Company Valuation: Chongqing Changan Automobile Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,03,661 1,01,236 1,07,273 1,45,806 1,16,074 1,02,850 1,02,850 -
Change - -2.34% 5.96% 35.92% -20.39% -11.39% 0% -
Enterprise Value (EV) 1 73,293 50,413 55,693 82,117 53,096 47,850 34,566 28,463
Change - -31.22% 10.47% 47.45% -35.34% -9.88% -27.76% -17.66%
P/E ratio 32.2x 33x 15.8x 14.9x 18.1x 22.3x 15.5x 13.2x
PBR 2.2x 2.08x 1.94x 2.32x 1.73x 1.46x 1.34x 1.24x
PEG - -6.23x 0x 0.3x -0.5x -0.8x 0.3x 0.8x
Capitalization / Revenue 1.23x 0.96x 0.88x 0.96x 0.73x 0.57x 0.5x 0.46x
EV / Revenue 0.87x 0.48x 0.46x 0.54x 0.33x 0.27x 0.17x 0.13x
EV / EBITDA 10.5x 6.52x 4.83x 7.75x 7.71x 4.93x 2.85x 2.09x
EV / EBIT 27.9x 13.5x 7.3x 7.86x 8.02x 10.4x 4.14x 2.68x
EV / FCF 8.81x 2.4x 11.4x 4.74x 34.1x 1.94x 2.87x 3.24x
FCF Yield 11.3% 41.7% 8.75% 21.1% 2.93% 51.5% 34.8% 30.9%
Dividend per Share 2 0.1681 0.1792 0.236 0.343 0.295 0.2017 0.242 0.2777
Rate of return 1.4% 1.53% 1.92% 2.04% 2.21% 1.73% 2.07% 2.38%
EPS 2 0.3736 0.3538 0.7799 1.13 0.74 0.5235 0.756 0.8854
Distribution rate 45% 50.7% 30.3% 30.4% 39.9% 38.5% 32% 31.4%
Net sales 1 84,566 1,05,142 1,21,253 1,51,298 1,59,733 1,79,964 2,03,731 2,21,813
EBITDA 1 7,000 7,731 11,520 10,593 6,883 9,698 12,141 13,594
EBIT 1 2,624 3,731 7,634 10,447 6,624 4,616 8,343 10,615
Net income 1 3,324 3,552 7,798 11,327 7,321 5,203 7,498 8,787
Net Debt 1 -30,368 -50,823 -51,580 -63,689 -62,977 -55,001 -68,285 -74,388
Reference price 2 12.02 11.68 12.31 16.83 13.36 11.69 11.69 11.69
Nbr of stocks (in thousands) 97,61,381 99,21,799 99,21,799 99,17,289 99,14,086 99,14,086 99,14,086 -
Announcement Date 09/04/21 27/04/22 17/04/23 17/04/24 10/04/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.33x0.27x4.93x1.73% 1.48TCr
33.72x7.65x19.89x1.07% 6.17TCr
31.09x2.38x21.07x0.99% 5.5TCr
91.22x1.23x8.67x2.42% 4.46TCr
7.65x0.35x3.33x4.11% 3.93TCr
-11.67x0.11x1.65x1.77% 2.81TCr
15.43x0.1x2.18x2.81% 2.46TCr
7.59x0.42x4.85x - 2.19TCr
-26.23x0.71x-32.9x0.61% 1.13TCr
Average 19.01x 1.47x 3.74x 1.94% 3.35TCr
Weighted average by Cap. 27.92x 2.32x 9.33x 1.94%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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