Great Wall Motor
Market Cap
HK$69.3b
Last Updated
2020/04/03 13:20 UTC
Data Sources
Company Financials +
Executive Summary
Great Wall Motor Company Limited manufactures and sells automobiles, and automotive parts and components.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet, good value and pays a dividend.
Similar Companies
Share Price & News
How has Great Wall Motor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2333's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-3.3%
2333
-5.0%
HK Auto
1.1%
HK Market
1 Year Return
-26.9%
2333
-31.0%
HK Auto
-21.6%
HK Market
Return vs Industry: 2333 exceeded the Hong Kong Auto industry which returned -31% over the past year.
Return vs Market: 2333 underperformed the Hong Kong Market which returned -21.6% over the past year.
Shareholder returns
| 2333 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.3% | -5.0% | 1.1% |
| 30 Day | -16.6% | -22.5% | -10.2% |
| 90 Day | -19.9% | -23.4% | -16.1% |
| 1 Year | -22.4%-26.9% | -28.3%-31.0% | -18.8%-21.6% |
| 3 Year | -40.1%-47.7% | -26.0%-32.4% | -3.1%-12.8% |
| 5 Year | -70.3%-75.7% | -32.9%-42.0% | -13.5%-27.3% |
Price Volatility Vs. Market
How volatile is Great Wall Motor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Is Great Wall Motor's (HKG:2333) P/E Ratio After Its Share Price Tanked?4 weeks ago | Simply Wall St
Is Great Wall Motor (HKG:2333) Using Too Much Debt?1 month ago | Simply Wall St
Should You Worry About Great Wall Motor Company Limited's (HKG:2333) CEO Pay Cheque?Valuation
Is Great Wall Motor 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: 2333 (HK$4.72) is trading below our estimate of fair value (HK$19.61)
Significantly Below Fair Value: 2333 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2333 is good value based on its PE Ratio (8.8x) compared to the Auto industry average (9.4x).
PE vs Market: 2333 is good value based on its PE Ratio (8.8x) compared to the Hong Kong market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: 2333 is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: 2333 is overvalued based on its PB Ratio (0.7x) compared to the HK Auto industry average (0.4x).
Next Steps
Future Growth
How is Great Wall Motor forecast to perform in the next 1 to 3 years based on estimates from 34 analysts?
7.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2333's forecast earnings growth (7.5% per year) is above the savings rate (1.6%).
Earnings vs Market: 2333's earnings (7.5% per year) are forecast to grow slower than the Hong Kong market (11.5% per year).
High Growth Earnings: 2333's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2333's revenue (4.6% per year) is forecast to grow slower than the Hong Kong market (10% per year).
High Growth Revenue: 2333's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2333's Return on Equity is forecast to be low in 3 years time (8.8%).
Next Steps
Past Performance
How has Great Wall Motor performed over the past 5 years?
-16.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2333 has high quality earnings.
Growing Profit Margin: 2333's current net profit margins (4.7%) are lower than last year (5.2%).
Past Earnings Growth Analysis
Earnings Trend: 2333's earnings have declined by -16.1% per year over the past 5 years.
Accelerating Growth: 2333's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2333 had negative earnings growth (-13.7%) over the past year, making it difficult to compare to the Auto industry average (-13.7%).
Return on Equity
High ROE: 2333's Return on Equity (8.5%) is considered low.
Next Steps
Financial Health
How is Great Wall Motor's financial position?
Financial Position Analysis
Short Term Liabilities: 2333's short term assets (CN¥55.5B) exceed its short term liabilities (CN¥38.7B).
Long Term Liabilities: 2333's short term assets (CN¥55.5B) exceed its long term liabilities (CN¥7.1B).
Debt to Equity History and Analysis
Debt Level: 2333's debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 2333's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2333's debt is well covered by operating cash flow (255.9%).
Interest Coverage: 2333 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 2333 has a high level of physical assets or inventory.
Debt Coverage by Assets: 2333's debt is covered by short term assets (assets are 10.8x debt).
Next Steps
Dividend
What is Great Wall Motor's current dividend yield, its reliability and sustainability?
6.72%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2333's dividend (6.72%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.57%).
High Dividend: 2333's dividend (6.72%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.33%).
Stability and Growth of Payments
Stable Dividend: 2333's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2333's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.9%), 2333's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2333's dividends in 3 years are forecast to be well covered by earnings (39.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.8yrs
Average management tenure
CEO
Feng Wang (48yo)
17.42s
Tenure
CN¥5,403,000
Compensation
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 ...
CEO Compensation Analysis
Compensation vs Market: Feng's total compensation ($USD762.46K) is about average for companies of similar size in the Hong Kong market ($USD670.77K).
Compensation vs Earnings: Feng's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 18.83yrs | CN¥5.63m | no data | |
| Executive Vice Chairman & GM | 17.42yrs | CN¥5.40m | no data | |
| Head of the Investment Management Department & Executive Director | 18.67yrs | CN¥594.90k | no data | |
| Head of Securities & Legal Affairs Department and Company Secretary | 11.75yrs | CN¥1.16m | no data | |
| Deputy General Manager | 14.33yrs | CN¥4.15m | no data | |
| Deputy General Manager | 9.83yrs | CN¥2.90m | no data | |
| Chief Financial Controller | 1yr | no data | no data | |
| Head of the Accounting Department & Head of the Finance Section | no data | no data | no data |
11.8yrs
Average Tenure
47yo
Average Age
Experienced Management: 2333's management team is seasoned and experienced (11.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 18.83yrs | CN¥5.63m | no data | |
| Executive Vice Chairman & GM | 17.42yrs | CN¥5.40m | no data | |
| Head of the Investment Management Department & Executive Director | 18.67yrs | CN¥594.90k | no data | |
| Non-Executive Director | 17.92yrs | CN¥60.00k | no data | |
| Independent Non-Executive Director | 2.92yrs | CN¥60.00k | no data | |
| Independent Non-Executive Director | 2.92yrs | CN¥151.40k | no data | |
| Independent Non-Executive Director | 5.92yrs | CN¥60.00k | no data | |
| Independent Supervisor | 5.92yrs | CN¥11.00k | no data | |
| Chairman of Supervisory Committee | 4.33yrs | no data | no data | |
| Independent Supervisor | 0.92yr | no data | no data |
5.9yrs
Average Tenure
48yo
Average Age
Experienced Board: 2333's board of directors are considered experienced (5.9 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
Great Wall Motor Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Great Wall Motor Company Limited
- Ticker: 2333
- Exchange: SEHK
- Founded: 1984
- Industry: Automobile Manufacturers
- Sector: Automobiles
- Market Cap: HK$69.266b
- Shares outstanding: 9.13b
- Website: https://www.gwm.com.cn
Number of Employees
Location
- Great Wall Motor Company Limited
- 2266 Chaoyang South Street
- Baoding
- Hebei Province
- 71000
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2333 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2003 |
| GWLL.F | OTCPK (Pink Sheets LLC) | Yes | Foreign Shares-Foreign Listed | US | USD | Dec 2003 |
| GRV | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Dec 2003 |
| 2333 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2003 |
| 2333 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2003 |
| GRV | WBAG (Wiener Boerse AG) | Yes | Foreign Shares-Foreign Listed | AT | EUR | Dec 2003 |
| 601633 | SHSE (Shanghai Stock Exchange) | Domestic Shares | CN | CNY | Oct 2011 | |
| 601633 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Domestic Shares | CN | CNY | Oct 2011 | |
| GWLL.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Dec 2011 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/03 13:20 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.