PerpEquities

Geely Automobile Holdings Limited (GEELY) financials

HKSE · Consumer Cyclical · Auto - Manufacturers · 73,000 employees · CEO Jia Yue Gan

Price
HK$13.71 -0.94%
Market cap
HK$148B
Enterprise value
CN¥74B
Last report
Q2 '26 filed 2026-06-30
Next report
2027-03-24
Revenue (TTM)CN¥357B+26.1% vs a year agoLast 2 half-years; bars = each half-year
Operating margin (TTM)4.1%-1.6 pp vs a year agoOperating income CN¥14.6B
Net income (TTM)CN¥16.1B+5.0% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)CN¥47.1B+88.7% vs a year agoCapex CN¥4.63B
Diluted EPS (TTM)CN¥1.50+0.7% vs a year agoSum of the last 2 half-years
Net cashCN¥56.6B+5,055.0% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
HK$148B
EV CN¥74B
Revenue
CN¥357B
Trailing 12 months
Revenue growth
+38%
FY2026 consensus
Profit margin
4.5%
Net income / revenue, TTM
P/E
7.5×
P/S
0.4×
Price / sales, TTM
EV / EBITDA
2.1×
TTM
Free cash flow
CN¥47.1B
Trailing 12 months
Net income
CN¥16.1B
Trailing 12 months
Revenue estimate
CN¥476B
FY2026 consensus
Earnings
2027-03-24
Dividend
HK$0.50
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Revenue growth slowing: 13.9% year on yearQ2 '26 revenue CN¥171B, against an average of 38.0% over the four half-years before.
  • Operating margin 4.1% (TTM), -1.6 pp on a year agoOperating income grew -9.0% while revenue grew 26.1%.
  • 23.0% of pre-tax profit is non-operatingPre-tax income CN¥19B vs operating income CN¥14.6B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
  • Capex 1.3% of revenue (a year ago 0.9%)CN¥4.63B invested in the last 2 half-years (+88.5% on a year earlier). Free cash flow CN¥47.1B = 292.5% of net income.
  • Returned CN¥10.2B to shareholders = 21.8% of free cash flowBuybacks CN¥7.21B (a year earlier CN¥1.7B), dividends CN¥3.04B, stock-based pay -CN¥682M (TTM).
  • Diluted share count up 7.6% in a year11.1B diluted shares in Q2 '26, 10.3B a year earlier.
  • Net cash CN¥56.6BCash + short-term investments CN¥69.5B, debt incl. leases CN¥13B; a year ago net cash CN¥1.1B.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q2 '26Year agoChange
RevenueCN¥171BCN¥150B+13.9%
Gross margin14.8%16.4%-1.6 pp
Operating incomeCN¥8.77BCN¥5.38B+63.1%
Operating margin5.1%3.6%+1.5 pp
Net incomeCN¥8.97BCN¥9.29B-3.5%
Diluted EPSCN¥0.81CN¥0.90-10.0%
Operating cash flowCN¥20BCN¥15B+33.0%
CapexCN¥2.11BCN¥1.51B+40.2%
Free cash flowCN¥17.9BCN¥13.5B+32.2%
R&DCN¥9.07BCN¥7.33B+23.8%
Stock-based compensationCN¥0CN¥682M-100.0%

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 2 half-years

cash flow statement
Operating cash flow
CN¥51.7B
Capex
-CN¥4.63B
Buybacks
-CN¥7.21B
Dividends
-CN¥3.04B
Acquisitions
-CN¥1.31B
Net debt issued
-CN¥10.3B
Stock-based compensation
-CN¥682M
Free cash flow
CN¥47.1B
Returned to shareholders / FCF
21.8%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)7.5×17.8×8.5× – 36.1×
EV / EBITDA2.1×7.9×4.4× – 16.8×
EV / Sales0.2×0.6×0.3× – 1.4×
Price / FCF2.7×11.4×3.9× – 18.4×
Price / Book1.3×1.6×0.9× – 2.5×
FCF yield37.6%12.5%5.4% – 25.7%
Return on invested capital10.4%2.5%-6.2% – 7.8%
Return on equity17.2%11.6%6.6% – 19.2%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026CN¥476B+37.9%CN¥2.08+27.5%–14
FY2027CN¥555B+16.5%CN¥2.49+19.6%–18
FY2028CN¥624B+12.6%CN¥2.92+17.3%–9
FY2029CN¥564B-9.7%CN¥1.49-48.8%–9
FY2030CN¥563B-0.2%CN¥1.50+0.4%–8

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in HKD.