Earnings Alerts

SAIC Motor (600104) Earnings: FY Net Income Falls Short of Estimates with Massive 88% Drop

  • SAIC Motor reported a net income of 1.67 billion yuan for the fiscal year, representing an 88% decline year over year.
  • The reported net income significantly missed the estimate, which was 4.61 billion yuan.
  • For the first quarter, SAIC Motor reported a net income of 3.02 billion yuan.
  • The company’s revenue for the first quarter stood at 137.68 billion yuan.
  • Market analysts have given SAIC Motor 18 buy ratings, 4 hold ratings, and 4 sell ratings.
  • All comparisons are based on the company’s original disclosures.

SAIC Motor on Smartkarma

Analyst coverage on Smartkarma reveals insights on SAIC Motor from top independent analysts. Brian Freitas, in a bullish stance, predicts potential changes in the SSE50 Index rebalance, anticipating a round-trip trade of CNY 16.4bn with index arb balances impacting stock. Meanwhile, Devi Subhakesan highlights SAIC Motor‘s subsidiary, JSW MG Motor’s success with the MG Windsor EV in India’s NEV segment, leveraging Battery-as-a-Service to boost sales and enable a direct cost comparison with ICE vehicles.

Additionally, the Tech Supply Chain Tracker, adopting a bearish outlook, reports on Arm’s shift towards AI hardware and software beyond semiconductors, amidst challenges faced by Intel and global supply chain disruptions affecting Chinese EV makers and European auto industries. These diverse analyses provide valuable perspectives for investors considering SAIC Motor‘s position and potential opportunities in the evolving automotive and technology sectors.


A look at SAIC Motor Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.8

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

SAIC Motor Corporation Ltd. is positioned to potentially thrive in the long term, as indicated by its impressive Smartkarma Smart Scores. With a top score of 5 in the Value category, SAIC Motor appears to be attractively priced relative to its earnings and assets. Additionally, the company receives a commendable score of 4 for Dividend, implying a strong track record of distributing profits to its shareholders. Although Growth and Resilience scores are slightly lower at 3, suggesting moderate performance in these areas, SAIC Motor shows promise with a Momentum score of 4, indicating positive market sentiment and potential for upward movement.

Overall, SAIC Motor Corporation Ltd., a leading manufacturer and marketer of automobiles and related components through joint ventures, seems well-positioned for future success based on its strong Smartkarma Smart Scores. Investors may find the company appealing for its high Value and Dividend scores, indicating favorable pricing and consistent dividend payouts. While Growth and Resilience scores indicate room for improvement, the Momentum score suggests positive market dynamics that could propel SAIC Motor forward in the long term.


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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