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General information

Country: CHINA

Sector: Credit Services

Categories: @china   @saas   

Cango Inc. operates as a platform as a service company. The Company offers automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants. Cango serves clients in China.
Website: cangoonline.com



Growth: Bad revenue growth rate -27.5%, there is slowdown compared to average historical growth rates 33.6%. The revenue growth dynamics is unstable

Profitability: LTM net profit margin is negative, -52.0%. On average the margin is improving steadily. Gross margin is low, +11.4%. In the last quarter the company did not beat the estimated EPS. The company was ahead of estimated EPS in 0% of quarters (showing a gain of -$0.14 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 70.0%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 50.5% higher than minimum and 80.3% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued -0.4x by P / Sales multiple

Key Financials (Download financials)

Ticker: CANG
Share price, USD:  (-1.4%)1.4
year average price 1.2032  


year start price 1.1400 2023-04-20

min close price 0.9300 2023-12-07

max close price 1.7600 2024-02-22

current price 1.4000 2024-04-18
Common stocks: 134 769 131

Dividend Yield:  70.0%
Last revenue growth (y/y):  -27.5%
Last growth of Net Income (y/y):  ---
Historical revenue growth:  33.6%
Historical growth of Net Income:  18.3%
P / Sales: 0.7x
Margin (Net Income LTM / Revenue): -52.0%
Fundamental value created in LTM:
Market Cap ($m): 189
Price to Book: 0.4x
Latest review:

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-03-12Seeking Alpha

Cango Inc. (CANG) Q4 2023 Earnings Call Transcript

2023-11-28Seeking Alpha

Cango Inc. (CANG) Q3 2023 Earnings Call Transcript
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CANG CANG CANG CANG CANG
reportedCurrency CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2023-03-31 2023-04-26 2022-09-30
acceptedDate 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-31 00:00:00 2023-04-26 06:20:10 2022-09-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3
revenue 354M 675M 543M 487M 416M
costOfRevenue 305M 616M 481M 482M 389M
grossProfit 49M 60M 62M 5M 28M
grossProfitRatio 0.139 0.088 0.114 0.011 0.067
researchAndDevelopmentExpenses 7M 8M 8M 8M 10M
generalAndAdministrativeExpenses 35M 37M 38M 66M 143M
sellingAndMarketingExpenses 10M 12M 13M 19M 18M
sellingGeneralAndAdministrativeExpenses 45M 49M 51M 85M 161M
otherExpenses 22M 3M -49M 123M 49M
operatingExpenses -12M 69M 10M 217M 220M
costAndExpenses 293M 684M 491M 699M 609M
interestIncome 19M 21M 19M 17M 15M
interestExpense 153 088 2M 2M 5M 3M
depreciationAndAmortization 190M 24M 23M 27M 17M
ebitda 102M 15M 75M -185M -175M
ebitdaratio 0.288 0.022 0.138 -0.380 -0.420
operatingIncome -88M -9M 52M -212M -192M
operatingIncomeRatio -0.248 -0.013 0.096 -0.434 -0.462
totalOtherIncomeExpensesNet -120M 12M 24M 24M 23M
incomeBeforeTax -40M 22M 75M -188M -170M
incomeBeforeTaxRatio -0.114 0.032 0.139 -0.386 -0.407
incomeTaxExpense 9M -15M -3M 371M -39M
netIncome -49M 36M 79M -559M -130M
netIncomeRatio -0.139 0.054 0.145 -1.147 -0.313
eps -0.450 0.270 1.160 -4.130 -0.960
epsdiluted -0.450 0.260 1.120 -4.130 -0.960
weightedAverageShsOut 110M 133M 67M 135M 136M
weightedAverageShsOutDil 110M 138M 70M 135M 136M
link Link
finalLink Link

Balance Sheet Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CANG CANG CANG CANG CANG
reportedCurrency CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2023-03-31 2023-04-26 2022-09-30
acceptedDate 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-31 00:00:00 2023-04-26 06:20:10 2022-09-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 666M 589M 697M 379M 745M
shortTermInvestments 2 434M 2 056M 2 018M 1 941M 2 698M
cashAndShortTermInvestments 3 100M 2 645M 2 714M 2 320M 3 443M
netReceivables 639M 1 034M 1 375M 1 640M 1 749M
inventory 16M 27M 39M 0 0
otherCurrentAssets 270M 708M 1 236M 1 510M 913M
totalCurrentAssets 4 025M 4 414M 5 364M 5 470M 6 105M
propertyPlantEquipmentNet 83M 87M 92M 95M 16M
goodwill 0 149M 149M 149M 149M
intangibleAssets 48M 48M 48M 48M 47M
goodwillAndIntangibleAssets 48M 197M 197M 197M 196M
longTermInvestments 113M 178M 0 0 0
taxAssets 140M 137M 119M 62M 624M
otherNonCurrentAssets 600M 619M 972M 1 191M 1 447M
totalNonCurrentAssets 984M 1 219M 1 379M 1 546M 2 283M
otherAssets 0 0 0 0 0
totalAssets 5 009M 5 633M 6 743M 7 016M 8 388M
accountPayables 598M 811M 0 2M 0
shortTermDebt 96M 359M 744M 924M 939M
taxPayables 348M 340M 337M 313M 328M
deferredRevenue 128M 178M 234M 568M 0
otherCurrentLiabilities 151M 208M 1 528M 1 036M 1 241M
totalCurrentLiabilities 974M 1 556M 2 506M 2 531M 2 180M
longTermDebt 69M 72M 125M 152M 126M
deferredRevenueNonCurrent 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 11M 11M 11M 11M 11M
otherNonCurrentLiabilities 347 239 278 451 305 422 314 287 178M
totalNonCurrentLiabilities 80M 83M 136M 163M 314M
otherLiabilities 0 0 0 0 0
capitalLeaseObligations 77M 80M 84M 86M 0
totalLiabilities 1 054M 1 639M 2 642M 2 694M 2 495M
preferredStock 0 0 0 0 0
commonStock 204 260 204 260 204 260 204 260 204 260
retainedEarnings -232M -183M -219M 9M 1 526M
accumulatedOtherComprehensiveIncomeLoss 146M 138M 60M 66M 111M
othertotalStockholdersEquity 4 041M 4 037M 4 259M 4 246M 4 257M
totalStockholdersEquity 3 955M 3 993M 4 101M 4 322M 5 894M
totalEquity 3 955M 3 993M 4 101M 4 322M 5 894M
totalLiabilitiesAndStockholdersEquity 5 009M 5 633M 6 743M 7 016M 8 388M
minorityInterest 0 0 0 0 0
totalLiabilitiesAndTotalEquity 5 009M 5 633M 6 743M 7 016M 8 388M
totalInvestments 2 434M 2 056M 2 018M 1 941M 2 698M
totalDebt 165M 431M 869M 1 077M 1 065M
netDebt -501M -158M 173M 698M 320M
link Link
finalLink Link

Cash Flow Statement

Property 2023 q3 2023 q2 2022 q4 2021 q4 2020 q3 2020 q2
date 2023-09-30 2023-06-30 2022-12-31 2021-12-31 2020-09-30 2020-06-30
symbol CANG CANG CANG CANG CANG CANG
reportedCurrency USD USD USD USD CNY CNY
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2023-04-26 2022-04-26 2020-09-30 2020-08-25
acceptedDate 2023-09-28 20:00:00 2023-06-28 20:00:00 2023-04-26 06:20:10 2022-04-26 16:09:48 2020-09-29 20:00:00 2020-08-25 06:11:53
calendarYear 2023.000 2023.000 2022.000 2021.000 2020.000 2020.000
period Q3 Q2 Q4 Q4 Q3 Q2
netIncome -7M 5M -1 113 103M -10 439M 1 769M 70M
depreciationAndAmortization 0 0 17 485M 8 510M 0 0
deferredIncomeTax 0 0 371 342M -582 897M 0 0
stockBasedCompensation 0 0 158 523M 87 635M 0 0
changeInWorkingCapital 0 0 -18M -18M 0 0
accountsReceivables 0 0 -43 301M -78 040M 0 0
inventory 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0
otherWorkingCapital 0 0 43 283M 78 021M 0 0
otherNonCashItems 7M -5M -1 841M 92 592M -1 769M -70M
netCashProvidedByOperatingActivities 0 0 -567 612M -404 618M 0 0
investmentsInPropertyPlantAndEquipment 0 0 -4 612M -18 912M 0 0
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments 0 0 -3 934 700M -2 342 226M 0 0
salesMaturitiesOfInvestments 0 0 212 639M 2 841 861M 0 0
otherInvestingActivites 0 0 5 687 413M 2 181 711M 0 0
netCashUsedForInvestingActivites 0 0 1 960 740M 2 662 434M 0 0
debtRepayment 0 0 -1 408 147M -2 112 047M 0 0
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 -1 794M -1 794M 0 0
dividendsPaid 0 0 0 0 0 0
otherFinancingActivites 0 0 1 407 609M 2 111 509M 0 0
netCashUsedProvidedByFinancingActivities 0 0 -2 332M -2 332M 0 0
effectOfForexChangesOnCash 0 0 -113M -113M 0 0
netChangeInCash 8M -22M 1 390 683M 2 255 371M 0 0
cashAtEndOfPeriod 93M 85M 1 390 683M 2 255 371M 0 0
cashAtBeginningOfPeriod 85M 107M 0 0 0 0
operatingCashFlow 0 0 -567 612M -404 618M 0 0
capitalExpenditure 0 0 -4 612M -18 912M 0 0
freeCashFlow 0 0 -572 224M -423 530M 0 0
link Link Link Link
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Earning call transcript

2023 q4
2024-03-12 ET (fiscal 2023 q4)
2023 q3
2023-11-28 ET (fiscal 2023 q3)
2023 q2
2023-08-24 ET (fiscal 2023 q2)
2023 q1
2023-06-09 ET (fiscal 2023 q1)
2022 q4
2023-03-10 ET (fiscal 2022 q4)
2022 q3
2022-11-30 ET (fiscal 2022 q3)
2022 q2
2022-08-30 ET (fiscal 2022 q2)
2022 q1
2022-06-10 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-03-11 21:30 ET
Cango Inc. Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results
2024-03-05 12:00 ET
Cango Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on March 11, 2024 Eastern Time
2024-01-26 06:31 ET
Cango Announces Strategic Partnership with Caocao Mobility for Next-Generation Smart Mobility Ecosystem
2023-12-12 09:49 ET
NaaS and CANGO Jointly Release the "Initiative on Sustainability of Enterprise-Community Integration in the Middle East"
2023-11-27 21:30 ET
Cango Inc. Reports Third Quarter 2023 Unaudited Financial Results
2023-11-21 13:00 ET
Cango Inc. to Report Third Quarter 2023 Financial Results on November 27, 2023 Eastern Time
2023-08-23 21:30 ET
Cango Inc. Reports Second Quarter 2023 Unaudited Financial Results
2023-08-18 12:00 ET
Cango Inc. to Report Second Quarter 2023 Financial Results on August 23, 2023 Eastern Time
2023-06-08 21:30 ET
Cango Inc. Reports First Quarter 2023 Unaudited Financial Results
2023-06-05 12:00 ET
Cango Inc. to Report First Quarter 2023 Financial Results on June 8, 2023 Eastern Time
2023-04-26 11:15 ET
Cango Inc. Filed Its Annual Report on Form 20-F
2023-04-21 10:00 ET
Cango Inc. Announces New Share Repurchase Program
2023-03-09 21:30 ET
Cango Inc. Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results
2023-03-06 12:00 ET
Cango Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on March 9, 2023 Eastern Time
2022-11-29 21:30 ET
Cango Inc. Reports Third Quarter 2022 Unaudited Financial Results
2022-11-23 12:00 ET
Cango Inc. to Report Third Quarter 2022 Financial Results on November 29, 2022 Eastern Time
2022-10-17 10:00 ET
Cango Inc. Announces Ex-dividend Date
2022-10-11 22:00 ET
Cango Inc. Declares Special Cash Dividend
2022-08-29 21:30 ET
Cango Inc. Reports Second Quarter 2022 Unaudited Financial Results
2022-08-25 12:00 ET
Cango Inc. to Report Second Quarter 2022 Financial Results on August 29, 2022 Eastern Time
2022-06-21 10:00 ET
Cango Inc. Launches Cango Haoche APP
2022-06-09 21:30 ET
Cango Inc. Reports First Quarter 2022 Unaudited Financial Results
2022-06-06 12:00 ET
Cango Inc. to Report First Quarter 2022 Financial Results on June 9, 2022 Eastern Time
2022-05-19 12:00 ET
Cango Inc. Announces a Change to Its Board of Directors
2022-05-16 10:33 ET
XL Axiata achieves Digital Transformation with CanGo Next-Gen Cloud Native Inventory and Assurance Platform on Google Cloud
2022-04-26 20:46 ET
Cango Inc. Filed Its Annual Report on Form 20-F
2022-04-22 22:00 ET
Cango Inc. Announces Certain Updates
2022-03-10 21:30 ET
Cango Inc. Reports Fourth Quarter and Full Year 2021 Unaudited Financial Results
2022-03-08 12:00 ET
Cango Inc. to Report Fourth Quarter and Full Year 2021 Financial Results on March 10, 2022 Eastern Time
2022-02-18 10:00 ET
Cango Wins 2021 Philanthropy Practice Award
2022-01-24 10:00 ET
Cango Wins Tonghuashun Best IR Award
2022-01-12 10:00 ET
Cango Haoche's Display Function Drives Auto Sales
2021-12-21 10:00 ET
Cango Wins "Best Investment Value for Listed Companies" Golden Bauhinia Award
2021-12-07 10:00 ET
Cango Participates in 2021 China Automobile Dealers Industry Convention & Expo
2021-11-22 21:30 ET
Cango Inc. Reports Third Quarter 2021 Unaudited Financial Results
2021-11-17 12:00 ET
Cango Inc. to Report Third Quarter 2021 Financial Results on November 22, 2021 Eastern Time
2021-10-29 10:00 ET
CANGO Auto View: Auto Production and Sales Amid Worldwide Chip Shortage
2021-10-22 10:00 ET
CANGO Auto View: Worldwide Chip Shortage's Effects on the Auto Industry
2021-10-15 10:00 ET
CANGO Auto View: Synergies of the Traditional and Direct Sales Models
2021-10-08 10:00 ET
CANGO Auto View: New Energy Vehicles Driving Industry-Wide Changes
2021-10-01 10:00 ET
CANGO Auto View: China's Evolving Automobile Sales Model
2021-09-03 10:00 ET
CANGO Auto View: China's Burgeoning Autonomous Driving Market
2021-08-27 10:00 ET
CANGO Auto View: The Time for Automotive-Grade Chips is Now
2021-08-20 10:00 ET
CANGO Auto View: Investors Eye Vehicle Technologies as Next Big Thing
2021-08-19 21:32 ET
Cango Inc. Announces Up to US$50 Million New Share Repurchase Program
2021-08-19 21:30 ET
Cango Inc. Reports Second Quarter 2021 Unaudited Financial Results
2021-08-16 12:00 ET
Cango Inc. to Report Second Quarter 2021 Financial Results on August 19, 2021 Eastern Time
2021-08-13 10:00 ET
CANGO Auto View: New Era for Smart Vehicles - Tech Companies Disrupt Auto Industry Chain
2021-08-06 10:00 ET
CANGO Auto View: Developing Auto Intelligence Amid a Worldwide Industry Shift Toward Autonomous Driving
2021-07-30 10:00 ET
CANGO Auto View: Electrification at the Heart of China's New Energy Vehicle Market
2021-07-23 10:00 ET
CANGO Auto View: China's Automobile Industry - at the Brink of a New Era
2021-07-16 10:00 ET
CANGO Auto View: New infrastructure building - a basic foundation for smart vehicles
2021-07-09 10:00 ET
CANGO Auto View: The unparalleled value of human-vehicle interaction
2021-07-02 10:00 ET
CANGO Auto View: Riding a building investment momentum, smart vehicles herald the future of mobility
2021-06-25 10:00 ET
CANGO Auto View: Battery manufacturers harness new tech to boost efficiency and trim costs
2021-06-18 10:00 ET
CANGO Auto View: Behind the takeoff of NEVs: Who will win the battle of power battery technology?
2021-05-31 21:30 ET
Cango Inc. Reports First Quarter 2021 Unaudited Financial Results
2021-05-24 12:00 ET
Cango Inc. to Report First Quarter 2021 Financial Results on May 31, 2021 Eastern Time
2021-04-27 12:50 ET
Cango Inc. Filed Its Annual Report on Form 20-F
2021-04-20 10:00 ET
Cango's Subsidiary Forms Strategic Cooperation with Zhengzhou Nissan
2021-03-11 21:30 ET
Cango Inc. Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results
2021-03-11 14:45 ET
Cango Inc. Declares Special Cash Dividend
2021-03-08 12:00 ET
Cango Inc. to Report Fourth Quarter and Full Year 2020 Financial Results on March 11, 2021 Eastern Time
2021-03-02 12:00 ET
Cango Inc. Announces Up to US$50 Million Share Repurchase Program
2020-12-28 11:00 ET
Cango Inc. to Participate in Upcoming January Conferences
2020-11-23 21:30 ET
Cango Inc. Reports Third Quarter 2020 Unaudited Financial Results
2020-11-16 12:00 ET
Cango Inc. to Report Third Quarter 2020 Financial Results on November 23, 2020 Eastern Time
2020-09-28 11:00 ET
Cango Publishes Founders' Letter Celebrating the Company's Tenth Anniversary
2020-08-24 20:30 ET
Cango Inc. Reports Second Quarter 2020 Unaudited Financial Results
2020-08-17 11:00 ET
Cango Inc. to Report Second Quarter 2020 Financial Results on August 24, 2020 Eastern Time
2020-08-04 08:00 ET
Cango Inc. Wins "Best Auto Finance Risk Management Innovation Award" at the 5th Annual China Auto Finance International Summit
2020-06-22 12:00 ET
Cango Inc. Announces Change to Board of Directors
2020-06-12 12:00 ET
Cango Inc. Regains Compliance with NYSE's Continued Listing Standards
2020-05-27 20:30 ET
Cango Inc. Reports First Quarter 2020 Unaudited Financial Results
2020-05-22 12:00 ET
Cango Inc. to Report First Quarter 2020 Financial Results on May 27, 2020 Eastern Time
2020-04-27 20:30 ET
Cango Inc. Filed Its Annual Report on Form 20-F
2020-04-23 11:00 ET
Cango Inc. Declares Special Cash Dividend
2020-03-23 20:30 ET
Cango Inc. Reports Fourth Quarter and Full Year 2019 Unaudited Financial Results
2020-03-19 11:00 ET
Cango Inc. to Report Fourth Quarter and Full Year 2019 Financial Results on March 23, 2020 Eastern Time
2019-11-14 21:30 ET
Cango Inc. Reports Third Quarter 2019 Unaudited Financial Results and Issues Notice of Annual General Meeting
2019-11-13 21:30 ET
Cango Inc. Receives NYSE Notification Letter
2019-11-12 11:00 ET
Cango Inc. to Report Third Quarter 2019 Financial Results on November 14, 2019 Eastern Time

SEC forms

Show financial reports only

SEC form 6
2024-03-13 06:03 ET
Cango published news for 2023 q4
SEC form 6
2024-03-13 06:03 ET
Cango reported for 2023 q4
SEC form 6
2023-11-29 06:01 ET
Cango reported for 2023 q3
SEC form 6
2023-08-28 06:07 ET
Cango reported for 2023 q2
SEC form 6
2023-06-12 06:07 ET
Cango published news for 2023 q1
SEC form 6
2023-04-26 06:20 ET
Cango published news for 2023 q1
SEC form 6
2023-04-24 06:09 ET
Cango published news for 2023 q1