2 Cheap Cars Group Ltd
NZX:2CC
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EV/EBIT
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.
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.
Valuation Scenarios
If EV/EBIT returns to its 3-Year Average (6), the stock would be worth NZ$0.27 (55% downside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 13.3 | NZ$0.6 |
0%
|
| 3-Year Average | 6 | NZ$0.27 |
-55%
|
| 5-Year Average | 6 | NZ$0.27 |
-55%
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| Industry Average | 13.1 | NZ$0.59 |
-2%
|
| Country Average | 18.4 | NZ$0.83 |
+38%
|
Forward EV/EBIT
Today’s price vs future ebit
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| NZ |
|
2 Cheap Cars Group Ltd
NZX:2CC
|
27.6m NZD | 13.3 | 10.5 | |
| US |
|
Carvana Co
NYSE:CVNA
|
91B USD | 49.5 | 64.7 | |
| US |
|
O'Reilly Automotive Inc
NASDAQ:ORLY
|
79.1B USD | 24.5 | 31.2 | |
| US |
|
Autozone Inc
NYSE:AZO
|
59.3B USD | 19.1 | 24.3 | |
| ZA |
M
|
Motus Holdings Ltd
JSE:MTH
|
20.1B ZAR | 5.5 | 7.5 | |
| US |
|
Penske Automotive Group Inc
NYSE:PAG
|
10.5B USD | 12.7 | 11.2 | |
| US |
|
Murphy Usa Inc
NYSE:MUSA
|
9.7B USD | 15.8 | 20.5 | |
| TW |
|
Hotai Motor Co Ltd
TWSE:2207
|
289.1B TWD | 42.8 | 15.3 | |
| BR |
|
Vibra Energia SA
BOVESPA:VBBR3
|
37.1B BRL | 13.4 | 18.8 | |
| US |
|
AutoNation Inc
NYSE:AN
|
7.2B USD | 11.9 | 11.1 | |
| US |
|
Lithia Motors Inc
NYSE:LAD
|
6.5B USD | 13.1 | 7.9 |
Market Distribution
| Min | 4.9 |
| 30th Percentile | 14.7 |
| Median | 18.4 |
| 70th Percentile | 29.3 |
| Max | 518.2 |
Other Multiples
2 Cheap Cars Group Ltd
Glance View
NZ Automotive Investments Ltd. provides cars and financing solutions. The firm operates throughout New Zealand via two subsidiaries: Automotive Retail and Vehicle Finance. Its Automotive Retail segment operates under the 2 Cheap Cars brand and is engaged in used vehicle retailing business in New Zealand with approximately 12 dealerships across the country. Its Finance segment operates under the NZ Motor Finance brand. The company lends finance to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products. The Company’s subsidiaries include 2 Cheap Cars Limited, NZ Motor Finance Limited, 2CC International Limited, 2 Cheap Rental Cars Limited, and Car Plus K.K. 2 Cheap Cars Limited is primarily engaged in sale of vehicles and from agent commissions relating to the sale of third-party finance and insurance products.
