- Geely Auto reported its third-quarter net income at 3.82 billion yuan, marking a 59% increase compared to the previous year.
- Third-quarter revenue surged to 89.19 billion yuan, reflecting a 27% year-on-year growth.
- For the first nine months, Geely Auto‘s net income totaled 13.11 billion yuan, showing a slight decrease of 0.8% from the previous year.
- Revenue from Zeekr, a brand under Geely Auto, reached 81.01 billion yuan, growing by 5% year-on-year.
- Total revenue for the first nine months was 239.48 billion yuan, which is a 26% increase from the prior year.
- Gross profit during the same period rose by 28%, amounting to 39.51 billion yuan.
- Market analysts have largely positive outlooks, with 46 buy recommendations, 1 hold, and no sell recommendations.
Geely Auto on Smartkarma
Analyst coverage of Geely Auto on Smartkarma reveals contrasting sentiments from different experts. J Capital Research takes a bearish outlook, viewing Geely Automobile as more of a private equity fund than an auto company with doubts on its future global success. In contrast, Ming Lu‘s bullish perspectives highlight Geely’s potential to outperform competitors like BYD in the sedan market, expecting strong revenue growth and significant upside for the stock.
Moreover, Janaghan Jeyakumar, CFA, anticipates positive developments for Geely, with the stock already outperforming peers and potential announcement of results looming. Ming Lu also points out Geely’s revenue growth and increasing market presence, positioning itself as a strong contender against industry leaders. The varying analyses on Smartkarma provide investors with valuable insights into Geely Auto‘s current performance and future prospects.
A look at Geely Auto Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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, is poised for a promising long-term outlook based on an analysis of its Smartkarma Smart Scores. With a strong score in Growth, Resilience, and Momentum, the company showcases robust potential for future expansion and performance. Particularly noteworthy is its high Growth score, indicating a promising trajectory for the company in terms of market expansion and revenue generation.
While Geely Auto scores moderately in Value and Dividend, the higher scores in Growth, Resilience, and Momentum overshadow these areas, suggesting a favorable overall outlook. The company’s ability to adapt to market changes, maintain strong business performance, and sustain positive market momentum positions Geely Auto as a company to watch closely for long-term growth and development.
Summary: Geely Auto, a passenger vehicles manufacturing company, operates in the development, manufacturing, sales, and export of passenger vehicles. With a particularly strong outlook in Growth, Resilience, and Momentum, the company shows promise for future expansion and success in the automotive industry.
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.
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