Earnings Alerts

Geely Auto (175) Earnings Exceed Estimates with FY Net Income Surpassing 5.31 Billion Yuan

  • Geely Auto‘s net income for the financial year surpassed estimates, reaching 5.31 billion yuan over the anticipated 4.92 billion yuan.
  • The company’s revenue was 179.20 billion yuan, which was more than the estimate of 175.19 billion yuan.
  • Sales of autos and related services were near the estimate, coming in at 149.62 billion yuan compared to the estimated 149.63 billion yuan.
  • Sales of auto parts and components surpassed estimates, totaling 10.23 billion yuan while the estimate was 9.74 billion yuan.
  • Revenue from licensing of intellectual properties was slightly less than estimated, with 1.47 billion yuan as opposed to the predicted 1.89 billion yuan.
  • Revenue from Research and Development (R&D) and technological services was less than estimated, at 6.59 billion yuan compared to the expected 7.29 billion yuan.
  • Geely Auto declared a final dividend per share of 22 HK cents.
  • The company’s gross profit was 27.42 billion yuan, slightly more than the estimated 26.53 billion yuan.
  • Out of 34 ratings, Geely Auto received 32 buys, 1 hold, and 1 sell.

Geely Auto on Smartkarma

Geely Auto, a Chinese carmaker, has been in the news lately due to its pending listing of ZEEKR on the US stock market. According to David Blennerhassett, a top independent analyst on Smartkarma, Geely’s share price has not been affected by this development, despite ZEEKR being valued at US$13 billion. Blennerhassett believes that Geely’s current share price, which is at a six and a half year low and below its five-year average trailing/forward metrics, presents a good opportunity for investors. With Geely holding a 54.7% stake in ZEEKR, its market cap is equivalent to 58% of its market value, making it a potentially lucrative investment option.


A look at Geely Auto Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Geely Auto, a passenger vehicle manufacturing company, has an overall positive outlook for its long-term future. This is indicated by its Smartkarma Smart Scores, which rate the company’s performance in various areas on a scale of 1 to 5. Geely Auto scores a 3 for Value, indicating that it is reasonably priced compared to its competitors. Its Dividend score of 2 suggests that the company may not offer significant dividends to its shareholders. However, Geely Auto scores a 4 for both Growth and Resilience, indicating that it has strong potential for growth and is well-equipped to withstand economic challenges. Additionally, the company scores a 4 for Momentum, suggesting that it is currently performing well in the market.

Based on its Smartkarma Smart Scores, Geely Auto appears to be a promising company for long-term investment. The company specializes in passenger vehicle manufacturing and offers a range of services in this area. It also exports its vehicles, which can potentially lead to international growth opportunities. Overall, Geely Auto has a solid foundation for future growth and resilience, making it a potentially attractive investment option for those looking for a stable and promising company in the automotive industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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