114SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 1999
CBADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1999
1114SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 1999
1114SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 1999
CBAWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJul 1999
BCAU.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDMar 2010

Biography

Brilliance China Automotive Holdings Limited, an investment holding company, manufactures and sells BMW vehicles and automotive components in the People’s Republic of China and internationally. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/21 19:40
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.