CAR Inc., an investment holding company, provides car and fleet rental services to individual and corporate customers in Mainland China.
Poor track record with worrying balance sheet.
Share Price & News
How has CAR's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 699 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 699 underperformed the Hong Kong Transportation industry which returned -7.3% over the past year.
Return vs Market: 699 underperformed the Hong Kong Market which returned -10.2% over the past year.
Price Volatility Vs. Market
How volatile is CAR's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIs CAR (HKG:699) A Risky Investment?
4 weeks ago | Simply Wall StHow Much is CAR Inc.'s (HKG:699) CEO Getting Paid?
1 month ago | Simply Wall StRead This Before Buying CAR Inc. (HKG:699) Shares
Is CAR undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 699 (HK$4.89) is trading above our estimate of fair value (HK$1.4)
Significantly Below Fair Value: 699 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 699 is poor value based on its PE Ratio (35.4x) compared to the Transportation industry average (18.6x).
PE vs Market: 699 is poor value based on its PE Ratio (35.4x) compared to the Hong Kong market (9.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 699's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 699 is overvalued based on its PB Ratio (1.2x) compared to the HK Transportation industry average (0.8x).
How is CAR forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if 699's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if 699's earnings are forecast to grow faster than the Hong Kong market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 699's revenue (2.4% per year) is forecast to grow slower than the Hong Kong market (9.7% per year).
High Growth Revenue: 699's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 699's Return on Equity is forecast to be low in 3 years time (7.7%).
How has CAR performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 699 has high quality earnings.
Growing Profit Margin: 699's current net profit margins (3.6%) are lower than last year (5.5%).
Past Earnings Growth Analysis
Earnings Trend: 699's earnings have declined by -11.1% per year over the past 5 years.
Accelerating Growth: 699's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 699 had negative earnings growth (-29.3%) over the past year, making it difficult to compare to the Transportation industry average (-12.2%).
Return on Equity
High ROE: 699's Return on Equity (3.3%) is considered low.
Return on Assets
Return on Capital Employed
How is CAR's financial position?
Financial Position Analysis
Short Term Liabilities: 699's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥7.5B).
Long Term Liabilities: 699's short term assets (CN¥7.6B) do not cover its long term liabilities (CN¥9.1B).
Debt to Equity History and Analysis
Debt Level: 699's debt to equity ratio (163.2%) is considered high.
Reducing Debt: 699's debt to equity ratio has increased from 69.7% to 163.2% over the past 5 years.
Debt Coverage: 699's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: 699's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Inventory Level: 699 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 699's debt is not covered by short term assets (assets are 0.6x debt).
What is CAR's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 699's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 699's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 699's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 699's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 699's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yifan Song (43yo)
Ms. Yifan Song has been the Chief Executive Officer and Executive Director of CAR Inc. since April 11, 2016. Ms. Song served as an Executive Vice-President of CAR Inc. since May 15, 2014 and served as its ...
CEO Compensation Analysis
Compensation vs Market: Yifan's total compensation ($USD149.67K) is below average for companies of similar size in the Hong Kong market ($USD556.29K).
Compensation vs Earnings: Yifan's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||3.8yrs||CN¥1.05m||1.82% CN¥188.3m|
|VP & Interim CFO||1.4yrs||no data||no data|
|Company Secretary||5.6yrs||no data||no data|
Experienced Management: 699's management team is considered experienced (3.8 years average tenure).
|CEO & Executive Director||3.8yrs||CN¥1.05m||1.82% CN¥188.3m|
|Non-Executive Director||5.8yrs||no data||no data|
|Independent Non-Executive Director||5.5yrs||CN¥662.00k||0.024% CN¥2.5m|
|Independent Non-Executive Director||5.5yrs||CN¥662.00k||no data|
|Independent Non-Executive Director||2yrs||CN¥555.00k||no data|
|Non-Executive Director||4.1yrs||no data||no data|
|Non-Executive Director||4.3yrs||no data||no data|
Experienced Board: 699's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 699 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CAR Inc.'s company bio, employee growth, exchange listings and data sources
- Name: CAR Inc.
- Ticker: 699
- Exchange: SEHK
- Founded: 2007
- Industry: Trucking
- Sector: Transportation
- Market Cap: HK$10.365b
- Shares outstanding: 2.12b
- Website: https://www.zuche.com
Number of Employees
- CAR Inc.
- UCAR PARK
- No. 118 East Zhongguancun Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|699||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Sep 2014|
|85C||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Sep 2014|
|699||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Sep 2014|
|699||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Sep 2014|
CAR Inc., an investment holding company, provides car and fleet rental services to individual and corporate customers in Mainland China. The company offers short-term rentals for local and inter-city travel needs, as well as replacement rental and other needs; long-term rentals for corporations, SMEs, and government agencies; and finance leasing services. It also provides various value-added services, including 24/7 roadside assistance, auto insurance and additional coverage, one-way rental, vehicle delivery, GPS navigation system, and child seat services. In addition, the company offers vehicle parking management, investment, chauffeured, auto repair, consulting, car rental information system, management, and information technology services; processes and manufactures auto parts; and sells used cars. As of December 31, 2018, it operated 1,098 directly-operated service locations in 118 cities, including 416 stores and 682 pick-up points. The company was formerly known as China Auto Rental Inc. and changed its name to CAR Inc. in June 2014. CAR Inc. was founded in 2007 and is headquartered in Beijing, the People's Republic of China.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 13:21|
|End of Day Share Price||2020/02/26 00:00|
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.