2CC Stock Overview
Engages in used automotive vehicle retailer and vehicle finance businesses in New Zealand. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
My Notes
Capture your thoughts, links and company narrative
2 Cheap Cars Group Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$0.79 |
| 52 Week High | NZ$0.93 |
| 52 Week Low | NZ$0.71 |
| Beta | 0.061 |
| 1 Month Change | -5.95% |
| 3 Month Change | 11.27% |
| 1 Year Change | -9.20% |
| 3 Year Change | -8.14% |
| 5 Year Change | n/a |
| Change since IPO | -39.23% |
Recent News & Updates
Recent updates
Additional Considerations Required While Assessing 2 Cheap Cars Group's (NZSE:2CC) Strong Earnings
Nov 22
Returns on Capital Paint A Bright Future For 2 Cheap Cars Group (NZSE:2CC)
Sep 05Returns On Capital At 2 Cheap Cars Group (NZSE:2CC) Paint A Concerning Picture
Aug 23Investors Could Be Concerned With NZ Automotive Investments' (NZSE:NZA) Returns On Capital
Apr 12Here's What's Concerning About NZ Automotive Investments' (NZSE:NZA) Returns On Capital
Jul 19NZ Automotive Investments (NZSE:NZA) Has Announced That Its Dividend Will Be Reduced To NZ$0.0063
Jun 01NZ Automotive Investments' (NZSE:NZA) Shareholders Have More To Worry About Than Only Soft Earnings
Dec 09Shareholder Returns
| 2CC | NZ Specialty Retail | NZ Market | |
|---|---|---|---|
| 7D | 5.3% | -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
| 2CC volatility | |
|---|---|
| 2CC Average Weekly Movement | 5.3% |
| Specialty Retail Industry Average Movement | 3.8% |
| Market Average Movement | 4.6% |
| 10% most volatile stocks in NZ Market | 9.1% |
| 10% least volatile stocks in NZ Market | 3.1% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | n/a | David Sena | www.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
| 2CC fundamental statistics | |
|---|---|
| Market cap | NZ$35.99m |
| Earnings (TTM) | NZ$4.76m |
| Revenue (TTM) | NZ$86.89m |
7.6x
P/E Ratio0.4x
P/S RatioIs 2CC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2CC income statement (TTM) | |
|---|---|
| Revenue | NZ$86.89m |
| Cost of Revenue | NZ$68.24m |
| Gross Profit | NZ$18.65m |
| Other Expenses | NZ$13.89m |
| Earnings | NZ$4.76m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.10 |
| Gross Margin | 21.46% |
| Net Profit Margin | 5.47% |
| Debt/Equity Ratio | 7.4% |
How did 2CC perform over the long term?
See historical performance and comparisonDividends
7.7%
Current Dividend Yield67%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 11:46 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
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