Geely Auto (175) Earnings: Company Sets Ambitious 2024 Sales Target Amid Increased EV Sales

Geely Auto on Smartkarma

Geely Auto, a leading Chinese car manufacturer, has recently received a lot of attention from analysts on Smartkarma, an independent investment research network. According to David Blennerhassett, a top analyst on the platform, Geely’s share price has been stagnant despite the upcoming listing of its subsidiary company, ZEEKR. Despite trading at a six and a half year low and below its average trailing/forward metrics, Geely’s stock is still a solid investment option. ZEEKR, which is set to be listed in the US, was valued at US$13 billion after a recent fund raising of US$750 million. This puts Geely’s 54.7% stake in ZEEKR at a value of 58% of its market cap. With such promising numbers, Geely’s stock is definitely worth considering for investors.

A look at Geely Auto Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Geely Auto, a passenger vehicles manufacturing company, has a promising long-term outlook according to the Smartkarma Smart Scores. With a score of 3 for Value, Geely Auto is considered to be fairly valued in the market. However, its Dividend score of 1 suggests that the company may not be a strong candidate for investors seeking regular dividend payouts.

On the other hand, Geely Auto scores high in Growth, Resilience, and Momentum, with scores of 4 for each category. This indicates that the company has strong potential for growth, is resilient in the face of market volatility, and has positive momentum in its operations. This bodes well for the company’s future prospects and suggests that it may be a good investment for those seeking long-term growth.

Overall, Geely Auto‘s strong scores in Growth, Resilience, and Momentum outweigh its lower scores in Value and Dividend. This suggests that the company has a positive long-term outlook and may be a good choice for investors looking for growth opportunities in the passenger vehicles sector. As a company that provides passenger vehicles development, manufacturing, sales, and export services, Geely Auto is well-positioned to capitalize on the growing demand for vehicles in the global market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma