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Geely Automobile posted a greater profit growth in 8 years.
According to a press release 22 March 78 Geely reported sales growth to 53 billion Chinese renminbi 7 7 784 000 000 000 126 growth and an amazing profits 4 9 billion renminbi margin May 9 earnings for fiscal 2016 compared to 7 5 in 2015.
In summary, Geely sold a total of 765.970 units of vehicles in 2016, up 50 2 from 2015 domestic sales increased by 6-53 744.191 units in 2015 overseas sales dropped 15 4 21779 units.
Given the strong new product pipeline for 2017 and continued strong sales momentum of the last new models of the group of the group, the Board of Directors group has set a target of 2017 sales volume of 1,000,000 units this represents an increase of 31 on 2016 Geely car.
Geely over-the-counter GELYF shares climbed about 6 5 to the close of business news post earnings release.
Geely sees its sales volume target for 2017 to 1 million units, representing an increase of about 31 on 2016.
Geely, contrary to European and US automakers, which are traded at premiums higher than its peers According to GuruFocus data, Geely was trailing price earning ratio of 32 PE 8 times against the industry median time on August 17, a BP value price-book 4 3 times against the median industrie 1 7 times and a price-sales ratio PS 3 times against the industry median 0 8 times.
Chinese carmaker also has a dividend yield of leakage of only 0 3 10 distribution ratio.
Using current valuations of the benefit of the intended fiscal year, Geely had multiple prior earnings 18 times significantly lower than multipage tracking gains, but still higher than 15 4 times over a three-year average.
Geely shares OTC strongly outperformed the Standard Poor 500 index wider in the last decade half the Chinese automaker delivered too 235 06 Total return last year against 500 SP s May 17 Over the past five years, Geely returned more than twice that of SP 500 s with 32 4 and 13.
Geely officially Zhejiang Geely Holding Group Co. Ltd. was founded 31 years ago and is a Chinese multinational automotive manufacturing company headquartered in Hangzhou, Zhejiang.
In 2016, Geely generated 97 3 52 or 3 billion Chinese renminbi having a huge growth 84 August 2015.
Geely Directors consider that the Company operates in one business segment and no separate analysis of segment results published by industry segment is required.
As noted, 2016 was the year that Geely has seen an unprecedented level of sales growth and reached new highs for sales of Geely cars explained this extraordinary event that had a strong growth in domestic sales volume more than offset weaker exports.
Geely also noted the successful launch of its sedan model medium size segment A New Emgrand the brand remained the most popular model of car company accounting for 30 1 of the total sales volume of Geely in 2016.
Geely recorded sales three years and earnings growth and average margin of 30 September, 46 and 7. 9
In December, Geely had 15 billion renminbi in bank balances and cash and 2 RMB 24 billion in notes and bank loans that led to a debt ratio of 09 times vs. 0 0 1 in 2015.
Less than 10 9 6 67 6 billion Geely renminbi assets were marked to goodwill and intangible assets The car company had a book value of 24 billion renminbi against 7 to 19 7 billion renminbi in 2015.
Geely cash flow from operations rose May 12 to March 8 billion renminbi in 2016 other than the impressive earnings growth recorded annually yoy Geely recorded a cash flow of 42 7 million renminbi related to the sale of property, plant and equipment, including government grants received.
Geely has also recorded a cash flow of 172 4 million related to bad debts written off, this figure compared to none in 2015.
In 2016, capital expenditures were March 14 billion renminbi leaving Geely with 5 2 billion renminbi in free cash flow compared to 3 73 billion RMB in 2015. The automaker has provided $ 5 8 of its free cash flow dividends to its shareholders and the interests of non-controlling interest.
Geely has also brought 331 6 billion renminbi in debt proceeds and the issuance of shares of net repayments.
Tabled on further growth in sales volumes of 31 in 2017 after experiencing a remarkable 50 just last year does not sound bad at all.
Geely been waiting 31 growth has included and cited several challenges that companies may experience along the way ranging from political and social instability on the Russian market, Ukraine and Egypt to reduce tax subsidies China, who were 50 to 25.
No question that Geely has a solid balance sheet and admirable state of Chinese automobile company should also consider allocating more of its premium to shareholders through dividends or share buybacks if management plans just hoarding.
Geely Automobile Holdings and Hong Kong stock based iShares S P 500 ETF, Financial Times.
The average use of three face-sale price and wait Geely could offer even average sales growth would indicate a value of 84 RMB 4 billion or 95 2 billion Hong Kong dollars 12 252 billions that would indicate that Hong Kong stock listed Geely should get at least 21 to respond to this conservative figure.
In summary, Geely is an outstanding Chinese society, but his actions are a pass.
Disclosure I do not have shares of the company mentioned.
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