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2 Cheap Cars Group NZSE:2CC Stock Report

Last Price

NZ$0.79

Market Cap

NZ$36.0m

7D

5.3%

1Y

-9.2%

Updated

21 Dec, 2024

Data

Company Financials

2 Cheap Cars Group Limited

NZSE:2CC Stock Report

Market Cap: NZ$36.0m

2CC Stock Overview

Engages in used automotive vehicle retailer and vehicle finance businesses in New Zealand. More details

2CC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

My Notes

Capture your thoughts, links and company narrative

2 Cheap Cars Group Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for 2 Cheap Cars Group
Historical stock prices
Current Share PriceNZ$0.79
52 Week HighNZ$0.93
52 Week LowNZ$0.71
Beta0.061
1 Month Change-5.95%
3 Month Change11.27%
1 Year Change-9.20%
3 Year Change-8.14%
5 Year Changen/a
Change since IPO-39.23%

Recent News & Updates

Additional Considerations Required While Assessing 2 Cheap Cars Group's (NZSE:2CC) Strong Earnings

Nov 22
Additional Considerations Required While Assessing 2 Cheap Cars Group's (NZSE:2CC) Strong Earnings

Recent updates

Additional Considerations Required While Assessing 2 Cheap Cars Group's (NZSE:2CC) Strong Earnings

Nov 22
Additional Considerations Required While Assessing 2 Cheap Cars Group's (NZSE:2CC) Strong Earnings

Returns on Capital Paint A Bright Future For 2 Cheap Cars Group (NZSE:2CC)

Sep 05
Returns on Capital Paint A Bright Future For 2 Cheap Cars Group (NZSE:2CC)

Returns On Capital At 2 Cheap Cars Group (NZSE:2CC) Paint A Concerning Picture

Aug 23
Returns On Capital At 2 Cheap Cars Group (NZSE:2CC) Paint A Concerning Picture

Investors Could Be Concerned With NZ Automotive Investments' (NZSE:NZA) Returns On Capital

Apr 12
Investors Could Be Concerned With NZ Automotive Investments' (NZSE:NZA) Returns On Capital

Here's What's Concerning About NZ Automotive Investments' (NZSE:NZA) Returns On Capital

Jul 19
Here's What's Concerning About NZ Automotive Investments' (NZSE:NZA) Returns On Capital

NZ Automotive Investments (NZSE:NZA) Has Announced That Its Dividend Will Be Reduced To NZ$0.0063

Jun 01
NZ Automotive Investments (NZSE:NZA) Has Announced That Its Dividend Will Be Reduced To NZ$0.0063

NZ Automotive Investments' (NZSE:NZA) Shareholders Have More To Worry About Than Only Soft Earnings

Dec 09
NZ Automotive Investments' (NZSE:NZA) Shareholders Have More To Worry About Than Only Soft Earnings

Shareholder Returns

2CCNZ Specialty RetailNZ Market
7D5.3%-0.9%1.1%
1Y-9.2%4.7%6.1%

Return vs Industry: 2CC underperformed the NZ Specialty Retail industry which returned 4.7% over the past year.

Return vs Market: 2CC underperformed the NZ Market which returned 6.1% over the past year.

Price Volatility

Is 2CC's price volatile compared to industry and market?
2CC volatility
2CC Average Weekly Movement5.3%
Specialty Retail Industry Average Movement3.8%
Market Average Movement4.6%
10% most volatile stocks in NZ Market9.1%
10% least volatile stocks in NZ Market3.1%

Stable Share Price: 2CC has not had significant price volatility in the past 3 months compared to the NZ market.

Volatility Over Time: 2CC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011n/aDavid Senawww.2cheapcars.co.nz

2 Cheap Cars Group Limited engages in used automotive vehicle retailer and vehicle finance businesses in New Zealand. It sells used vehicles through various dealerships under the 2 Cheap Cars brand name. The company was formerly known as NZ Automotive Investments Limited and changed its name to 2 Cheap Cars Group Limited in June 2023. 2 Cheap Cars Group Limited was founded in 2011 and is headquartered in Auckland, New Zealand.

2 Cheap Cars Group Limited Fundamentals Summary

How do 2 Cheap Cars Group's earnings and revenue compare to its market cap?
2CC fundamental statistics
Market capNZ$35.99m
Earnings (TTM)NZ$4.76m
Revenue (TTM)NZ$86.89m

7.6x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2CC income statement (TTM)
RevenueNZ$86.89m
Cost of RevenueNZ$68.24m
Gross ProfitNZ$18.65m
Other ExpensesNZ$13.89m
EarningsNZ$4.76m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin21.46%
Net Profit Margin5.47%
Debt/Equity Ratio7.4%

How did 2CC perform over the long term?

See historical performance and comparison

Dividends

7.7%

Current Dividend Yield

67%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 11:46
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

2 Cheap Cars Group Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution