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CGEN

Car & General (Kenya)NASE:CGEN Stock Report

Market Cap

KSh1.4b

7D

0%

1Y

44.0%

Updated

21 Oct, 2021

Data

Company Financials
CGEN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends0/6

CGEN Overview

Car & General (Kenya) Plc provides a range of engine related products through a distribution network in Kenya, Uganda, Tanzania, and Rwanda.

Price History & Performance

Summary of all time highs, changes and price drops for Car & General (Kenya)
Historical stock prices
Current Share PriceKSh36.00
52 Week HighKSh20.00
52 Week LowKSh37.80
Beta-0.073
1 Month Change16.13%
3 Month Change12.50%
1 Year Change44.00%
3 Year Change90.48%
5 Year Change33.33%
Change since IPO956.01%

Recent News & Updates

Shareholder Returns

CGENKE Specialty RetailKE Market
7D0%1.1%0.1%
1Y44.0%61.0%28.0%

Return vs Industry: CGEN underperformed the KE Specialty Retail industry which returned 62.9% over the past year.

Return vs Market: CGEN exceeded the KE Market which returned 28.2% over the past year.

Price Volatility

Is CGEN's price volatile compared to industry and market?
CGEN volatility
CGEN Beta-0.073
Industry Beta0.91
Market Beta1

Stable Share Price: Insufficient data to determine CGEN's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine CGEN's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1936724Vijay Gidoomalhttps://www.cargen.com

Car & General (Kenya) Plc provides a range of engine related products through a distribution network in Kenya, Uganda, Tanzania, and Rwanda. It operates through Trade and Workshop, Investment Properties, Poultry, Financial Services, and ICT Training and Development segments. The Trade and Workshop segment sells and services power equipment, household goods, agricultural tractors and implements, marine engines, motor cycles, motor cars, three-wheeler vehicles, commercial laundry equipment, commercial engines, excavators, and general goods.

Car & General (Kenya) Fundamentals Summary

How do Car & General (Kenya)'s earnings and revenue compare to its market cap?
CGEN fundamental statistics
Market CapKSh1.44b
Earnings (TTM)KSh570.54m
Revenue (TTM)KSh13.99b

2.5x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CGEN income statement (TTM)
RevenueKSh13.99b
Cost of RevenueKSh11.61b
Gross ProfitKSh2.38b
ExpensesKSh1.81b
EarningsKSh570.54m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)14.23
Gross Margin17.00%
Net Profit Margin4.08%
Debt/Equity Ratio90.5%

How did CGEN perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

6%

Payout Ratio

Valuation

Is Car & General (Kenya) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CGEN (KES36) is trading below our estimate of fair value (KES821.55)

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


Price To Earnings Ratio

PE vs Industry: CGEN is good value based on its PE Ratio (2.5x) compared to the African Specialty Retail industry average (9.4x).

PE vs Market: CGEN is good value based on its PE Ratio (2.5x) compared to the KE market (6.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CGEN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CGEN is good value based on its PB Ratio (0.4x) compared to the XF Specialty Retail industry average (1.6x).


Future Growth

How is Car & General (Kenya) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

29.1%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Car & General (Kenya) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Car & General (Kenya) performed over the past 5 years?

39.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CGEN has high quality earnings.

Growing Profit Margin: CGEN's current net profit margins (4.1%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: CGEN's earnings have grown significantly by 39.4% per year over the past 5 years.

Accelerating Growth: CGEN's earnings growth over the past year (156%) exceeds its 5-year average (39.4% per year).

Earnings vs Industry: CGEN earnings growth over the past year (156%) exceeded the Specialty Retail industry 55.4%.


Return on Equity

High ROE: CGEN's Return on Equity (13.2%) is considered low.


Financial Health

How is Car & General (Kenya)'s financial position?


Financial Position Analysis

Short Term Liabilities: CGEN's short term assets (KES5.0B) do not cover its short term liabilities (KES5.7B).

Long Term Liabilities: CGEN's short term assets (KES5.0B) exceed its long term liabilities (KES2.2B).


Debt to Equity History and Analysis

Debt Level: CGEN's debt to equity ratio (90.5%) is considered high.

Reducing Debt: CGEN's debt to equity ratio has reduced from 101% to 90.5% over the past 5 years.

Debt Coverage: CGEN's debt is well covered by operating cash flow (32.4%).

Interest Coverage: CGEN's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Dividend

What is Car & General (Kenya) current dividend yield, its reliability and sustainability?

2.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CGEN's dividend (2.22%) isn’t notable compared to the bottom 25% of dividend payers in the KE market (4.16%).

High Dividend: CGEN's dividend (2.22%) is low compared to the top 25% of dividend payers in the KE market (7.89%).


Stability and Growth of Payments

Stable Dividend: CGEN is not paying a notable dividend for the KE market, therefore no need to check if payments are stable.

Growing Dividend: CGEN is not paying a notable dividend for the KE market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CGEN is not paying a notable dividend for the KE market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CGEN's dividend in 3 years as they are not forecast to pay a notable one for the KE market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

KSh18m

CEO Compensation


CEO

Vijay Gidoomal (53 yo)

no data

Tenure

KSh18,131,000

Compensation

Mr. Vijay V. Gidoomal has been Group Managing Director of Car & General (Kenya) Limited since 1996 and also serves as its Chief Executive Officer. Mr. Gidoomal oversaw a complete restructuring of Car & Gen...


CEO Compensation Analysis

Compensation vs Market: Vijay's total compensation ($USD163.21K) is below average for companies of similar size in the KE market ($USD263.21K).

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


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Car & General (Kenya) Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Car & General (Kenya) Plc
  • Ticker: CGEN
  • Exchange: NASE
  • Founded: 1936
  • Industry: Automotive Retail
  • Sector: Retail
  • Market Cap: KSh1.444b
  • Shares outstanding: 40.10m
  • Website: https://www.cargen.com

Number of Employees


Location

  • Car & General (Kenya) Plc
  • New Cargen House
  • Lusaka Road
  • Nairobi
  • 200
  • Kenya

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 14:02
End of Day Share Price2021/10/19 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.