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China Evergrande New Energy Vehicle Group (HKSE:00708) GF Value Rank : 2 (As of Jun. 07, 2024)


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What is China Evergrande New Energy Vehicle Group GF Value Rank?

China Evergrande New Energy Vehicle Group has the GF Value Rank of 2.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.


Competitive Comparison of China Evergrande New Energy Vehicle Group's GF Value Rank

For the Medical Care Facilities subindustry, China Evergrande New Energy Vehicle Group's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Evergrande New Energy Vehicle Group's GF Value Rank Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, China Evergrande New Energy Vehicle Group's GF Value Rank distribution charts can be found below:

* The bar in red indicates where China Evergrande New Energy Vehicle Group's GF Value Rank falls into.



China Evergrande New Energy Vehicle Group GF Value Rank Related Terms

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China Evergrande New Energy Vehicle Group (HKSE:00708) Business Description

Traded in Other Exchanges
Address
No. 78 Huangpu Avenue West, 28th Floor, Evergrande International Center, Guangdong Province, Guangzhou, CHN, 510620
China Evergrande New Energy Vehicle Group Ltd is engaged in the technology research and development, production, and sales of new energy vehicles. It is also involved in community health management, international hospitals, and the elderly care and rehabilitation business. The company's operating segments include Health Management and New Energy Vehicle. It generates most of its revenues from Health Management segment.
Executives
China Evergrande Group 2201 Interest of corporation controlled by you
Hui Ka Yan 2201 Interest of corporation controlled by you
Xin Xin (bvi) Limited 2201 Interest of corporation controlled by you
Muse Limited 2201 Interest of corporation controlled by you
Nwtn Inc. 2101 Beneficial owner
Wu Nan 2201 Interest of corporation controlled by you
Ding Yu Mei 2201 Interest of corporation controlled by you

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