Anhui Ankai Automobile

Anhui Ankai Automobile's net profit fell 101% yoy to CNY -0.222 mil in 2Q2020

By Helgi Analytics - October 2, 2020

Anhui Ankai Automobile made a net profit of CNY -0.222 mil with revenues of CNY 571 mil in 2Q2020, down by 101% and down ...

Anhui Ankai Automobile's Total Cash From Operations fell 95.4% yoy to CNY -387 mil in 2Q2020

By Helgi Analytics - October 2, 2020

Anhui Ankai Automobile's operating cash flow stood at CNY -387 mil in 2Q2020, down 95.4% when compared to the previous year. ...

Anhui Ankai Automobile's Cash & Cash Equivalents remain unchanged yoy at CNY mil in 2Q2020

By Helgi Analytics - October 12, 2020

Anhui Ankai Automobile's total assets reached CNY 4,732 mil at the end of 2Q2020, down 30.8% compared to the previous year. ...

Profit Statement 2017 2018 2019
Sales CNY mil 5,449 3,147 3,376
Gross Profit CNY mil 551 149 542
EBITDA CNY mil -120 -561 128
EBIT CNY mil -202 -632 59.6
Financing Cost CNY mil 74.2 89.9 102
Pre-Tax Profit CNY mil -295 -737 55.1
Net Profit CNY mil -230 -893 33.6
Dividends CNY mil 0 0 0
Balance Sheet 2017 2018 2019
Total Assets CNY mil 7,979 7,131 5,258
Non-Current Assets CNY mil 1,633 1,572 1,555
Current Assets CNY mil 6,346 5,560 3,704
Working Capital CNY mil 222 231 14.7
Shareholders' Equity CNY mil 1,140 454 506
Liabilities CNY mil 6,838 6,677 4,752
Total Debt CNY mil 4,192 3,761 2,775
Net Debt CNY mil 3,758 3,383 2,113
Ratios 2017 2018 2019
ROE % -17.6 -112 7.00
ROCE % -11.8 -48.9 1.99
Gross Margin % 10.1 4.72 16.1
EBITDA Margin % -2.19 -17.8 3.78
EBIT Margin % -3.70 -20.1 1.77
Net Margin % -4.22 -28.4 0.996
Net Debt/EBITDA -31.4 -6.03 16.5
Net Debt/Equity % 330 745 418
Cost of Financing % 1.80 2.26 3.13
Valuation 2017 2018 2019
Market Capitalisation USD mil 889 394 564
Enterprise Value (EV) USD mil 1,467 888 868
Number Of Shares mil 696 715 733
Share Price CNY 8.32 3.70 5.36
EV/EBITDA -82.6 -10.6 47.0
EV/Sales 1.81 1.89 1.78
Price/Earnings (P/E) -25.2 -2.96 107
Price/Book Value (P/BV) 5.07 5.82 7.77
Dividend Yield % 0.240 0 0

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overview Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                    
Sales CNY mil                                       3,531 4,828 4,014 4,757 5,449    
Gross Profit CNY mil                                       195 393 -549 -858 551    
EBIT CNY mil                                       -316 -228 -1,315 -1,840 -202    
Net Profit CNY mil                                       -34.7 23.5 40.2 51.4 -230    
                                                       
ROE % ...                                     -2.62 1.75 2.81 3.53 -17.6    
EBIT Margin %                                       -8.95 -4.73 -32.8 -38.7 -3.70    
Net Margin %                                       -0.984 0.487 1.00 1.08 -4.22    
Employees ... ...   ... ...                             4,090 4,875 5,134 5,058 4,853    
balance sheet                                                    
Total Assets CNY mil                                       4,437 4,955 6,176 9,078 7,979    
Non-Current Assets CNY mil                                       1,162 1,444 1,663 1,792 1,633    
Current Assets CNY mil                                       3,275 3,510 4,513 7,286 6,346    
                                                       
Shareholders' Equity CNY mil                                       1,264 1,427 1,437 1,472 1,140    
Liabilities CNY mil                                       3,173 3,528 4,738 7,607 6,838    
Non-Current Liabilities CNY mil                                       212 297 380 750 667    
Current Liabilities CNY mil                                       2,962 3,230 4,359 6,856 6,172    
                                                       
Net Debt/EBITDA                                       -1.71 -3.03 -0.829 -1.98 -31.4    
Net Debt/Equity %                                       37.3 37.1 71.6 236 330    
Cost of Financing % ...                                     1.41 1.37 1.47 2.25 1.80    
cash flow                                                    
Total Cash From Operations CNY mil ... ...                                   -166 103 -328 -1,330 161    
Total Cash From Investing CNY mil ... ... ... ...                               -196 -18.2 -161 -77.8 -113    
Total Cash From Financing CNY mil ... ... ... ...                               -243 49.5 170 920 -257    
Net Change In Cash CNY mil ... ... ... ...                               -544 134 -318 -487 -214    
valuation                                                    
Market Capitalisation USD mil ... ... ...                                 454 642 1,025 667 889    
Enterprise Value (EV) USD mil ... ... ...                                 526 723 1,183 1,166 1,467    
Number Of Shares mil                                       696 696 696 696 696    
Share Price CNY ... ... ...                                 3.94 5.71 9.53 6.65 8.32    
Price/Earnings (P/E) ... ... ...                                 -78.8 190 159 95.0 -25.2    
Price/Cash Earnings (P/CE) ... ... ...                                 563 51.7 58.7 33.1 -39.1    
EV/EBITDA ... ... ...                                 -11.7 -25.4 -6.05 -4.47 -82.6    
Price/Book Value (P/BV) ... ... ...                                 2.17 2.78 4.61 3.14 5.07    
Dividend Yield % ... ... ...                 ...     ...         1.52 1.05 0.210 0.301 0.240    
income statement Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                    
Sales CNY mil                                       3,531 4,828 4,014 4,757 5,449    
Cost of Goods & Services CNY mil                                       3,335 4,435 4,563 5,615 4,897    
Gross Profit CNY mil                                       195 393 -549 -858 551    
Selling, General & Admin CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   468 595 659 773 416    
Research & Development CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       124 84.3 117 154 141    
Other Operating Expense CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 30.7    
Staff Cost CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       139 112 176 172 165    
Other Operating Cost (Income) CNY mil ... ... ... ...                 ... ... ... ... ... ... ... ... ... ... 0 66.4    
EBITDA CNY mil                                       -276 -175 -1,242 -1,751 -120    
Depreciation CNY mil                                       39.6 53.3 72.7 88.6 82.1    
EBIT CNY mil                                       -316 -228 -1,315 -1,840 -202    
Net Financing Cost CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   1.46 6.28 13.4 58.2 59.5    
Financing Cost CNY mil                                       23.0 24.9 31.4 72.0 74.2    
Financing Income CNY mil ... ... ... ... ... ... ... ... ...                     21.6 18.6 18.0 13.9 14.7    
FX (Gain) Loss CNY mil                                       5.36 -0.717 -3.17 -3.39 10.7    
(Income) / Loss from Affiliates CNY mil ... ... ...   ...         ... ... ...               -7.55 0.835 -0.118 -0.348 18.5    
Extraordinary Cost CNY mil                                       -294 -319 -1,348 -1,990 19.5    
Pre-Tax Profit CNY mil                                       -45.2 66.2 1.86 78.8 -295    
Tax CNY mil                                       -5.96 19.2 -9.08 32.0 -18.7    
Minorities CNY mil                                       -4.55 23.4 -29.3 -4.54 -46.4    
Net Profit CNY mil                                       -34.7 23.5 40.2 51.4 -230    
Net Profit Avail. to Common CNY mil                                       -34.7 23.5 40.2 51.4 -230    
Dividends CNY mil                       ...   ... ...         0 0 13.9 0 0    
growth rates                                                    
Total Revenue Growth % ...                                     -7.96 36.8 -16.9 18.5 14.5    
Operating Cost Growth % ...                                     10.1 21.5 23.2 28.2 -16.5    
Staff Cost Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     25.1 -19.9 57.4 -1.98 -4.09    
EBITDA Growth % ...                                     -564 -36.8 611 40.9 -93.2    
EBIT Growth % ...                                     -709 -27.8 476 39.9 -89.0    
Pre-Tax Profit Growth % ...                                     -139 -246 -97.2 4,130 -475    
Net Profit Growth % ...                                     -136 -168 70.9 27.6 -548    
ratios                                                    
ROE % ...                                     -2.62 1.75 2.81 3.53 -17.6    
ROA % ...                                     -0.809 0.501 0.723 0.673 -2.70    
ROCE % ...                                     -2.31 1.25 2.07 2.64 -11.8    
Gross Margin %                                       5.53 8.14 -13.7 -18.0 10.1    
EBITDA Margin %                                       -7.83 -3.62 -31.0 -36.8 -2.19    
EBIT Margin %                                       -8.95 -4.73 -32.8 -38.7 -3.70    
Net Margin %                                       -0.984 0.487 1.00 1.08 -4.22    
Payout Ratio %                       ...   ... ...         0 0 34.6 0 0    
Cost of Financing % ...                                     1.41 1.37 1.47 2.25 1.80    
Net Debt/EBITDA                                       -1.71 -3.03 -0.829 -1.98 -31.4    
balance sheet Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                    
Cash & Cash Equivalents CNY mil                                       1,246 1,381 1,329 575 434    
Receivables CNY mil                                       1,101 1,499 1,789 2,659 2,132    
Inventories CNY mil                                       462 373 338 248 122    
Other ST Assets CNY mil                                       466 258 1,057 3,804 3,658    
Current Assets CNY mil                                       3,275 3,510 4,513 7,286 6,346    
Property, Plant & Equipment CNY mil                                       1,035 1,313 1,428 1,426 1,234    
LT Investments & Receivables CNY mil                                       3.00 3.93 3.00 3.00 42.1    
Intangible Assets CNY mil ... ... ...                                 5.37 11.1 12.2 12.3 8.84    
Goodwill CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         0 0 0 0 0    
Non-Current Assets CNY mil                                       1,162 1,444 1,663 1,792 1,633    
Total Assets CNY mil                                       4,437 4,955 6,176 9,078 7,979    
                                                       
Trade Payables CNY mil                                       988 1,288 1,935 2,660 2,032    
Short-Term Debt CNY mil                                       1,718 1,709 2,037 3,474 3,678    
Other ST Liabilities CNY mil                                       256 233 386 723 54.7    
Current Liabilities CNY mil                                       2,962 3,230 4,359 6,856 6,172    
Long-Term Debt CNY mil                                       0 201 322 570 515    
Other LT Liabilities CNY mil                                       212 96.3 57.9 181 152    
Non-Current Liabilities CNY mil                                       212 297 380 750 667    
Liabilities CNY mil                                       3,173 3,528 4,738 7,607 6,838    
Preferred Equity and Hybrid Capital CNY mil                                       0 0 0 0 0    
Share Capital CNY mil                                       1,076 1,076 1,076 1,076 1,074    
Treasury Stock CNY mil                                       0 0 0 0 0    
Equity Before Minority Interest CNY mil                                       1,213 1,237 1,280 1,320 1,092    
Minority Interest CNY mil                                       50.9 191 158 152 48.8    
Equity CNY mil                                       1,264 1,427 1,437 1,472 1,140    
growth rates                                                    
Total Asset Growth % ...                                     6.93 11.7 24.6 47.0 -12.1    
Shareholders' Equity Growth % ...                                     -8.57 12.9 0.700 2.39 -22.5    
Net Debt Growth % ...                                     -294 12.4 94.3 237 8.36    
Total Debt Growth % ...                                     11.1 11.2 23.5 71.4 3.68    
ratios                                                    
Total Debt CNY mil                                       1,718 1,910 2,359 4,044 4,192    
Net Debt CNY mil                                       472 530 1,030 3,468 3,758    
Working Capital CNY mil                                       575 584 191 247 222    
Capital Employed CNY mil                                       1,737 2,029 1,854 2,039 1,854    
Net Debt/Equity %                                       37.3 37.1 71.6 236 330    
Current Ratio                                       1.11 1.09 1.04 1.06 1.03    
Quick Ratio                                       0.792 0.891 0.715 0.472 0.416    
cash flow Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                                                    
Net Profit CNY mil                                       -34.7 23.5 40.2 51.4 -230    
Depreciation CNY mil                                       39.6 53.3 72.7 88.6 82.1    
Non-Cash Items CNY mil ... ...                                   26.6 4.08 -2.02 103 112    
Change in Working Capital CNY mil ... ...                                   -203 15.5 -442 -1,576 193    
Total Cash From Operations CNY mil ... ...                                   -166 103 -328 -1,330 161    
                                                       
Capital Expenditures CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -48.5    
Net Change in LT Investment CNY mil ... ... ... ...             ... ...       ... ... ... ... 23.6 0 -5.00 -0.289 ... ... ...
Net Cash From Acquisitions CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0    
Other Investing Activities CNY mil ... ... ... ...                               0.416 171 18.9 12.6 -64.7    
Total Cash From Investing CNY mil ... ... ... ...                               -196 -18.2 -161 -77.8 -113    
                                                       
Dividends Paid CNY mil ... ... ... ...                             ... -37.7 -4.06 0 -13.3 ...    
Issuance Of Shares CNY mil ... ... ... ...                               0 0 0 0 0    
Issuance Of Debt CNY mil ... ... ... ...                               -131 53.2 470 1,510 -170    
Other Financing Activities CNY mil ... ... ... ...                               -74.6 0.289 -300 -576 -87.4    
Total Cash From Financing CNY mil ... ... ... ...                               -243 49.5 170 920 -257    
                                                       
Effect of FX Rates CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -4.61    
Net Change In Cash CNY mil ... ... ... ...                               -544 134 -318 -487 -214    
ratios                                                    
Days Sales Outstanding days                                       114 113 163 204 143    
Days Sales Of Inventory days                                       50.6 30.7 27.0 16.1 9.08    
Days Payable Outstanding days                                       108 106 155 173 151    
Cash Conversion Cycle days                                       56.3 38.0 34.9 47.2 0.434    
Cash Earnings CNY mil                                       4.87 76.9 113 140 -148    
Free Cash Flow CNY mil ... ... ... ...                               -362 84.9 -488 -1,407 47.9    
Capital Expenditures (As % of Sales) % ... ... ... ...                               5.54 0.378 4.00 1.63 0.890    
other ratios Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                     
Employees ... ...   ... ...                             4,090 4,875 5,134 5,058 4,853    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       462 311 449 422 421    
Cost Per Employee (Local Currency) CNY per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       2,840 1,908 2,852 2,838 2,837    
Operating Cost (As % of Sales) %                                       14.5 12.9 19.1 20.6 15.0    
Research & Development (As % of Sales) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       3.51 1.75 2.90 3.25 2.59    
Staff Cost (As % of Sales) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       3.95 2.31 4.38 3.62 3.03    
Effective Tax Rate %                                       13.2 29.0 -487 40.6 6.34    
Total Revenue Growth (5-year average) % ... ... ... ... ...                             10.6 17.2 5.00 5.00 7.27    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...                   17.1 18.1 14.3 16.6 10.1    
valuation Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                     
Market Capitalisation USD mil ... ... ...                                 454 642 1,025 667 889    
Enterprise Value (EV) USD mil ... ... ...                                 526 723 1,183 1,166 1,467    
Number Of Shares mil                                       696 696 696 696 696    
Share Price CNY ... ... ...                                 3.94 5.71 9.53 6.65 8.32    
EV/EBITDA ... ... ...                                 -11.7 -25.4 -6.05 -4.47 -82.6    
Price/Earnings (P/E) ... ... ...                                 -78.8 190 159 95.0 -25.2    
Price/Cash Earnings (P/CE) ... ... ...                                 563 51.7 58.7 33.1 -39.1    
P/FCF ... ... ... ...                               -7.58 46.8 -13.6 -3.29 121    
Price/Book Value (P/BV) ... ... ...                                 2.17 2.78 4.61 3.14 5.07    
Dividend Yield % ... ... ...                 ...     ...         1.52 1.05 0.210 0.301 0.240    
Free Cash Flow Yield % ... ... ... ...                               -13.0 2.16 -7.51 -31.4 0.801    
Earnings Per Share (EPS) CNY                                       -0.050 0.030 0.060 0.070 -0.330    
Cash Earnings Per Share CNY                                       0.007 0.111 0.162 0.201 -0.213    
Free Cash Flow Per Share CNY ... ... ... ...                               -0.520 0.122 -0.702 -2.02 0.069    
Book Value Per Share CNY                                       1.82 2.05 2.07 2.12 1.64    
Dividend Per Share CNY                       ...     ...         0.060 0.060 0.020 0.020 0.020    
EV/Sales ... ... ...                                 0.916 0.918 1.87 1.65 1.81    
EV/EBIT ... ... ...                                 -10.2 -19.4 -5.71 -4.26 -49.0    
EV/Free Cash Flow ... ... ... ...                               -8.94 52.2 -15.4 -5.57 206    
EV/Capital Employed ... ... ...                                 1.98 2.33 4.15 3.97 5.15    
Earnings Per Share Growth % ...                                     -136 -160 100 16.7 -571    
Cash Earnings Per Share Growth % ...                                     -95.2 1,480 46.9 23.9 -206    
Book Value Per Share Growth % ...                                     -7.56 13.0 0.700 2.39 -22.5    
sales of vehicles Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                     
Price Per Vehicle Sold CNY ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         62,970 78,639 59,890 67,016 80,643    
EBIT Per Vehicle Sold CNY ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         -5,636 -3,716 -19,623 -25,915 -2,984    
Net Profit Per Vehicle Sold CNY ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         -619 383 600 723 -3,406    
Price Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         10,243 12,829 9,434 9,972 11,981    
EBIT Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         -917 -606 -3,091 -3,856 -443    
Net Profit Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         -101 62.5 94.6 108 -506    
Market Value per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         8,097 10,458 15,294 9,389 13,163    
Production of Vehicles vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ... 10,652 10,248 ... ... ... ... ...
Sales of Vehicles vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         56,067 61,398 67,018 70,988 67,568    
Sales of Medium Buses vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         25,019 25,880 27,757 37,991 31,992    
Sales of Light Buses vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         5,464 8,120 12,288 7,648 7,872    

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Anhui Ankai Automobile's Sales fell 33.4% yoy to CNY 571 mil in 2Q2020

By Helgi Analytics - October 2, 2020

Anhui Ankai Automobile generated sales of CNY 571 mil in 2Q2020, down 33.4% compared to the previous year. Historically, between 1Q1994 and 2Q2020, the company’s sales reached a high of CNY 2,232 mil in 4Q2017 and a low of CNY 32.0 mil in 1Q1994. ...

Anhui Ankai Automobile's employees fell 15.0% yoy to 2,522 in 2019

By Helgi Analytics - October 2, 2020

Anhui Ankai Automobile employed 2,522 employees in 2019, down 15% compared to the previous year. Historically, between 1996 and 2019, the firm's workforce hit a high of 5,134 employees in 2015 and a low of 920 employees in 1996. Average personnel cos...

Anhui Ankai Automobile's net profit rose 104% yoy to CNY 33.6 mil in 2019

By Helgi Analytics - October 2, 2020

Anhui Ankai Automobile made a net profit of CNY 33.6 mil with revenues of CNY 3,376 mil in 2019, up by 104% and up by 7.28%, respectively, compared to the previous year. This translates into a net margin of 0.996%. Historically, between 1994 - 2019, ...

Anhui Ankai Automobile's price/earnings (P/E) rose 3,722% yoy to 107 in 2019

By Helgi Analytics - October 2, 2020

Anhui Ankai Automobile stock traded at CNY 5.36 per share at the end 2019 translating into a market capitalization of USD 564 mil. Since the end of 2014, stock has depreciated by 6.18% representing an annual average growth of -1.27%. In absolute terms, ...

Anhui Ankai Automobile's Net Debt/EBITDA rose 374% yoy to 16.5 in 2019

By Helgi Analytics - October 2, 2020

Anhui Ankai Automobile's net debt stood at CNY 2,113 mil and accounted for 418% of equity at the end of 2019. The ratio is down 327 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 745% in 2018 and a...

Anhui Ankai Automobile's ROCE rose 104% yoy to 1.99% in 2019

By Helgi Analytics - October 2, 2020

Anhui Ankai Automobile made a net profit of CNY 33.6 mil in 2019, up 104% compared to the previous year. Historically, between 1994 and 2019, the company's net profit reached a high of CNY 98.1 mil in 2011 and a low of CNY -893 mil in 2018. The result imp...

Anhui Ankai Automobile's Net Margin rose 104% yoy to 0.996% in 2019

By Helgi Analytics - October 2, 2020

Anhui Ankai Automobile made a net profit of CNY 33.6 mil with revenues of CNY 3,376 mil in 2019, up by 104% and up by 7.28%, respectively, compared to the previous year. This translates into a net margin of 0.996%. Historically, between 1994 and 2019, ...

Anhui Ankai Automobile's Share Price rose 44.9% yoy to CNY 5.36 in 2019

By Helgi Analytics - October 2, 2020

Anhui Ankai Automobile stock traded at CNY 5.36 per share at the end 2019 implying a market capitalization of USD 564 mil. Since the end of 2014, stock has appreciated by -6.18% implying an annual average growth of -1.27% In absolute terms, the value of the comp...

Anhui Ankai Automobile's P/FCF rose 470% yoy to 17.8 in 2019

By Helgi Analytics - October 2, 2020

Anhui Ankai Automobile stock traded at CNY 5.36 per share at the end 2019 translating into a market capitalization of USD 564 mil. Since the end of 2014, the stock has depreciated by 6.18% representing an annual average growth of -1.27%. At the end of 20...

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Finance

Anhui Ankai Automobile has been growing its sales by -6.91% a year on average in the last 5 years. EBITDA has grown by 173% during that time to total of CNY 128 mil in 2019, or 3.78% of sales. That’s compared to -16.8% average margin seen in last five years.

The company netted CNY 33.6 mil in 2019 implying ROE of 7.00% and ROCE of 1.99%. Again, the average figures were -23.3% and -10.8%, respectively when looking at the previous 5 years.

Anhui Ankai Automobile’s net debt amounted to CNY 2,113 mil at the end of 2019, or 418% of equity. When compared to EBITDA, net debt was 16.5x, up when compared to average of -4.75x seen in the last 5 years.

Valuation

Anhui Ankai Automobile stock traded at CNY 5.36 per share at the end of 2019 resulting in a market capitalization of USD 564 mil. Over the previous five years, stock price fell by 6.18% or -1.27% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 47.0x and price to earnings (PE) of 107x as of 2019.