Guangzhou Automobile Group Co Ltd GNZUY

Consumer DiscretionaryAutomobiles & Auto PartsChina

Last close 3.05 USD on Nov 2, 2026, −30.7% year to date

Quant rating

Quant rating D Rank 261 of 297 in Consumer Discretionary

Growth B 116 of 297
Valuation D 286 of 297
Quality D 223 of 297
Revisions D 208 of 297
Momentum D 239 of 297

Wall Street consensus Hold (3.00)Average target 0.74 USD −75.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 6.0B
Enterprise value: 8.0B
52-week range: 2.83 – 4.25
3-year range: 2.83 – 4.60
Dividend yield: 2.29%
Beta (5 years): –
Shares outstanding: 10,197M
Next earnings: Mar 29, 2027

About the company

Guangzhou Automobile Group Co Ltd is a China-based company mainly engaged in automobile and related businesses. The Company's main businesses consist of research and development, manufacture of vehicles (vehicles and motorcycles), parts and components, commercial and mobility transportation services, energy and ecosystem, internationalisation as well as investment and finance. The Company conducts its businesses through two segments. Vehicles and Related Operations segment includes production and sale of a variety of passenger vehicles, commercial vehicles, automotive parts and related operations. The Others segment mainly include production and sale of motorcycles, automobile finance and insurance, other financing services and investing business. The Company mainly conducts its businesses in domestic and foreign markets.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	13,805	14,766	18,274	15,988	11,914	–
Revenue growth	−6.5%	−19.2%	14.3%	34.2%	23.1%	7.4%
EPS (basic, normalized)	−0.12	0.01	0.06	0.11	0.11	–
EPS growth	–	−81.0%	−48.0%	0.0%	–	–
Gross margin	−3.4%	4.2%	5.6%	5.1%	6.7%	3.7%
Net margin	−9.1%	0.8%	3.4%	7.3%	9.7%	2.4%
ROE	−8.0%	0.7%	3.9%	7.9%	8.4%	2.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	7,395
Current ratio	1.37x
Long-term debt (mil)	5,517
Net debt (mil)	2,015
Total equity (mil)	14,629
Net debt / equity	0.14x
Net debt / EBITDA	−2.77x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	13,805	−6.5%	0.6x	−728	−248.6%	−11.0x	−0.12	−1,216.5%	−24.8x
2026	15,697	+13.7%	0.5x	−691	+5.1%	−11.6x	−0.11	+6.7%	−26.6x
2027	17,886	+13.9%	0.4x	364	+152.6%	22.1x	−0.06	+44.7%	−48.1x
2028	19,746	+10.4%	0.4x	601	+65.1%	13.4x	−0.03	+50.4%	−97.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	15,697	−4.8%	−6.5%	−5.2%	−0.11	−6.8%	−8.1%	−243.4%
2027	17,886	−0.5%	−1.6%	−0.2%	−0.06	−4.3%	−110.4%	−959.2%
2028	19,746	0.0%	+2.7%	−6.8%	−0.03	0.0%	−189.7%	−138.9%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	21,346	24,461	28,233	32,758	19,650	22,516	24,318	29,059	20,039	26,272
Sales mean (mil)	32,149	30,136	33,992	40,868	21,208	22,946	25,936	27,127	22,790	26,528
Surprise	−33.6%	−18.8%	−16.9%	−19.8%	−7.3%	−1.9%	−6.2%	+7.1%	−12.1%	−1.0%
EPS reported	0.12	0.02	−0.13	0.07	−0.07	−0.18	−0.17	−0.43	−0.06	−0.38
EPS mean	0.14	0.15	0.16	−0.14	0.07	−0.06	−0.20	0.05	−0.02	−0.03
Surprise	−11.1%	−86.8%	−181.8%	−151.5%	−200.0%	−227.3%	+13.1%	−1,028.1%	−233.3%	−1,166.7%

Peer comparison Automobiles & Auto Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
GNZUY Guangzhou Automobile Group Co Ltd	6.0B	−2.77x	−9.1%	0.50x	−26.6x	−48.1x	−11.6x	22.1x
YORUY The Yokohama Rubber Company, Limited	6.7B	1.94x	8.5%	0.89x	9.3x	8.7x	5.5x	5.3x
MOD Modine Manufacturing Company	6.6B	0.94x	4.0%	5.45x	17.2x	11.9x	11.8x	8.1x
SFFLY Schaeffler AG	6.3B	–	−1.8%	1.99x	23.2x	9.7x	4.6x	4.1x
NSANY NISSAN MOTOR CO., LTD.	6.2B	10.86x	−4.4%	0.19x	23.5x	6.9x	13.0x	10.7x
LEA Lear Corporation	5.9B	1.21x	1.9%	1.18x	8.1x	7.3x	4.5x	4.4x
Mean		2.44x	−0.2%	1.70x	9.1x	−0.6x	4.6x	9.1x
Median		1.21x	0.0%	1.04x	13.3x	8.0x	5.0x	6.7x

Technical analysis

1M0.0%
3M+5.5%
1Y−30.7%
3Y−52.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Guangzhou Automobile Group Co Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	13,805	14,766	18,274	15,988	11,914	9,679
Cost of revenue	14,270	14,140	17,242	15,169	11,114	9,167
Gross profit	−465	626	1,032	819	800	512
Selling, general & administrative expenses	1,439	1,499	1,561	1,224	1,356	1,064
Research & development	148	182	180	192	130	136
Depreciation/amortization	196	167	159	131	88.3	88.6
Interest expense (income), operating	−464	−374	−1,244	−2,057	−1,820	−1,560
Unusual expense (income)	163	−8.6	143	395	87.3	92.3
Other operating expenses	−206	−740	−230	−146	−167	−173
Operating income	−1,740	−99.2	462	1,079	1,125	864
Net interest income (expense)	–	–	–	–	–	–
Gain (loss) on sale of assets	–	–	–	–	−0.2	0
Other non-operating income (expense)	15.9	−0.4	34.6	1.3	14.6	8.8
Net income before taxes	−1,725	−99.6	497	1,081	1,139	873
Provision for taxes	−82.7	−31.9	−30.4	−77.6	−24.3	−54.6
Minority interest	386	181	97.0	10.7	−8.8	−13.1
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−1,256	113	624	1,169	1,155	914
Extraordinary items	–	–	–	–	–	–
Net income	−1,256	113	624	1,169	1,155	914
EBIT, normalized	−2,041	−482	−638	−583	−607	−603
EBITDA, normalized	−716	705	368	366	266	153
Basic EPS, normalized	−0.12	0.01	0.06	0.11	0.11	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Guangzhou Automobile Group Co Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	7,750	8,456	7,507	6,647	4,096	4,315
Receivables	2,822	3,650	3,603	4,273	3,882	2,481
Total inventory	2,352	2,149	2,356	1,792	1,277	1,015
Prepaid expenses	284	206	297	180	120	178
Other current assets	965	885	483	390	259	693
Total current assets	14,173	15,348	14,245	13,281	9,633	8,681
Property, plant & equipment	4,421	4,352	3,877	3,257	3,276	3,312
Goodwill	10.2	9.7	8.0	15.0	16.5	16.0
Intangibles	3,395	3,325	3,241	2,881	2,971	2,698
Long-term investments	7,175	6,774	7,123	6,602	6,712	6,174
Note receivable	512	975	1,405	707	1,075	518
Other long-term assets	1,051	1,063	870	780	591	487
Total assets	30,736	31,847	30,769	27,523	24,275	21,886
Liabilities
Accounts payable	5,007	5,602	5,029	3,512	3,287	3,165
Payable/accrued	–	–	–	–	–	–
Accrued expenses	714	764	775	632	658	472
Short-term debt	3,737	2,582	1,849	1,126	571	621
Current portion of long-term debt	584	776	707	916	951	463
Other current liabilities	2,352	2,669	2,506	2,021	2,217	1,775
Total current liabilities	12,395	12,392	10,866	8,207	7,683	6,496
Long-term debt	1,603	1,814	1,463	892	1,097	1,498
Minority interest	637	1,017	1,223	1,309	368	358
Other liabilities	1,054	957	913	696	918	611
Total liabilities	15,689	16,180	14,466	11,103	10,066	8,963
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1,458	1,417	1,478	1,520	1,633	1,586
Additional paid-in capital	5,823	5,639	5,832	5,979	3,779	3,529
Retained earnings (accumulated deficit)	7,779	8,677	8,995	8,962	8,836	7,786
Treasury stock	−15.9	−71.0	−18.0	−42.6	−80.2	−78.1
Other equity	3.9	5.0	16.8	0.2	41.9	99.1
Total equity	15,048	15,666	16,304	16,420	14,209	12,923
Total liabilities & shareholders' equity	30,736	31,847	30,769	27,523	24,275	21,886

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Guangzhou Automobile Group Co Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	–	–	–	–	–	–
Depreciation, depletion & amortization	–	–	–	–	–	–
Deferred taxes	–	–	–	–	–	–
Non-cash items	–	–	–	–	–	–
Changes in working capital	−3,240	−1,712	−1,940	−2,418	−2,407	−1,478
Cash from operations	−2,149	1,496	948	−776	−880	−442
Investing activities
Capital expenditures	−1,281	−1,488	−1,631	−1,162	−983	−1,009
Other investing cash flows	475	−122	1,283	606	1,242	1,081
Cash from investing	−807	−1,610	−348	−556	260	71.8
Financing activities
Financing cash flow items	−214	−553	125	3,487	552	−67.2
Cash dividends paid	−103	−324	−493	−480	−437	−380
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	1,105	1,179	942	513	−103	172
Cash from financing	789	302	574	3,520	11.5	−275
Foreign exchange effects	2.9	6.1	7.8	6.4	−13.3	−9.3
Net change in cash	−2,164	194	1,182	2,195	−622	−655
Free cash flow	−3,430	8.1	−683	−1,937	−1,863	−1,452

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.