SEHK:2333

Stock Analysis Report

Executive Summary

Great Wall Motor Company Limited manufactures and sells automobiles, and automotive parts and components.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.


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


Market Performance


7 Day Return

8.5%

SEHK:2333

8.6%

HK Auto

2.5%

HK Market


1 Year Return

28.0%

SEHK:2333

-4.0%

HK Auto

-3.9%

HK Market

2333 outperformed the Auto industry which returned -3.9% over the past year.

2333 outperformed the Market in Hong Kong which returned -3.9% over the past year.


Share holder returns

2333IndustryMarket
7 Day8.5%8.6%2.5%
30 Day18.8%17.3%7.6%
90 Day4.5%10.3%0.8%
1 Year35.9%28.0%0.06%-4.0%-0.4%-3.9%
3 Year-16.0%-26.6%5.7%-3.5%19.6%7.6%
5 Year-34.5%-46.4%8.6%-5.0%17.7%-1.7%

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

Valuation

Is Great Wall Motor undervalued based on future cash flows and its price relative to the stock market?

15.7x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Great Wall Motor's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Great Wall Motor's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Great Wall Motor is poor value based on expected growth next year.


Price Based on Value of Assets

Great Wall Motor is overvalued based on assets compared to the HK Auto industry average.


Next Steps

Future Growth

How is Great Wall Motor expected to perform in the next 1 to 3 years based on estimates from 33 analysts?

12.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Great Wall Motor's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).

Great Wall Motor's earnings are expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).

Great Wall Motor's revenue growth is positive but not above the Hong Kong market average.

Great Wall Motor's earnings growth is expected to exceed the Hong Kong market average.

Great Wall Motor's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Great Wall Motor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Great Wall Motor performed over the past 5 years?

-12.4%

Historical annual earnings growth


Earnings and Revenue History


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.


Return on Equity

Great Wall Motor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Great Wall Motor used its assets less efficiently than the HK Auto industry average last year based on Return on Assets.


Return on Capital Employed

Great Wall Motor's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Great Wall Motor's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Great Wall Motor's level of debt (12.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (2.6% vs 12.9% today).

Debt is well covered by operating cash flow (163.9%, greater than 20% of total debt).

Great Wall Motor earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 7.6x debt.


Next Steps

Dividend

What is Great Wall Motor's current dividend yield, its reliability and sustainability?

3.72%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Great Wall Motor's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

Great Wall Motor's dividend is below the markets top 25% of dividend payers in Hong Kong (6.07%).

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

Dividends paid are covered by earnings (1.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).


Next Steps

Management

What is the CEO of Great Wall Motor's salary, the management and board of directors tenure and is there insider trading?

11.2yrs

Average management tenure


CEO

Feng Wang (48yo)

16.8yrs

Tenure

0

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

Feng's remuneration is lower than average for companies of similar size in Hong Kong.

Feng's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

11.2yrs

Average Tenure

47yo

Average Age

The average tenure for the Great Wall Motor management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.3yrs

Average Tenure

48yo

Average Age

The tenure for the Great Wall Motor board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellCN¥15,929,98612 Sep 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares2,927,769
Max PriceCN¥5.44
BuyCN¥29,673,79511 Sep 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares5,653,663
Max PriceCN¥5.25
SellCN¥55,870,20430 May 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares10,316,905
Max PriceCN¥5.42
BuyCN¥51,387,16928 May 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares10,016,792
Max PriceCN¥5.13
SellCN¥145,955,95522 May 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares25,118,046
Max PriceCN¥5.81
BuyCN¥82,036,94409 May 19
JPMorgan Chase & Co, Brokerage and Securities Investments
EntityCompany
Shares13,671,449
Max PriceCN¥6.00
BuyCN¥23,423,35509 May 19
Highbridge Capital Management, LLC
EntityCompany
Shares3,903,500
Max PriceCN¥6.00
SellCN¥27,807,69708 May 19
JPMorgan Chase & Co, Brokerage and Securities Investments
EntityCompany
Shares4,455,218
Max PriceCN¥6.24
SellCN¥3,982,14208 May 19
Highbridge Capital Management, LLC
EntityCompany
Shares638,000
Max PriceCN¥6.24
SellCN¥37,45008 May 19
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares6,000
Max PriceCN¥6.24
BuyCN¥23,632,50607 May 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares3,822,115
Max PriceCN¥6.18
SellCN¥8,997,57702 May 19
Highbridge Capital Management, LLC
EntityCompany
Shares1,385,500
Max PriceCN¥6.49
SellCN¥21,025,82802 May 19
JPMorgan Chase & Co, Brokerage and Securities Investments
EntityCompany
Shares3,237,681
Max PriceCN¥6.49
BuyCN¥1,107,24402 May 19
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares170,500
Max PriceCN¥6.49
BuyCN¥84,389,30430 Apr 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares12,761,130
Max PriceCN¥6.61
SellCN¥116,522,75126 Apr 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares16,732,393
Max PriceCN¥6.96
SellCN¥193,843,75617 Apr 19
JPMorgan Chase & Co, Brokerage and Securities Investments
EntityCompany
Shares29,422,407
Max PriceCN¥6.59
BuyCN¥3,560,97817 Apr 19
Highbridge Capital Management, LLC
EntityCompany
Shares540,500
Max PriceCN¥6.59
SellCN¥11,070,08416 Apr 19
Highbridge Capital Management, LLC
EntityCompany
Shares1,604,500
Max PriceCN¥6.90
BuyCN¥164,991,63716 Apr 19
JPMorgan Chase & Co, Brokerage and Securities Investments
EntityCompany
Shares23,913,919
Max PriceCN¥6.90
BuyCN¥372,56716 Apr 19
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares54,000
Max PriceCN¥6.90
BuyCN¥291,902,94315 Apr 19
JPMorgan Chase & Co, Brokerage and Securities Investments
EntityCompany
Shares42,082,174
Max PriceCN¥6.94
SellCN¥13,145,66526 Mar 19
Morgan Stanley, Investment Banking and Brokerage Investments
EntityCompany
Shares2,347,188
Max PriceCN¥5.60
BuyCN¥31,116,55524 Jan 19
Goldman Sachs Group, Investment Banking and Securities Investments
EntityCompany
Shares5,938,500
Max PriceCN¥5.24
BuyCN¥18,006,32115 Jan 19
Goldman Sachs Group, Investment Banking and Securities Investments
EntityCompany
Shares3,823,000
Max PriceCN¥4.71
BuyCN¥8,514,71424 Dec 18
Baoding Great Wall Holdings Co., Ltd.
EntityCompany
Shares1,944,000
Max PriceCN¥4.38
BuyCN¥13,795,01124 Dec 18
Baoding Great Wall Holdings Co., Ltd.
EntityCompany
Shares3,100,000
Max PriceCN¥4.45
BuyCN¥22,132,74525 Oct 18
Morgan Stanley, Investment Banking and Brokerage Investments
EntityCompany
Shares4,719,941
Max PriceCN¥4.69
BuyCN¥59,592,43017 Sep 18
Baoding Great Wall Holdings Co., Ltd.
EntityCompany
Shares13,283,500
Max PriceCN¥4.49

Ownership Breakdown


Management Team

  • Zhi Yang (52yo)

    Head of the Investment Management Department & Executive Director

    • Tenure: 18.1yrs
  • Feng Wang (48yo)

    Executive Vice Chairman & GM

    • Tenure: 16.8yrs
  • Jian Wei (55yo)

    Executive Chairman

    • Tenure: 18.3yrs
  • Shu Hu (47yo)

    Deputy General Manager

    • Tenure: 13.8yrs
  • Hui Xu (40yo)

    Head of Securities & Legal Affairs Department and Company Secretary

    • Tenure: 11.2yrs
  • Guo Zhao (41yo)

    Deputy General Manager

    • Tenure: 9.3yrs
  • Lu Juan

    Head of the Accounting Department & Head of the Finance Section

    • Tenure: 0yrs
  • Yu Liu (41yo)

    Chief Financial Controller

    • Tenure: 0.4yrs

Board Members

  • Zhi Yang (52yo)

    Head of the Investment Management Department & Executive Director

    • Tenure: 18.1yrs
  • Feng Wang (48yo)

    Executive Vice Chairman & GM

    • Tenure: 16.8yrs
  • Jian Wei (55yo)

    Executive Chairman

    • Tenure: 18.3yrs
  • Ping He (42yo)

    Non-Executive Director

    • Tenure: 17.3yrs
  • Wan Jun Li (55yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
  • Chi Ng (45yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
  • Li Ma (51yo)

    Independent Non-Executive Director

    • Tenure: 5.3yrs
  • Yi Zong (48yo)

    Independent Supervisor

    • Tenure: 5.3yrs
    • Compensation: CN¥11.00k
  • Biao Chen (34yo)

    Chairman of Supervisory Committee

    • Tenure: 3.8yrs
  • Liu Qian (37yo)

    Independent Supervisor

    • Tenure: 0.3yrs

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$74.291b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2333SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDDec 2003
GWLL.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDDec 2003
GRVDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURDec 2003
2333SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDDec 2003
2333SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDDec 2003
GRVWBAG (Wiener Boerse AG)YesForeign Shares-Foreign ListedATEURDec 2003
601633SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYOct 2011
601633XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYOct 2011
GWLL.YOTCPK (Pink Sheets LLC)ADRUSUSDDec 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/14 12:41
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.