2 Cheap Cars Group Past Earnings Performance
Past criteria checks 5/6
2 Cheap Cars Group has been growing earnings at an average annual rate of 6.6%, while the Specialty Retail industry saw earnings growing at 6% annually. Revenues have been growing at an average rate of 11.2% per year. 2 Cheap Cars Group's return on equity is 23.6%, and it has net margins of 5.5%.
Key information
6.6%
Earnings growth rate
-27.8%
EPS growth rate
| Specialty Retail Industry Growth | 2.3% |
| Revenue growth rate | 11.2% |
| Return on equity | 23.6% |
| Net Margin | 5.5% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance 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 09Revenue & Expenses Breakdown
How 2 Cheap Cars Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 87 | 5 | 9 | 0 |
| 30 Jun 24 | 87 | 5 | 9 | 0 |
| 31 Mar 24 | 87 | 6 | 8 | 0 |
| 31 Dec 23 | 86 | 5 | 8 | 0 |
| 30 Sep 23 | 84 | 4 | 8 | 0 |
| 30 Jun 23 | 84 | 3 | 9 | 0 |
| 31 Mar 23 | 83 | 1 | 9 | 0 |
| 31 Dec 22 | 78 | 2 | 9 | 0 |
| 30 Sep 22 | 74 | 2 | 9 | 0 |
| 30 Jun 22 | 69 | 2 | 8 | 0 |
| 31 Mar 22 | 64 | 3 | 8 | 0 |
| 31 Dec 21 | 65 | 3 | 7 | 0 |
| 30 Sep 21 | 66 | 3 | 7 | 0 |
| 30 Jun 21 | 66 | 3 | 7 | 0 |
| 31 Mar 21 | 65 | 3 | 6 | 0 |
| 31 Dec 20 | 66 | 4 | 5 | 0 |
| 30 Sep 20 | 67 | 4 | 5 | 0 |
| 30 Jun 20 | 72 | 4 | 6 | 0 |
| 31 Mar 20 | 76 | 4 | 7 | 0 |
Quality Earnings: 2CC has a high level of non-cash earnings.
Growing Profit Margin: 2CC's current net profit margins (5.5%) are higher than last year (4.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 2CC's earnings have grown by 6.6% per year over the past 5 years.
Accelerating Growth: 2CC's earnings growth over the past year (22.2%) exceeds its 5-year average (6.6% per year).
Earnings vs Industry: 2CC earnings growth over the past year (22.2%) exceeded the Specialty Retail industry -0.5%.
Return on Equity
High ROE: 2CC's Return on Equity (23.6%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/20 06:36 |
| End of Day Share Price | 2025/01/20 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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