Dongfeng Motor Group

Dongfeng's employees fell 1.51% to 146,843 in 2017

By Helgi Analytics - November 05, 2019

Dongfeng Motor Group employed 146,843 persons in 2017, down 1.51% when compared to the previous year. Historically, the firm's workf...

Dongfeng's net profit rose 5.38% to CNY 14,063 mil in 2017

By Helgi Analytics - November 05, 2019

Dongfeng Motor Group made a net profit of CNY 14,063 mil in 2017, up 5.38% when compared to the last year. Total sales reached CNY 1...

Dongfeng's price/earnings (P/E) rose 17.3% to 6.26 in 2017

By Helgi Analytics - November 05, 2019

Dongfeng Motor Group stock traded at CNY 10.2 per share at the end 2017 translating into a market capitalization of USD 13,523 mil. ...

Profit Statement 2015 2016 2017
Sales CNY mil 126,566 122,535 125,016
Gross Profit CNY mil 22,521 17,515 16,112
EBITDA CNY mil 3,806 3,010 1,203
EBIT CNY mil 2,157 1,338 -555
Financing Cost CNY mil -11,908 445 592
Pre-Tax Profit CNY mil 14,065 14,455 14,634
Net Profit CNY mil 11,550 13,345 14,063
Dividends CNY mil 1,762 2,841 ...
Balance Sheet 2015 2016 2017
Total Assets CNY mil 160,786 185,079 212,492
Non-Current Assets CNY mil 79,047 90,417 97,635
Current Assets CNY mil 81,739 94,662 114,857
Working Capital CNY mil -15,821 -8,628 -5,305
Shareholders' Equity CNY mil 91,484 103,638 114,996
Liabilities CNY mil 69,302 81,441 97,496
Total Debt CNY mil 14,509 21,954 23,924
Net Debt CNY mil -17,297 -8,897 -9,426
Ratios 2015 2016 2017
ROE % 13.8 13.7 12.9
ROCE % 18.5 18.4 16.2
Gross Margin % 17.8 14.3 12.9
EBITDA Margin % 3.01 2.46 0.962
EBIT Margin % 1.70 1.09 -0.444
Net Margin % 9.13 10.9 11.2
Net Debt/EBITDA -4.54 -2.96 -7.84
Net Debt/Equity % -18.9 -8.58 -8.20
Cost of Financing % -73.9 2.44 2.58
Valuation 2015 2016 2017
Market Capitalisation USD mil 13,751 10,253 13,523
Enterprise Value (EV) USD mil 11,086 8,973 12,075
Number Of Shares mil 8,616 8,616 8,616
Share Price CNY 10.4 8.27 10.2
EV/EBITDA 18.5 20.0 67.6
EV/Sales 0.556 0.492 0.650
Price/Earnings (P/E) 7.73 5.34 6.26
Price/Book Value (P/BV) 0.976 0.688 0.766
Dividend Yield % 1.97 3.99 ...

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summary Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Sales CNY mil                   131,441 6,090 37,263 83,114 126,566    
Gross Profit CNY mil                   26,390 1,052 5,037 16,226 22,521    
EBIT CNY mil ... ...               12,006 -734 -547 1,428 2,157    
Net Profit CNY mil                   10,481 9,092 10,528 12,845 11,550    
ROE %                   23.1 17.6 17.8 18.4 13.8    
EBIT Margin % ... ...               9.13 -12.1 -1.47 1.72 1.70    
Net Margin %                   7.97 149 28.3 15.5 9.13    
Employees ... ... ...             102,219 109,963 114,365 122,159 129,885    
balance sheet                                
Total Assets CNY mil                   117,533 62,366 115,998 146,976 160,786    
Non-Current Assets CNY mil ... ...               33,517 35,466 58,376 77,037 79,047    
Current Assets CNY mil ... ...               84,016 26,900 57,622 69,939 81,739    
Shareholders' Equity CNY mil                   49,584 54,003 64,034 75,435 91,484    
Liabilities CNY mil                   67,949 8,363 51,964 71,541 69,302    
Non-Current Liabilities CNY mil ... ...               3,234 106 3,275 3,338 10,666    
Current Liabilities CNY mil ... ...               64,715 8,257 48,689 68,203 58,636    
Net Debt/EBITDA ... ...               -2.31 29.5 -85.2 -2.56 -4.54    
Net Debt/Equity % ... ...               -68.7 -29.0 -28.7 -9.98 -18.9    
Cost of Financing % ... ... ...             -25.6 -178 -275 -112 -73.9    
cash flow                                
Total Cash From Operations CNY mil ... ...               9,642 -2,756 -9,694 -985 558    
Total Cash From Investing CNY mil ... ...               -961 4,769 17,982 -696 4,246    
Total Cash From Financing CNY mil ... ...               -3,189 -4,776 -1,906 8,223 695    
Net Change In Cash CNY mil ... ...               5,492 -2,763 6,382 6,542 5,499    
valuation                                
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... 18,420 17,277 15,245 13,751    
Number Of Shares mil ... ... ... ... ... ... ... ...   8,616 8,616 8,616 8,616 8,616    
Share Price CNY ... ... ... ... ... ... ... ... ... ... 13.3 12.1 11.0 10.4    
Earnings Per Share (EPS) CNY ... ... ... ... ... ... ... ...   1.22 1.06 1.22 1.49 1.34    
Book Value Per Share CNY ... ... ... ... ... ... ... ...   5.75 6.27 7.43 8.76 10.6    
Dividend Per Share CNY ... ... ... ... ... ... ... ...   0.180 0.175 0.180 0.200 0.205   ...
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... 12.6 9.94 7.37 7.73    
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... 2.13 1.63 1.25 0.976    
Dividend Yield % ... ... ... ... ... ... ... ... ... ... 1.31 1.48 1.82 1.97   ...
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... -4.55 -13.3 15.8 22.0 -10.1    
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... 20.0 8.91 18.6 17.8 21.3    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Sales CNY mil                   131,441 6,090 37,263 83,114 126,566    
Cost of Goods & Services CNY mil                   105,051 5,038 32,226 66,888 104,045    
Gross Profit CNY mil                   26,390 1,052 5,037 16,226 22,521    
Staff Cost CNY mil ... ...               5,972 698 3,356 5,409 5,592    
Other Cost CNY mil ... ...               5,687 884 1,465 7,875 13,123    
EBITDA CNY mil ... ...               14,731 -530 216 2,942 3,806    
Depreciation CNY mil ... ...               2,725 204 763 1,514 1,649    
EBIT CNY mil ... ...               12,006 -734 -547 1,428 2,157    
Financing Cost CNY mil                   -2,355 -9,886 -11,259 -13,255 -11,908    
Extraordinary Cost CNY mil ... ...               0 0 0 0 0    
Pre-Tax Profit CNY mil                   14,361 9,152 10,712 14,683 14,065    
Tax CNY mil                   3,401 45.0 109 1,365 1,353    
Minorities CNY mil                   479 15.0 75.0 473 1,162    
Net Profit CNY mil                   10,481 9,092 10,528 12,845 11,550    
Dividends CNY mil ... ...               1,551 1,504 1,551 1,723 1,762   ...
growth rates                                
Total Revenue Growth % ...                 7.39 -95.4 512 123 52.3    
Operating Cost Growth % ... ... ...             6.67 -86.4 205 176 40.9    
EBITDA Growth % ... ... ...             -4.54 -104 -141 1,262 29.4    
EBIT Growth % ... ... ...             1.35 -106 -25.5 -361 51.1    
Pre-Tax Profit Growth % ...                 -1.52 -36.3 17.0 37.1 -4.21    
Net Profit Growth % ...                 -4.55 -13.3 15.8 22.0 -10.1    
ratios                                
ROE %                   23.1 17.6 17.8 18.4 13.8    
ROCE % ... ... ...             45.5 30.2 27.9 25.1 18.5    
Gross Margin %                   20.1 17.3 13.5 19.5 17.8    
EBITDA Margin % ... ...               11.2 -8.70 0.580 3.54 3.01    
EBIT Margin % ... ...               9.13 -12.1 -1.47 1.72 1.70    
Net Margin %                   7.97 149 28.3 15.5 9.13    
Payout Ratio % ... ...               14.8 16.5 14.7 13.4 15.3   ...
Cost of Financing % ... ... ...             -25.6 -178 -275 -112 -73.9    
Net Debt/EBITDA ... ...               -2.31 29.5 -85.2 -2.56 -4.54    
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                
Non-Current Assets CNY mil ... ...               33,517 35,466 58,376 77,037 79,047    
Property, Plant & Equipment CNY mil ... ...               21,578 2,430 9,418 11,862 12,929    
Intangible Assets CNY mil ... ...               2,361 414 4,019 4,414 4,590    
Goodwill CNY mil ... ...               640 212 1,587 1,792 1,792    
Current Assets CNY mil ... ...               84,016 26,900 57,622 69,939 81,739    
Inventories CNY mil ... ...               12,511 1,198 4,245 9,874 8,665    
Receivables CNY mil ... ...               2,623 397 3,335 3,883 3,664    
Cash & Cash Equivalents CNY mil ... ...               42,899 17,940 24,282 25,233 31,806    
Total Assets CNY mil                   117,533 62,366 115,998 146,976 160,786    
Shareholders' Equity CNY mil                   49,584 54,003 64,034 75,435 91,484    
Of Which Minority Interest CNY mil                   3,190 85.0 899 1,621 6,834    
Liabilities CNY mil                   67,949 8,363 51,964 71,541 69,302    
Non-Current Liabilities CNY mil ... ...               3,234 106 3,275 3,338 10,666    
Long-Term Debt CNY mil ... ...               2,820 0 0 350 7,559    
Deferred Tax Liabilities CNY mil ... ...               49.0 0 147 764 1,032    
Current Liabilities CNY mil ... ...               64,715 8,257 48,689 68,203 58,636    
Short-Term Debt CNY mil ... ...               5,993 2,302 5,875 17,354 6,950    
Trade Payables CNY mil ... ...               23,055 2,359 25,202 29,100 28,150    
Provisions CNY mil ... ...               1,453 1,754 1,014 768 948    
Equity And Liabilities CNY mil                   117,533 62,366 115,998 146,976 160,786    
growth rates                                
Total Asset Growth % ...                 6.25 -46.9 86.0 26.7 9.40    
Shareholders' Equity Growth % ...                 20.0 8.91 18.6 17.8 21.3    
Net Debt Growth % ... ... ...             7.04 -54.1 17.7 -59.1 130    
Total Debt Growth % ... ... ...             -7.81 -73.9 155 201 -18.0    
ratios                                
Total Debt CNY mil ... ...               8,813 2,302 5,875 17,704 14,509    
Net Debt CNY mil ... ...               -34,086 -15,638 -18,407 -7,529 -17,297    
Working Capital CNY mil ... ...               -7,921 -764 -17,622 -15,343 -15,821    
Capital Employed CNY mil ... ...               25,596 34,702 40,754 61,694 63,226    
Net Debt/Equity % ... ...               -68.7 -29.0 -28.7 -9.98 -18.9    
Cost of Financing % ... ... ...             -25.6 -178 -275 -112 -73.9    
cash flow Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
cash flow                                
Net Profit CNY mil                   10,481 9,092 10,528 12,845 11,550    
Depreciation CNY mil ... ...               2,725 204 763 1,514 1,649    
Non-Cash Items CNY mil ... ... ...             -3,673 -4,895 -37,843 -13,065 -13,119    
Change in Working Capital CNY mil ... ... ...             109 -7,157 16,858 -2,279 478    
Total Cash From Operations CNY mil ... ...               9,642 -2,756 -9,694 -985 558    
Capital Expenditures CNY mil ... ...               -6,542 -552 -1,268 -3,407 -3,005    
Other Investments CNY mil ... ...               5,581 5,321 19,250 2,711 7,251    
Total Cash From Investing CNY mil ... ...               -961 4,769 17,982 -696 4,246    
Dividends Paid CNY mil ... ...               -1,551 -1,504 -1,551 -1,723 -1,762    
Issuance Of Shares CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issuance Of Debt CNY mil ... ... ...             -747 -6,511 3,573 11,829 -3,195    
Total Cash From Financing CNY mil ... ...               -3,189 -4,776 -1,906 8,223 695    
Net Change In Cash CNY mil ... ...               5,492 -2,763 6,382 6,542 5,499    
ratios                                
Days Sales Outstanding days ... ...               7.28 23.8 32.7 17.1 10.6    
Days Sales Of Inventory days ... ...               43.5 86.8 48.1 53.9 30.4    
Days Payable Outstanding days ... ...               80.1 171 285 159 98.8    
Cash Conversion Cycle days ... ...               -29.4 -60.3 -205 -87.9 -57.8    
Cash Earnings CNY mil ... ...               13,206 9,296 11,291 14,359 13,199    
Cash Earnings Per Share CNY ... ... ... ... ... ... ... ...   1.53 1.08 1.31 1.67 1.53    
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ... ... ... 12.3 9.26 6.59 6.76    
Free Cash Flow CNY mil ... ...               8,681 2,013 8,288 -1,681 4,804    
Free Cash Flow Yield % ... ... ... ... ... ... ... ... ... ... 1.73 7.80 -1.80 5.50    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                
ROA %                   9.19 10.1 11.8 9.77 7.51    
Gross Margin %                   20.1 17.3 13.5 19.5 17.8    
Employees ... ... ...             102,219 109,963 114,365 122,159 129,885    
Cost Per Employee USD per month ... ... ...             753 83.8 398 602 565    
Cost Per Employee (Local Currency) CNY per month ... ... ...             4,869 529 2,445 3,690 3,588    
Staff Cost (As % Of Total Cost) % ... ...               5.00 10.2 8.88 6.62 4.49    
Effective Tax Rate %                   23.7 0.492 1.02 9.30 9.62    
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ... ... ... 15,910 14,236 14,032 11,086    
EV/EBITDA ... ... ... ... ... ... ... ... ... ... -189 405 29.2 18.5    
EV/Capital Employed ... ... ... ... ... ... ... ... ... ... 2.86 2.11 1.41 1.14    
EV/Sales ... ... ... ... ... ... ... ... ... ... 16.5 2.35 1.03 0.556    
EV/EBIT ... ... ... ... ... ... ... ... ... ... -137 -160 60.2 32.6    
Capital Expenditures (As % of Sales) % ... ...               4.98 9.06 3.40 4.10 2.37    
Price Per Vehicle Sold CNY ... ... ...             60,496 2,825 14,513 30,406 44,145    
EBIT Per Vehicle Sold CNY ... ... ...             5,526 -341 -213 522 752    
Net Profit Per Vehicle Sold CNY ... ... ...             4,824 4,218 4,100 4,699 4,029    
Price Per Vehicle Sold (USD) USD ... ... ...             9,360 448 2,361 4,960 6,954    
EBIT Per Vehicle Sold (USD) USD ... ... ...             855 -54.0 -34.7 85.2 119    
Net Profit Per Vehicle Sold (USD) USD ... ... ...             746 668 667 767 635    
Sales From Automotive CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Production of Vehicles vehicles ... ... ...             2,170,080 2,144,160 2,572,440 2,762,410 2,821,660    
Production of Passenger Vehicles vehicles ... ... ...             1,655,920 1,740,760 2,142,050 2,358,390 2,484,800    
Production of Passenger Cars vehicles ... ... ...             1,194,150 1,245,520 1,476,610 1,482,660 1,322,060    
Production of MPVs vehicles ... ... ...             145,964 191,788 274,628 363,013 227,911    
Production of SUVs vehicles ... ... ...             315,806 301,331 386,657 509,878 934,828    
Production of Commercial Vehicles vehicles ... ... ...             514,163 403,402 430,392 404,015 336,869    
Production of Trucks vehicles ... ... ...             471,953 358,439 386,132 359,470 288,636    
Production of Buses vehicles ... ... ...             42,210 44,963 44,260 44,545 48,233    
Sales of Vehicles vehicles ... ... ...             2,172,720 2,155,440 2,567,660 2,733,510 2,867,040    
Sales of Passenger Vehicles vehicles ... ... ...             1,646,410 1,740,690 2,118,450 2,339,120 2,521,810    
Sales of Passenger Cars vehicles ... ... ...             1,191,080 1,248,680 1,454,570 1,482,680 1,352,990    
Sales of MPVs vehicles ... ... ...             144,389 186,199 270,647 357,139 235,852    
Sales of SUVs vehicles ... ... ...             310,940 304,622 387,981 496,844 931,808    
Sales of Commercial Vehicles vehicles ... ... ...             526,313 414,754 449,204 394,388 345,225    
Sales of Trucks vehicles ... ... ...             483,998 369,560 405,242 350,348 296,372    
Sales of Buses vehicles ... ... ...             42,315 45,194 43,962 44,040 48,853    

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Dongfeng's Capital Expenditures rose 37.2% to CNY 3,269 mil in 2017

By Helgi Analytics - November 05, 2019

Dongfeng Motor Group invested total of CNY 3,269 mil in 2017, up 37.2% when compared to the previous year. Historically, company's investments reached an all time high of CNY 6,542 mil in 2011 and an all time low of CNY 552 mil in 2012. When compared to...

Dongfeng's Net Margin rose 3.29% to 11.2% in 2017

By Helgi Analytics - November 05, 2019

Dongfeng Motor Group made a net profit of CZK CNY 14,063 mil under revenues of CNY 125,016 mil in 2017, up 5.38% and 2.02%, respectively, when compared to the last year. This translates into a net margin of 11.2%. Historically, the firm’s net margin reached an al...

Dongfeng's Net Debt/EBITDA fell 165% to -7.84 in 2017

By Helgi Analytics - November 05, 2019

Dongfeng Motor Group's net debt reached CNY -9,426 mil and accounted for -8.20% of equity at the end of 2017. The ratio is up 4.52% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of 15.7% in 2004 and an al...

Dongfeng's Total Cash From Operations rose 14.1% to CNY 4,150 mil in 2017

By Helgi Analytics - November 05, 2019

Dongfeng Motor Group's operating cash flow reached CNY 4,150 mil in 2017, up 14.1% when compared to the previous year. Historically, the firm’s operating cash flow reached an all time high of CNY 20,774 mil in 2009 and an all time low of CNY -9,694 mil in 2013. ...

Dongfeng's ROCE fell 12.2% to 16.2% in 2017

By Helgi Analytics - November 05, 2019

Dongfeng Motor Group made a net profit of CNY 14,063 mil in 2017, up 5.38% when compared to the previous year. Historically, company's net profit reached an all time high of CNY 14,063 mil in 2017 and an all time low of CNY 1,601 mil in 2005. This implies return o...

Dongfeng's Cash & Cash Equivalents rose 8.10% to CNY 33,350 mil in 2017

By Helgi Analytics - November 05, 2019

Dongfeng Motor Group's total assets reached CNY 212,492 mil at the end of 2017, up 8.14% when compared to the previous year. Current assets amounted to CNY 114,857 mil, or 54.1% of total assets while cash reached CNY 33,350 mil at the end of 2017. On the other hand, total ...

Dongfeng's Share Price fell 20.2% to CNY 8.27 in 2016

By Helgi Analytics - November 05, 2019

Dongfeng Motor Group stock traded at CNY 8.27 per share at the end 2016 implying a market capitalization of USD 10,253 mil. Since the end of 2011, the stock has depreciated by % implying an annual average growth of 0.000%. In absolute terms, the value of the co...

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Dongfeng Motor Group Co is one of two listed subsidiaries of the Dongfeng Motor Corporation (DMC). DMC is a Chinese state-owned automobile manufacturer headquartered in Wuhan, China. Along with Chang'an Motors, FAW Group, and SAIC Motor, Dongfeng belongs among the four largest car producers in China now. In 2012, it produced 3.76 mil of motor vehicles. In addition to commercial and consumer vehicles, it also manufactures parts and cooperates with foreign car makers. Counting four global automakers as partners, it has more Sino-foreign joint ventures than do most other Chinese automakers. These partnerships allow it to produce and sell a variety of foreign-branded products in China including those of Citroën, Honda, Kia, Peugeot, and Nissan. Other brand names associated with Dongfeng include Fengshen, Infiniti, Luxgen, and Venucia.

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