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2 Cheap Cars Group NZSE:2CC Stock Report

Last Price

NZ$0.73

Market Cap

NZ$33.3m

7D

-3.9%

1Y

-15.1%

Updated

07 Oct, 2024

Data

Company Financials

2 Cheap Cars Group Limited

NZSE:2CC Stock Report

Market Cap: NZ$33.3m

2 Cheap Cars Group Limited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for 2 Cheap Cars Group
Historical stock prices
Current Share PriceNZ$0.73
52 Week HighNZ$0.93
52 Week LowNZ$0.66
Beta0.071
11 Month Change-6.41%
3 Month Change-8.75%
1 Year Change-15.12%
33 Year Change-13.10%
5 Year Changen/a
Change since IPO-43.85%

Recent News & Updates

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)

Recent updates

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
7D-3.9%3.6%0.7%
1Y-15.1%-2.9%6.8%

Return vs Industry: 2CC underperformed the NZ Specialty Retail industry which returned -2.9% over the past year.

Return vs Market: 2CC underperformed the NZ Market which returned 6.8% over the past year.

Price Volatility

Is 2CC's price volatile compared to industry and market?
2CC volatility
2CC Average Weekly Movement5.5%
Specialty Retail Industry Average Movement4.1%
Market Average Movement4.6%
10% most volatile stocks in NZ Market10.1%
10% least volatile stocks in NZ Market3.2%

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 (6%) 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$33.25m
Earnings (TTM)NZ$6.24m
Revenue (TTM)NZ$86.78m

5.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2CC income statement (TTM)
RevenueNZ$86.78m
Cost of RevenueNZ$66.81m
Gross ProfitNZ$19.97m
Other ExpensesNZ$13.73m
EarningsNZ$6.24m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin23.01%
Net Profit Margin7.19%
Debt/Equity Ratio7.4%

How did 2CC perform over the long term?

See historical performance and comparison

Dividends

11.4%

Current Dividend Yield

61%

Payout Ratio