Geely Automobile

Geely Automobile's net profit fell 43.0% yoy to CNY 1,148 mil in 2Q2020

By Helgi Analytics - September 28, 2020

Geely Automobile made a net profit of CNY 1,148 mil with revenues of CNY 18,410 mil in 2Q2020, down by 43% and down by 23...

Geely Automobile's Total Cash From Operations fell 161% yoy to CNY -1,604 mil in 2Q2020

By Helgi Analytics - September 28, 2020

Geely Automobile's operating cash flow stood at CNY -1,604 mil in 2Q2020, down 161% when compared to the previous year. ...

Geely Automobile's Sales fell 23.0% yoy to CNY 18,410 mil in 2Q2020

By Helgi Analytics - September 28, 2020

Geely Automobile generated sales of CNY 18,410 mil in 2Q2020, down 23% compared to the previous year. Historically, between...

Profit Statement 2017 2018 2019
Sales CNY mil 92,761 106,595 97,401
Gross Profit CNY mil 17,981 21,513 16,917
EBITDA CNY mil 12,905 15,471 10,130
EBIT CNY mil 12,114 14,435 8,614
Financing Cost CNY mil 162 114 128
Pre-Tax Profit CNY mil 12,774 14,959 9,636
Net Profit CNY mil 10,634 12,553 8,190
Dividends CNY mil 2,160 2,767 2,058
Balance Sheet 2017 2018 2019
Total Assets CNY mil 84,981 91,461 107,928
Non-Current Assets CNY mil 31,973 48,676 57,914
Current Assets CNY mil 53,008 42,786 50,014
Working Capital CNY mil 4,925 -3,035 -6,940
Shareholders' Equity CNY mil 34,811 45,375 54,925
Liabilities CNY mil 50,170 46,086 53,003
Total Debt CNY mil 2,342 5,500 6,446
Net Debt CNY mil -11,073 -10,238 -12,835
Ratios 2017 2018 2019
ROE % 35.7 31.3 16.3
ROCE % 33.6 30.4 17.0
Gross Margin % 19.4 20.2 17.4
EBITDA Margin % 13.9 14.5 10.4
EBIT Margin % 13.1 13.5 8.84
Net Margin % 11.5 11.8 8.41
Net Debt/EBITDA -0.858 -0.662 -1.27
Net Debt/Equity % -31.8 -22.6 -23.4
Cost of Financing % 6.93 2.91 2.14
Valuation 2017 2018 2019
Market Capitalisation USD mil 31,118 15,825 19,677
Enterprise Value (EV) USD mil 29,417 14,331 17,834
Number Of Shares mil 8,932 9,174 9,180
Share Price CNY 25.5 20.2 14.9
EV/EBITDA 15.3 6.19 12.2
EV/Sales 2.13 0.898 1.27
Price/Earnings (P/E) 22.0 14.8 16.8
Price/Book Value (P/BV) 6.54 4.09 2.49
Dividend Yield % 0.471 1.44 2.35

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overview Unit 1992 1993 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                                           28,708 21,738 30,138 53,722 92,761    
Gross Profit CNY mil ... ... ... ... ...                                 5,766 3,963 5,471 9,842 17,981    
EBIT CNY mil                                           3,448 2,589 3,203 5,626 12,114    
Net Profit CNY mil                                           2,663 1,431 2,261 5,112 10,634    
                                                           
ROE % ...                                         18.1 8.49 12.2 23.0 35.7    
EBIT Margin %                                           12.0 11.9 10.6 10.5 13.1    
Net Margin %                                           9.28 6.58 7.50 9.52 11.5    
Employees ... ... ... ...                                   18,138 18,481 18,700 35,100 41,600    
balance sheet                                                        
Total Assets CNY mil                                           33,599 37,280 42,293 67,583 84,981    
Non-Current Assets CNY mil                                           11,348 11,977 16,945 20,334 31,973    
Current Assets CNY mil                                           22,251 25,303 25,348 47,249 53,008    
                                                           
Shareholders' Equity CNY mil                                           16,230 17,466 19,740 24,686 34,811    
Liabilities CNY mil                                           17,370 19,814 22,553 42,897 50,170    
Non-Current Liabilities CNY mil                                           133 1,969 2,104 2,266 268    
Current Liabilities CNY mil                                           17,237 17,845 20,449 40,630 49,902    
                                                           
Net Debt/EBITDA                                           -0.908 -1.37 -1.88 -1.98 -0.858    
Net Debt/Equity %                                           -23.9 -24.9 -36.4 -51.5 -31.8    
Cost of Financing % ...                         ...               3.76 3.63 4.24 5.32 6.93    
cash flow                                                        
Total Cash From Operations CNY mil                                           3,536 2,043 7,431 8,319 11,994    
Total Cash From Investing CNY mil                                           -925 -1,526 -4,631 -2,643 -12,038    
Total Cash From Financing CNY mil                                           -1,281 1,220 -856 134 -1,558    
Net Change In Cash CNY mil                                           1,289 1,725 1,964 5,879 -1,631    
valuation                                                        
Market Capitalisation USD mil                                           4,257 2,804 4,691 8,412 31,118    
Enterprise Value (EV) USD mil                                           3,616 2,104 3,584 6,584 29,417    
Number Of Shares mil                                           8,392 8,801 8,810 8,917 8,932    
Share Price CNY                                           3.39 2.27 3.82 6.91 25.5    
Price/Earnings (P/E)                                           10.7 14.0 14.9 12.1 22.0    
Price/Cash Earnings (P/CE)                                           8.14 9.92 11.6 10.5 19.9    
EV/EBITDA                                           5.20 4.07 5.94 6.91 15.3    
Price/Book Value (P/BV)                                           1.75 1.14 1.70 2.50 6.54    
Dividend Yield %                                           1.15 0.870 0.655 0.550 0.471    
income statement Unit 1992 1993 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                                           28,708 21,738 30,138 53,722 92,761    
Cost of Goods & Services CNY mil ... ... ... ... ...                                 22,942 17,776 24,668 43,880 74,779    
Gross Profit CNY mil ... ... ... ... ...                                 5,766 3,963 5,471 9,842 17,981    
Selling, General & Admin CNY mil ... ... ... ... ... ... ... ... ... ... ... ...   ...               2,860 2,520 2,969 3,974 5,500    
Research & Development CNY mil ... ... ... ... ... ... ...     ...                       527 503 775 1,088 1,479    
Other Operating Expense CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         -7.69 -594 -410 42.2 -3.37    
Staff Cost CNY mil ... ... ... ... ... ...                               1,657 1,463 1,855 2,845 4,523    
Other Operating Cost (Income) CNY mil ... ... ... ... ... ... ...           ...                 1,062 1,055 1,066 889 1,108    
EBITDA CNY mil                                           4,276 3,171 3,830 6,403 12,905    
Depreciation CNY mil                                           828 582 627 777 791    
EBIT CNY mil                                           3,448 2,589 3,203 5,626 12,114    
Net Financing Cost CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...               40.0 23.7 6.44 30.1 35.2    
Financing Cost CNY mil                                           99.2 81.3 103 116 162    
Financing Income CNY mil ... ... ... ... ... ... ... ...   ...                       59.3 57.6 96.9 85.4 127    
FX (Gain) Loss CNY mil                     ... ...   ...               94.8 654 472 -242 -90.0    
(Income) / Loss from Affiliates CNY mil                                           9.54 -32.5 -150 8.67 -42.4    
Extraordinary Cost CNY mil                                           45.0 564 225 -694 -822    
Pre-Tax Profit CNY mil                                           3,304 1,943 2,875 6,204 12,774    
Tax CNY mil                                           624 494 586 1,034 2,039    
Minorities CNY mil                                           17.1 18.5 28.1 57.8 102    
Net Profit CNY mil                                           2,663 1,431 2,261 5,112 10,634    
Net Profit Avail. to Common CNY mil                                           2,663 1,431 2,261 5,112 10,634    
Dividends CNY mil                                           320 174 281 921 2,160    
growth rates                                                        
Total Revenue Growth % ...                                         16.6 -24.3 38.6 78.3 72.7    
Operating Cost Growth % ...                                         17.3 -28.1 37.3 53.1 36.6    
Staff Cost Growth % ... ... ... ... ... ... ...                             14.0 -11.7 26.8 53.4 59.0    
EBITDA Growth % ...                                         26.8 -25.8 20.8 67.2 102    
EBIT Growth % ...                                         26.6 -24.9 23.7 75.6 115    
Pre-Tax Profit Growth % ...                                         30.6 -41.2 47.9 116 106    
Net Profit Growth % ...                                         30.5 -46.3 58.0 126 108    
ratios                                                        
ROE % ...                                         18.1 8.49 12.2 23.0 35.7    
ROA % ...                                         8.20 4.04 5.68 9.31 13.9    
ROCE % ...                                         17.5 9.52 13.1 22.6 33.6    
Gross Margin % ... ... ... ... ...                                 20.1 18.2 18.2 18.3 19.4    
EBITDA Margin %                                           14.9 14.6 12.7 11.9 13.9    
EBIT Margin %                                           12.0 11.9 10.6 10.5 13.1    
Net Margin %                                           9.28 6.58 7.50 9.52 11.5    
Payout Ratio %                                           12.0 12.2 12.4 18.0 20.3    
Cost of Financing % ...                         ...               3.76 3.63 4.24 5.32 6.93    
Net Debt/EBITDA                                           -0.908 -1.37 -1.88 -1.98 -0.858    
balance sheet Unit 1992 1993 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                                           5,491 7,218 9,184 15,046 13,415    
Receivables CNY mil                                           11,852 12,816 11,797 26,101 29,492    
Inventories CNY mil                                           1,784 1,620 1,226 3,066 6,027    
Other ST Assets CNY mil                                           3,125 3,649 3,141 3,036 4,075    
Current Assets CNY mil                                           22,251 25,303 25,348 47,249 53,008    
Property, Plant & Equipment CNY mil                                           7,375 6,992 9,572 12,653 16,177    
LT Investments & Receivables CNY mil                                           14.5 28.3 21.7 21.8 21.7    
Intangible Assets CNY mil ... ... ... ... ...                                 3,226 4,214 5,263 6,469 10,568    
Goodwill CNY mil ... ... ... ... ... ... ... ... ...         ...               6.22 6.22 2.58 6.92 16.1    
Non-Current Assets CNY mil                                           11,348 11,977 16,945 20,334 31,973    
Total Assets CNY mil                                           33,599 37,280 42,293 67,583 84,981    
                                                           
Trade Payables CNY mil                                           10,578 10,754 11,133 23,041 30,594    
Short-Term Debt CNY mil                                           1,610 1,057 71.7 274 2,342    
Other ST Liabilities CNY mil                                           2,027 3,224 5,037 9,483 11,364    
Current Liabilities CNY mil                                           17,237 17,845 20,449 40,630 49,902    
Long-Term Debt CNY mil                                           0 1,820 1,929 2,068 0    
Other LT Liabilities CNY mil                                           133 149 175 198 268    
Non-Current Liabilities CNY mil                                           133 1,969 2,104 2,266 268    
Liabilities CNY mil                                           17,370 19,814 22,553 42,897 50,170    
Preferred Equity and Hybrid Capital CNY mil                                           0 0 0 0 0    
Share Capital CNY mil                                           5,977 5,977 5,980 6,375 6,805    
Treasury Stock CNY mil                                           0 0 0 0 0    
Equity Before Minority Interest CNY mil                                           16,068 17,288 19,524 24,437 34,467    
Minority Interest CNY mil                                           162 178 216 249 344    
Equity CNY mil                                           16,230 17,466 19,740 24,686 34,811    
growth rates                                                        
Total Asset Growth % ...                                         7.07 11.0 13.4 59.8 25.7    
Shareholders' Equity Growth % ...                                         22.9 7.62 13.0 25.1 41.0    
Net Debt Growth % ...                                         621 11.9 65.5 76.8 -12.8    
Total Debt Growth % ...                         ... ...             -56.1 78.7 -30.5 17.1 -0.031    
ratios                                                        
Total Debt CNY mil                                           1,610 2,877 2,001 2,342 2,342    
Net Debt CNY mil                                           -3,881 -4,342 -7,184 -12,703 -11,073    
Working Capital CNY mil                                           3,057 3,682 1,890 6,126 4,925    
Capital Employed CNY mil                                           14,405 15,659 18,834 26,460 36,898    
Net Debt/Equity %                                           -23.9 -24.9 -36.4 -51.5 -31.8    
Current Ratio                                           1.29 1.42 1.24 1.16 1.06    
Quick Ratio                                           1.01 1.12 1.03 1.01 0.860    
cash flow Unit 1992 1993 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                                           2,663 1,431 2,261 5,112 10,634    
Depreciation CNY mil                                           828 582 627 777 791    
Non-Cash Items CNY mil                                           244 699 558 13.8 -67.8    
Change in Working Capital CNY mil                                           -449 -960 3,470 1,538 -510    
Total Cash From Operations CNY mil                                           3,536 2,043 7,431 8,319 11,994    
                                                           
Capital Expenditures CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         -758 -2,305 -3,026 -3,156 -7,579    
Net Change in LT Investment CNY mil                                           -10.8 -16.1 6.62 1,128 14.0    
Net Cash From Acquisitions CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         -364 313 -1,857 -1,374 -4,438    
Other Investing Activities CNY mil                                           208 482 245 759 -34.9    
Total Cash From Investing CNY mil                                           -925 -1,526 -4,631 -2,643 -12,038    
                                                           
Dividends Paid CNY mil                                           -264 -320 -174 -281 -960    
Issuance Of Shares CNY mil                                           10.7 0 1.74 273 314    
Issuance Of Debt CNY mil                                           -930 1,540 -692 163 -911    
Other Financing Activities CNY mil                                           -98.1 0 7.91 -21.2 0    
Total Cash From Financing CNY mil                                           -1,281 1,220 -856 134 -1,558    
                                                           
Effect of FX Rates CNY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         -41.4 -11.9 20.1 68.8 -28.6    
Net Change In Cash CNY mil                                           1,289 1,725 1,964 5,879 -1,631    
ratios                                                        
Days Sales Outstanding days                                           151 215 143 177 116    
Days Sales Of Inventory days ... ... ... ... ...                                 28.4 33.3 18.1 25.5 29.4    
Days Payable Outstanding days ... ... ... ... ...                                 168 221 165 192 149    
Cash Conversion Cycle days ... ... ... ... ...                                 10.8 27.6 -3.72 11.2 -3.86    
Cash Earnings CNY mil                                           3,491 2,013 2,887 5,890 11,425    
Free Cash Flow CNY mil                                           2,611 517 2,799 5,676 -44.6    
Capital Expenditures (As % of Sales) %                                           2.64 10.6 10.0 5.87 8.17    
other ratios Unit 1992 1993 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 ... ... ... ...                                   18,138 18,481 18,700 35,100 41,600    
Cost Per Employee USD per month ... ... ... ... ... ...                               1,238 1,076 1,302 1,005 1,346    
Cost Per Employee (Local Currency) CNY per month ... ... ... ... ... ...                               7,612 6,598 8,265 6,753 9,061    
Employee Turnover % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 17.5 18.7 18.1   ...
Women (As % of Workforce) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 14.7 13.8 12.4   ...
Women (As % of Management) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 13.3 12.9 12.5   ...
Operating Cost (As % of Sales) %                                           11.8 11.2 11.1 9.50 7.52    
Research & Development (As % of Sales) % ... ... ... ... ... ... ...     ...                       1.84 2.31 2.57 2.03 1.59    
Staff Cost (As % of Sales) % ... ... ... ... ... ...                               5.77 6.73 6.15 5.29 4.88    
Effective Tax Rate %                                           18.9 25.4 20.4 16.7 16.0    
Total Revenue Growth (5-year average) % ... ... ... ... ...                                 46.3 9.09 8.44 20.7 30.4    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...                       91.9 90.9 75.8 82.6 92.7    
valuation Unit 1992 1993 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                                           4,257 2,804 4,691 8,412 31,118    
Enterprise Value (EV) USD mil                                           3,616 2,104 3,584 6,584 29,417    
Number Of Shares mil                                           8,392 8,801 8,810 8,917 8,932    
Share Price CNY                                           3.39 2.27 3.82 6.91 25.5    
EV/EBITDA                                           5.20 4.07 5.94 6.91 15.3    
Price/Earnings (P/E)                                           10.7 14.0 14.9 12.1 22.0    
Price/Cash Earnings (P/CE)                                           8.14 9.92 11.6 10.5 19.9    
P/FCF                                           10.9 38.6 12.0 10.9 -5,106    
Price/Book Value (P/BV)                                           1.75 1.14 1.70 2.50 6.54    
Dividend Yield %                                           1.15 0.870 0.655 0.550 0.471    
Free Cash Flow Yield %                                           9.98 3.01 9.40 10.0 -0.021    
Earnings Per Share (EPS) CNY                                           0.317 0.163 0.257 0.573 1.16    
Cash Earnings Per Share CNY                                           0.416 0.229 0.328 0.661 1.28    
Free Cash Flow Per Share CNY                                           0.311 0.059 0.318 0.636 -0.005    
Book Value Per Share CNY                                           1.93 1.98 2.24 2.77 3.90    
Dividend Per Share CNY                                           0.039 0.020 0.025 0.038 0.120    
EV/Sales                                           0.774 0.593 0.755 0.824 2.13    
EV/EBIT                                           6.45 4.98 7.10 7.86 16.3    
EV/Free Cash Flow                                           8.51 24.9 8.13 7.80 -4,440    
EV/Capital Employed                                           1.52 0.834 1.24 1.73 5.19    
Earnings Per Share Growth %                                           20.5 -48.8 57.9 123 102    
Cash Earnings Per Share Growth % ...                                         29.8 -45.0 43.3 102 93.6    
Book Value Per Share Growth % ...                                         22.9 2.61 12.9 23.6 40.8    
sales of vehicles Unit 1992 1993 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 ... ... ... ... ... ... ... ... ... ... ... ... ...                 27,272 20,651 28,631 51,036 88,123    
Price Per Vehicle Sold CNY ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       49,634 49,423 56,129 66,629 70,661    
EBIT Per Vehicle Sold CNY ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       6,276 6,195 6,280 7,345 9,714    
Net Profit Per Vehicle Sold CNY ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       4,847 3,424 4,432 6,674 8,527    
Price Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       8,074 8,063 8,841 9,914 10,498    
EBIT Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       1,021 1,011 989 1,093 1,443    
Net Profit Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       788 559 698 993 1,267    
Market Value per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       7,747 6,710 9,195 10,982 24,952    
Sales of Vehicles vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       549,468 417,851 510,097 765,970 1,247,120    
Sales of Passenger Cars vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Sales of MPVs vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Sales of SUVs vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
vehicles by brand Unit 1992 1993 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 Geely vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Sales of Geometry vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Sales of Lynk vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Sales of NEEVs vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    

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

By Helgi Analytics - October 12, 2020

Geely Automobile's total assets reached CNY 108,215 mil at the end of 2Q2020, up 18.2% compared to the previous year. Current assets amounted to CNY 49,515 mil, or 45.8% of total assets while cash stood at CNY 20,174 mil at the end of 2Q202...

Geely Automobile's net profit fell 34.8% yoy to CNY 8,190 mil in 2019

By Helgi Analytics - September 28, 2020

Geely Automobile made a net profit of CNY 8,190 mil with revenues of CNY 97,401 mil in 2019, down by 34.8% and down by 8.62%, respectively, compared to the previous year. This translates into a net margin of 8.41%. Historically, between 1992 - 2019, ...

Geely Automobile's employees fell 17.9% yoy to 43,000 in 2019

By Helgi Analytics - September 28, 2020

Geely Automobile employed 43,000 employees in 2019, down 17.9% compared to the previous year. Historically, between 1996 and 2019, the firm's workforce hit a high of 77,708 employees in 2005 and a low of 50.0 employees in 1998. Average personnel cost...

Geely Automobile's price/earnings (P/E) rose 13.7% yoy to 16.8 in 2019

By Helgi Analytics - September 28, 2020

Geely Automobile stock traded at CNY 14.9 per share at the end 2019 translating into a market capitalization of USD 19,677 mil. Since the end of 2014, stock has appreciated by 558% representing an annual average growth of 45.8%. In absolute terms, the v...

Geely Automobile's Capital Expenditures fell 2.06% yoy to CNY 7,567 mil in 2019

By Helgi Analytics - September 28, 2020

Geely Automobile invested a total of CNY 7,567 mil in 2019, up 2.06% compared to the previous year. Historically, between 2009 - 2019, the company's investments stood at a high of CNY 7,579 mil in 2017 and a low of CNY 758 mil in 2013. ...

Geely Automobile's Share Price fell 26.1% yoy to CNY 14.9 in 2019

By Helgi Analytics - September 28, 2020

Geely Automobile stock traded at CNY 14.9 per share at the end 2019 implying a market capitalization of USD 19,677 mil. Since the end of 2014, stock has appreciated by 558% implying an annual average growth of 45.8% In absolute terms, the value of the company ...

Geely Automobile's Net Margin fell 28.6% yoy to 8.41% in 2019

By Helgi Analytics - September 28, 2020

Geely Automobile made a net profit of CNY 8,190 mil with revenues of CNY 97,401 mil in 2019, down by 34.8% and down by 8.62%, respectively, compared to the previous year. This translates into a net margin of 8.41%. Historically, between 1992 and 2019, ...

Geely Automobile's ROCE fell 44.3% yoy to 17.0% in 2019

By Helgi Analytics - September 28, 2020

Geely Automobile made a net profit of CNY 8,190 mil in 2019, down 34.8% compared to the previous year. Historically, between 1992 and 2019, the company's net profit reached a high of CNY 12,553 mil in 2018 and a low of CNY -252 mil in 1997. The result imp...

Geely Automobile's Net Debt/EBITDA fell 91.5% yoy to -1.27 in 2019

By Helgi Analytics - September 28, 2020

Geely Automobile's net debt stood at CNY -12,835 mil and accounted for -23.4% of equity at the end of 2019. The ratio is down 0.806 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 486% in 2001 and a...

Geely Automobile's P/FCF rose 15.3% yoy to 84.4 in 2019

By Helgi Analytics - September 28, 2020

Geely Automobile stock traded at CNY 14.9 per share at the end 2019 translating into a market capitalization of USD 19,677 mil. Since the end of 2014, the stock has appreciated by 558% representing an annual average growth of 45.8%. At the end of 2019, t...

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Finance

Geely Automobile has been growing its sales by 35.0% a year on average in the last 5 years. EBITDA has grown on average by 26.1% a year during that time to total of CNY 10,130 mil in 2019, or 10.4% of sales. That’s compared to 12.7% average margin seen in last five years.

The company netted CNY 8,190 mil in 2019 implying ROE of 16.3% and ROCE of 17.0%. Again, the average figures were 23.7% and 23.3%, respectively when looking at the previous 5 years.

Geely Automobile’s net debt amounted to CNY -12,835 mil at the end of 2019, or -23.4% of equity. When compared to EBITDA, net debt was -1.27x, up when compared to average of -1.33x seen in the last 5 years.

Valuation

Geely Automobile stock traded at CNY 14.9 per share at the end of 2019 resulting in a market capitalization of USD 19,677 mil. Over the previous five years, stock price grew by 558% or 45.8% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 12.2x and price to earnings (PE) of 16.8x as of 2019.