Cango Inc Stock Fair Value Calculator – Cango Reports Non-GAAP EPADS of $0.10 and Revenue of $79.01M in-line with Estimates

🌥️Trending News

Cango Inc ($NYSE:CANG)., a leading online automotive marketplace, recently reported their non-GAAP earnings per share (EPADS) of $0.10 and revenue of $79.01M for their most recent quarter, which was in line with the market’s expectations. The company offers a comprehensive range of services, from car renting and car trading to car financing and car insurance, to help people find their ideal car at the best price. Cango’s main mission is to simplify car ownership for Chinese consumers by providing them with the most convenient and affordable options available. In 2020, Cango Inc. went public on the New York Stock Exchange, under the symbol “CANG”.

Earnings

Cango Inc reported an in-line with estimates non-GAAP EPADS of $0.10 and total revenue of $79.01M in their latest earnings release for FY2022 Q4 as of December 31 2020. The total revenue for CANGO INC reported by this quarter marks a 4.8% increase compared to the year prior, reaching 1.1B CNY. This is a significant increase from the total revenue reported in the last three years, which was 0.49B CNY.

CANGO INC also reported net income of 1.57B CNY. These financial results demonstrate the long-term success of CANGO INC’s strategic investments and growth initiatives.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cango Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cango Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cango Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Cango Inc are shown below. More…

Share Price

Following the announcement, the stock opened at $1.2 and closed at $1.2, up by 0.9% from the previous closing price of $1.2. This report marks CANGO INC‘s second consecutive quarter of meeting or beating estimates, with the company showing strong growth potential in the near future. Live Quote…

Analysis – Cango Inc Stock Fair Value Calculator

At GoodWhale, we have evaluated the wellbeing of CANGO INC and come to the conclusion that their shares are currently undervalued. Using our proprietary Valuation Line tool, we have calculated that the fair value of CANGO INC is around $1.6. This means that the current market price of $1.2 is undervalued by 24.2%. We believe that this presents an opportunity for investors to purchase CANGO INC at a discounted rate. We highly recommend that investors take advantage of this opportunity and purchase CANGO INC shares now, as the stock may rise to its fair value in the near future. More…

Peers

The competitive landscape in the automotive industry is fierce, with a number of major players vying for market share. Cango Inc is no exception, as it faces stiff competition from Chinese giant China Grand Automotive Services Group Co Ltd, BetterLife Holding Ltd, and Brilliance China Automotive Holdings Ltd. All of these companies are striving to gain an edge in this highly competitive industry, as they all strive to be the leader in the marketplace.

– China Grand Automotive Services Group Co Ltd ($SHSE:600297)

Grand Automotive Services Group Co Ltd is a leading automotive services company that provides a wide range of vehicle maintenance and repair services. The company has a large market cap of 17.68B as of 2023, reflecting its strong financial performance and customer base. The company also has a Return on Equity (ROE) of 7.32%, which demonstrates its ability to generate profits from its investments. Grand Automotive Services Group Co Ltd prides itself on offering a customer-focused approach to the automotive industry, providing reliable, convenient and cost-effective services for its customers.

– BetterLife Holding Ltd ($SEHK:06909)

BetterLife Holding Ltd is a leading provider of integrated healthcare services. The company offers a wide range of services including primary care, specialist care, diagnostic services, outpatient care and digital health solutions. As of 2023, BetterLife Holding Ltd has a market capitalization of 1.81 billion dollars, reflecting a high degree of investor confidence in the company. In addition, the company has recorded a strong Return on Equity (ROE) of 16.17%, which further demonstrates its ability to generate profits from its activities and its underlying financial strength. This is evidenced by the company’s impressive growth rate and strategic investments in new technology and services.

– Brilliance China Automotive Holdings Ltd ($SEHK:01114)

Brilliance China Automotive Holdings Ltd is a leading automotive company in China, specializing in the production and sale of both light and heavy motor vehicles. It has a market cap of 18.72B as of 2023, making it one of the largest automotive companies in the country. The company has strong performance, with a Return on Equity (ROE) of 5.47%, which is higher than the industry average. This indicates a healthy capital structure and a high rate of return on investments. Brilliance China Automotive Holdings Ltd has consistently delivered exceptional products, services and customer satisfaction, allowing it to maintain its stature as one of the top automotive companies in China.

Summary

Cango Inc. is a company that recently reported its non-GAAP earnings per share (EPADS) of $0.10 and revenue of $79.01M. This figure was in-line with analysts’ predictions. Investors should take note of these figures when considering investing in Cango Inc. as it suggests there has been no major disruption to the company’s operations and its performance is in line with expectations. It is important to remember, however, that any investment carries risk and investors should always do their due diligence before investing in a company.