FAW Jiefang Group

FAW Jiefang Group's net profit rose 124% yoy to CNY 1,967 mil in 2Q2020

By Helgi Analytics - September 28, 2020

FAW Jiefang Group made a net profit of CNY 1,967 mil with revenues of CNY 40,454 mil in 2Q2020, up by 124% and up by 36.2...

FAW Jiefang Group's Sales rose 36.2% yoy to CNY 40,454 mil in 2Q2020

By Helgi Analytics - September 28, 2020

FAW Jiefang Group generated sales of CNY 40,454 mil in 2Q2020, up 36.2% compared to the previous year. Historically, betwee...

FAW Jiefang Group's Total Cash From Operations rose 1,311% yoy to CNY 10,538 mil in 2Q2020

By Helgi Analytics - September 28, 2020

FAW Jiefang Group's operating cash flow stood at CNY 10,538 mil in 2Q2020, up 1% when compared to the previous year. His...

Profit Statement 2017 2018 2019
Sales CNY mil 27,902 25,524 27,664
Gross Profit CNY mil 6,273 5,347 5,170
EBITDA CNY mil 1,039 717 298
EBIT CNY mil 126 -160 -595
Financing Cost CNY mil 41.4 ... 9.53
Pre-Tax Profit CNY mil 461 314 13.3
Net Profit CNY mil 281 203 52.8
Dividends CNY mil 32.6 48.8 0
Balance Sheet 2017 2018 2019
Total Assets CNY mil 18,538 18,628 82,582
Non-Current Assets CNY mil 7,858 8,782 22,641
Current Assets CNY mil 10,680 9,846 59,941
Working Capital CNY mil 2,840 3,576 9,759
Shareholders' Equity CNY mil 7,993 8,134 28,507
Liabilities CNY mil 10,545 10,494 54,075
Total Debt CNY mil 212 1,447 8,234
Net Debt CNY mil -1,055 965 -15,980
Ratios 2017 2018 2019
ROE % 3.59 2.52 0.288
ROCE % 2.49 1.76 0.236
Gross Margin % 22.5 20.9 18.7
EBITDA Margin % 3.72 2.81 1.08
EBIT Margin % 0.450 -0.627 -2.15
Net Margin % 1.01 0.797 0.191
Net Debt/EBITDA -1.01 1.35 -53.7
Net Debt/Equity % -13.2 11.9 -56.1
Cost of Financing % 2.89 ... 0.197
Valuation 2017 2018 2019
Market Capitalisation USD mil 2,691 1,566 2,330
Enterprise Value (EV) USD mil 2,529 1,707 35.3
Number Of Shares mil 1,628 1,628 1,628
Share Price CNY 10.7 6.60 9.97
EV/EBITDA 16.4 15.9 0.821
EV/Sales 0.610 0.447 0.009
Price/Earnings (P/E) 61.9 52.8 308
Price/Book Value (P/BV) 2.18 1.32 0.569
Dividend Yield % 0.402 0.303 0.301

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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                                       28,243 32,189 25,255 22,710 27,902    
Gross Profit CNY mil                                       5,524 5,584 4,082 4,485 6,273    
EBIT CNY mil                                       1,021 -38.4 -7.22 -1,222 126    
Net Profit CNY mil                                       1,007 150 52.9 -954 281    
                                                       
ROE % ...                                     11.7 1.73 0.607 -11.6 3.59    
EBIT Margin %                                       3.61 -0.119 -0.029 -5.38 0.450    
Net Margin %                                       3.57 0.467 0.210 -4.20 1.01    
Employees ... ...   ... ...                           ... 6,893 7,067 7,484 7,840 7,027    
balance sheet                                                    
Total Assets CNY mil                                       21,086 20,915 18,039 19,049 18,538    
Non-Current Assets CNY mil                                       9,666 9,626 9,183 8,417 7,858    
Current Assets CNY mil                                       11,420 11,289 8,855 10,632 10,680    
                                                       
Shareholders' Equity CNY mil                                       8,700 8,698 8,745 7,674 7,993    
Liabilities CNY mil                                       12,387 12,217 9,293 11,375 10,545    
Non-Current Liabilities CNY mil                                       537 516 443 479 623    
Current Liabilities CNY mil                                       11,849 11,701 8,850 10,896 9,921    
                                                       
Net Debt/EBITDA                                       0.649 1.55 1.78 -4.95 -1.01    
Net Debt/Equity %                                       12.7 15.7 18.5 20.6 -13.2    
Cost of Financing % ...                           ...       ... 4.54 4.26 4.32 3.96 2.89 ...  
cash flow                                                    
Total Cash From Operations CNY mil ... ... ... ...                               1,397 287 933 626 2,383    
Total Cash From Investing CNY mil ... ... ... ...                               -1,483 -829 -1,028 -176 -183    
Total Cash From Financing CNY mil ... ... ... ...                               0.212 2.56 -15.9 -13.7 -2,000    
Net Change In Cash CNY mil ... ... ... ...                               -86.4 -541 -112 436 198    
valuation                                                    
Market Capitalisation USD mil ... ... ...                                 3,200 3,970 4,107 2,549 2,691    
Enterprise Value (EV) USD mil ... ... ...                                 3,382 4,189 4,356 2,777 2,529    
Number Of Shares mil                                       1,628 1,628 1,628 1,628 1,628    
Share Price CNY ... ... ...                                 11.8 15.0 16.2 10.8 10.7    
Price/Earnings (P/E) ... ... ...                                 19.0 162 499 -18.4 61.9    
Price/Cash Earnings (P/CE) ... ... ...                                 11.4 22.8 27.3 -339 14.6    
EV/EBITDA ... ... ...                                 12.2 29.2 30.5 -58.3 16.4    
Price/Book Value (P/BV) ... ... ...                                 2.20 2.80 3.02 2.29 2.18    
Dividend Yield % ... ... ...                                 0.162 0.127 0.062 0.398 0.402    
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                                       28,243 32,189 25,255 22,710 27,902    
Cost of Goods & Services CNY mil                                       22,718 26,605 21,173 18,225 21,629    
Gross Profit CNY mil                                       5,524 5,584 4,082 4,485 6,273    
Selling, General & Admin CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... 3,873 4,985 3,473 3,438 3,747    
Research & Development CNY mil ... ... ... ... ... ... ... ... ... ...   ... ... ... ...       ... 654 512 427 562 398    
Other Operating Expense CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... 5.29 26.9 14.0 1,537 1,828    
Staff Cost CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... 608 687 648 583 557    
Other Operating Cost (Income) CNY mil ... ... ... ... ...                 ... ...       ... 0 0 0 0 39.8    
EBITDA CNY mil                                       1,697 880 907 -320 1,039    
Depreciation CNY mil                                       677 918 914 902 914    
EBIT CNY mil                                       1,021 -38.4 -7.22 -1,222 126    
Net Financing Cost CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         72.1 76.0 83.3 88.2 27.4 ...  
Financing Cost CNY mil                                     ... 98.5 95.6 94.1 97.1 41.4 ...  
Financing Income CNY mil ... ... ... ... ... ... ... ... ...                   ... 26.4 19.6 10.8 8.87 13.9    
FX (Gain) Loss CNY mil ... ...                                 ... 1.15 1.63 1.02 0.335 1.15    
(Income) / Loss from Affiliates CNY mil ... ... ... ... ...   ... ... ...                     -201 -215 -213 -235 -373    
Extraordinary Cost CNY mil                                     ... -232 -203 -187 -327 -377 ...  
Pre-Tax Profit CNY mil                                       1,154 68.7 85.7 -992 461    
Tax CNY mil                                       121 -50.1 25.1 10.6 143    
Minorities CNY mil                                     ... 26.0 -31.4 7.62 -48.4 36.7    
Net Profit CNY mil                                       1,007 150 52.9 -954 281    
Net Profit Avail. to Common CNY mil                                       1,007 150 52.9 -954 281    
Dividends CNY mil ... ... ...                               ... 30.9 16.3 70.0 0 32.6    
growth rates                                                    
Total Revenue Growth % ...                                     26.4 14.0 -21.5 -10.1 22.9    
Operating Cost Growth % ...                                   ... ... 24.8 -27.3 39.6 8.42    
Staff Cost Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ... ... 13.0 -5.76 -10.1 -4.34    
EBITDA Growth % ...                                     -201 -48.2 3.04 -135 -425    
EBIT Growth % ...                                     -207 -104 -81.2 16,834 -110    
Pre-Tax Profit Growth % ...                                     -253 -94.0 24.7 -1,258 -146    
Net Profit Growth % ...                                     -233 -85.1 -64.8 -1,902 -129    
ratios                                                    
ROE % ...                                     11.7 1.73 0.607 -11.6 3.59    
ROA % ...                                     5.06 0.715 0.272 -5.15 1.50    
ROCE % ...                                     9.03 1.23 0.415 -7.76 2.49    
Gross Margin %                                       19.6 17.3 16.2 19.7 22.5    
EBITDA Margin %                                       6.01 2.73 3.59 -1.41 3.72    
EBIT Margin %                                       3.61 -0.119 -0.029 -5.38 0.450    
Net Margin %                                       3.57 0.467 0.210 -4.20 1.01    
Payout Ratio % ... ... ...                               ... 3.07 10.8 132 0 11.6    
Cost of Financing % ...                           ...       ... 4.54 4.26 4.32 3.96 2.89 ...  
Net Debt/EBITDA                                       0.649 1.55 1.78 -4.95 -1.01    
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                                       1,285 744 632 1,068 1,266    
Receivables CNY mil                                       6,989 6,115 4,704 6,408 6,883    
Inventories CNY mil                                       2,626 4,202 3,306 2,806 2,219    
Other ST Assets CNY mil                                       520 228 213 349 311    
Current Assets CNY mil                                       11,420 11,289 8,855 10,632 10,680    
Property, Plant & Equipment CNY mil                                       7,674 7,333 6,586 5,790 5,221    
LT Investments & Receivables CNY mil                                       13.4 42.8 38.6 34.6 1.50    
Intangible Assets CNY mil ... ... ...                                 696 688 580 461 259    
Goodwill CNY mil ... ... ... ... ... ... ... ...     ... ...               0 0 0 0 0    
Non-Current Assets CNY mil                                       9,666 9,626 9,183 8,417 7,858    
Total Assets CNY mil                                       21,086 20,915 18,039 19,049 18,538    
                                                       
Trade Payables CNY mil                                       7,607 7,132 4,472 5,772 6,262    
Short-Term Debt CNY mil                                       2,387 2,107 2,250 2,650 212    
Other ST Liabilities CNY mil                                       1,303 866 806 1,546 1,933    
Current Liabilities CNY mil                                       11,849 11,701 8,850 10,896 9,921    
Long-Term Debt CNY mil                                       0 0 0 0 0    
Other LT Liabilities CNY mil                                       537 516 443 479 623    
Non-Current Liabilities CNY mil                                       537 516 443 479 623    
Liabilities CNY mil                                       12,387 12,217 9,293 11,375 10,545    
Preferred Equity and Hybrid Capital CNY mil                                       0 0 0 0 0    
Share Capital CNY mil                                       3,676 3,676 3,676 3,676 3,676    
Treasury Stock CNY mil                                       0 0 0 0 0    
Equity Before Minority Interest CNY mil                                       8,607 8,672 8,712 7,689 7,976    
Minority Interest CNY mil                                       92.2 25.6 33.2 -15.2 17.1    
Equity CNY mil                                       8,700 8,698 8,745 7,674 7,993    
growth rates                                                    
Total Asset Growth % ...                                     12.8 -0.813 -13.8 5.60 -2.68    
Shareholders' Equity Growth % ...                                     1.60 -0.025 0.548 -12.3 4.17    
Net Debt Growth % ...                                     182 23.6 18.7 -2.23 -167    
Total Debt Growth % ...                       ...   ... ...       22.2 -11.8 6.80 17.8 -92.0    
ratios                                                    
Total Debt CNY mil                                       2,387 2,107 2,250 2,650 212    
Net Debt CNY mil                                       1,102 1,362 1,618 1,582 -1,055    
Working Capital CNY mil                                       2,008 3,185 3,538 3,443 2,840    
Capital Employed CNY mil                                       11,674 12,811 12,721 11,859 10,698    
Net Debt/Equity %                                       12.7 15.7 18.5 20.6 -13.2    
Current Ratio                                       0.964 0.965 1.00 0.976 1.08    
Quick Ratio                                       0.698 0.586 0.603 0.686 0.821    
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                                       1,007 150 52.9 -954 281    
Depreciation CNY mil                                       677 918 914 902 914    
Non-Cash Items CNY mil ... ... ... ...                               -9.36 -138 31.0 49.5 -80.7    
Change in Working Capital CNY mil ... ... ... ...                               -425 -799 -231 415 1,088    
Total Cash From Operations CNY mil ... ... ... ...                               1,397 287 933 626 2,383    
                                                       
Capital Expenditures CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... -1,413 -848 -648 -176 -188    
Net Change in LT Investment CNY mil ... ... ... ...     ... ... ... ... ... ... ... ... ...     ... ... ... 0 ... 0 1.50    
Net Cash From Acquisitions CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... 0 0 0 0 0    
Other Investing Activities CNY mil ... ... ... ...     ... ...                     ... -70.2 19.1 -380 0 2.57    
Total Cash From Investing CNY mil ... ... ... ...                               -1,483 -829 -1,028 -176 -183    
                                                       
Dividends Paid CNY mil ... ... ... ...                               0 -30.8 -16.3 -70.0 0    
Issuance Of Shares CNY mil ... ... ... ...                               0 0 0 0 0    
Issuance Of Debt CNY mil ... ... ... ...                               0 0 0 0 -2,000    
Other Financing Activities CNY mil ... ... ... ...     ... ...                     ... 0.212 33.3 0.387 56.3 0    
Total Cash From Financing CNY mil ... ... ... ...                               0.212 2.56 -15.9 -13.7 -2,000    
                                                       
Effect of FX Rates CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... -0.893 -1.63 -1.02 -0.335 -1.15    
Net Change In Cash CNY mil ... ... ... ...                               -86.4 -541 -112 436 198    
ratios                                                    
Days Sales Outstanding days                                       90.3 69.3 68.0 103 90.0    
Days Sales Of Inventory days                                       42.2 57.6 57.0 56.2 37.4    
Days Payable Outstanding days                                       122 97.8 77.1 116 106    
Cash Conversion Cycle days                                       10.3 29.1 47.9 43.6 21.8    
Cash Earnings CNY mil                                       1,684 1,069 967 -51.9 1,195    
Free Cash Flow CNY mil ... ... ... ...                               -85.7 -542 -95.1 450 2,200    
Capital Expenditures (As % of Sales) % ... ... ... ...                               5.00 2.63 2.57 0.775 0.672    
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 ... ...   ... ...                           ... 6,893 7,067 7,484 7,840 7,027    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... 1,196 1,322 1,136 922 982    
Cost Per Employee (Local Currency) CNY per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... 7,352 8,106 7,214 6,194 6,610    
Operating Cost (As % of Sales) %                                     ... 15.9 17.5 16.2 25.1 22.2    
Research & Development (As % of Sales) % ... ... ... ... ... ... ... ... ... ...   ... ... ... ...       ... 2.31 1.59 1.69 2.47 1.42    
Staff Cost (As % of Sales) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... 2.15 2.14 2.57 2.57 2.00    
Effective Tax Rate %                                       10.5 -72.9 29.3 -1.06 31.1    
Total Revenue Growth (5-year average) % ... ... ... ... ...                             7.96 4.07 -6.59 -6.09 4.54    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...                   12.2 13.5 10.1 7.96 8.09    
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 ... ... ...                                 3,200 3,970 4,107 2,549 2,691    
Enterprise Value (EV) USD mil ... ... ...                                 3,382 4,189 4,356 2,777 2,529    
Number Of Shares mil                                       1,628 1,628 1,628 1,628 1,628    
Share Price CNY ... ... ...                                 11.8 15.0 16.2 10.8 10.7    
EV/EBITDA ... ... ...                                 12.2 29.2 30.5 -58.3 16.4    
Price/Earnings (P/E) ... ... ...                                 19.0 162 499 -18.4 61.9    
Price/Cash Earnings (P/CE) ... ... ...                                 11.4 22.8 27.3 -339 14.6    
P/FCF ... ... ... ...                               -223 -45.0 -277 39.1 7.92    
Price/Book Value (P/BV) ... ... ...                                 2.20 2.80 3.02 2.29 2.18    
Dividend Yield % ... ... ...                                 0.162 0.127 0.062 0.398 0.402    
Free Cash Flow Yield % ... ... ... ...                               -0.436 -2.23 -0.365 2.63 12.1    
Earnings Per Share (EPS) CNY                                       0.620 0.092 0.033 -0.586 0.173    
Cash Earnings Per Share CNY                                       1.03 0.657 0.594 -0.032 0.734    
Free Cash Flow Per Share CNY ... ... ... ...                               -0.053 -0.333 -0.058 0.276 1.35    
Book Value Per Share CNY                                       5.35 5.34 5.37 4.71 4.91    
Dividend Per Share CNY ... ... ...                                 0.019 0.019 0.010 0.043 0.043    
EV/Sales ... ... ...                                 0.736 0.798 1.09 0.822 0.610    
EV/EBIT ... ... ...                                 20.4 -669 -3,831 -15.3 136    
EV/Free Cash Flow ... ... ... ...                               -242 -47.4 -291 41.5 7.74    
EV/Capital Employed ... ... ...                                 1.75 2.03 2.22 1.63 1.54    
Earnings Per Share Growth % ...                                     -233 -85.1 -64.8 -1,904 -129    
Cash Earnings Per Share Growth % ...                                     -5,120 -36.5 -9.52 -105 -2,403    
Book Value Per Share Growth % ...                                     1.60 -0.025 0.548 -12.3 4.17    
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
                                                     
Sales From Automotive CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         461,170 494,120 394,990 430,380 469,890    
Price Per Vehicle Sold CNY ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         158,587 160,117 138,885 138,653 140,433    
EBIT Per Vehicle Sold CNY ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         351 -12.4 -2.54 -394 37.5    
Net Profit Per Vehicle Sold CNY ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         346 48.7 18.6 -307 84.1    
Price Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         25,797 26,121 21,877 20,631 20,865    
EBIT Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         57.1 -2.03 -0.400 -58.6 5.58    
Net Profit Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         56.3 7.94 2.93 -45.7 12.5    
Market Value per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         1,100 1,286 1,444 821 804    
Production of Vehicles vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 198,144 236,577    
Production of Vehicles (At Home) vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 198,144 236,577    
Domestic Production (As % Of Total) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 100 100    
Sales of Vehicles vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         2,908,000 3,086,000 2,844,000 3,104,000 3,346,000    
Sales of Vehicles Abroad vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... 2,668,000 2,792,700 2,608,080 2,910,470 3,106,480    
Sales of Vehicles Abroad (As % of Total) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... 91.7 90.5 91.7 93.8 92.8    
sales geography 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
                                                     
Sales of Vehicles in Germany vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 193,532 ... ... ...
Sales of Vehicles in China vehicles ... ... ... ... ... ... ... ... ... ... ...               ... 240,000 293,300 235,925 ... 239,525    

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FAW Jiefang Group's Cash & Cash Equivalents remain unchanged yoy at CNY mil in 2Q2020

By Helgi Analytics - October 12, 2020

FAW Jiefang Group's total assets reached CNY 96,332 mil at the end of 2Q2020, up 401% compared to the previous year. Current assets amounted to CNY 79,258 mil, or 82.3% of total assets while cash stood at CNY 30,574 mil at the end of 2Q2020...

FAW Jiefang Group's price/earnings (P/E) rose 483% yoy to 308 in 2019

By Helgi Analytics - September 28, 2020

FAW Jiefang Group stock traded at CNY 9.97 per share at the end 2019 translating into a market capitalization of USD 2,330 mil. Since the end of 2014, stock has depreciated by 33.5% representing an annual average growth of -7.82%. In absolute terms, the...

FAW Jiefang Group's employees rose 0.291% yoy to 6,891 in 2019

By Helgi Analytics - September 28, 2020

FAW Jiefang Group employed 6,891 employees in 2019, up 0.291% compared to the previous year. Historically, between 1996 and 2019, the firm's workforce hit a high of 8,103 employees in 2011 and a low of 6,871 employees in 2018. Average personnel cost ...

FAW Jiefang Group's net profit fell 74.1% yoy to CNY 52.8 mil in 2019

By Helgi Analytics - September 28, 2020

FAW Jiefang Group made a net profit of CNY 52.8 mil with revenues of CNY 27,664 mil in 2019, down by 74.1% and up by 8.38%, respectively, compared to the previous year. This translates into a net margin of 0.191%. Historically, between 1994 - 2019, ...

FAW Jiefang Group's Net Debt/EBITDA fell 4,088% yoy to -53.7 in 2019

By Helgi Analytics - September 28, 2020

FAW Jiefang Group's net debt stood at CNY -15,980 mil and accounted for -56.1% of equity at the end of 2019. The ratio is down 67.9 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 161% in 1995 and a...

FAW Jiefang Group's ROCE fell 86.6% yoy to 0.236% in 2019

By Helgi Analytics - September 28, 2020

FAW Jiefang Group made a net profit of CNY 52.8 mil in 2019, down 74.1% compared to the previous year. Historically, between 1994 and 2019, the company's net profit reached a high of CNY 1,844 mil in 2010 and a low of CNY -954 mil in 2016. The result impl...

FAW Jiefang Group's Capital Expenditures fell 96.9% yoy to CNY 683 mil in 2019

By Helgi Analytics - September 28, 2020

FAW Jiefang Group invested a total of CNY 683 mil in 2019, up 96.9% compared to the previous year. Historically, between 2009 - 2019, the company's investments stood at a high of CNY 1,910 mil in 2011 and a low of CNY 176 mil in 2016. ...

FAW Jiefang Group's Net Margin fell 76.1% yoy to 0.191% in 2019

By Helgi Analytics - September 28, 2020

FAW Jiefang Group made a net profit of CNY 52.8 mil with revenues of CNY 27,664 mil in 2019, down by 74.1% and up by 8.38%, respectively, compared to the previous year. This translates into a net margin of 0.191%. Historically, between 1994 and 2019, ...

FAW Jiefang Group's Share Price rose 51.1% yoy to CNY 9.97 in 2019

By Helgi Analytics - September 28, 2020

FAW Jiefang Group stock traded at CNY 9.97 per share at the end 2019 implying a market capitalization of USD 2,330 mil. Since the end of 2014, stock has appreciated by -33.5% implying an annual average growth of -7.82% In absolute terms, the value of the company...

FAW Jiefang Group's P/FCF rose 180% yoy to 11.4 in 2019

By Helgi Analytics - September 28, 2020

FAW Jiefang Group stock traded at CNY 9.97 per share at the end 2019 translating into a market capitalization of USD 2,330 mil. Since the end of 2014, the stock has depreciated by 33.5% representing an annual average growth of -7.82%. At the end of 2019,...

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Finance

FAW Jiefang Group has been growing its sales by -2.98% a year on average in the last 5 years. EBITDA has fallen on average by 19.5% a year during that time to total of CNY 298 mil in 2019, or 1.08% of sales. That’s compared to 1.96% average margin seen in last five years.

The company netted CNY 52.8 mil in 2019 implying ROE of 0.288% and ROCE of 0.236%. Again, the average figures were -0.924% and -0.571%, respectively when looking at the previous 5 years.

FAW Jiefang Group’s net debt amounted to CNY -15,980 mil at the end of 2019, or -56.1% of equity. When compared to EBITDA, net debt was -53.7x, down when compared to average of -11.3x seen in the last 5 years.

Valuation

FAW Jiefang Group stock traded at CNY 9.97 per share at the end of 2019 resulting in a market capitalization of USD 2,330 mil. Over the previous five years, stock price fell by 33.5% or -7.82% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 0.821x and price to earnings (PE) of 308x as of 2019.