SunCar Technology Group Inc. (SDA) 10-Year Financial Performance & Capital Metrics

SDA • • Industrial / General

Consumer CyclicalAuto DealershipsAutomotive Services & AftermarketExtended Warranty & Insurance Services

AboutSunCar Technology Group Inc., through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business. The Insurance Intermediation Business segment provides traditional auto insurance renewal services and new energy vehicles insurance services. The Automotive After-Sales Business provides after-sales services to banking, insurance companies, and other customer types. The Technology Business segment provides auto insurance SaaS products and other technical services. SunCar Technology Group Inc. was founded in 2007 and is based in Shanghai, China.Show more

Revenue $442M +21.5%
EBITDA -$53M -401.1%
Net Income -$69M -155.1%
EPS (Diluted) -0.72 -132.3%
Gross Margin 11.65% +1.6%
EBITDA Margin -12.01% -312.5%
Operating Margin -13.21% -210.7%
Net Margin -15.54% -110.0%
ROE -102.31% -99.1%
ROIC -35.74% -226.6%
Debt/Equity 1.27 +2.5%
Interest Coverage -12.89 -269.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.8x turnover

✗Weaknesses

✗Shares diluted 12.4% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y21.03%

TTM17.78%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM71.37%

EPS CAGR

10Y-

5Y-

3Y-

TTM75.94%

ROCE

10Y Avg100.3%

5Y Avg100.3%

3Y Avg-37.04%

Latest-61.82%

Peer Comparison

Extended Warranty & Insurance Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SDASunCar Technology Group Inc.	116.14M	2.09	-2.90	21.49%	-3.61%	-19.31%	9.69%	1.27
KFSKingsway Financial Services Inc.	379.41M	13.26	-39	4.53%	-8.29%	-60.38%	0.09%	3.29

Profit & Loss

	Jun 2020	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	238.93M	249.24M	282.41M	363.75M	441.9M
Revenue Growth %	-	-	0.04%	0.13%	0.29%	0.21%
Cost of Goods Sold+	0	211.45M	212.07M	232.29M	322.06M	390.43M
COGS % of Revenue	-	0.88%	0.85%	0.82%	0.89%	0.88%
Gross Profit+	0	27.48M	37.16M	50.12M	41.69M	51.46M
Gross Margin %	-	0.12%	0.15%	0.18%	0.11%	0.12%
Gross Profit Growth %	-	-	0.35%	0.35%	-0.17%	0.23%
Operating Expenses+	0	19.64M	26.8M	62.7M	57.15M	109.83M
OpEx % of Revenue	-	0.08%	0.11%	0.22%	0.16%	0.25%
Selling, General & Admin	0	14.62M	23.15M	54.22M	43.04M	69.58M
SG&A % of Revenue	-	0.06%	0.09%	0.19%	0.12%	0.16%
Research & Development	0	5.03M	3.65M	8.48M	14.11M	40.24M
R&D % of Revenue	-	0.02%	0.01%	0.03%	0.04%	0.09%
Other Operating Expenses	0	0	0	0	0	0
Operating Income+	0	7.83M	10.36M	-12.58M	-15.46M	-58.36M
Operating Margin %	-	0.03%	0.04%	-0.04%	-0.04%	-0.13%
Operating Income Growth %	-	-	0.32%	-2.21%	-0.23%	-2.77%
EBITDA+	171.86K	9.45M	14.41M	-6.88M	-10.59M	-53.09M
EBITDA Margin %	-	0.04%	0.06%	-0.02%	-0.03%	-0.12%
EBITDA Growth %	-	53.97%	0.53%	-1.48%	-0.54%	-4.01%
D&A (Non-Cash Add-back)	171.86K	1.61M	4.05M	5.7M	4.87M	5.28M
EBIT	-34.63K	7.83M	10.36M	-7.01M	-10.57M	-57.07M
Net Interest Income+	0	-2.1M	20.07K	-3.66M	-4.43M	-4.53M
Interest Income	0	3.2K	20.07K	0	0	0
Interest Expense	0	2.1M	0	3.66M	4.43M	4.53M
Other Income/Expense	-34.63K	540K	171K	1.9M	455K	-3.24M
Pretax Income+	-34.63K	8.37M	10.53M	-10.67M	-15.01M	-61.6M
Pretax Margin %	-	0.04%	0.04%	-0.04%	-0.04%	-0.14%
Income Tax+	0	1.75M	938K	231K	2.57M	2.85M
Effective Tax Rate %	1%	-1.55%	-2.25%	0.62%	1.79%	1.11%
Net Income+	-34.63K	-12.99M	-23.72M	-6.67M	-26.91M	-68.66M
Net Margin %	-	-0.05%	-0.1%	-0.02%	-0.07%	-0.16%
Net Income Growth %	-	-374.25%	-0.83%	0.72%	-3.04%	-1.55%
Net Income (Continuing)	-34.63K	6.62M	9.59M	-10.9M	-17.58M	-64.45M
Discontinued Operations	0	-16.4M	-27.66M	-994K	0	0
Minority Interest	0	46.49M	0	42.06M	51.91M	54.34M
EPS (Diluted)+	-0.00	0.01	0.05	-0.08	-0.31	-0.72
EPS Growth %	-	-	3.83%	-2.67%	-2.84%	-1.32%
EPS (Basic)	-0.00	0.02	-0.04	-0.08	-0.31	-0.72
Diluted Shares Outstanding	7.46M	225M	81.6M	82.55M	85.44M	96M
Basic Shares Outstanding	7.46M	1.3B	491.04M	82.55M	85.44M	96M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Jun 2020	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	76.32K	165.34M	110.64K	145.35M	175.2M	196.27M
Cash & Short-Term Investments	76.32K	754.44K	110.64K	47.74M	52.45M	47.85M
Cash Only	76.32K	754.44K	110.64K	21.2M	30.85M	26.86M
Short-Term Investments	0	0	0	26.54M	21.6M	20.98M
Accounts Receivable	0	48.98M	85.64M	85.62M	56.04M	78.78M
Days Sales Outstanding	-	74.83	125.41	110.66	56.24	65.07
Inventory	0	-134.14K	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-
Other Current Assets	0	115.6M	-85.64M	6.27M	66.7M	3.06M
Total Non-Current Assets+	0	57.5M	58.75M	46.62M	48.04M	50.45M
Property, Plant & Equipment	0	13.25M	10.74M	18.84M	23.75M	28.27M
Fixed Asset Turnover	-	18.03x	23.21x	14.99x	15.32x	15.63x
Goodwill	0	0	0	0	0	0
Intangible Assets	0	14.95M	23.53M	13.63M	12.01M	11.46M
Long-Term Investments	0	307K	314K	290K	282K	274K
Other Non-Current Assets	0	28.99M	12.09M	794K	0	0
Total Assets+	76.32K	58.39M	58.87M	191.97M	223.24M	246.73M
Asset Turnover	-	4.09x	4.23x	1.47x	1.63x	1.79x
Asset Growth %	-	764.07%	0.01%	2.26%	0.16%	0.11%
Total Current Liabilities+	85.94K	113.15M	664.98K	155.19M	124.39M	156.76M
Accounts Payable	79.53K	0	0	24.2M	26.64M	56.81M
Days Payables Outstanding	-	-	-	38.03	30.19	53.11
Short-Term Debt	0	60.88M	575K	74.65M	83.03M	83.6M
Deferred Revenue (Current)	0	0	0	1000K	1000K	1000K
Other Current Liabilities	6.41K	52.19M	0	50.92M	9.86M	3.9M
Current Ratio	0.89x	1.46x	0.17x	0.94x	1.41x	1.25x
Quick Ratio	0.89x	1.46x	0.17x	0.94x	1.41x	1.25x
Cash Conversion Cycle	-	-	-	-	-	-
Total Non-Current Liabilities+	0	48.51M	2.85M	0	30.85M	23.73M
Long-Term Debt	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	504K	21K
Deferred Tax Liabilities	0	0	0	0	0	0
Other Non-Current Liabilities	0	46.5M	2.85M	0	30.35M	23.71M
Total Liabilities	85.94K	2.84M	3.52M	155.19M	155.25M	180.49M
Total Debt+	0	60.88M	575K	74.97M	84.28M	84.16M
Net Debt	-76.32K	-754.44K	464.36K	53.77M	53.43M	57.3M
Debt / Equity	-	1.10x	0.01x	2.04x	1.24x	1.27x
Debt / EBITDA	-	6.44x	0.04x	-	-	-
Net Debt / EBITDA	-0.44x	-0.08x	0.03x	-	-	-
Interest Coverage	-	3.73x	-	-3.44x	-3.49x	-12.89x
Total Equity+	-9.63K	55.55M	55.35M	36.78M	67.99M	66.23M
Equity Growth %	-	5772.19%	-0%	-0.34%	0.85%	-0.03%
Book Value per Share	-0.00	0.25	0.68	0.45	0.80	0.69
Total Shareholders' Equity	-9.63K	55.55M	55.35M	-5.28M	16.08M	11.89M
Common Stock	25K	60.26M	61.51M	3K	4K	5K
Retained Earnings	-34.63K	-4.7M	-6.24M	-99.58M	-126.72M	-195.39M
Treasury Stock	0	-10K	0	0	0	0
Accumulated OCI	0	-3.67K	82.4K	-1.48M	-1.37M	-1.43M
Minority Interest	0	46.49M	0	42.06M	51.91M	54.34M

Cash Flow

	Jun 2020	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-28.21K	18.63M	-25.57M	-16.14M	-27.65M	11.84M
Operating CF Margin %	-	0.08%	-0.1%	-0.06%	-0.08%	0.03%
Operating CF Growth %	-	661.36%	-2.37%	0.37%	-0.71%	1.43%
Net Income	-34.63K	6.62M	0	-10.9M	-26.91M	-64.45M
Depreciation & Amortization	0	0	0	5.7M	4.87M	5.28M
Stock-Based Compensation	0	520K	1.67M	1.6M	1.52M	63.53M
Deferred Taxes	0	-2.33M	-5.72M	-1.95M	701K	1.24M
Other Non-Cash Items	0	8.79M	25.35M	25.93M	15.98M	2.21M
Working Capital Changes	6.41K	5.04M	-46.87M	-36.51M	-23.8M	4.04M
Change in Receivables	0	0	-35.07M	-32.64M	30.82M	-22.71M
Change in Inventory	0	0	0	32.64M	0	0
Change in Payables	0	53K	0	-5.02M	3.14M	31.34M
Cash from Investing+	0	-29.16M	-20.68M	-5.92M	-2.39M	-12.15M
Capital Expenditures	0	-9.49M	-1.28M	-4.35M	-4.93M	-588K
CapEx % of Revenue	-	0.04%	0.01%	0.02%	0.01%	0%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	-9.29M	-19.4M	-1.72M	-1.67M	-11.58M
Cash from Financing+	104.53K	43.88M	-66K	10.64M	40.43M	-2.95M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	104.53K	-15.29M	-66K	-510K	31.9M	-5.83M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	-28.21K	9.14M	-1.3M	-20.5M	-32.58M	11.25M
FCF Margin %	-	0.04%	-0.01%	-0.07%	-0.09%	0.03%
FCF Growth %	-	325.08%	-1.14%	-14.73%	-0.59%	1.35%
FCF per Share	-0.00	0.04	-0.02	-0.25	-0.38	0.12
FCF Conversion (FCF/Net Income)	0.81x	-1.43x	1.08x	2.42x	1.03x	-0.17x
Interest Paid	0	0	0	3.78M	3.67M	3.67M
Taxes Paid	0	0	0	2.46M	2.58M	1.47M

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-46.79%	-42.78%	-14.48%	-51.38%	-102.31%
Return on Invested Capital (ROIC)	-	10.17%	9.06%	-12.89%	-10.94%	-35.74%
Gross Margin	-	11.5%	14.91%	17.75%	11.46%	11.65%
Net Margin	-	-5.44%	-9.52%	-2.36%	-7.4%	-15.54%
Debt / Equity	-	1.10x	0.01x	2.04x	1.24x	1.27x
Interest Coverage	-	3.73x	-	-3.44x	-3.49x	-12.89x
FCF Conversion	0.81x	-1.43x	1.08x	2.42x	1.03x	-0.17x
Revenue Growth	-	-	4.32%	13.31%	28.8%	21.49%

Revenue by Segment

	2023	2024
Technology Service	-	44.89M
Technology Service Growth	-	-
Others Member	30.66M	-
Others Member Growth	-	-

Frequently Asked Questions

Growth & Financials

SunCar Technology Group Inc. (SDA) reported $461.1M in revenue for fiscal year 2024.

SunCar Technology Group Inc. (SDA) grew revenue by 21.5% over the past year. This is strong growth.

SunCar Technology Group Inc. (SDA) reported a net loss of $16.6M for fiscal year 2024.

Dividend & Returns

SunCar Technology Group Inc. (SDA) has a return on equity (ROE) of -102.3%. Negative ROE indicates the company is unprofitable.

SunCar Technology Group Inc. (SDA) generated $4.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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