Auto & Auto Parts Comps

(as of 18/10/19)
Ticker Company Share price (local) Market cap (US$MM) Firm value (US$MM) 2019E FV/Sales 2020E FV/Sales 2019E FV/EBITDA 2020E FV/EBITDA 2019E P/E 2020E P/E
Global Auto Manufacturers
GM General Motors Company 36.17 51,641MM 50,834MM 0.4x 0.3x 3.1x 2.9x 6.4x 5.5x
TSLA Tesla, Inc. 256.95 46,027MM 56,783MM 2.3x 1.9x 29.3x 18.6x - 81.3x
Mean 1.3x 1.1x 16.2x 10.8x 6.4x 43.4x
Median 1.3x 1.1x 16.2x 10.8x 6.4x 43.4x
Global Auto Platforms
ADSK Autodesk, Inc. 139.67 30,670MM 31,835MM 9.8x 8.0x 37.3x 23.4x 50.7x 30.9x
CVNA Carvana Co. 73.85 10,331MM 11,416MM 3.0x 2.0x - - - -
ATHM Autohome Inc. 82.95 9,793MM 8,212MM 6.8x 5.9x 16.9x 14.1x 21.2x 18.2x
Mean 6.5x 5.3x 27.1x 18.8x 35.9x 24.6x
Median 6.8x 5.9x 27.1x 18.8x 35.9x 24.6x
China Auto Manufacturers
1211.HK BYD 比亚迪 38.15 16,478MM 27,526MM 1.4x 1.2x 12.7x 11.5x 34.7x 28.8x
002594.SZ 比亚迪 46.57 16,098MM 25,786MM 1.3x 1.1x 13.3x 11.5x 44.7x 36.5x
0175.HK Geely Automobile Holdings 吉利汽车控股 13.64 15,952MM 14,693MM 1.1x 1.0x 7.5x 6.6x 12.7x 10.1x
600733.SH Bluepark New Energy Technology Co,. 北汽蓝谷新能源科技 6.26 3,038MM 4,060MM 1.4x 1.1x 39.4x 26.9x - -
NIO NIO Inc. 1.52 1,600MM 2,879MM 2.4x 1.5x - - - -
Mean 1.5x 1.2x 18.2x 14.1x 30.7x 25.1x
Median 1.4x 1.1x 13.0x 11.5x 34.7x 28.8x
China Auto Parts
600741.SH Huayu Automotive Systems 华域汽车系统 23.02 10,080MM 7,441MM 0.3x 0.3x 4.8x 4.3x 10.3x 9.5x
3606.HK Fuyao Glass Industry Group 福耀玻璃工业集团 21.95 7,559MM 8,084MM 2.7x 2.4x 10.2x 8.9x 14.8x 12.9x
002050.SZ Sanhua 浙江三花智能控制 13.61 5,228MM 5,252MM 3.2x 2.8x 18.8x 16.2x 26.6x 22.7x
002405.SZ NavInfo 北京四维图新科技 14.39 3,922MM 3,694MM 11.3x 9.3x 45.9x 40.3x 67.7x 56.1x
0425.HK Minth 敏实集团 25.80 3,801MM 3,782MM 2.0x 1.8x 8.9x 7.7x 14.7x 12.5x
601799.SH Changzhou Xingyu Automotive Lighting Systems 常州星宇车灯 75.70 2,903MM 2,831MM 3.4x 2.8x 20.2x 16.3x 27.2x 21.6x
1316.HK Nexteer Automotive 耐世特汽车系统集团 6.39 2,054MM 1,913MM 0.5x 0.5x 3.3x 3.0x 7.2x 6.6x
Mean 3.4x 2.8x 16.0x 13.8x 24.1x 20.3x
Median 2.7x 2.4x 10.2x 8.9x 14.8x 12.9x