Brilliance China Automotive Holdings Ltd
HKEX:1114

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Brilliance China Automotive Holdings Ltd
HKEX:1114
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Price: 2.86 HKD Market Closed
Market Cap: HK$14.4B

EV/EBIT

-26.9
Current
158%
Cheaper
vs 3-y average of 46.3

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
-26.9
=
Enterprise Value
HK$8.5B
/
EBIT
¥-314.3m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
-26.9
=
Enterprise Value
HK$8.5B
/
EBIT
¥-314.3m

Valuation Scenarios

Brilliance China Automotive Holdings Ltd is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (46.3), the stock would be worth HK$-4.93 (272% downside from current price).

Statistics
Positive Scenarios
0/3
Maximum Downside
-272%
Maximum Upside
No Upside Scenarios
Average Downside
179%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple -26.9 HK$2.86
0%
3-Year Average 46.3 HK$-4.93
-272%
Industry Average 7.3 HK$-0.78
-127%
Country Average 10.3 HK$-1.1
-138%

Forward EV/EBIT
Today’s price vs future ebit

Not enough data available to calculate forward EV/EBIT

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
HK
Brilliance China Automotive Holdings Ltd
HKEX:1114
14.4B HKD -26.9 6.9
US
Tesla Inc
NASDAQ:TSLA
1.4T USD 257.8 363.1
JP
Toyota Motor Corp
TSE:7203
40T JPY 11.2 10.8
CN
BYD Co Ltd
SZSE:002594
911.5B CNY 28.4 28.4
KR
Hyundai Motor Co
KRX:005380
139.7T KRW 21.9 14.3
DE
Mercedes Benz Group AG
MIL:MBG
75.3B EUR 6.1 4.9
DE
Daimler AG
XETRA:DAI
67.5B EUR 5.4 3.7
US
General Motors Co
NYSE:GM
71B USD 54.5 22.3
IT
Ferrari NV
MIL:RACE
59.3B EUR 27.9 36.3
DE
Bayerische Motoren Werke AG
XETRA:BMW
49.2B EUR 10.8 6.6
DE
Volkswagen AG
XETRA:VOW
45.5B EUR 6.5 6.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
HK
Brilliance China Automotive Holdings Ltd
HKEX:1114
Average EV/EBIT: 43
Negative Multiple: -26.9
N/A N/A
US
Tesla Inc
NASDAQ:TSLA
257.8
39%
6.6
JP
Toyota Motor Corp
TSE:7203
11.2
N/A N/A
CN
BYD Co Ltd
SZSE:002594
28.4
17%
1.7
KR
Hyundai Motor Co
KRX:005380
21.9
13%
1.7
DE
Mercedes Benz Group AG
MIL:MBG
6.1
3%
2
DE
Daimler AG
XETRA:DAI
5.4
N/A N/A
US
General Motors Co
NYSE:GM
54.5
83%
0.7
IT
Ferrari NV
MIL:RACE
27.9
8%
3.5
DE
Bayerische Motoren Werke AG
XETRA:BMW
10.8
10%
1.1
DE
Volkswagen AG
XETRA:VOW
6.5
15%
0.4

Market Distribution

Lower than 100% of companies in Hong Kong
Percentile
0th
Based on 1 277 companies
0th percentile
-26.9
Low
0 — 5.4
Typical Range
5.4 — 15.8
High
15.8 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 5.4
Median 10.3
70th Percentile 15.8
Max 9 749.3

Brilliance China Automotive Holdings Ltd
Glance View

Market Cap
14.4B HKD
Industry
Automobiles

Brilliance China Automotive Holdings Ltd. stands as a significant player in the Chinese automotive industry landscape, weaving a compelling tale of strategic partnerships and domestic market prowess. Primarily known for its successful joint venture with Germany's BMW, Brilliance China's core operations revolve around the manufacturing and distribution of automobiles. The company's collaboration with BMW allows it to produce luxury vehicles tailored for the Chinese market, leveraging BMW's engineering capabilities and brand prestige. This joint venture is a symbiotic relationship where Brilliance benefits from technological advancements and global brand recognition, while BMW gains deeper penetration into China, the world's largest automotive market. By aligning local expertise with international standards, Brilliance ensures a steady revenue stream through the sale of premium vehicles, particularly appealing to the burgeoning middle and upper classes in China. Beyond its high-profile partnership with BMW, Brilliance also manufactures and markets its line of vehicles under the Jinbei and Brilliance brands. These offerings primarily cater to budget-conscious domestic consumers, focusing on affordability and functionality. The company’s diverse portfolio includes a range of sedans, minibusses, and commercial vehicles, which are strategically positioned to meet various consumer demands across China’s fast-evolving automotive market. Revenues are generated through both vehicle sales and a comprehensive network of service offerings, which include after-sales maintenance and spare parts supply. By balancing its premium incentives from the BMW partnership with the expansive reach of its proprietary brands, Brilliance effectively captures value from different segments of the market, maneuvering adeptly within a highly competitive industry.

Intrinsic Value
1.36 HKD
Overvaluation 53%
Intrinsic Value
Price HK$2.86
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