Great Wall Motor
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Great Wall Motor Company Limited manufactures and sells automobiles, and automotive parts and components. The last earnings update was 84 days ago. More info.
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- Great Wall Motor has significant price volatility in the past 3 months.
2333 Share Price and Events
7 Day Returns
1 Year Returns
2333 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Great Wall Motor (2333) | -1.1% | 0.2% | -19.6% | 2.2% | -25.3% | -47.7% |
| HK Auto | 2.7% | 1.9% | -18.1% | -9.7% | 0.6% | -9.3% |
| HK Market | 0.6% | 0.4% | -7% | -4.5% | 17.8% | 1.1% |
1 Year Return vs Industry and Market
- 2333 outperformed the Auto industry which returned -9.7% over the past year.
- 2333 outperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
Related Companies
Value
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
Here we compare the current
share
price of
Great Wall Motor
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Great Wall Motor.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 31 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6% |
| Auto Unlevered Beta | Simply Wall St/ S&P Global | 0.62 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.624 (1 + (1- 25%) (31.15%)) |
0.845 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.85 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.845 * 5.96%) |
7.04% |
Discounted Cash Flow Calculation for SEHK:2333 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Great Wall Motor is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 7.04%) |
|
|---|---|---|---|
| 2020 | 2,670.75 | Analyst x4 | 2,495.06 |
| 2021 | 3,277.83 | Analyst x4 | 2,860.76 |
| 2022 | 2,049.52 | Est @ -37.47% | 1,671.07 |
| 2023 | 1,524.22 | Est @ -25.63% | 1,161.01 |
| 2024 | 1,259.91 | Est @ -17.34% | 896.56 |
| 2025 | 1,114.55 | Est @ -11.54% | 740.94 |
| 2026 | 1,031.24 | Est @ -7.48% | 640.46 |
| 2027 | 983.47 | Est @ -4.63% | 570.61 |
| 2028 | 957.50 | Est @ -2.64% | 519.00 |
| 2029 | 945.55 | Est @ -1.25% | 478.80 |
| Present value of next 10 years cash flows | CN¥12,034.28 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= CN¥945.55 × (1 + 2%) ÷ (7.04% – 2%) |
CN¥19,141.98 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥19,141.98 ÷ (1 + 7.04%)10 |
CN¥9,693.07 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥12,034.28 + CN¥9,693.07 |
CN¥21,727.35 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥21,727.35 / 9,127.27 |
CN¥2.38 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:2333) |
1.135 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥2.38 x 1.135 |
HK$2.7 |
| Value per share (HKD) | From above. | HK$2.70 |
| Current discount | Discount to share price of
HK$5.59
= -1 x (HK$5.59 - HK$2.70) / HK$2.70 |
-107% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Great Wall Motor is above its future cash flow value.
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 Great Wall Motor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Great Wall Motor's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in CNY | CN¥0.43 |
| SEHK:2333 Share Price ** | SEHK (2019-07-22) in HKD | HK$5.59 |
| SEHK:2333 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.881 | CN¥4.93 |
| Hong Kong Auto Industry PE Ratio | Median Figure of 10 Publicly-Listed Auto Companies | 8.96x |
| Hong Kong Market PE Ratio | Median Figure of 1,512 Publicly-Listed Companies | 10.77x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Great Wall Motor.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:2333 Share Price ÷ EPS (both in CNY) = 4.93 ÷ 0.43 |
11.53x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Great Wall Motor is overvalued based on earnings compared to the HK Auto industry average.
- Great Wall Motor is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Great Wall Motor's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 11.53x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 31 Analysts |
15.7%per year |
| Hong Kong Auto Industry PEG Ratio | Median Figure of 7 Publicly-Listed Auto Companies | 0.79x |
| Hong Kong Market PEG Ratio | Median Figure of 481 Publicly-Listed Companies | 0.8x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 11.53x ÷ 15.7% |
0.74x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Great Wall Motor is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Great Wall Motor's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in CNY | CN¥5.85 |
| SEHK:2333 Share Price * | SEHK (2019-07-22) in HKD | HK$5.59 |
| SEHK:2333 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.881 | CN¥4.93 |
| Hong Kong Auto Industry PB Ratio | Median Figure of 13 Publicly-Listed Auto Companies | 0.86x |
| Hong Kong Market PB Ratio | Median Figure of 2,198 Publicly-Listed Companies | 0.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:2333 Share Price ÷ Book Value per Share (both in CNY) = 4.93 ÷ 5.85 |
0.84x |
* Primary Listing of Great Wall Motor.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Great Wall Motor is good value based on assets compared to the HK Auto industry average.
Value checks
We assess Great Wall Motor's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Auto industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Auto industry average (and greater than 0)? (1 check) Great Wall Motor has a total score of 2/6, 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.
Future Performance
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!
Earnings growth vs Low Risk Savings
- Great Wall Motor's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Great Wall Motor's earnings growth is expected to exceed the Hong Kong market average.
- Great Wall Motor's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:2333 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 31 Analysts | 15.7% |
| SEHK:2333 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 31 Analysts | 6% |
| Hong Kong Auto Industry Earnings Growth Rate | Market Cap Weighted Average | 8.7% |
| Hong Kong Auto Industry Revenue Growth Rate | Market Cap Weighted Average | 5.9% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.3% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.6% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 31 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 114,685 | 10,227 | 5,678 | 24 |
| 2020-12-31 | 111,828 | 9,741 | 5,166 | 31 |
| 2019-12-31 | 99,557 | 8,075 | 3,967 | 7 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 95,284 | 18,940 | 3,900 |
| 2018-12-31 | 99,230 | 19,698 | 5,207 |
| 2018-09-30 | 104,386 | 8,898 | 6,074 |
| 2018-06-30 | 108,592 | 5,348 | 6,303 |
| 2018-03-31 | 104,424 | 3,335 | 5,154 |
| 2017-12-31 | 101,169 | -1,059 | 5,027 |
| 2017-09-30 | 98,590 | 9,343 | 6,222 |
| 2017-06-30 | 98,199 | 12,799 | 8,045 |
| 2017-03-31 | 101,055 | 3,629 | 10,110 |
| 2016-12-31 | 98,616 | 8,835 | 10,551 |
| 2016-09-30 | 86,832 | 6,602 | 9,059 |
| 2016-06-30 | 80,561 | 7,132 | 8,268 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 31 Analyst Estimates (S&P Global) | See Below |
All data from Great Wall Motor Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.58 | 0.78 | 0.40 | 23.00 |
| 2020-12-31 | 0.55 | 0.75 | 0.36 | 29.00 |
| 2019-12-31 | 0.42 | 0.49 | 0.35 | 5.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.43 |
| 2018-12-31 | 0.57 |
| 2018-09-30 | 0.67 |
| 2018-06-30 | 0.69 |
| 2018-03-31 | 0.56 |
| 2017-12-31 | 0.55 |
| 2017-09-30 | 0.68 |
| 2017-06-30 | 0.88 |
| 2017-03-31 | 1.11 |
| 2016-12-31 | 1.16 |
| 2016-09-30 | 0.99 |
| 2016-06-30 | 0.91 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Great Wall Motor's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Great Wall Motor 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.
Past Performance
How has Great Wall Motor 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
Past Earnings growth analysis
- Great Wall Motor's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Great Wall Motor's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Great Wall Motor's 1-year earnings growth is negative, it can't be compared to the HK Auto industry average.
Earnings and Revenue History
All data from Great Wall Motor Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 95,284.30 | 3,899.61 | 5,987.39 | 1,868.20 |
| 2018-12-31 | 99,229.99 | 5,207.31 | 6,034.52 | 1,743.38 |
| 2018-09-30 | 104,385.68 | 6,074.37 | 5,728.08 | 2,589.29 |
| 2018-06-30 | 108,592.27 | 6,303.34 | 5,908.74 | 2,968.47 |
| 2018-03-31 | 104,423.53 | 5,153.60 | 5,227.21 | 3,665.67 |
| 2017-12-31 | 101,169.49 | 5,027.30 | 5,782.27 | 3,364.57 |
| 2017-09-30 | 98,590.37 | 6,222.06 | 6,607.49 | 2,246.53 |
| 2017-06-30 | 98,199.18 | 8,045.31 | 6,872.56 | 1,539.78 |
| 2017-03-31 | 101,054.92 | 10,109.74 | 8,269.23 | |
| 2016-12-31 | 98,615.70 | 10,551.16 | 7,779.83 | |
| 2016-09-30 | 86,831.53 | 9,059.33 | 7,254.06 | |
| 2016-06-30 | 80,560.55 | 8,267.88 | 7,015.62 | |
| 2016-03-31 | 77,574.02 | 7,919.53 | 6,801.28 | |
| 2015-12-31 | 76,033.14 | 8,059.33 | 6,618.81 | |
| 2015-09-30 | 72,668.16 | 8,663.87 | 6,091.72 | |
| 2015-06-30 | 71,216.51 | 8,804.27 | 6,024.67 | |
| 2015-03-31 | 67,202.77 | 8,572.02 | 5,802.40 | |
| 2014-12-31 | 62,599.10 | 8,041.54 | 5,652.43 | |
| 2014-09-30 | 58,596.07 | 7,637.69 | 5,282.20 | |
| 2014-06-30 | 58,894.85 | 8,090.63 | 5,002.18 | |
| 2014-03-31 | 58,764.39 | 8,332.73 | 4,761.51 | |
| 2013-12-31 | 56,784.31 | 8,223.65 | 4,426.89 | |
| 2013-09-30 | 54,471.33 | 8,023.15 | 4,127.18 | |
| 2013-06-30 | 51,289.23 | 7,426.27 | 3,777.66 | |
| 2013-03-31 | 47,184.08 | 6,495.08 | 3,523.58 | |
| 2012-12-31 | 43,159.97 | 5,692.45 | 3,251.15 | |
| 2012-09-30 | 38,175.79 | 4,716.48 | 2,885.66 |
*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.
- Great Wall Motor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Great Wall Motor used its assets less efficiently than the HK Auto industry average last year based on Return on Assets.
- Great Wall Motor's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Great Wall Motor's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Auto industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Great Wall Motor has a total score of 0/6, 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.
Health
How is Great Wall Motor'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 Great Wall Motor's finances.
The net worth of a company is the difference between its assets and liabilities.
- Great Wall Motor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Great Wall Motor's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 3.2x 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.
All data from Great Wall Motor Company Filings, last reported 3 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 53,589.05 | 20,290.92 | 10,408.71 |
| 2018-12-31 | 52,688.59 | 14,957.77 | 12,059.73 |
| 2018-09-30 | 51,462.59 | 19,757.74 | 18,521.09 |
| 2018-06-30 | 51,292.93 | 18,880.73 | 18,256.49 |
| 2018-03-31 | 51,317.84 | 19,937.20 | 48,824.08 |
| 2017-12-31 | 49,257.96 | 13,511.33 | 6,047.68 |
| 2017-09-30 | 47,030.40 | 6,696.92 | 5,117.52 |
| 2017-06-30 | 46,583.15 | 6,319.40 | 13,328.83 |
| 2017-03-31 | 49,371.51 | 6,648.53 | 2,782.18 |
| 2016-12-31 | 47,353.64 | 299.80 | 5,560.70 |
| 2016-09-30 | 43,958.27 | 199.80 | 3,925.71 |
| 2016-06-30 | 41,658.83 | 349.90 | 5,050.33 |
| 2016-03-31 | 40,820.74 | 349.90 | 3,042.80 |
| 2015-12-31 | 38,386.92 | 350.00 | 5,266.80 |
| 2015-09-30 | 33,521.08 | 1,073.61 | 6,343.80 |
| 2015-06-30 | 35,792.47 | 743.26 | 4,319.63 |
| 2015-03-31 | 36,051.08 | 0.00 | 2,908.37 |
| 2014-12-31 | 33,518.45 | 0.00 | 3,394.47 |
| 2014-09-30 | 31,133.05 | 763.02 | 6,513.82 |
| 2014-06-30 | 29,525.29 | 764.26 | 7,291.70 |
| 2014-03-31 | 30,011.86 | 30.42 | 6,782.41 |
| 2013-12-31 | 28,008.00 | 182.20 | 6,994.79 |
| 2013-09-30 | 25,985.99 | 0.00 | 8,369.29 |
| 2013-06-30 | 23,898.91 | 0.00 | 7,380.42 |
| 2013-03-31 | 23,541.56 | 0.00 | 6,764.31 |
| 2012-12-31 | 21,643.37 | 0.00 | 6,348.63 |
| 2012-09-30 | 19,789.59 | 282.94 | 6,807.00 |
- Great Wall Motor's level of debt (37.9%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0.1% vs 37.9% today).
- Debt is well covered by operating cash flow (93.3%, greater than 20% of total debt).
- Great Wall Motor earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Great Wall Motor's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Great Wall Motor has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Great Wall Motor'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
If you bought
HK$2,000 of
Great Wall Motor
shares you are expected to receive
HK$118
in your first year as a dividend.
Dividend Amount
- Great Wall Motor's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
- Great Wall Motor's dividend is above the markets top 25% of dividend payers in Hong Kong (5.71%).
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.
| 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 31 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.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.23 | 19.00 |
| 2020-12-31 | 0.23 | 24.00 |
| 2019-12-31 | 0.21 | 23.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-17 | 0.290 | 5.798 |
| 2018-05-14 | 0.170 | 3.656 |
| 2017-05-11 | 0.350 | 4.541 |
| 2016-10-25 | 0.000 | 0.000 |
| 2016-08-26 | 0.000 | 0.000 |
| 2016-07-28 | 0.000 | 0.000 |
| 2016-05-24 | 0.380 | 6.860 |
| 2015-10-23 | 0.167 | 2.834 |
| 2015-09-07 | 0.167 | 2.411 |
| 2015-05-12 | 0.267 | 3.288 |
| 2014-05-09 | 0.273 | 2.787 |
| 2013-05-10 | 0.190 | 1.874 |
| 2012-03-16 | 0.100 | 1.822 |
| 2011-04-29 | 0.067 | 2.099 |
| 2010-04-16 | 0.033 | 1.468 |
| 2010-03-26 | 0.033 | 1.791 |
| 2009-04-28 | 0.011 | 1.169 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Great Wall Motor's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.5x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
Income/ dividend checks
We assess Great Wall Motor's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Great Wall Motor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Great Wall Motor has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | CN¥0 |
| AGE | 48 |
| TENURE AS CEO | 16.7 years |
CEO Bio
Ms. Feng Ying Wang serves as Vice Chairman at Great Wall Motor Company Ltd. (formerly, Great Wall Automobile Holding Co. Ltd.) and has been its General Manager since November 2002. Ms. Wang is responsible for formulating operation and management strategies for Great Wall Motor. Ms. Wang has 13 years of experience in sales and marketing management. She joined the Great Wall Group in 1991 and serves as General Manager of both Great Wall Automobile Sales Network Company Limited and Great Wall Bus Sales Company. She has been an Executive Director of Great Wall Motor Company Ltd. since June 2001. She was accredited as the Fifth Anniversary Ten Outstanding Young Persons of Baoding in 1999 and was awarded the Fifth Anniversary Hebei Outstanding Young Entrepreneur and the Chinese Marketing Professional 'Golden Tripod' Outstanding Marketing General Manager Award in 2000. She received in 2004 the 8th of March Red Signal Soldier of Hebei Province and the Model Staff of Hebei Province titles. Ms. Wang graduated from Tianjin Institute of Finance in 1999 and obtained a Master's degree in Economics.
CEO Compensation
- Feng's compensation has been consistent with company performance over the past year, both up more than 20%.
- Feng's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the Great Wall Motor management team in years:
- The average tenure for the Great Wall Motor management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Jian Wei
Executive Chairman
55
Feng Wang
Executive Vice Chairman & GM
48
16.7 yrs
Zhi Yang
Head of the Investment Management Department & Executive Director
52
Hui Xu
Head of Securities & Legal Affairs Department and Company Secretary
40
11 yrs
Shu Hu
Deputy General Manager
47
13.6 yrs
Guo Zhao
Deputy General Manager
41
9.1 yrs
Yu Liu
Chief Financial Controller
41
0.3 yrs
Lu Juan
Head of the Accounting Department & Head of the Finance Section
Board of Directors Tenure
Average tenure and age of the Great Wall Motor board of directors in years:
- The tenure for the Great Wall Motor board of directors is about average.
Board of Directors
Jian Wei
Executive Chairman
55
18.1 yrs
Feng Wang
Executive Vice Chairman & GM
48
Zhi Yang
Head of the Investment Management Department & Executive Director
52
17.9 yrs
Li Ma
Independent Non-Executive Director
51
5.2 yrs
Biao Chen
Chairman of Supervisory Committee
34
3.6 yrs
Wan Jun Li
Independent Non-Executive Director
55
2.2 yrs
Ping He
Non-Executive Director
42
17.2 yrs
Chi Ng
Independent Non-Executive Director
45
2.2 yrs
Yi Zong
Independent Supervisor
CN¥11K
48
5.2 yrs
Liu Qian
Independent Supervisor
37
0.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 30. May 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 27. May 19 | 27. May 19 | -10,316,905 | HK$5.42 | HK$-55,870,204 | ||
| 28. May 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 23. May 19 | 23. May 19 | 10,016,792 | HK$5.13 | HK$51,387,169 | ||
| 22. May 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 17. May 19 | 17. May 19 | -25,118,046 | HK$5.81 | HK$-145,955,955 | ||
| 09. May 19 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 06. May 19 | 06. May 19 | 13,671,449 | HK$6.00 | HK$82,036,944 | ||
| 09. May 19 | Buy | Highbridge Capital Management, LLC | Company | 06. May 19 | 06. May 19 | 3,903,500 | HK$6.00 | HK$23,423,355 | ||
| 08. May 19 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 03. May 19 | 03. May 19 | -4,455,218 | HK$6.24 | HK$-27,807,697 | ||
| 08. May 19 | Sell | Highbridge Capital Management, LLC | Company | 03. May 19 | 03. May 19 | -638,000 | HK$6.24 | HK$-3,982,142 | ||
| 08. May 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 03. May 19 | 03. May 19 | -6,000 | HK$6.24 | HK$-37,450 | ||
| 07. May 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 02. May 19 | 02. May 19 | 3,822,115 | HK$6.18 | HK$23,632,506 | ||
| 02. May 19 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 26. Apr 19 | 26. Apr 19 | -3,237,681 | HK$6.49 | HK$-21,025,828 | ||
| 02. May 19 | Sell | Highbridge Capital Management, LLC | Company | 26. Apr 19 | 26. Apr 19 | -1,385,500 | HK$6.49 | HK$-8,997,577 | ||
| 02. May 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 26. Apr 19 | 26. Apr 19 | 170,500 | HK$6.49 | HK$1,107,244 | ||
| 30. Apr 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 25. Apr 19 | 25. Apr 19 | 12,761,130 | HK$6.61 | HK$84,389,304 | ||
| 26. Apr 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 23. Apr 19 | 23. Apr 19 | -16,732,393 | HK$6.96 | HK$-116,522,751 | ||
| 17. Apr 19 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 12. Apr 19 | 12. Apr 19 | -29,422,407 | HK$6.59 | HK$-193,843,756 | ||
| 17. Apr 19 | Buy | Highbridge Capital Management, LLC | Company | 12. Apr 19 | 12. Apr 19 | 540,500 | HK$6.59 | HK$3,560,978 | ||
| 16. Apr 19 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 11. Apr 19 | 11. Apr 19 | 23,913,919 | HK$6.90 | HK$164,991,637 | ||
| 16. Apr 19 | Sell | Highbridge Capital Management, LLC | Company | 11. Apr 19 | 11. Apr 19 | -1,604,500 | HK$6.90 | HK$-11,070,084 | ||
| 16. Apr 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 11. Apr 19 | 11. Apr 19 | 54,000 | HK$6.90 | HK$372,567 | ||
| 15. Apr 19 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 10. Apr 19 | 10. Apr 19 | 42,082,174 | HK$6.94 | HK$291,902,943 | ||
| 26. Mar 19 | Sell | Morgan Stanley, Investment Banking and Brokerage Investments | Company | 21. Mar 19 | 21. Mar 19 | -2,347,188 | HK$5.60 | HK$-13,145,665 | ||
| 24. Jan 19 | Buy | Goldman Sachs Group, Investment Banking and Securities Investments | Company | 21. Jan 19 | 21. Jan 19 | 5,938,500 | HK$5.24 | HK$31,116,555 | ||
| 15. Jan 19 | Buy | Goldman Sachs Group, Investment Banking and Securities Investments | Company | 10. Jan 19 | 10. Jan 19 | 3,823,000 | HK$4.71 | HK$18,006,321 | ||
| 24. Dec 18 | Buy | Baoding Great Wall Holdings Co., Ltd. | Company | 20. Dec 18 | 20. Dec 18 | 3,100,000 | HK$4.45 | HK$13,795,011 | ||
| 24. Dec 18 | Buy | Baoding Great Wall Holdings Co., Ltd. | Company | 21. Dec 18 | 21. Dec 18 | 1,944,000 | HK$4.38 | HK$8,514,714 | ||
| 25. Oct 18 | Buy | Morgan Stanley, Investment Banking and Brokerage Investments | Company | 22. Oct 18 | 22. Oct 18 | 4,719,941 | HK$4.69 | HK$22,132,745 | ||
| 17. Sep 18 | Buy | Baoding Great Wall Holdings Co., Ltd. | Company | 17. Sep 18 | 17. Sep 18 | 13,283,500 | HK$4.49 | HK$59,592,430 | ||
| 17. Sep 18 | Buy | Baoding Great Wall Holdings Co., Ltd. | Company | 14. Sep 18 | 14. Sep 18 | 3,316,000 | HK$4.49 | HK$14,884,199 | ||
| 17. Sep 18 | Buy | Baoding Great Wall Holdings Co., Ltd. | Company | 13. Sep 18 | 13. Sep 18 | 8,375,000 | HK$4.31 | HK$36,057,723 | ||
Management checks
We assess Great Wall Motor's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Great Wall Motor 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.
News
Simply Wall St News
Taking A Look At Great Wall Motor Company Limited's (HKG:2333) ROE
We'll use ROE to examine Great Wall Motor Company Limited (HKG:2333), by way of a worked example. … Our data shows Great Wall Motor has a return on equity of 10.0% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat Should We Expect From Great Wall Motor Company Limited's (HKG:2333) Earnings In The Years Ahead?
Great Wall Motor Company Limited's (HKG:2333) latest earnings announcement in December 2018a
Simply Wall St - – Full articleIs Great Wall Motor Company Limited's (HKG:2333) Liquidity Good Enough?
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Great Wall Motor Company Limited (HKG:2333). … With a market valuation of HK$87b, 2333 is a safe haven in times of market uncertainty due to its strong balance sheet. … These companies are resilient in times of low liquidity and are not as strongly impacted by interest rate hikes as companies with lots of debt.
Simply Wall St - – Full articleImagine Owning Great Wall Motor (HKG:2333) While The Price Tanked 56%
While it may not be enough for some shareholders, we think it is good to see the Great Wall Motor Company Limited (HKG:2333) share price up 26% in a single quarter. … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … Looking back five years, both Great Wall Motor's share price and EPS declined; the latter at a rate of 8.7% per year.
Simply Wall St - – Full articleDoes Great Wall Motor Company Limited's (HKG:2333) Recent Track Record Look Strong?
Measuring Great Wall Motor Company Limited's (HKG:2333) track record of past performance is a useful exercise for investors. … Today I will assess 2333's recent performance announced on 31 December 2018 and weigh these figures against its long-term trend and industry movements. … How Did 2333's Recent Performance Stack Up Against Its Past.
Simply Wall St - – Full articleShould You Investigate Great Wall Motor Company Limited (HKG:2333) At HK$5.58?
Great Wall Motor Company Limited (HKG:2333), which is in the auto business, and is based in China,. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine Great Wall Motor’s valuation and outlook in more detail to determine if there’s still a bargain opportunity
Simply Wall St - – Full articleGreat Wall Motor Company Limited (HKG:2333): Cash Is King
If you are currently a shareholder in Great Wall Motor Company Limited (HKG:2333), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Today we will examine Great Wall Motor’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Great Wall Motor’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.
Simply Wall St - – Full articleDoes Great Wall Motor Company Limited's (HKG:2333) CEO Pay Matter?
Feng Wang has been the CEO of Great Wall Motor Company Limited (HKG:2333) since 2002. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Feng Wang's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleHere's How P/E Ratios Can Help Us Understand Great Wall Motor Company Limited (HKG:2333)
We'll look at Great Wall Motor Company Limited's (HKG:2333) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate Great Wall Motor's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhy Great Wall Motor Company Limited’s (HKG:2333) Return On Capital Employed Is Impressive
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … How Do You Calculate Return On Capital Employed
Simply Wall St - – Full articleCompany Info
Description
Great Wall Motor Company Limited manufactures and sells automobiles, and automotive parts and components. The company offers pick-up trucks, SUVs, sedans, and energy vehicles primarily under the Haval, WEY, Great Wall Pickup, and ORA brand names; Great Wall, Havel, and WEY brand names, as well as special vehicles, etc. It also researches, develops, and manufactures auto molds; repairs automobiles; and transports general goods, as well as provides truck transportation services. In addition, the company provides investment and financing, logistics, buildings rental, business information consultation, car rental, automotive finance, insurance brokerage, scrap car recycling and dismantling, finance lease, real estate, and after-sales services, as well as automotive technology research, development, and technical consultation services. Further, it processes, recycles, and sells waste and used materials. Great Wall Motor Company Limited also exports its products. Great Wall Motor Company Limited operates in China, South Africa, Ecuador, Chile, Russia, Iran, and internationally. The company was formerly known as Baoding Great Wall Motor Company Limited and changed its name to Great Wall Motor Company Limited in May 2003. The company was founded in 1984 and is headquartered in Baoding, China. Great Wall Motor Company Limited is a subsidiary of Baoding Innovation Great Wall Asset Management Company Limited.
Details
| Name: | Great Wall Motor Company Limited |
| 2333 | |
| Exchange: | SEHK |
| Founded: | 1984 |
| HK$74,336,098,621 | |
| 9,127,269,000 | |
| Website: | http://www.gwm.com.cn |
| Address: |
Great Wall Motor Company Limited 2266 Chaoyang South Street, Baoding, Hebei Province, 071000, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 2333 | Foreign Shares-Foreign Listed | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 15. Dec 2003 | |
| OTCPK | GWLL.F | Foreign Shares-Foreign Listed | Pink Sheets LLC | US | USD | 15. Dec 2003 | |
| DB | GRV | Foreign Shares-Foreign Listed | Deutsche Boerse AG | DE | EUR | 15. Dec 2003 | |
| SHSC | 2333 | Foreign Shares-Foreign Listed | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 15. Dec 2003 | |
| SZSC | 2333 | Foreign Shares-Foreign Listed | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 15. Dec 2003 | |
| WBAG | GRV | Foreign Shares-Foreign Listed | Wiener Boerse AG | AT | EUR | 15. Dec 2003 | |
| OTCPK | GWLL.Y | ADR | Pink Sheets LLC | US | USD | 12. Dec 2011 | |
| SHSE | 601633 | Domestic Shares | Shanghai Stock Exchange | CN | CNY | 10. Oct 2011 | |
| XSSC | 601633 | Domestic Shares | Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect | CN | CNY | 10. Oct 2011 |
Number of employees
Current staff
Industry
| Automobile Manufacturers | |
| Automobiles |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/22 12:43 |
| End of day share price update: | 2019/07/22 00:00 |
| Last estimates confirmation: | 2019/07/22 |
| Last earnings filing: | 2019/04/29 |
| Last earnings reported: | 2019/03/31 |
| 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.
