Great Wall Motor Company Limited

SZSC:2333 Stock Report

Market Cap: HK$214.9b

Great Wall Motor Valuation

Is 2333 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2333 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2333 (HK$13.64) is trading below our estimate of fair value (HK$29.06)

Significantly Below Fair Value: 2333 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2333?

Key metric: As 2333 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2333. This is calculated by dividing 2333's market cap by their current earnings.
What is 2333's PE Ratio?
PE Ratio8.7x
EarningsCN¥12.45b
Market CapCN¥199.88b

Price to Earnings Ratio vs Peers

How does 2333's PE Ratio compare to its peers?

The above table shows the PE ratio for 2333 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10x
175 Geely Automobile Holdings
8.3x-4.9%HK$136.9b
1211 BYD
21.4x17.4%HK$854.5b
1958 BAIC Motor
8x8.7%HK$18.2b
1114 Brilliance China Automotive Holdings
2.5x1.6%HK$14.5b
2333 Great Wall Motor
8.7x7.4%HK$214.9b

Price-To-Earnings vs Peers: 2333 is good value based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (10x).

Price to Earnings Ratio vs Industry

How does 2333's PE Ratio compare vs other companies in the Asian Auto Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
2333 8.7xIndustry Avg. 17.9xNo. of Companies11PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2333 is good value based on its Price-To-Earnings Ratio (8.7x) compared to the Asian Auto industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is 2333's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2333 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ratio9.7x

Price-To-Earnings vs Fair Ratio: 2333 is good value based on its Price-To-Earnings Ratio (8.7x) compared to the estimated Fair Price-To-Earnings Ratio (9.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2333 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$13.64
HK$16.79
+23.1%
18.4%HK$22.93HK$10.73n/a23
Nov ’25HK$12.60
HK$16.51
+31.0%
20.7%HK$23.02HK$8.88n/a24
Oct ’25HK$14.50
HK$15.26
+5.2%
19.3%HK$20.20HK$9.01n/a24
Sep ’25HK$11.22
HK$15.03
+34.0%
18.7%HK$20.00HK$8.94n/a24
Aug ’25HK$10.82
HK$15.28
+41.2%
18.9%HK$20.14HK$8.80n/a24
Jul ’25HK$12.04
HK$14.08
+17.0%
17.9%HK$20.01HK$8.74n/a25
Jun ’25HK$13.48
HK$13.70
+1.6%
16.0%HK$17.00HK$8.78n/a25
May ’25HK$11.94
HK$13.44
+12.6%
14.9%HK$17.00HK$8.79n/a24
Apr ’25HK$8.70
HK$12.22
+40.5%
16.2%HK$14.91HK$8.37n/a24
Mar ’25HK$8.95
HK$12.35
+38.0%
16.5%HK$14.98HK$8.41n/a24
Feb ’25HK$7.75
HK$12.52
+61.5%
17.3%HK$16.34HK$8.47n/a24
Jan ’25HK$10.14
HK$13.40
+32.1%
13.3%HK$16.34HK$9.94n/a23
Dec ’24HK$10.98
HK$13.56
+23.5%
15.7%HK$17.41HK$8.48n/a22
Nov ’24HK$11.38
HK$13.26
+16.6%
15.8%HK$17.00HK$8.11HK$12.6022
Oct ’24HK$9.34
HK$10.66
+14.1%
17.8%HK$13.00HK$5.17HK$14.5022
Sep ’24HK$9.30
HK$10.65
+14.5%
18.1%HK$13.08HK$4.94HK$11.2223
Aug ’24HK$10.52
HK$10.69
+1.6%
21.3%HK$13.65HK$4.99HK$10.8225
Jul ’24HK$8.97
HK$10.47
+16.7%
21.9%HK$13.64HK$4.94HK$12.0426
Jun ’24HK$7.89
HK$10.74
+36.1%
22.7%HK$15.65HK$5.07HK$13.4826
May ’24HK$9.44
HK$11.16
+18.2%
21.0%HK$15.99HK$5.18HK$11.9425
Apr ’24HK$9.69
HK$12.70
+31.1%
21.8%HK$18.01HK$8.34HK$8.7025
Mar ’24HK$10.98
HK$13.20
+20.2%
21.2%HK$17.93HK$8.75HK$8.9525
Feb ’24HK$11.58
HK$13.83
+19.4%
21.2%HK$18.45HK$8.58HK$7.7526
Jan ’24HK$10.16
HK$14.34
+41.2%
27.3%HK$28.13HK$8.37HK$10.1426
Dec ’23HK$11.26
HK$14.11
+25.3%
30.5%HK$26.95HK$8.02HK$10.9826
Nov ’23HK$8.77
HK$14.69
+67.5%
29.1%HK$26.93HK$7.98HK$11.3827

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

Johnson Electric Holdings

HK$10.5b

An investment holding company, engages in the manufacture and sale of motion systems worldwide.

179

HK$11.32

7D

-2.9%

1Y

-5.8%

Great Wall Motor

HK$214.9b

Researches and develops, manufactures, and sells automobiles, and automotive parts and components in China, Europe, ASEAN countries, Latin America, the Middle East, Australia, South Africa, and internationally.

82333

HK$12.66

7D

1.3%

1Y

17.4%

BAIC Motor

HK$18.2b

Research, develops, manufactures, sells, and after-sale services passenger vehicles in the People’s Republic of China.

1958

HK$2.27

7D

-1.7%

1Y

-3.8%