China Grand Automotive Services Group Co., Ltd.

    China Grand Automotive Services Group Co., Ltd.

    SSSE:600297
    0.78
    CNY
    -0.09
    (-10.34%)
    8.30P/E

    Share Statistics

    As of March 31, 2024, China Grand Automotive Services Group Co., Ltd. has 8.11B shares outstanding.

    Shares Outstanding8.11B

    Valuation Ratios

    As of March 31, 2024, China Grand Automotive Services Group Co., Ltd. trades at a trailing price-to-earnings ratio of 8.30. The price-to-sales ratio is 0.08, and the price-to-book ratio stands at 0.42.

    PE Ratio8.30
    PS Ratio0.08
    PB Ratio0.42
    P/TBV Ratio0.68
    P/FCF Ratio5.18

    Enterprise Valuation

    As of March 31, 2024, China Grand Automotive Services Group Co., Ltd. trades at an EV/EBITDA multiple of 16.30 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 0.41 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 16.30 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. China Grand Automotive Services Group Co., Ltd. trades at an EV/FCF ratio of 19.35, comparing the total takeover cost of the business to the cash it actually generates for all capital providers.

    EV / Sales0.41
    EV / EBITDA16.30
    EV / EBIT16.30
    EV / FCF19.35

    Financial Position

    As of March 31, 2024, China Grand Automotive Services Group Co., Ltd. maintains a current ratio of 1.19, meaning it holds 1.2x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 114.48, indicating elevated leverage, while an interest coverage ratio of 1.40 demonstrates limited ability to service its debt obligations.

    Current Ratio1.19
    Quick Ratio0.16
    Debt / Equity114.48
    Debt / EBITDA14.54
    Interest Coverage1.40

    Financial Efficiency

    Over the twelve months ended March 31, 2024, China Grand Automotive Services Group Co., Ltd. posted a negative return on equity (ROE) of -0.26, meaning shareholder capital produced losses rather than profits. Return on invested capital (ROIC) comes in at 1.06 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) is negative at -0.06, reflecting losses generated across the asset base. Return on capital employed (ROCE) is 0.60, useful for judging operating efficiency across full business cycles. Inventory turnover of 6.98 indicates how many times China Grand Automotive Services Group Co., Ltd. sells and replaces its inventory over a year, a key working capital efficiency ratio.

    Return on Equity (ROE)-0.26
    Return on Assets (ROA)-0.06
    Return on Invested Capital (ROIC)1.06
    Return on Capital Employed (ROCE)0.60
    Inventory Turnover6.98

    Taxes

    These figures cover the twelve months ended March 31, 2024. That works out to an effective tax rate of 69.00, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items.

    Effective Tax Rate69.00

    Stock Price Statistics

    CNY

    As of the close on July 17, 2024, China Grand Automotive Services Group Co., Ltd.'s stock has declined approximately 61.95% over the past 52 weeks. The 50-day moving average sits at 1.14, while the 200-day moving average is 1.56.

    52-Week Price Change-61.95%
    50-Day Moving Average1.14
    200-Day Moving Average1.56

    Margins

    Over the twelve months ended March 31, 2024, China Grand Automotive Services Group Co., Ltd. posted a gross margin of 7.93, reflecting its pricing power and cost economics. The operating margin of 2.49 and net profit margin of -0.05 provide insight into operational efficiency.

    Gross Margin7.93
    Operating Margin2.49
    Pretax Margin0.27
    Profit Margin-0.05
    EBITDA Margin2.49

    Dividends & Yields

    These figures cover the twelve months ended March 31, 2024. The dividend payout ratio of 745.90 exceeds 100%, meaning the company is distributing more than it earns and funding the dividend from cash reserves, asset sales, or borrowing, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 19.29, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 87.32, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to China Grand Automotive Services Group Co., Ltd. shareholders.

    Payout Ratio745.90
    Shareholder Yield87.32
    FCF Yield19.29

    Stock Splits

    China Grand Automotive Services Group Co., Ltd.'s most recent stock split took place on June 8, 2017 with a 10:13 split ratio.

    Last Split Date6/8/2017
    Split Ratio10:13

    Scores

    As of March 31, 2024, China Grand Automotive Services Group Co., Ltd. has an Altman Z-Score of 2.23, near the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

    Altman Z-Score2.23