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 |
2 Cheap Cars Group Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$0.84 |
| 52 Week High | NZ$0.93 |
| 52 Week Low | NZ$0.71 |
| Beta | 0.068 |
| 11 Month Change | 12.00% |
| 3 Month Change | -6.67% |
| 1 Year Change | 1.20% |
| 33 Year Change | -4.55% |
| 5 Year Change | n/a |
| Change since IPO | -35.38% |
Recent News & Updates
Recent updates
Returns on Capital Paint A Bright Future For 2 Cheap Cars Group (NZSE:2CC)
Sep 05
Returns 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 | 0% | 2.4% | 0.1% |
| 1Y | 1.2% | -2.5% | 9.6% |
Return vs Industry: 2CC exceeded the NZ Specialty Retail industry which returned -2.5% over the past year.
Return vs Market: 2CC underperformed the NZ Market which returned 9.6% over the past year.
Price Volatility
| 2CC volatility | |
|---|---|
| 2CC Average Weekly Movement | 6.1% |
| Specialty Retail Industry Average Movement | 3.6% |
| Market Average Movement | 4.5% |
| 10% most volatile stocks in NZ Market | 9.3% |
| 10% least volatile stocks in NZ Market | 3.0% |
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
| 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$37.35m |
| Earnings (TTM) | NZ$4.76m |
| Revenue (TTM) | NZ$86.89m |
8.0x
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
9.9%
Current Dividend Yield77%
Payout RatioDoes 2CC pay a reliable dividends?
See 2CC dividend history and benchmarks| 2 Cheap Cars Group dividend dates | |
|---|---|
| Ex Dividend Date | Nov 21 2024 |
| Dividend Pay Date | Dec 06 2024 |
| Days until Ex dividend | 1 day |
| Days until Dividend pay date | 14 days |
Does 2CC pay a reliable dividends?
See 2CC dividend history and benchmarks