Brilliance China Automotive’s earnings growth hinges on expanding Brilliance BMW Automotive, the joint venture with BMW, while limiting losses from its minivan business. While Brilliance sold a 25% stake in the BBA JV to BMW in 2022, future localization of higher-end models and a rise in export volume will partially offset the drop in share of BBA's profits attributed to Brilliance, in our view.
Expansion in the middle-class population and rapid growth in consumption will support demand for premium vehicles.
Uncertainty about Brilliance's remaining 25% stake in the BBA JV remains a long-term concern.
|
Metric
|
01114
|
BMW
|
02333
|
|---|---|---|---|
Price/Earnings (Normalized) | 2.50 | 4.83 | 12.36 |
Price/Book Value | 0.55 | 0.55 | 1.73 |
Price/Sales | 12.10 | 0.29 | 0.66 |
Price/Cash Flow | — | 2.28 | — |
|
Metric
|
01114
|
BMW
|
02333
|
|---|---|---|---|
Quick Ratio | 1.45 | 0.72 | 0.74 |
Current Ratio | 1.51 | 1.10 | 1.10 |
Interest Coverage | 4,407.60 | 23.60 | 15.37 |
|
Metric
|
01114
|
BMW
|
02333
|
|---|---|---|---|
Return on Assets (Normalized) | 10.22% | 4.42% | 5.02% |
Return on Equity (Normalized) | 12.78% | 12.55% | 14.39% |
Return on Invested Capital (Normalized) | 11.17% | 6.03% | 8.51% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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|---|---|---|---|---|---|---|
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MBGAF
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| Bayerische Motoren Werke AG ADR - Unsponsored
BMWKY
| Nvkgtvdz | Sqmbw | $54.5 Bil | |||
| Volkswagen AG ADR
VWAGY
| Bnmv | Rps | $53.6 Bil | |||
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United States