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$0.78 |
| 52 Week High | NZ$0.93 |
| 52 Week Low | NZ$0.71 |
| Beta | 0.061 |
| 1 Month Change | -3.70% |
| 3 Month Change | 2.63% |
| 1 Year Change | -4.88% |
| 3 Year Change | -13.33% |
| 5 Year Change | n/a |
| Change since IPO | -40.00% |
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 | -1.3% | 0.5% | 1.9% |
| 1Y | -4.9% | 4.0% | 6.7% |
Return vs Industry: 2CC underperformed the NZ Specialty Retail industry which returned 4% over the past year.
Return vs Market: 2CC underperformed the NZ Market which returned 6.7% over the past year.
Price Volatility
| 2CC volatility | |
|---|---|
| 2CC Average Weekly Movement | 5.1% |
| Specialty Retail Industry Average Movement | 3.8% |
| Market Average Movement | 4.3% |
| 10% most volatile stocks in NZ Market | 8.7% |
| 10% least volatile stocks in NZ Market | 2.9% |
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$36.44m |
| Earnings (TTM) | NZ$4.76m |
| Revenue (TTM) | NZ$86.89m |
7.5x
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
7.8%
Current Dividend Yield67%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 05:47 |
| End of Day Share Price | 2024/12/30 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
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.
| Analyst | Institution |
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