Autostreets Development Limited (2443) AI Stock Analysis

• Market Cap: HK$2.32B
• Dividend Yield: N/A
• Average Volume (3M): 8.62M
• Price to Earnings (P/E): 72.9
• Beta (1Y): -0.16
• Revenue Growth: -21.50%
• EPS Growth: N/A
• Country: HK
• Employees: 679
• Sector: General
• Sector Strength: N/A
• Industry: Auto - Dealerships
• EPS (TTM): N/A
• Shares Outstanding: 832,662,400
• 10 Day Avg. Volume: 2,692,300
• 30 Day Avg. Volume: 8,623,266
• PEG Ratio: -0.04
• Price to Book (P/B): 4.06
• Price to Sales (P/S): 9.20
• P/FCF Ratio: 518.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: HK$3.00 ▲(11.52% Upside)

The overall stock score is primarily influenced by financial performance challenges, including declining revenue and profitability. Technical analysis indicates a bearish trend, and the high P/E ratio suggests overvaluation. The absence of earnings call and corporate events data limits additional insights.

Positive Factors

Strong Balance Sheet

A strong balance sheet with low leverage and high equity enhances financial stability, providing a solid foundation for future growth.

Strategic Partnerships

Strategic partnerships can drive revenue growth and expand market presence, offering long-term competitive advantages in the automotive sector.

Positive Free Cash Flow

Maintaining positive free cash flow allows for reinvestment in growth opportunities, supporting long-term business sustainability and expansion.

Negative Factors

Declining Revenue

Declining revenue suggests challenges in market demand or competitive positioning, potentially impacting long-term growth and profitability.

Negative Net Income

Negative net income indicates profitability challenges, which could hinder the company's ability to invest in growth and innovation.

Declining Cash Flow

Reduced cash generation from operations limits financial flexibility and the ability to fund future growth initiatives, impacting long-term viability.

Autostreets Development Limited Business Overview & Revenue Model

Company Description

Autostreets Development Limited, an investment holding company, provides used vehicle transaction services in China. It offers online-offline integrated transaction platform that connects upstream sellers with downstream buyers for used vehicles, as well as facilitates used vehicle auction in large volumes. The company also provides used vehicle value-added services; exhibition related services; and other vehicle-related services, such as facilitation of title transfer services and GPS installation services. In addition, it arranges sale of used vehicles; and offers IT system and internet information services. Autostreets Development Limited was incorporated in 2014 and is headquartered in Shanghai, China.

How the Company Makes Money

Autostreets Development Limited generates revenue through a multi-faceted business model that includes the sale of automotive components and systems, which constitute a significant portion of its income. The company also earns revenue through service contracts related to vehicle maintenance and upgrades, targeting both individual vehicle owners and automotive fleet operators. Additionally, strategic partnerships with leading automotive manufacturers enhance its market reach and sales potential, driving further revenue growth. The company may also explore opportunities in research and development grants, as well as collaborations on innovative automotive technologies, contributing to its overall earnings.

Autostreets Development Limited Financial Statement Overview

Summary

Autostreets Development Limited is experiencing declining revenue and profitability, with a negative net income in 2024. While the balance sheet is strong with low leverage, the declining cash flow generation is concerning for future growth.

Income Statement

Autostreets Development Limited has faced declining revenue and profitability over the years. The revenue decreased from 677.7M in 2021 to 408.6M in 2024, indicating a negative growth trend. The gross profit margin has also decreased, and the company reported a negative net income in 2024, reflecting challenges in maintaining profitability.

Balance Sheet

The company's balance sheet shows a strong equity position with a significant increase in stockholders' equity from 77.5M in 2021 to 926.3M in 2024. The debt-to-equity ratio is low, indicating low leverage and financial stability. However, the total assets have not grown significantly, which could limit future growth potential.

Cash Flow

The cash flow analysis reveals a decline in operating cash flow from 188.7M in 2021 to 9.4M in 2024, indicating reduced cash generation from operations. Free cash flow has also decreased significantly, which could impact the company's ability to reinvest in growth opportunities. However, the company has maintained positive free cash flow, which is a positive aspect.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	359.13M	408.59M	491.97M	467.63M	677.69M
Gross Profit	220.64M	255.13M	312.48M	284.82M	425.57M
EBITDA	60.70M	-65.39M	28.72M	135.73M	261.07M
Net Income	30.07M	-123.00M	-15.51M	45.24M	47.97M
Balance Sheet
Total Assets	1.24B	1.25B	1.15B	1.03B	840.55M
Cash, Cash Equivalents and Short-Term Investments	1.05B	1.05B	938.94M	466.51M	373.79M
Total Debt	189.00M	199.60M	137.96M	397.44M	286.10M
Total Liabilities	295.58M	312.71M	752.00M	855.98M	565.89M
Stockholders Equity	927.36M	926.27M	394.86M	132.70M	77.54M
Cash Flow
Free Cash Flow	71.82M	7.25M	116.19M	90.73M	182.43M
Operating Cash Flow	73.06M	9.44M	123.36M	95.33M	188.71M
Investing Cash Flow	-11.49M	-63.00K	310.91M	-43.89M	-47.49M
Financing Cash Flow	0.00	100.15M	111.50M	-15.96M	-49.20M

Autostreets Development Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2443, the sentiment is Neutral. The current price of 2.69 is below the 20-day moving average (MA) of 2.76, below the 50-day MA of 3.08, and below the 200-day MA of 3.81, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 50.43 is Neutral, neither overbought nor oversold. The STOCH value of 46.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2443.

Autostreets Development Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
1728	52 Neutral	HK$1.43B	-0.25	―	―	-9.07%	-26.94%
6909	52 Neutral	HK$249.00M	-4.52	-1.92%	12.36%	-14.32%	-192.28%
2443	51 Neutral	HK$2.32B	72.89	3.29%	―	-21.50%	―
3669	47 Neutral	HK$3.12B	-0.89	-26.57%	9.05%	-13.69%	-1296.59%
3836	45 Neutral	HK$1.49B	-6.24	-4.42%	3.49%	11.33%	56.94%
1771	45 Neutral	HK$144.00M	-0.68	-8.81%	―	-24.42%	-115.68%