Market Cap
US$1.1b
Last Updated
2021/01/18 23:59 UTC
Data Sources
Company Financials +
Executive Summary
Cango Inc. operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the People’s Republic of China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with adequate balance sheet.
Similar Companies
Share Price & News
How has Cango's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CANG is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: CANG's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of US stocks.
Market Performance
7 Day Return
3.9%
CANG
0.2%
US Online Retail
-0.4%
US Market
1 Year Return
-12.1%
CANG
55.8%
US Online Retail
19.5%
US Market
Return vs Industry: CANG underperformed the US Online Retail industry which returned 55.8% over the past year.
Return vs Market: CANG underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| CANG | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | 0.2% | -0.4% |
| 30 Day | 1.6% | -1.4% | 2.3% |
| 90 Day | 38.6% | -0.7% | 12.7% |
| 1 Year | -8.1%-12.1% | 56.0%55.8% | 22.3%19.5% |
| 3 Year | n/a | 87.6%87.5% | 44.4%34.8% |
| 5 Year | n/a | 305.6%304.8% | 128.7%103.3% |
Long-Term Price Volatility Vs. Market
How volatile is Cango's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Calculating The Intrinsic Value Of Cango Inc. (NYSE:CANG)2 months ago | Simply Wall St
Will Cango (NYSE:CANG) Multiply In Value Going Forward?3 months ago | Simply Wall St
Cango Inc.'s (NYSE:CANG) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?Valuation
Is Cango undervalued compared to its fair value and its price relative to the market?
3.83x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CANG ($7.47) is trading above our estimate of fair value ($6.81)
Significantly Below Fair Value: CANG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CANG is good value based on its PE Ratio (3.8x) compared to the US Online Retail industry average (32x).
PE vs Market: CANG is good value based on its PE Ratio (3.8x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CANG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CANG is good value based on its PB Ratio (1x) compared to the US Online Retail industry average (4.9x).
Next Steps
Future Growth
How is Cango forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
19.6%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if CANG's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if CANG's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CANG's revenue (19.6% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: CANG's revenue (19.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CANG's Return on Equity is forecast to be low in 3 years time (7.6%).
Next Steps
Past Performance
How has Cango performed over the past 5 years?
60.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CANG has a large one-off gain of CN¥1.9B impacting its September 30 2020 financial results.
Growing Profit Margin: CANG's current net profit margins are higher than last year (25.1%).
Past Earnings Growth Analysis
Earnings Trend: CANG's earnings have grown significantly by 60% per year over the past 5 years.
Accelerating Growth: CANG's earnings growth over the past year (458.7%) exceeds its 5-year average (60% per year).
Earnings vs Industry: CANG earnings growth over the past year (458.7%) exceeded the Online Retail industry 26.1%.
Return on Equity
High ROE: CANG's Return on Equity (27.7%) is considered high.
Next Steps
Financial Health
How is Cango's financial position?
Financial Position Analysis
Short Term Liabilities: CANG's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: CANG's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥946.0M).
Debt to Equity History and Analysis
Debt Level: CANG's debt to equity ratio (34.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CANG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CANG's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: CANG earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Cango current dividend yield, its reliability and sustainability?
3.33%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CANG's dividend (3.33%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: CANG's dividend (3.33%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether CANG's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if CANG's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CANG is not forecast to pay a dividend in 3 years.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average board tenure
CEO
Jiayuan Lin (51 yo)
11yrs
Tenure
Mr. Jiayuan Lin is a Co-Founder of Cango Inc. and also has been its Chief Executive Officer and Director since 2010. Mr. Lin served as an assistant general manager of Shanghai Automobile Group Finance Comp...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Chairman of the Board | 7yrs | no data | 12.68% CN¥ 143.0m | |
| Co-Founder | 11yrs | no data | 19.66% CN¥ 221.7m | |
| CFO & Director | 3yrs | no data | no data | |
| Independent Director | 2.5yrs | no data | no data | |
| Director | 4yrs | no data | no data | |
| Independent Director | 1.5yrs | no data | no data | |
| Director | 3yrs | no data | no data | |
| Director | 3yrs | no data | no data | |
| Independent Director | 2.5yrs | no data | no data |
3.0yrs
Average Tenure
48yo
Average Age
Experienced Board: CANG's board of directors are considered experienced (3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Cango Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cango Inc.
- Ticker: CANG
- Exchange: NYSE
- Founded: 2010
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Market Cap: US$1.128b
- Shares outstanding: 150.97m
- Website: https://www.cangoonline.com
Number of Employees
Location
- Cango Inc.
- 10A, Building 3
- Youyou Century Plaza
- Shanghai
- 200127
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CANG | NYSE (New York Stock Exchange) | Yes | ADS | US | USD | Jul 2018 |
Biography
Cango Inc. operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the People’s Republic of China. It facilitates a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 23:59 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.