Cango Financials

CANG Stock  USD 4.63  0.24  4.93%   
Based on the analysis of Cango's profitability, liquidity, and operating efficiency, Cango Inc may be sliding down financialy. It has an above-average risk of going through some form of financial straits next quarter. At this time, Cango's Property Plant And Equipment Net is most likely to increase significantly in the upcoming years. The Cango's current Current Deferred Revenue is estimated to increase to about 200.5 M, while Total Current Liabilities is projected to decrease to roughly 849.7 M. Key indicators impacting Cango's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio4.724.49
Sufficiently Up
Slightly volatile
Investors should never underestimate Cango's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Cango's cash flow, debt, and profitability to make informed and accurate decisions about investing in Cango Inc.

Net Income

(32.38 Million)

  
Understanding current and past Cango Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Cango's financial statements are interrelated, with each one affecting the others. For example, an increase in Cango's assets may result in an increase in income on the income statement.

Cango Stock Summary

Cango competes with Cars, KAR Auction, Rush Enterprises, Rush Enterprises, and Sonic Automotive. Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the Peoples Republic of China. The company was founded in 2010 and is headquartered in Shanghai, the Peoples Republic of China. Cango Inc operates under Auto Truck Dealerships classification in the United States and is traded on New York Stock Exchange. It employs 2351 people.
Specialization
Consumer Discretionary, Consumer Discretionary Distribution & Retail
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS1375861036
CUSIP137586103
LocationChina
Business AddressNew Bund Oriental
SectorSpecialty Retail
IndustryConsumer Discretionary
BenchmarkDow Jones Industrial
Websiteir.cangoonline.com
Phone86 21 3183 5088
CurrencyUSD - US Dollar

Cango Key Financial Ratios

Cango Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets12.1B10.9B7.0B4.6B5.3B7.4B
Other Current Liab780.5M1.4B1.3B385.2M442.9M695.7M
Other Liab34.1M335.6M52.5M11.0M12.7M12.1M
Net Tangible Assets5.3B8.2B6.8B4.1B4.7B3.6B
Net Debt1.1B569.4M697.8M(930.1M)(1.1B)(1.0B)
Retained Earnings4.0B3.0B9.1M(335.6M)(386.0M)(366.7M)
Accounts Payable5.1M4.0M25.0M23.8M27.4M28.7M
Cash1.4B1.4B378.9M1.0B918.5M1.0B
Other Assets2.4B3.0B3.1B1.3B1.4B2.0B
Long Term Debt977.8M486.4M75.9M712.0K640.8K608.8K
Net Receivables2.5B2.5B1.6B465.4M535.2M508.4M
Inventory971.0M9.7M61.3M1.7B1.9B2.0B
Other Current Assets583.3M1.2B1.6B1.8B2.0B2.1B
Total Liab3.8B4.0B2.7B831.6M748.5M711.0M
Short Long Term Debt1.6B1.5B914.4M40.0M46.0M43.7M
Total Current Assets8.9B7.6B5.5B3.9B4.5B5.2B
Short Term Debt1.6B1.5B924.4M47.6M54.7M52.0M
Intangible Assets44.9M45.9M48.3M48.4M55.6M32.6M
Net Invested Capital10.9B9.0B5.3B3.9B4.4B6.5B

Cango Key Income Statement Accounts

202020212022202320242025 (projected)
Tax Provision369.9M20.9M236.7M361.9M416.2M437.0M
Net Interest Income70.0M35.9M26.9M66.4M76.3M45.5M
Interest Income72.8M50.4M43.7M75.6M86.9M57.8M
Interest Expense2.8M14.5M16.8M4.1M4.7M4.5M
Total Revenue2.1B3.9B2.0B1.7B2.0B1.9B
Gross Profit954.3M963.7M150.4M190.1M171.1M162.5M
Operating Income429.9M53.9M(947.1M)(73.8M)(66.4M)(63.1M)
Ebit429.9M26.8M(964.6M)59.7M53.7M51.0M
Research Development62.6M70.3M46.0M30.1M34.6M46.4M
Ebitda439.4M35.3M(947.1M)78.3M70.5M121.4M
Cost Of Revenue1.1B3.0B1.8B1.5B1.7B1.2B
Income Before Tax3.7B12.3M(874.5M)55.6M50.0M47.5M
Net Income3.4B(8.5M)(1.1B)(37.9M)(34.1M)(32.4M)
Income Tax Expense369.9M20.9M236.7M93.5M107.5M146.5M

Cango Key Cash Accounts

202020212022202320242025 (projected)
Investments(83.9M)1.7B2.0B2.1B2.4B2.6B
Change In Cash(1.5B)295.4M(1.3B)2.0B1.8B1.9B
Net Borrowings543.2M1.0B(46.5M)(554.8M)(499.3M)(474.4M)
Free Cash Flow(627.0M)(423.3M)(572.0M)1.0B921.8M967.9M
Depreciation9.5M8.5M17.5M18.6M21.4M22.5M
Other Non Cash Items(3.2B)432.5M630.0M(85.1M)(97.9M)(102.7M)
Capital Expenditures5.4M18.9M4.6M1.8M1.6M1.5M
Net Income3.4B(8.5M)(1.1B)(37.9M)(34.1M)(32.4M)
End Period Cash Flow2.3B2.6B1.3B3.3B3.8B2.5B
Change To Netincome(19.5M)102.9M(2.9B)(62.8M)(56.5M)(59.3M)

Cango Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Cango's current stock value. Our valuation model uses many indicators to compare Cango value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cango competition to find correlations between indicators driving Cango's intrinsic value. More Info.
Cango Inc is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.44  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Cango Inc is roughly  2.30 . At this time, Cango's Return On Equity is most likely to increase slightly in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Cango by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Cango Inc Systematic Risk

Cango's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Cango volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Cango Inc correlated with the market. If Beta is less than 0 Cango generally moves in the opposite direction as compared to the market. If Cango Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Cango Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Cango is generally in the same direction as the market. If Beta > 1 Cango moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Cango Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cango's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Cango growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.43

At this time, Cango's Price Earnings To Growth Ratio is most likely to increase slightly in the upcoming years.

Cango February 1, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Cango help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Cango Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cango Inc based on widely used predictive technical indicators. In general, we focus on analyzing Cango Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cango's daily price indicators and compare them against related drivers.

Complementary Tools for Cango Stock analysis

When running Cango's price analysis, check to measure Cango's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cango is operating at the current time. Most of Cango's value examination focuses on studying past and present price action to predict the probability of Cango's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cango's price. Additionally, you may evaluate how the addition of Cango to your portfolios can decrease your overall portfolio volatility.
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