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2 Cheap Cars Group (NZSE:2CC) 5-Year Yield-on-Cost % : 5.33 (As of May. 16, 2024)


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What is 2 Cheap Cars Group 5-Year Yield-on-Cost %?

2 Cheap Cars Group's yield on cost for the quarter that ended in Sep. 2023 was 5.33.


The historical rank and industry rank for 2 Cheap Cars Group's 5-Year Yield-on-Cost % or its related term are showing as below:

NZSE:2CC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.69   Med: 2.31   Max: 24
Current: 5.33


During the past 3 years, 2 Cheap Cars Group's highest Yield on Cost was 24.00. The lowest was 0.69. And the median was 2.31.


NZSE:2CC's 5-Year Yield-on-Cost % is ranked better than
76.81% of 802 companies
in the Vehicles & Parts industry
Industry Median: 2.5 vs NZSE:2CC: 5.33

Competitive Comparison of 2 Cheap Cars Group's 5-Year Yield-on-Cost %

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars Group's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.


2 Cheap Cars Group's 5-Year Yield-on-Cost % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's 5-Year Yield-on-Cost % falls into.



2 Cheap Cars Group 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of 2 Cheap Cars Group is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

2 Cheap Cars Group  (NZSE:2CC) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


2 Cheap Cars Group 5-Year Yield-on-Cost % Related Terms

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2 Cheap Cars Group (NZSE:2CC) Business Description

Traded in Other Exchanges
N/A
Address
102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061
2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

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