Added to YB: 2024-04-22
Pitch date: 2024-04-21
0489.HK [bullish]
Dongfeng Motor Group Company Limited
+222.72%
current return
Author Info
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Company Info
Dongfeng Motor Group Company Limited engages in the research, development, manufacture, and sale of commercial and passenger vehicles, engines, and other auto parts in the People’s Republic of China.
Market Cap
HKD 24.9B
Pitch Price
HKD 2.74
Price Target
N/A
Dividend
3.39%
EV/EBITDA
-0.08
P/E
-5.46
EV/Sales
0.00
Sector
Automobiles
Category
value
Dongfeng Motor Group Company Limited - $0489.HK
Dongfeng (0489.HK): Chinese automaker trading at 0.14 P/B. 2023 results: revenue +7%, but net loss due to JV profit -96%. Operating cash flow +30% to ¥8.6B. Investing in NEVs (¥12.5B capex). 2024 Q1 sales +15% with NEVs +56%. Owns 1.6% of Stellantis (¥9.4B value, 39% of DFMG mkt cap). Risks: Falling market share (11% in 2020 to 7% in H1 2023), competition. Potential catalysts: NEV success, continued buybacks (mgmt buying), possible takeover at premium to 0.14 P/B.
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