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

2.5%

2333

3.9%

HK Auto

2.2%

HK Market


1 Year Return

12.6%

2333

-5.1%

HK Auto

-1.3%

HK Market

Return vs Industry: 2333 exceeded the Hong Kong Auto industry which returned -5.1% over the past year.

Return vs Market: 2333 exceeded the Hong Kong Market which returned -1.3% over the past year.


Share holder returns

2333IndustryMarket
7 Day2.5%3.9%2.2%
30 Day-8.3%-6.4%-2.9%
90 Day-7.5%-1.2%-5.8%
1 Year19.6%12.6%-1.4%-5.1%2.3%-1.3%
3 Year-28.4%-37.5%0.3%-8.3%15.6%3.9%
5 Year-38.3%-49.6%8.3%-4.9%20.1%0.06%

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?

8%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: 2333 (HK$5.28) is trading below our estimate of fair value (HK$5.75)

Significantly Undervalued: 2333 is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: 2333 is poor value based on its PE Ratio (14.4x) compared to the Auto industry average (10.3x).

PE vs Market: 2333 is poor value based on its PE Ratio (14.4x) compared to the Hong Kong market (10.3x).


Price Based on Expected Growth

Low PEG Ratio: 2333 is poor value based on its PEG Ratio (1.2x)


Price Based on Value of Assets

PB vs Industry: 2333 is overvalued based on its PB Ratio (0.8x) compared to the HK Auto industry average (0.7x).


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?

12.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 2333's forecast earnings growth (12% per year) is above the savings rate (2%).

Earnings vs Market: 2333's earnings (12% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).

High Growth Earnings: 2333's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2333's revenue (6.8% per year) is forecast to grow slower than the Hong Kong market (10.1% per year).

High Growth Revenue: 2333's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: 2333's Return on Equity is forecast to be low in 3 years time (8.3%).


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

Earnings Trend: 2333's earnings have declined by -12.4% 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 (-52%) over the past year, making it difficult to compare to the Auto industry average (-11.2%).


Return on Equity

High ROE: 2333's Return on Equity (6%) is considered low.


Return on Assets

ROA vs Industry: 2333's Return on Assets is below or equal to the Auto industry average last year.


Return on Capital Employed

ROCE Improving: 2333's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Great Wall Motor's financial position?


Financial Position Analysis

Short Term Liabilities: 2333's short term assets (CN¥50.4B) exceeds its short term liabilities (CN¥35.0B)

Long Term Liabilities: 2333's short term assets (50.4B) exceeds its long term liabilities (6.4B)


Debt to Equity History and Analysis

Debt Level: 2333's debt to equity ratio (12.9%) is considered satisfactory

Reducing Debt: 2333's debt to equity ratio has increased from 2.6% to 12.9% over the past 5 years.

Debt Coverage: 2333's debt is well covered by operating cash flow (163.9%).

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 7.604730x debt).


Next Steps

Dividend

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

4.06%

Expected Dividend Yield


Dividend Yield vs Market

company6.1%marketbottom25%2.3%markettop25%6.3%industryaverage4.2%forecastin3Years4.1%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: 2333's dividend (6.08%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 2333's dividend (6.08%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.35%).

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: At its current payout ratio (87.4%), 2333's 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 (42.9% payout ratio).


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?

11.3yrs

Average management tenure


CEO

Feng Wang (48yo)

16.9yrs

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

Compensation vs. Market: Feng's total compensation ($USD0.00) is too low to compare against companies of similar size in the Hong Kong market ($USD608.87K).

Compensation vs Earnings: Feng's compensation has been consistent with company performance over the past year.


Management Age and Tenure

11.3yrs

Average Tenure

47yo

Average Age

Experienced Management: 2333's management team is seasoned and experienced (11.3 years average tenure).


Board Age and Tenure

5.4yrs

Average Tenure

48yo

Average Age

Experienced Board: 2333's board of directors are considered experienced (5.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

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Ownership Breakdown


Management Team

  • Zhi Yang (52yo)

    Head of the Investment Management Department & Executive Director

    • Tenure: 18.2yrs
  • Feng Wang (48yo)

    Executive Vice Chairman & GM

    • Tenure: 16.9yrs
  • 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: 11.3yrs
  • 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: 0.5yrs

Board Members

  • Zhi Yang (52yo)

    Head of the Investment Management Department & Executive Director

    • Tenure: 18.2yrs
  • Feng Wang (48yo)

    Executive Vice Chairman & GM

    • Tenure: 16.9yrs
  • Jian Wei (55yo)

    Executive Chairman

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

    Non-Executive Director

    • Tenure: 17.4yrs
  • Wan Jun Li (55yo)

    Independent Non-Executive Director

    • Tenure: 2.4yrs
  • Chi Ng (45yo)

    Independent Non-Executive Director

    • Tenure: 2.4yrs
  • Li Ma (51yo)

    Independent Non-Executive Director

    • Tenure: 5.4yrs
  • Yi Zong (48yo)

    Independent Supervisor

    • Tenure: 5.4yrs
    • Compensation: CN¥11.00k
  • Biao Chen (34yo)

    Chairman of Supervisory Committee

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

    Independent Supervisor

    • Tenure: 0.4yrs

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$67.948b
  • 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 Analysis2019/10/14 12:38
End of Day Share Price2019/10/14 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.

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