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2 Cheap Cars Group Ltd
NZX:2CC

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2 Cheap Cars Group Ltd Logo
2 Cheap Cars Group Ltd
NZX:2CC
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Price: 0.6 NZD 0.84% Market Closed
Market Cap: NZ$27.3m

EV/S

0.4
Current
1%
More Expensive
vs 3-y average of 0.4

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

EV/S
0.4
=
Enterprise Value
NZ$35.5m
/
Revenue
NZ$77.9m

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

EV/S
0.4
=
Enterprise Value
NZ$35.5m
/
Revenue
NZ$77.9m

Valuation Scenarios

2 Cheap Cars Group Ltd is trading above its 3-year average

If EV/S returns to its 3-Year Average (0.4), the stock would be worth NZ$0.59 (1% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-1%
Maximum Upside
+623%
Average Upside
157%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 0.4 NZ$0.6
0%
3-Year Average 0.4 NZ$0.59
-1%
5-Year Average 0.4 NZ$0.59
-1%
Industry Average 0.5 NZ$0.65
+9%
Country Average 3.2 NZ$4.34
+623%

Forward EV/S
Today’s price vs future revenue

Not enough data available to calculate forward EV/S

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
NZ
2 Cheap Cars Group Ltd
NZX:2CC
27.6m NZD 0.4 10.5
US
Carvana Co
NYSE:CVNA
89.3B USD 4.5 63.5
US
O'Reilly Automotive Inc
NASDAQ:ORLY
78.4B USD 4.7 30.9
US
Autozone Inc
NYSE:AZO
59.1B USD 3.4 24.2
ZA
Motus Holdings Ltd
JSE:MTH
19.7B ZAR 0.3 7.4
US
Penske Automotive Group Inc
NYSE:PAG
10.5B USD 0.5 11.3
US
Murphy Usa Inc
NYSE:MUSA
9.9B USD 0.6 21
TW
Hotai Motor Co Ltd
TWSE:2207
280.2B TWD 2.2 14.8
BR
Vibra Energia SA
BOVESPA:VBBR3
37B BRL 0.3 18.7
US
AutoNation Inc
NYSE:AN
7.1B USD 0.6 11.1
US
Lithia Motors Inc
NYSE:LAD
6.5B USD 0.6 7.9

Market Distribution

Lower than 93% of companies in New Zealand
Percentile
7th
Based on 234 companies
7th percentile
0.4
Low
0.2 — 1.7
Typical Range
1.7 — 5.7
High
5.7 —
Distribution Statistics
New Zealand
Min 0.2
30th Percentile 1.7
Median 3.2
70th Percentile 5.7
Max 23.9

2 Cheap Cars Group Ltd
Glance View

Market Cap
27.3m NZD
Industry
Retail

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.

2CC Intrinsic Value
0.87 NZD
Undervaluation 31%
Intrinsic Value
Price NZ$0.6
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