Earnings Alerts

SAIC Motor (600104) Earnings: May Vehicle Sales Down 17% Year-over-Year

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  • SAIC Motor‘s vehicle sales in May 2024 were 332,246 units.
  • This represents a 17% decrease compared to May of the previous year, when sales were 400,799 units.
  • Year-to-date vehicle sales reached 1.53 million units, marking an 8.4% decrease from the previous year’s figures.
  • New Energy Vehicle (NEV) sales in May 2024 were 82,882 units, showing a 9.2% increase year-over-year.
  • Current analyst recommendations include 17 buys, 5 holds, and 3 sells.

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A look at SAIC Motor Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.6

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

SAIC Motor Corporation Ltd. seems to be in a strong position for the long term, based on its Smartkarma Smart Scores. With a top score of 5 in Value, the company is considered to be a good investment in terms of its current stock price compared to its intrinsic value. Additionally, scoring a 4 in Dividend suggests that SAIC Motor is likely to provide attractive returns to shareholders through dividend payouts. While it may not be leading in Growth, Resilience, and Momentum with scores of 3 each, the company still demonstrates stability, adaptability, and potential for future growth in the automotive industry. Overall, SAIC Motor appears to be a reliable choice for investors looking for value and steady returns.

SAIC Motor Corporation Ltd., a major player in the automotive industry, stands out with its high Value and respectable Dividend scores according to Smartkarma Smart Scores. The company’s strong focus on manufacturing and marketing automobiles and related accessories through joint ventures positions it well for sustained success in the long run. While not excelling in Growth, Resilience, and Momentum with scores of 3 each, SAIC Motor showcases a balanced approach to financial performance and market presence. Investors seeking a combination of value, dividends, and a solid market position may find SAIC Motor to be a promising investment choice in the evolving automotive sector.


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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