BCAUY - Brilliance China Automotive Holdings Limited

Other OTC - Other OTC Delayed Price. Currency in USD
9.75
+0.01 (+0.10%)
At close: 1:45PM EDT
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Previous Close9.74
Open9.26
Bid0.00 x 0
Ask0.00 x 0
Day's Range9.21 - 9.75
52 Week Range6.89 - 17.25
Volume1,110
Avg. Volume1,960
Market Cap4.919B
Beta (3Y Monthly)2.39
PE Ratio (TTM)5.74
EPS (TTM)1.70
Earnings DateN/A
Forward Dividend & Yield0.14 (1.44%)
Ex-Dividend Date2019-08-05
1y Target EstN/A
Trade prices are not sourced from all markets
  • Peugeot Sale Makes Sense for Dongfeng
    Bloomberg

    Peugeot Sale Makes Sense for Dongfeng

    (Bloomberg Opinion) -- France SA’s romance with the Chinese car industry could be nearing its end.Dongfeng Motor Corp., a state-owned giant that runs joint ventures with PSA Group, Nissan Motor Co. and Honda Motor Co., is looking at options for its 12.2% stake in PSA including a sale or bond issuance backed by the stock, people familiar with the matter told Bloomberg News on Thursday.On purely financial terms, such a move makes a great deal of sense. Dongfeng bought the shares as part of a 2014 bailout of the maker of Peugeot and Citroen cars, brokered by the French government. That investment has done rather well: PSA has seen the third-best share performance in Bloomberg’s Global Automobile Valuation peer group over the past five years, after Geely Automobile Holdings Ltd. and Fiat Chrysler Automobiles NV. The 800 million euros ($897 million) Dongfeng spent at the time is now worth around 2.2 billion euros. On top of that, the operational ventures that underpinned the shareholding have seen better days. Listed subsidiary Dongfeng Motor Group Co.’s sales of Peugeot- and Citroen-branded cars fell by about half in the first six months from a year earlier and are running at less than a quarter of their level in 2015. In the key crossover SUV market, models like Citroen’s C5 Aircross and Peugeot’s 4008 have simply failed to catch fire against competition from Asian and domestic rivals.Unless there’s a serious pick-up in the second half, Dongfeng’s PSA production lines, dedicated to turning out as many as 600,000 vehicles a year, will be running at little better than 25% utilization – levels at which it should be hard for the business to make money. Losses at Dongfeng’s PSA venture were already running at the equivalent of $251 million in 2018; it would hardly be surprising if they were worse this year.Management in China clearly see little sign that sales are about to pick up. Dongfeng’s dealer network for PSA-branded cars shrank by almost 80% between 2015 and 2018, and now stands at just 666 outlets compared with 1,186 for Renault-Nissan marques. The showrooms that remain suffer low productivity, shifting an average of 400 PSA vehicles each in 2018 compared with 1,431 at Nissan outlets and 761 at Honda-branded locations. (For what it’s worth, Renault does even worse, on just 204 vehicles).There’s a more proximate issue, too. Cash has been looking a little tight for Dongfeng’s listed subsidiary of late, owing largely to a huge increase in working capital, two years of negative Ebit, and net debt of 2.15 billion euros that was running at 8.1 times Ebitda at the end of December. In the 2018 fiscal year, operating cash flows actually turned negative to the tune of about 1.25 billion euros, a relatively rare event for carmakers that aren’t in the grip of a financial crisis or corporate scandal.Dongfeng still has ample liquidity. Its ratio of short-term assets to short-term liabilities was 1.36 at the end of December, above the industry average. But China’s auto market is grim, with sales declining from a year earlier for 12 straight months even as the government ratchets up pressure to spend money on the switch to electric vehicles. Faced with such headwinds, 2.2 billion euros could come in handy.At present there’s no word that Dongfeng is planning to unwind the JV to manufacture PSA cars in China – but it would probably welcome such an outcome, especially if it could persuade its European affiliate to pay to take more control of the partnership in the manner of the deal last year between BMW AG and Brilliance China Automotive Holdings Ltd.Dongfeng’s partnerships with Nissan and Honda are clearly the better performers, and PSA may feel it needs more of a free hand to turn around its Chinese operation. If a sale of a strategic stake can help ease the path toward that happier outcome, both sides stand to benefit.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Is There Now An Opportunity In Brilliance China Automotive Holdings Limited (HKG:1114)?
    Simply Wall St.

    Is There Now An Opportunity In Brilliance China Automotive Holdings Limited (HKG:1114)?

    Brilliance China Automotive Holdings Limited (HKG:1114), which is in the auto business, and is based in Hong Kong, led...

  • Reuters

    BMW to pick new CEO, Zipse emerges as favourite

    BMW is set to name Oliver Zipse as its new chief executive, picking the manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants. The company's supervisory board will discuss new leadership at BMW's U.S. plant in Spartanburg, South Carolina, later on Thursday, after 53-year-old Harald Krueger said he would not be available for a second term as CEO. Zipse, 55, is now the front runner, with 59-year-old board member for research Klaus Froehlich also a contender, company sources told Reuters.

  • All You Need To Know About Brilliance China Automotive Holdings Limited's (HKG:1114) Financial Health
    Simply Wall St.

    All You Need To Know About Brilliance China Automotive Holdings Limited's (HKG:1114) Financial Health

    Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Brilliance...

  • What Kind Of Share Price Volatility Should You Expect For Brilliance China Automotive Holdings Limited (HKG:1114)?
    Simply Wall St.

    What Kind Of Share Price Volatility Should You Expect For Brilliance China Automotive Holdings Limited (HKG:1114)?

    If you're interested in Brilliance China Automotive Holdings Limited (HKG:1114), then you might want to consider its...

  • Those Who Purchased Brilliance China Automotive Holdings (HKG:1114) Shares A Year Ago Have A 39% Loss To Show For It
    Simply Wall St.

    Those Who Purchased Brilliance China Automotive Holdings (HKG:1114) Shares A Year Ago Have A 39% Loss To Show For It

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! While not a mind-blowing move, it is good to see that the Brilliance China Automotive Holdings Lim...

  • Reuters

    BRIEF-Brilliance China Automotive Holdings Appoints Yan Bingzhe As Executive Director & CEO

    April 12 (Reuters) - Brilliance China Automotive Holdings Ltd: * YAN BINGZHE APPOINTED AS EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER * QI YUMIN RESIGNED AS AN EXECUTIVE DIRECTOR, CHIEF EXECUTIVE OFFICER ...

  • Brilliance China Automotive Holdings Limited (HKG:1114): What Are The Future Prospects?
    Simply Wall St.

    Brilliance China Automotive Holdings Limited (HKG:1114): What Are The Future Prospects?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Looking at Brilliance China Automotive Holdings Limited's (HKG:1114) earnings update on 31 December 2018...

  • Reuters

    BRIEF-Brilliance China Automotive Holdings Posts FY Profit Attributable Of RMB5.82 Bln

    March 26 (Reuters) - Brilliance China Automotive Holdings Ltd: * FY PROFIT ATTRIBUTABLE RMB 5.82 BILLION VERSUS RMB4.38 BILLION * FY REVENUE RMB4.38 BILLION VERSUS RMB5.30 BILLION Source text for Eikon: ...

  • What Kind Of Shareholder Owns Most Brilliance China Automotive Holdings Limited (HKG:1114) Stock?
    Simply Wall St.

    What Kind Of Shareholder Owns Most Brilliance China Automotive Holdings Limited (HKG:1114) Stock?

    The big shareholder groups in Brilliance China Automotive Holdings Limited (HKG:1114) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders oftenRead More...

  • Is It Too Late To Consider Buying Brilliance China Automotive Holdings Limited (HKG:1114)?
    Simply Wall St.

    Is It Too Late To Consider Buying Brilliance China Automotive Holdings Limited (HKG:1114)?

    Brilliance China Automotive Holdings Limited (HKG:1114), which is in the auto business, and is based in Hong Kong, saw a decent share price growth in the teens level on the Read More...

  • Simply Wall St.

    Brilliance China Automotive Holdings Limited (HKG:1114) Has A ROE Of 17%

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...

  • Moody's

    Bavarian Sky China 2018-2 Trust -- Moody's assigns definitive ratings to BMW-sponsored auto loan ABS in China: Bavarian Sky China 2018-2 Trust

    Moody's Investors Service has assigned definitive ratings to two classes of notes issued by Bavarian Sky China 2018-2 Trust, the tenth domestic securitization transaction backed by a pool of auto loans originated by BMW Automotive Finance (China) Co., Ltd. (BMW AFC, unrated) in China.

  • Here’s How P/E Ratios Can Help Us Understand Brilliance China Automotive Holdings Limited (HKG:1114)
    Simply Wall St.

    Here’s How P/E Ratios Can Help Us Understand Brilliance China Automotive Holdings Limited (HKG:1114)

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We’ll show how you can use Brilliance China Automotive Holdings Limited’s Read More...

  • Moody's

    Bavarian Sky China 2018-2 Trust -- Moody's assigns provisional ratings to BMW-sponsored auto loan ABS in China: Bavarian Sky China 2018-2 Trust

    Moody's Investors Service has assigned provisional ratings to two classes of notes to be issued by Bavarian Sky China 2018-2 Trust, the tenth domestic securitization transaction backed by a pool of auto loans originated by BMW Automotive Finance (China) Co., Ltd. (BMW AFC, unrated) in China.

  • Simply Wall St.

    Is Brilliance China Automotive Holdings Limited (HKG:1114) Excessively Paying Its CEO?

    Yumin Qi became the CEO of Brilliance China Automotive Holdings Limited (HKG:1114) in 2006. First, this article will compare CEO compensation with compensation at similar sized companies. Next, we’ll consider Read More...

  • Simply Wall St.

    Do You Know Who Else Invests In Brilliance China Automotive Holdings Limited (HKG:1114)?

    If you want to know who really controls Brilliance China Automotive Holdings Limited (HKG:1114), then you’ll have to look at the makeup of its share registry. Insiders often own a Read More...

  • Moody's

    Bavarian Sky China 2018-1 Trust -- Moody's assigns definitive ratings to BMW-sponsored auto loan ABS in China: Bavarian Sky China 2018-1 Trust

    Moody's Investors Service has assigned definitive ratings to two classes of notes issued by Bavarian Sky China 2018-1 Trust, the ninth domestic securitization transaction backed by a pool of auto loans originated by BMW Automotive Finance (China) Co., Ltd. (BMW AFC, unrated) in China.

  • Moody's

    Bavarian Sky China 2018-1 Trust -- Moody's assigns provisional ratings to BMW-sponsored auto loan ABS in China: Bavarian Sky China 2018-1 Trust

    Moody's Investors Service has assigned provisional ratings to two classes of notes to be issued by Bavarian Sky China 2018-1 Trust, the nineth domestic securitization transaction backed by a pool of auto loans originated by BMW Automotive Finance (China) Co., Ltd. (BMW AFC, unrated) in China.