Grand Baoxin Auto Group Limited (6BA) - Net Assets
Based on the latest financial reports, Grand Baoxin Auto Group Limited (6BA) has net assets worth €7.65 Billion EUR as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€21.10 Billion) and total liabilities (€13.46 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €7.65 Billion |
| % of Total Assets | 36.23% |
| Annual Growth Rate | 5.06% |
| 5-Year Change | 0.5% |
| 10-Year Change | 50.24% |
| Growth Volatility | 11.74 |
Grand Baoxin Auto Group Limited - Net Assets Trend (2013–2023)
This chart illustrates how Grand Baoxin Auto Group Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Grand Baoxin Auto Group Limited (2013–2023)
The table below shows the annual net assets of Grand Baoxin Auto Group Limited from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €7.74 Billion | +0.80% |
| 2022-12-31 | €7.67 Billion | -11.53% |
| 2021-12-31 | €8.67 Billion | +8.27% |
| 2020-12-31 | €8.01 Billion | +4.09% |
| 2019-12-31 | €7.70 Billion | +8.43% |
| 2018-12-31 | €7.10 Billion | +3.49% |
| 2017-12-31 | €6.86 Billion | +36.06% |
| 2016-12-31 | €5.04 Billion | +1.39% |
| 2015-12-31 | €4.97 Billion | -3.42% |
| 2014-12-31 | €5.15 Billion | +9.01% |
| 2013-12-31 | €4.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grand Baoxin Auto Group Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 60.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.53 Billion | 58.36% |
| Other Components | €3.23 Billion | 41.64% |
| Total Equity | €7.76 Billion | 100.00% |
Grand Baoxin Auto Group Limited Competitors by Market Cap
The table below lists competitors of Grand Baoxin Auto Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
APTAMER GROUP LTD LS-001
F:P0J
|
$14.19 Million |
|
Temple Bar Investment Trust
LSE:TMPL
|
$14.21 Million |
|
Omineca Mining and Metals Ltd
V:OMM
|
$14.22 Million |
|
Hampton Financial Corp
V:HFC
|
$14.22 Million |
|
Millennium Pharmacon International
JK:SDPC
|
$14.18 Million |
|
Toppoint Holdings Inc.
NYSE MKT:TOPP
|
$14.18 Million |
|
Riverside Resources Inc
V:RRI
|
$14.16 Million |
|
Korea Plasma Technology U Co.Ltd
KQ:054410
|
$14.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grand Baoxin Auto Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 7,688,152,000 to 7,760,988,000, a change of 72,836,000 (0.9%).
- Net income of 125,747,000 contributed positively to equity growth.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €125.75 Million | +1.62% |
| Other Changes | €-52.91 Million | -0.68% |
| Total Change | €- | 0.95% |
Book Value vs Market Value Analysis
This analysis compares Grand Baoxin Auto Group Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €2.40 | €0.01 | x |
| 2018-12-31 | €2.49 | €0.01 | x |
| 2019-12-31 | €2.70 | €0.01 | x |
| 2020-12-31 | €2.82 | €0.01 | x |
| 2021-12-31 | €3.06 | €0.01 | x |
| 2022-12-31 | €2.71 | €0.01 | x |
| 2023-12-31 | €2.74 | €0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grand Baoxin Auto Group Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.39%
- • Asset Turnover: 1.38x
- • Equity Multiplier: 2.98x
- Recent ROE (1.62%) is below the historical average (7.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 21.56% | 3.35% | 1.68x | 3.83x | €539.79 Million |
| 2014 | 13.89% | 2.30% | 1.55x | 3.89x | €197.78 Million |
| 2015 | 4.46% | 0.93% | 1.26x | 3.81x | €-273.40 Million |
| 2016 | 8.34% | 1.62% | 1.18x | 4.36x | €-82.98 Million |
| 2017 | 11.78% | 2.35% | 1.34x | 3.73x | €121.67 Million |
| 2018 | 8.01% | 1.54% | 1.31x | 3.98x | €-140.40 Million |
| 2019 | 8.20% | 1.73% | 1.27x | 3.75x | €-137.76 Million |
| 2020 | 2.64% | 0.60% | 1.23x | 3.57x | €-588.90 Million |
| 2021 | 6.35% | 1.47% | 1.34x | 3.23x | €-316.63 Million |
| 2022 | -9.08% | -2.20% | 1.26x | 3.27x | €-1.47 Billion |
| 2023 | 1.62% | 0.39% | 1.38x | 2.98x | €-650.35 Million |
Industry Comparison
This section compares Grand Baoxin Auto Group Limited's net assets metrics with peer companies in the Auto & Truck Dealerships industry.
Industry Context
- Industry: Auto & Truck Dealerships
- Average net assets among peers: $29,351,728,955
- Average return on equity (ROE) among peers: 9.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grand Baoxin Auto Group Limited (6BA) | €7.65 Billion | 21.56% | 1.76x | $14.19 Million |
| CarGurus Inc (0C6) | $771.36 Million | 10.94% | 0.20x | $2.32 Billion |
| China Yongda Automobiles Services Holdings Ltd (1CY) | $4.18 Billion | 12.00% | 3.05x | $251.46 Million |
| Zhongsheng Group Holdings Limited (5Z0) | $22.18 Billion | 20.30% | 1.84x | $2.24 Billion |
| AUTO1 Group SE (AG1) | $612.88 Million | 3.41% | 2.60x | $3.52 Billion |
| China Harmony Auto Holding Limited (HA5) | $5.25 Billion | -5.54% | 1.33x | $156.43 Million |
| Pasquarelli Auto S.p.A. (O01) | $32.92 Million | 9.14% | 4.20x | $25.26 Million |
| USS Co. Ltd (USV) | $194.15 Billion | 15.46% | 0.25x | $4.49 Billion |
| China ZhengTong Auto Services Holdings Limited (ZA0) | $7.64 Billion | 10.96% | 1.50x | $155.60 Million |
About Grand Baoxin Auto Group Limited
Grand Baoxin Auto Group Limited, an investment holding company, engages in the sale and service of motor vehicles primarily in Mainland China. The company offers maintenance, repair, and after-sales services. It also engages in finance leasing related activities. In addition, the company is involved in automobile finance and insurance businesses. Grand Baoxin Auto Group Limited is headquartered i… Read more