Loading...

CAR

SEHK:699
Snowflake Description

Reasonable growth potential with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
699
SEHK
HK$13B
Market Cap
  1. Home
  2. HK
  3. Transportation
Company description

CAR Inc., an investment holding company, provides car and fleet rental services to individual and corporate customers in Mainland China. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
699 Share Price and Events
7 Day Returns
-1.2%
SEHK:699
-1.7%
HK Transportation
-0.2%
HK Market
1 Year Returns
-18%
SEHK:699
3.2%
HK Transportation
-3.9%
HK Market
699 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CAR (699) -1.2% -8.2% 18.2% -18% -27.7% -
HK Transportation -1.7% -1.1% 11.1% 3.2% 15.2% 51.9%
HK Market -0.2% 1.9% 13% -3.9% 28.2% 20.5%
1 Year Return vs Industry and Market
  • 699 underperformed the Transportation industry which returned 3.2% over the past year.
  • 699 underperformed the Market in Hong Kong which returned -3.9% over the past year.
Price Volatility
699
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CAR to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CAR.

SEHK:699 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.3%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:699
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Transportation Unlevered Beta Simply Wall St/ S&P Global 1.01
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.005 (1 + (1- 25%) (110.13%))
1.56
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.56
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.56 * 5.96%)
11.3%

Discounted Cash Flow Calculation for SEHK:699 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CAR is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:699 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 11.3%)
2019 -597.00 Analyst x1 -536.40
2020 1,081.50 Analyst x2 873.07
2021 538.00 Analyst x1 390.23
2022 288.29 Est @ -46.41% 187.88
2023 196.36 Est @ -31.89% 114.98
2024 153.71 Est @ -21.72% 80.87
2025 131.26 Est @ -14.6% 62.05
2026 118.63 Est @ -9.62% 50.38
2027 111.35 Est @ -6.13% 42.49
2028 107.24 Est @ -3.69% 36.77
Present value of next 10 years cash flows CN¥1,302.32
SEHK:699 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥107.24 × (1 + 2%) ÷ (11.3% – 2%)
CN¥1,176.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥1,176.84 ÷ (1 + 11.3%)10
CN¥403.50
SEHK:699 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥1,302.32 + CN¥403.50
CN¥1,705.82
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥1,705.82 / 2,118.72
CN¥0.81
SEHK:699 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:699)
1.173
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.81 x 1.173
HK$0.94
Value per share (HKD) From above. HK$0.94
Current discount Discount to share price of HK$6.36
= -1 x (HK$6.36 - HK$0.94) / HK$0.94
-573.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CAR is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CAR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CAR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:699 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.14
SEHK:699 Share Price ** SEHK (2019-04-18) in HKD HK$6.36
SEHK:699 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥5.42
Hong Kong Transportation Industry PE Ratio Median Figure of 6 Publicly-Listed Transportation Companies 20.37x
Hong Kong Market PE Ratio Median Figure of 1,475 Publicly-Listed Companies 11.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CAR.

SEHK:699 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:699 Share Price ÷ EPS (both in CNY)

= 5.42 ÷ 0.14

40.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CAR is overvalued based on earnings compared to the HK Transportation industry average.
  • CAR is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does CAR's expected growth come at a high price?
Raw Data
SEHK:699 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
50.5%per year
Asia Transportation Industry PEG Ratio Median Figure of 6 Publicly-Listed Transportation Companies 2.15x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.87x

*Line of best fit is calculated by linear regression .

SEHK:699 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.07x ÷ 50.5%

0.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CAR is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CAR's assets?
Raw Data
SEHK:699 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥3.76
SEHK:699 Share Price * SEHK (2019-04-18) in HKD HK$6.36
SEHK:699 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥5.42
Hong Kong Transportation Industry PB Ratio Median Figure of 7 Publicly-Listed Transportation Companies 1.03x
Hong Kong Market PB Ratio Median Figure of 2,150 Publicly-Listed Companies 1.03x
SEHK:699 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:699 Share Price ÷ Book Value per Share (both in CNY)

= 5.42 ÷ 3.76

1.44x

* Primary Listing of CAR.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CAR is overvalued based on assets compared to the HK Transportation industry average.
X
Value checks
We assess CAR's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Transportation industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Transportation industry average (and greater than 0)? (1 check)
  5. CAR has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is CAR expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
50.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CAR expected to grow at an attractive rate?
  • CAR's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • CAR's earnings growth is expected to exceed the Hong Kong market average.
  • CAR's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:699 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:699 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 50.5%
SEHK:699 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 13.9%
Hong Kong Transportation Industry Earnings Growth Rate Market Cap Weighted Average 2.8%
Asia Transportation Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:699 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:699 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 9,999 713 1
2020-12-31 8,962 1,018 992 3
2019-12-31 8,067 -422 801 3
SEHK:699 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 6,444 -793 290
2018-09-30 6,794 -1,272 374
2018-06-30 7,181 -923 638
2018-03-31 7,658 1,380 900
2017-12-31 7,717 837 881
2017-09-30 7,351 1,670 734
2017-06-30 7,097 1,486 777
2017-03-31 6,497 1,885 1,396
2016-12-31 6,454 2,074 1,460
2016-09-30 6,218 2,145 1,788
2016-06-30 5,664 1,580 2,056
2016-03-31 5,581 -556 1,498

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CAR's earnings are expected to grow significantly at over 20% yearly.
  • CAR's revenue is expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:699 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from CAR Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:699 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.43 0.43 0.43 1.00
2019-12-31 0.35 0.35 0.35 1.00
SEHK:699 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.14
2018-09-30 0.17
2018-06-30 0.29
2018-03-31 0.41
2017-12-31 0.39
2017-09-30 0.32
2017-06-30 0.33
2017-03-31 0.59
2016-12-31 0.62
2016-09-30 0.75
2016-06-30 0.86
2016-03-31 0.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • CAR is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CAR's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CAR has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has CAR performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CAR's growth in the last year to its industry (Transportation).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CAR's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • CAR's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CAR's 1-year earnings growth is negative, it can't be compared to the HK Transportation industry average.
Earnings and Revenue History
CAR's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CAR Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:699 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,443.70 289.85 546.49
2018-09-30 6,793.69 373.77 526.47
2018-06-30 7,181.16 637.58 480.72
2018-03-31 7,657.64 899.60 484.65
2017-12-31 7,717.34 881.11 499.98
2017-09-30 7,350.85 733.87 521.40
2017-06-30 7,096.76 776.78 534.95
2017-03-31 6,496.56 1,396.26 613.93
2016-12-31 6,453.96 1,459.59 619.22
2016-09-30 6,218.37 1,788.35 642.87
2016-06-30 5,664.18 2,055.97 643.06
2016-03-31 5,580.98 1,498.39 563.33
2015-12-31 5,002.72 1,401.40 545.12
2015-09-30 4,514.61 1,110.37 521.53
2015-06-30 3,965.75 625.03 501.28
2015-03-31 3,767.50 514.93 478.84
2014-12-31 3,520.44 436.11 442.82
2014-09-30 3,439.77 135.94 553.80
2014-06-30 3,414.67 -6.68 547.69
2014-03-31 2,915.93 -126.06 535.24
2013-12-31 2,702.72 -223.37 530.96
2012-12-31 1,609.02 -132.30 347.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CAR has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CAR used its assets more efficiently than the HK Transportation industry average last year based on Return on Assets.
  • CAR's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CAR's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Transportation industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CAR has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is CAR's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CAR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CAR is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CAR's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CAR's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CAR Company Filings, last reported 3 months ago.

SEHK:699 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,973.03 12,651.85 3,186.40
2018-09-30 7,940.05 13,419.41 4,092.64
2018-06-30 8,017.48 13,294.42 4,553.53
2018-03-31 8,105.95 11,652.22 6,219.27
2017-12-31 7,873.91 11,121.74 4,813.31
2017-09-30 7,851.45 11,431.36 5,129.33
2017-06-30 8,026.28 11,241.94 4,925.94
2017-03-31 8,247.52 11,001.61 5,151.72
2016-12-31 8,218.61 11,682.08 5,723.16
2016-09-30 8,163.85 9,719.41 3,403.68
2016-06-30 7,986.70 9,768.88 3,400.04
2016-03-31 7,383.42 8,572.01 2,567.91
2015-12-31 7,099.32 8,385.16 1,987.88
2015-09-30 6,669.56 9,655.33 2,691.84
2015-06-30 6,058.05 7,446.12 2,086.74
2015-03-31 5,801.99 7,265.91 4,152.91
2014-12-31 5,589.58 3,610.69 2,422.44
2014-09-30 5,455.79 4,004.78 4,088.30
2014-06-30 2,140.00 4,231.59 1,064.49
2014-03-31 72.94 5,541.99 841.84
2013-12-31 72.94 5,541.99 841.84
2012-12-31 15.52 4,648.98 910.37
  • CAR's level of debt (158.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (7598.2% vs 158.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess CAR's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CAR has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is CAR's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from CAR dividends. Estimated to be 0% next year.
If you bought HK$2,000 of CAR shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate CAR's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CAR's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:699 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Asia Transportation Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 2.6%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 1.9%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:699 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as CAR has not reported any payouts.
  • Unable to verify if CAR's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CAR's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CAR has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of CAR's dividends in 3 years as they are not expected to pay a notable one for Hong Kong.
X
Income/ dividend checks
We assess CAR's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CAR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CAR has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yifan Song
COMPENSATION CN¥2,763,000
AGE 42
TENURE AS CEO 3 years
CEO Bio

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 Vice-President of Stores Management, Call Centers & Customer Services since September 2007. Before joining China Auto Rental Inc., she served as the Head of Customer Services for UAA Beijing from 2005 to 2007. Prior to that, she served as the Head of Customer Services at Yingtong Information System Co., Ltd. from 2003 to 2005 and Shouchuang Internet Co., Ltd. from 2000 to 2002. Ms. Song served as Technical Support Manager at Beijing Youheng Technology Co., Ltd. from 1999 to 2000. She was a Member of the Technical Support Department at Beijing Ruide Hengchang Computer System Co., Ltd. from 1998 to 1999. She graduated from the College of Electric Automation Engineering of Beijing Union University in 1998 where she majored in Communication Engineering. She holds an MBA degree from Central University of Finance and Economics of China.

CEO Compensation
  • Yifan's compensation has been consistent with company performance over the past year.
  • Yifan's remuneration is about average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the CAR management team in years:

3
Average Tenure
42
Average Age
  • The tenure for the CAR management team is about average.
Management Team

Yifan Song

TITLE
CEO & Executive Director
COMPENSATION
CN¥3M
AGE
42
TENURE
3 yrs

Guangyu Cao

TITLE
VP & Interim CFO
AGE
41
TENURE
0.6 yrs

Ka Man So

TITLE
Company Secretary
AGE
44
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the CAR board of directors in years:

4
Average Tenure
47.5
Average Age
  • The tenure for the CAR board of directors is about average.
Board of Directors

Charles Lu

TITLE
Chairman
AGE
49
TENURE
5 yrs

Yifan Song

TITLE
CEO & Executive Director
COMPENSATION
CN¥3M
AGE
42
TENURE
3 yrs

Hanhui Sun Sam

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥676K
AGE
46
TENURE
4.7 yrs

Wei Ding

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥676K
AGE
58
TENURE
4.7 yrs

Li Zhang

TITLE
Independent Non-Executive Director
AGE
51
TENURE
1.2 yrs

Linan Zhu

TITLE
Non-Executive Director
AGE
55
TENURE
5 yrs

Xiaogeng Li

TITLE
Non-Executive Director
AGE
42
TENURE
3.4 yrs

Frank Wei

TITLE
Non-Executive Director
AGE
46
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess CAR's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CAR has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

CAR Inc. (HKG:699) Delivered A Weaker ROE Than Its Industry

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.047 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

CAR Inc (HKG:699): A Look At Return On Capital

Owing to this, it is important that the underlying business is producing a sufficient amount of income from the capital invested by stockholders. … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand CAR’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

CAR Inc (HKG:699): Can It Deliver A Superior ROE To The Industry?

and want to learn about Return on Equity using a real-life example. … But what is more interesting is whether 699 can sustain or improve on this level of return. … Breaking down Return on Equity

Simply Wall St -

Should You Be Concerned About CAR Inc's (HKG:699) Shareholders?

In this article, I will take a quick look at CAR Inc’s (HKG:699) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Is CAR Inc's (HKG:699) Stock Available For A Good Price After Accounting For Growth?

CAR Inc (HKG:699) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of HK$7.32 is based on unrealistic expectations. … Let’s look into this by assessing 699's expected growth over the next few years. … If you believe the analysts covering the stock then the following year will be very interesting

Simply Wall St -

Is CAR Inc (HKG:699) Undervalued?

saw a double-digit share price rise of over 10% in the past couple of months on the SEHK. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, could the stock still be trading at a relatively cheap price.

Simply Wall St -

Is It Time To Sell CAR Inc (HKG:699) Based Off Its PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between CAR Inc (HKG:699)’s fundamentals and stock market performance. … While 699 might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

Company Info

Description

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.

Details
Name: CAR Inc.
699
Exchange: SEHK
Founded: 2007
HK$13,475,041,519
2,118,717,220
Website: http://www.zuche.com
Address: CAR Inc.
UCAR PARK,
No. 118 East Zhongguancun Road,
Beijing,
100098,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 699 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Sep 2014
DB 85C Ordinary Shares Deutsche Boerse AG DE EUR 19. Sep 2014
SHSC 699 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 19. Sep 2014
SZSC 699 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 19. Sep 2014
Number of employees
Current staff
Staff numbers
6,910
CAR employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 13:02
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2019/04/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.