Cango Inc. (CANG) 10-Year Financial Performance & Capital Metrics

CANG • • Industrial / General

Consumer CyclicalAuto DealershipsDigital Automotive MarketplacesConsumer Vehicle Marketplaces

AboutCango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions, including car sourcing, logistics, and warehousing support for dealers; and facilitation of car purchases for car buyers. It also facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China.Show more

Revenue $804M -52.7%
EBITDA $186M +436.7%
Net Income $300M +891.6%
EPS (Diluted) 1.29 +960.0%
Gross Margin 55.31% +395.3%
EBITDA Margin 23.07% +812.4%
Operating Margin 22.24% +613.2%
Net Margin 37.27% +1774.7%
ROE 7.59% +915.2%
ROIC 4.58% +427.6%
Debt/Equity 0.04 +74.9%
Interest Coverage 271.37 +1608.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Share count reduced 4.1% through buybacks
✓Healthy 5Y average net margin of 28.6%
✓Trading at only 0.1x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 14 (bottom 14%)
✗Sales declining 11.0% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-10.99%

3Y-41.02%

TTM363.56%

Profit (Net Income) CAGR

10Y-

5Y-5.17%

3Y-

TTM-9587.32%

EPS CAGR

10Y-

5Y0%

3Y-

TTM-8522.22%

ROCE

10Y Avg11.05%

5Y Avg-1.85%

3Y Avg-4.35%

Latest4.47%

Peer Comparison

Consumer Vehicle Marketplaces

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CARGCarGurus, Inc.	2.82B	34.74	173.70	-2.17%	16.41%	40.48%	6.39%	0.36
CARSCars.com Inc.	719.55M	12.03	16.71	4.35%	4.16%	6.27%	20.78%	0.89
CANGCango Inc.	502.21M	1.45	1.12	-52.73%	-79.97%	-46.74%		0.04
UXINUxin Limited	756.64M	3.67	-0.10	45.02%	-19.22%
VRMVroom, Inc.	97.62M	18.78	-0.21	-98.7%	-27.66%	-61.78%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	434.28M	1.05B	1.09B	1.44B	2.05B	3.92B	1.98B	1.7B	804.49M
Revenue Growth %	-	1.42%	0.04%	0.32%	0.43%	0.91%	-0.5%	-0.14%	-0.53%
Cost of Goods Sold+	170.04M	386.05M	434.35M	539.27M	1.1B	2.96B	1.83B	1.51B	359.51M
COGS % of Revenue	0.39%	0.37%	0.4%	0.37%	0.54%	0.75%	0.92%	0.89%	0.45%
Gross Profit+	264.24M	666.15M	657.06M	900.8M	954.31M	963.71M	150.36M	190.06M	444.97M
Gross Margin %	0.61%	0.63%	0.6%	0.63%	0.46%	0.25%	0.08%	0.11%	0.55%
Gross Profit Growth %	-	1.52%	-0.01%	0.37%	0.06%	0.01%	-0.84%	0.26%	1.34%
Operating Expenses+	79.83M	180.69M	380.34M	577.51M	636.01M	986.96M	1.1B	263.81M	266.08M
OpEx % of Revenue	0.18%	0.17%	0.35%	0.4%	0.31%	0.25%	0.55%	0.16%	0.33%
Selling, General & Admin	74.83M	215.42M	318.32M	463.62M	463.85M	713.26M	432.32M	195.89M	263.26M
SG&A % of Revenue	0.17%	0.2%	0.29%	0.32%	0.23%	0.18%	0.22%	0.12%	0.33%
Research & Development	5M	19.42M	46.71M	57.41M	62.6M	70.28M	45.96M	30.11M	5.47M
R&D % of Revenue	0.01%	0.02%	0.04%	0.04%	0.03%	0.02%	0.02%	0.02%	0.01%
Other Operating Expenses	0	379.27K	32.7M	56.48M	109.56M	203.42M	619.22M	37.8M	-2.65M
Operating Income+	184.41M	470.02M	276.72M	485.67M	318.3M	-23.25M	-947.14M	-73.75M	178.89M
Operating Margin %	0.42%	0.45%	0.25%	0.34%	0.16%	-0.01%	-0.48%	-0.04%	0.22%
Operating Income Growth %	-	1.55%	-0.41%	0.76%	-0.34%	-1.07%	-39.74%	0.92%	3.43%
EBITDA+	185.91M	472.99M	283.91M	496.14M	327.45M	-14.73M	-941.66M	-55.11M	185.56M
EBITDA Margin %	0.43%	0.45%	0.26%	0.34%	0.16%	-0%	-0.48%	-0.03%	0.23%
EBITDA Growth %	-	1.54%	-0.4%	0.75%	-0.34%	-1.04%	-62.91%	0.94%	4.37%
D&A (Non-Cash Add-back)	1.5M	2.97M	7.19M	10.47M	9.15M	8.51M	5.48M	18.64M	6.67M
EBIT	186.95M	481.45M	415.02M	501.28M	320.57M	26.79M	-647.28M	59.68M	176.24M
Net Interest Income+	3.65M	3.17M	42.45M	38.12M	32.14M	11.89M	26.92M	75.07M	105.66M
Interest Income	4.1M	16.16M	61.47M	51.57M	34.9M	26.37M	43.73M	79.16M	106.32M
Interest Expense	449.69K	12.99M	19.01M	13.46M	2.76M	14.48M	16.81M	4.1M	659.22K
Other Income/Expense	2.09M	-1.56M	119.29M	2.15M	3.42B	35.56M	72.63M	129.33M	122.24M
Pretax Income+	186.5M	468.46M	396.01M	487.82M	3.74B	12.31M	-874.51M	55.58M	301.14M
Pretax Margin %	0.43%	0.45%	0.36%	0.34%	1.82%	0%	-0.44%	0.03%	0.37%
Income Tax+	53.01M	119.4M	89.08M	82.96M	369.85M	20.85M	236.7M	93.46M	1.32M
Effective Tax Rate %	0.69%	0.73%	0.76%	0.8%	0.9%	-0.69%	1.27%	-0.68%	1%
Net Income+	128.91M	341.01M	302.69M	390.91M	3.37B	-8.54M	-1.11B	-37.87M	299.82M
Net Margin %	0.3%	0.32%	0.28%	0.27%	1.64%	-0%	-0.56%	-0.02%	0.37%
Net Income Growth %	-	1.65%	-0.11%	0.29%	7.62%	-1%	-129.05%	0.97%	8.92%
Net Income (Continuing)	133.48M	349.06M	306.92M	404.86M	3.37B	-8.54M	-1.11B	-37.87M	299.82M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	15.29M	25.79M	3.59M	13.81M	0	0	0	0	0
EPS (Diluted)+	0.51	1.35	1.08	1.29	11.09	-0.03	-4.05	-0.15	1.29
EPS Growth %	-	1.65%	-0.2%	0.19%	7.6%	-1%	-136.76%	0.96%	9.6%
EPS (Basic)	0.51	1.35	1.09	1.30	11.22	-0.03	-4.05	-0.15	1.44
Diluted Shares Outstanding	252.83M	252.83M	280.87M	303.28M	303.9M	289.89M	274.08M	243.05M	233.03M
Basic Shares Outstanding	252.83M	252.83M	280.87M	303.03M	303.9M	289.89M	274.08M	243.05M	232.41M
Dividend Payout Ratio	-	-	0.09%	0.56%	0.08%	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	302.05M	1.11B	4.75B	5.54B	8.9B	7.61B	5.47B	3.88B	3.46B
Cash & Short-Term Investments	150.99M	865.65M	3.18B	2.6B	5.77B	4.03B	2.32B	1.66B	2.52B
Cash Only	44.99M	803.27M	2.91B	2B	1.43B	1.43B	378.92M	1.02B	1.29B
Short-Term Investments	106M	62.38M	265.87M	597.27M	4.34B	2.6B	1.94B	635.07M	1.23B
Accounts Receivable	139.03M	86.58M	1.22B	1.86B	2.55B	2.47B	1.57B	465.4M	107.14M
Days Sales Outstanding	116.85	30.04	406.61	471.18	452.87	230.19	289.65	99.81	48.61
Inventory	8.5M	72.24M	298.9M	970.99M	9.69M	61.29M	0	0	0
Days Inventory Outstanding	18.25	68.3	251.18	657.21	3.22	7.56	-	-	-
Other Current Assets	9.62M	148.2M	339.07M	103.43M	559.25M	268.89M	1.57B	1.76B	593.27M
Total Non-Current Assets+	412.8M	888.62M	2.55B	3.2B	3.25B	3.34B	1.55B	764.59M	2.51B
Property, Plant & Equipment	3.89M	9.75M	18.29M	14.74M	10.31M	19.55M	95.42M	55.39M	1.82B
Fixed Asset Turnover	111.69x	107.90x	59.69x	97.72x	199.03x	200.64x	20.76x	30.72x	0.44x
Goodwill	0	0	145.06M	145.06M	145.06M	148.66M	148.66M	0	0
Intangible Assets	1.23M	1.7M	1.69M	44.76M	44.89M	45.93M	48.32M	48.37M	47.43M
Long-Term Investments	256.6M	356.66M	293.55M	547.89M	0	1.52B	0	0	0
Other Non-Current Assets	96.2M	452.73M	1.99B	2.34B	2.88B	1.13B	1.19B	660.82M	644.05M
Total Assets+	714.86M	2B	7.3B	8.74B	12.15B	10.95B	7.02B	4.65B	5.97B
Asset Turnover	0.61x	0.53x	0.15x	0.16x	0.17x	0.36x	0.28x	0.37x	0.13x
Asset Growth %	-	1.79%	2.66%	0.2%	0.39%	-0.1%	-0.36%	-0.34%	0.28%
Total Current Liabilities+	286.87M	526.3M	1.57B	2.91B	2.46B	3.42B	2.53B	777.74M	1.83B
Accounts Payable	4.95M	9.36M	16.82M	8.23M	5.09M	4M	25.04M	23.8M	2.15M
Days Payables Outstanding	10.64	8.85	14.14	5.57	1.69	0.49	5	5.74	2.19
Short-Term Debt	0	0	1.13B	2.3B	1.58B	1.52B	914.44M	40M	124.58M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	253.85M	148.95M	366.25M	472.67M	631.93M	1.22B	828.59M	682.09M	1.3B
Current Ratio	1.05x	2.11x	3.04x	1.90x	3.62x	2.23x	2.16x	4.99x	1.88x
Quick Ratio	1.02x	1.97x	2.85x	1.57x	3.62x	2.21x	2.16x	4.99x	1.88x
Cash Conversion Cycle	124.47	89.49	643.65	1.12K	454.4	237.26	-	-	-
Total Non-Current Liabilities+	4.16B	4.15B	480.39M	335.79M	1.31B	538.83M	163.44M	53.89M	47.79M
Long-Term Debt	189.57M	175M	472.79M	301.67M	977.79M	486.37M	75.87M	712.02K	0
Capital Lease Obligations	0	0	0	0	0	0	76.53M	42.23M	37.04M
Deferred Tax Liabilities	0	0	0	12.33M	330.77M	51.47M	10.72M	10.72M	0
Other Non-Current Liabilities	3.97B	3.98B	7.6M	34.13M	4.87M	991.61K	314.29K	226.03K	10.74M
Total Liabilities	4.45B	4.68B	2.05B	3.24B	3.77B	3.96B	2.69B	831.63M	1.88B
Total Debt+	189.57M	175M	1.6B	2.6B	2.56B	2B	1.08B	90.54M	169.54M
Net Debt	144.58M	-628.27M	-1.31B	602.52M	1.14B	569.36M	697.84M	-930.06M	-1.12B
Debt / Equity	-	-	0.30x	0.47x	0.31x	0.29x	0.25x	0.02x	0.04x
Debt / EBITDA	1.02x	0.37x	5.64x	5.25x	7.83x	-	-	-	0.91x
Net Debt / EBITDA	0.78x	-1.33x	-4.62x	1.21x	3.47x	-	-	-	-6.04x
Interest Coverage	410.07x	36.17x	14.56x	36.09x	115.38x	-1.61x	-56.35x	-17.99x	271.37x
Total Equity+	-3.73B	-2.68B	5.26B	5.49B	8.38B	6.99B	4.32B	3.82B	4.09B
Equity Growth %	-	0.28%	2.96%	0.04%	0.53%	-0.17%	-0.38%	-0.12%	0.07%
Book Value per Share	-14.76	-10.61	18.71	18.11	27.56	24.11	15.77	15.70	17.54
Total Shareholders' Equity	-3.75B	-2.71B	5.25B	5.48B	8.38B	6.99B	4.32B	3.82B	4.09B
Common Stock	83.14K	83.14K	204.26K	204.26K	204.26K	204.26K	204.26K	204.26K	199.09K
Retained Earnings	-3.75B	-2.71B	698.04M	852.51M	3.96B	2.99B	9.11M	-335.63M	-35.81M
Treasury Stock	0	0	0	-20.64M	-56.42M	-485.26M	-559.01M	-773.13M	-756.52M
Accumulated OCI	0	-398.7K	109.45M	119.43M	-115.39M	-187.52M	66.36M	111.85M	152.88M
Minority Interest	15.29M	25.79M	3.59M	13.81M	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	83.03M	589.3M	184.79M	422.9M	-621.61M	-404.39M	-567.39M	1.03B	-310.2M
Operating CF Margin %	0.19%	0.56%	0.17%	0.29%	-0.3%	-0.1%	-0.29%	0.6%	-0.39%
Operating CF Growth %	-	6.1%	-0.69%	1.29%	-2.47%	0.35%	-0.4%	2.81%	-1.3%
Net Income	128.91M	341.01M	302.69M	390.91M	3.37B	-8.54M	-1.11B	-37.87M	299.81M
Depreciation & Amortization	1.5M	2.97M	7.19M	10.47M	9.54M	8.51M	17.49M	18.64M	96.08M
Stock-Based Compensation	4.1M	0	33.41M	82.27M	78.75M	87.63M	158.52M	38.49M	17.11M
Deferred Taxes	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	21.18M	-21.83M	-54.47M	20.67M	-2.95B	-150.4M	1B	-85.09M	-1.01B
Working Capital Changes	-72.67M	267.15M	-104.04M	-81.42M	-1.13B	-341.6M	-633.54M	1.09B	286.96M
Change in Receivables	526.48K	-85.13M	-918.62K	-32.98M	-606.68M	-757.44M	608.26M	668.84M	453.57M
Change in Inventory	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0
Cash from Investing+	-272.04M	-162.91M	-1.64B	-1.2B	-493.56M	2.66B	1.96B	2.12B	-1.25B
Capital Expenditures	-2.58M	-9.59M	-14.39M	-43.03M	-5.36M	-18.92M	-4.62M	-1.78M	0
CapEx % of Revenue	0.01%	0.01%	0.01%	0.03%	0%	0%	0%	0%	1.15%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-269.46M	-11.82M	-1.52B	-1.16B	-488.2M	2.68B	1.96B	2.13B	-1.25B
Cash from Financing+	187.15M	685.69M	4.09B	730.55M	-380.82M	-1.95B	-2.99B	-1.19B	-127.38M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-27.06M	-257.11M	-267.21M	-955.44M	-1.87B	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-2.22M	700.26M	3.58B	-574.21K	-17.92M	8.24M	7.04M	2.71M	2.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	80.45M	579.72M	170.4M	379.87M	-626.97M	-423.31M	-572.01M	1.02B	-1.24B
FCF Margin %	0.19%	0.55%	0.16%	0.26%	-0.31%	-0.11%	-0.29%	0.6%	-1.54%
FCF Growth %	-	6.21%	-0.71%	1.23%	-2.65%	0.32%	-0.35%	2.79%	-2.21%
FCF per Share	0.32	2.29	0.61	1.25	-2.06	-1.46	-2.09	4.21	-5.32
FCF Conversion (FCF/Net Income)	0.64x	1.73x	0.61x	1.08x	-0.18x	47.33x	0.51x	-27.09x	-1.03x
Interest Paid	202.99K	13.24M	3.78M	154.59M	139.95M	134.17M	83.13M	17.12M	0
Taxes Paid	0	0	0	0	101.88M	209.04M	33.82M	7.84M	2.65M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	23.52%	7.27%	48.6%	-0.11%	-19.65%	-0.93%	7.59%
Return on Invested Capital (ROIC)	-	-	65.64%	7.26%	3.06%	-0.2%	-11.29%	-1.4%	4.58%
Gross Margin	60.84%	63.31%	60.2%	62.55%	46.5%	24.57%	7.59%	11.17%	55.31%
Net Margin	29.68%	32.41%	27.73%	27.15%	164.17%	-0.22%	-56.11%	-2.23%	37.27%
Debt / Equity	-	-	0.30x	0.47x	0.31x	0.29x	0.25x	0.02x	0.04x
Interest Coverage	410.07x	36.17x	14.56x	36.09x	115.38x	-1.61x	-56.35x	-17.99x	271.37x
FCF Conversion	0.64x	1.73x	0.61x	1.08x	-0.18x	47.33x	0.51x	-27.09x	-1.03x
Revenue Growth	-	142.29%	3.73%	31.95%	42.52%	91.08%	-49.5%	-14.06%	-52.73%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
After-market Service Facilitation Service Income	-	-	241.19M	193.79M	71.46M	65.39M	41.23M
After-market Service Facilitation Service Income Growth	-	-	-	-19.65%	-63.13%	-8.49%	-36.95%
Loan Facilitation Income And Other Related Income	-	-	-	1.23B	146.43M	19.96M	15.78M
Loan Facilitation Income And Other Related Income Growth	-	-	-	-	-88.13%	-86.37%	-20.97%
Automobile trading income	-	-	-	2.23B	1.6B	1.31B	6.29M
Automobile trading income Growth	-	-	-	-	-28.33%	-17.96%	-99.52%
Service, Other	-	-	-	-	-	37.38M	2.25M
Service, Other Growth	-	-	-	-	-	-	-93.99%
Leasing	8.59M	300.08M	286.08M	251.3M	155.52M	-	-
Leasing Growth	-	3391.40%	-4.67%	-12.16%	-38.11%	-	-
Product and Service, Other	106.59M	20.16M	8.55M	15.91M	10.74M	-	-
Product and Service, Other Growth	-	-81.09%	-57.59%	86.07%	-32.49%	-	-
Loan Facilitation	-	913.84M	891.84M	-	-	-	-
Loan Facilitation Growth	-	-	-2.41%	-	-	-	-
Automobile Trading Income	-	-	624.77M	-	-	-	-
Automobile Trading Income Growth	-	-	-	-	-	-	-
Aftermarket Service Facilitation Service Income	-	206M	-	-	-	-	-
Aftermarket Service Facilitation Service Income Growth	-	-	-	-	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
Other Countries	-	-	-	-	-	-	13.84K
Other Countries Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Cango Inc. (CANG) has a price-to-earnings (P/E) ratio of 1.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Cango Inc. (CANG) reported $2.75B in revenue for fiscal year 2024. This represents a 533% increase from $434.3M in 2016.

Cango Inc. (CANG) saw revenue decline by 52.7% over the past year.

Cango Inc. (CANG) reported a net loss of $2.20B for fiscal year 2024.

Dividend & Returns

Cango Inc. (CANG) has a return on equity (ROE) of 7.6%. This is below average, suggesting room for improvement.

Cango Inc. (CANG) had negative free cash flow of $1.24B in fiscal year 2024, likely due to heavy capital investments.

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Cango Inc. (CANG) 10-Year Financial Performance & Capital Metrics

CANG • • Industrial / General

Consumer CyclicalAuto DealershipsDigital Automotive MarketplacesConsumer Vehicle Marketplaces

Revenue $804M -52.7%
EBITDA $186M +436.7%
Net Income $300M +891.6%
EPS (Diluted) 1.29 +960.0%
Gross Margin 55.31% +395.3%
EBITDA Margin 23.07% +812.4%
Operating Margin 22.24% +613.2%
Net Margin 37.27% +1774.7%
ROE 7.59% +915.2%
ROIC 4.58% +427.6%
Debt/Equity 0.04 +74.9%
Interest Coverage 271.37 +1608.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Share count reduced 4.1% through buybacks
✓Healthy 5Y average net margin of 28.6%
✓Trading at only 0.1x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 14 (bottom 14%)
✗Sales declining 11.0% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-10.99%

3Y-41.02%

TTM363.56%

Profit (Net Income) CAGR

10Y-

5Y-5.17%

3Y-

TTM-9587.32%

EPS CAGR

10Y-

5Y0%

3Y-

TTM-8522.22%

ROCE

10Y Avg11.05%

5Y Avg-1.85%

3Y Avg-4.35%

Latest4.47%

Peer Comparison

Consumer Vehicle Marketplaces

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CARGCarGurus, Inc.	2.82B	34.74	173.70	-2.17%	16.41%	40.48%	6.39%	0.36
CARSCars.com Inc.	719.55M	12.03	16.71	4.35%	4.16%	6.27%	20.78%	0.89
CANGCango Inc.	502.21M	1.45	1.12	-52.73%	-79.97%	-46.74%		0.04
UXINUxin Limited	756.64M	3.67	-0.10	45.02%	-19.22%
VRMVroom, Inc.	97.62M	18.78	-0.21	-98.7%	-27.66%	-61.78%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	434.28M	1.05B	1.09B	1.44B	2.05B	3.92B	1.98B	1.7B	804.49M
Revenue Growth %	-	1.42%	0.04%	0.32%	0.43%	0.91%	-0.5%	-0.14%	-0.53%
Cost of Goods Sold+	170.04M	386.05M	434.35M	539.27M	1.1B	2.96B	1.83B	1.51B	359.51M
COGS % of Revenue	0.39%	0.37%	0.4%	0.37%	0.54%	0.75%	0.92%	0.89%	0.45%
Gross Profit+	264.24M	666.15M	657.06M	900.8M	954.31M	963.71M	150.36M	190.06M	444.97M
Gross Margin %	0.61%	0.63%	0.6%	0.63%	0.46%	0.25%	0.08%	0.11%	0.55%
Gross Profit Growth %	-	1.52%	-0.01%	0.37%	0.06%	0.01%	-0.84%	0.26%	1.34%
Operating Expenses+	79.83M	180.69M	380.34M	577.51M	636.01M	986.96M	1.1B	263.81M	266.08M
OpEx % of Revenue	0.18%	0.17%	0.35%	0.4%	0.31%	0.25%	0.55%	0.16%	0.33%
Selling, General & Admin	74.83M	215.42M	318.32M	463.62M	463.85M	713.26M	432.32M	195.89M	263.26M
SG&A % of Revenue	0.17%	0.2%	0.29%	0.32%	0.23%	0.18%	0.22%	0.12%	0.33%
Research & Development	5M	19.42M	46.71M	57.41M	62.6M	70.28M	45.96M	30.11M	5.47M
R&D % of Revenue	0.01%	0.02%	0.04%	0.04%	0.03%	0.02%	0.02%	0.02%	0.01%
Other Operating Expenses	0	379.27K	32.7M	56.48M	109.56M	203.42M	619.22M	37.8M	-2.65M
Operating Income+	184.41M	470.02M	276.72M	485.67M	318.3M	-23.25M	-947.14M	-73.75M	178.89M
Operating Margin %	0.42%	0.45%	0.25%	0.34%	0.16%	-0.01%	-0.48%	-0.04%	0.22%
Operating Income Growth %	-	1.55%	-0.41%	0.76%	-0.34%	-1.07%	-39.74%	0.92%	3.43%
EBITDA+	185.91M	472.99M	283.91M	496.14M	327.45M	-14.73M	-941.66M	-55.11M	185.56M
EBITDA Margin %	0.43%	0.45%	0.26%	0.34%	0.16%	-0%	-0.48%	-0.03%	0.23%
EBITDA Growth %	-	1.54%	-0.4%	0.75%	-0.34%	-1.04%	-62.91%	0.94%	4.37%
D&A (Non-Cash Add-back)	1.5M	2.97M	7.19M	10.47M	9.15M	8.51M	5.48M	18.64M	6.67M
EBIT	186.95M	481.45M	415.02M	501.28M	320.57M	26.79M	-647.28M	59.68M	176.24M
Net Interest Income+	3.65M	3.17M	42.45M	38.12M	32.14M	11.89M	26.92M	75.07M	105.66M
Interest Income	4.1M	16.16M	61.47M	51.57M	34.9M	26.37M	43.73M	79.16M	106.32M
Interest Expense	449.69K	12.99M	19.01M	13.46M	2.76M	14.48M	16.81M	4.1M	659.22K
Other Income/Expense	2.09M	-1.56M	119.29M	2.15M	3.42B	35.56M	72.63M	129.33M	122.24M
Pretax Income+	186.5M	468.46M	396.01M	487.82M	3.74B	12.31M	-874.51M	55.58M	301.14M
Pretax Margin %	0.43%	0.45%	0.36%	0.34%	1.82%	0%	-0.44%	0.03%	0.37%
Income Tax+	53.01M	119.4M	89.08M	82.96M	369.85M	20.85M	236.7M	93.46M	1.32M
Effective Tax Rate %	0.69%	0.73%	0.76%	0.8%	0.9%	-0.69%	1.27%	-0.68%	1%
Net Income+	128.91M	341.01M	302.69M	390.91M	3.37B	-8.54M	-1.11B	-37.87M	299.82M
Net Margin %	0.3%	0.32%	0.28%	0.27%	1.64%	-0%	-0.56%	-0.02%	0.37%
Net Income Growth %	-	1.65%	-0.11%	0.29%	7.62%	-1%	-129.05%	0.97%	8.92%
Net Income (Continuing)	133.48M	349.06M	306.92M	404.86M	3.37B	-8.54M	-1.11B	-37.87M	299.82M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	15.29M	25.79M	3.59M	13.81M	0	0	0	0	0
EPS (Diluted)+	0.51	1.35	1.08	1.29	11.09	-0.03	-4.05	-0.15	1.29
EPS Growth %	-	1.65%	-0.2%	0.19%	7.6%	-1%	-136.76%	0.96%	9.6%
EPS (Basic)	0.51	1.35	1.09	1.30	11.22	-0.03	-4.05	-0.15	1.44
Diluted Shares Outstanding	252.83M	252.83M	280.87M	303.28M	303.9M	289.89M	274.08M	243.05M	233.03M
Basic Shares Outstanding	252.83M	252.83M	280.87M	303.03M	303.9M	289.89M	274.08M	243.05M	232.41M
Dividend Payout Ratio	-	-	0.09%	0.56%	0.08%	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	302.05M	1.11B	4.75B	5.54B	8.9B	7.61B	5.47B	3.88B	3.46B
Cash & Short-Term Investments	150.99M	865.65M	3.18B	2.6B	5.77B	4.03B	2.32B	1.66B	2.52B
Cash Only	44.99M	803.27M	2.91B	2B	1.43B	1.43B	378.92M	1.02B	1.29B
Short-Term Investments	106M	62.38M	265.87M	597.27M	4.34B	2.6B	1.94B	635.07M	1.23B
Accounts Receivable	139.03M	86.58M	1.22B	1.86B	2.55B	2.47B	1.57B	465.4M	107.14M
Days Sales Outstanding	116.85	30.04	406.61	471.18	452.87	230.19	289.65	99.81	48.61
Inventory	8.5M	72.24M	298.9M	970.99M	9.69M	61.29M	0	0	0
Days Inventory Outstanding	18.25	68.3	251.18	657.21	3.22	7.56	-	-	-
Other Current Assets	9.62M	148.2M	339.07M	103.43M	559.25M	268.89M	1.57B	1.76B	593.27M
Total Non-Current Assets+	412.8M	888.62M	2.55B	3.2B	3.25B	3.34B	1.55B	764.59M	2.51B
Property, Plant & Equipment	3.89M	9.75M	18.29M	14.74M	10.31M	19.55M	95.42M	55.39M	1.82B
Fixed Asset Turnover	111.69x	107.90x	59.69x	97.72x	199.03x	200.64x	20.76x	30.72x	0.44x
Goodwill	0	0	145.06M	145.06M	145.06M	148.66M	148.66M	0	0
Intangible Assets	1.23M	1.7M	1.69M	44.76M	44.89M	45.93M	48.32M	48.37M	47.43M
Long-Term Investments	256.6M	356.66M	293.55M	547.89M	0	1.52B	0	0	0
Other Non-Current Assets	96.2M	452.73M	1.99B	2.34B	2.88B	1.13B	1.19B	660.82M	644.05M
Total Assets+	714.86M	2B	7.3B	8.74B	12.15B	10.95B	7.02B	4.65B	5.97B
Asset Turnover	0.61x	0.53x	0.15x	0.16x	0.17x	0.36x	0.28x	0.37x	0.13x
Asset Growth %	-	1.79%	2.66%	0.2%	0.39%	-0.1%	-0.36%	-0.34%	0.28%
Total Current Liabilities+	286.87M	526.3M	1.57B	2.91B	2.46B	3.42B	2.53B	777.74M	1.83B
Accounts Payable	4.95M	9.36M	16.82M	8.23M	5.09M	4M	25.04M	23.8M	2.15M
Days Payables Outstanding	10.64	8.85	14.14	5.57	1.69	0.49	5	5.74	2.19
Short-Term Debt	0	0	1.13B	2.3B	1.58B	1.52B	914.44M	40M	124.58M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	253.85M	148.95M	366.25M	472.67M	631.93M	1.22B	828.59M	682.09M	1.3B
Current Ratio	1.05x	2.11x	3.04x	1.90x	3.62x	2.23x	2.16x	4.99x	1.88x
Quick Ratio	1.02x	1.97x	2.85x	1.57x	3.62x	2.21x	2.16x	4.99x	1.88x
Cash Conversion Cycle	124.47	89.49	643.65	1.12K	454.4	237.26	-	-	-
Total Non-Current Liabilities+	4.16B	4.15B	480.39M	335.79M	1.31B	538.83M	163.44M	53.89M	47.79M
Long-Term Debt	189.57M	175M	472.79M	301.67M	977.79M	486.37M	75.87M	712.02K	0
Capital Lease Obligations	0	0	0	0	0	0	76.53M	42.23M	37.04M
Deferred Tax Liabilities	0	0	0	12.33M	330.77M	51.47M	10.72M	10.72M	0
Other Non-Current Liabilities	3.97B	3.98B	7.6M	34.13M	4.87M	991.61K	314.29K	226.03K	10.74M
Total Liabilities	4.45B	4.68B	2.05B	3.24B	3.77B	3.96B	2.69B	831.63M	1.88B
Total Debt+	189.57M	175M	1.6B	2.6B	2.56B	2B	1.08B	90.54M	169.54M
Net Debt	144.58M	-628.27M	-1.31B	602.52M	1.14B	569.36M	697.84M	-930.06M	-1.12B
Debt / Equity	-	-	0.30x	0.47x	0.31x	0.29x	0.25x	0.02x	0.04x
Debt / EBITDA	1.02x	0.37x	5.64x	5.25x	7.83x	-	-	-	0.91x
Net Debt / EBITDA	0.78x	-1.33x	-4.62x	1.21x	3.47x	-	-	-	-6.04x
Interest Coverage	410.07x	36.17x	14.56x	36.09x	115.38x	-1.61x	-56.35x	-17.99x	271.37x
Total Equity+	-3.73B	-2.68B	5.26B	5.49B	8.38B	6.99B	4.32B	3.82B	4.09B
Equity Growth %	-	0.28%	2.96%	0.04%	0.53%	-0.17%	-0.38%	-0.12%	0.07%
Book Value per Share	-14.76	-10.61	18.71	18.11	27.56	24.11	15.77	15.70	17.54
Total Shareholders' Equity	-3.75B	-2.71B	5.25B	5.48B	8.38B	6.99B	4.32B	3.82B	4.09B
Common Stock	83.14K	83.14K	204.26K	204.26K	204.26K	204.26K	204.26K	204.26K	199.09K
Retained Earnings	-3.75B	-2.71B	698.04M	852.51M	3.96B	2.99B	9.11M	-335.63M	-35.81M
Treasury Stock	0	0	0	-20.64M	-56.42M	-485.26M	-559.01M	-773.13M	-756.52M
Accumulated OCI	0	-398.7K	109.45M	119.43M	-115.39M	-187.52M	66.36M	111.85M	152.88M
Minority Interest	15.29M	25.79M	3.59M	13.81M	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	83.03M	589.3M	184.79M	422.9M	-621.61M	-404.39M	-567.39M	1.03B	-310.2M
Operating CF Margin %	0.19%	0.56%	0.17%	0.29%	-0.3%	-0.1%	-0.29%	0.6%	-0.39%
Operating CF Growth %	-	6.1%	-0.69%	1.29%	-2.47%	0.35%	-0.4%	2.81%	-1.3%
Net Income	128.91M	341.01M	302.69M	390.91M	3.37B	-8.54M	-1.11B	-37.87M	299.81M
Depreciation & Amortization	1.5M	2.97M	7.19M	10.47M	9.54M	8.51M	17.49M	18.64M	96.08M
Stock-Based Compensation	4.1M	0	33.41M	82.27M	78.75M	87.63M	158.52M	38.49M	17.11M
Deferred Taxes	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	21.18M	-21.83M	-54.47M	20.67M	-2.95B	-150.4M	1B	-85.09M	-1.01B
Working Capital Changes	-72.67M	267.15M	-104.04M	-81.42M	-1.13B	-341.6M	-633.54M	1.09B	286.96M
Change in Receivables	526.48K	-85.13M	-918.62K	-32.98M	-606.68M	-757.44M	608.26M	668.84M	453.57M
Change in Inventory	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0
Cash from Investing+	-272.04M	-162.91M	-1.64B	-1.2B	-493.56M	2.66B	1.96B	2.12B	-1.25B
Capital Expenditures	-2.58M	-9.59M	-14.39M	-43.03M	-5.36M	-18.92M	-4.62M	-1.78M	0
CapEx % of Revenue	0.01%	0.01%	0.01%	0.03%	0%	0%	0%	0%	1.15%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-269.46M	-11.82M	-1.52B	-1.16B	-488.2M	2.68B	1.96B	2.13B	-1.25B
Cash from Financing+	187.15M	685.69M	4.09B	730.55M	-380.82M	-1.95B	-2.99B	-1.19B	-127.38M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-27.06M	-257.11M	-267.21M	-955.44M	-1.87B	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-2.22M	700.26M	3.58B	-574.21K	-17.92M	8.24M	7.04M	2.71M	2.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	80.45M	579.72M	170.4M	379.87M	-626.97M	-423.31M	-572.01M	1.02B	-1.24B
FCF Margin %	0.19%	0.55%	0.16%	0.26%	-0.31%	-0.11%	-0.29%	0.6%	-1.54%
FCF Growth %	-	6.21%	-0.71%	1.23%	-2.65%	0.32%	-0.35%	2.79%	-2.21%
FCF per Share	0.32	2.29	0.61	1.25	-2.06	-1.46	-2.09	4.21	-5.32
FCF Conversion (FCF/Net Income)	0.64x	1.73x	0.61x	1.08x	-0.18x	47.33x	0.51x	-27.09x	-1.03x
Interest Paid	202.99K	13.24M	3.78M	154.59M	139.95M	134.17M	83.13M	17.12M	0
Taxes Paid	0	0	0	0	101.88M	209.04M	33.82M	7.84M	2.65M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	23.52%	7.27%	48.6%	-0.11%	-19.65%	-0.93%	7.59%
Return on Invested Capital (ROIC)	-	-	65.64%	7.26%	3.06%	-0.2%	-11.29%	-1.4%	4.58%
Gross Margin	60.84%	63.31%	60.2%	62.55%	46.5%	24.57%	7.59%	11.17%	55.31%
Net Margin	29.68%	32.41%	27.73%	27.15%	164.17%	-0.22%	-56.11%	-2.23%	37.27%
Debt / Equity	-	-	0.30x	0.47x	0.31x	0.29x	0.25x	0.02x	0.04x
Interest Coverage	410.07x	36.17x	14.56x	36.09x	115.38x	-1.61x	-56.35x	-17.99x	271.37x
FCF Conversion	0.64x	1.73x	0.61x	1.08x	-0.18x	47.33x	0.51x	-27.09x	-1.03x
Revenue Growth	-	142.29%	3.73%	31.95%	42.52%	91.08%	-49.5%	-14.06%	-52.73%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
After-market Service Facilitation Service Income	-	-	241.19M	193.79M	71.46M	65.39M	41.23M
After-market Service Facilitation Service Income Growth	-	-	-	-19.65%	-63.13%	-8.49%	-36.95%
Loan Facilitation Income And Other Related Income	-	-	-	1.23B	146.43M	19.96M	15.78M
Loan Facilitation Income And Other Related Income Growth	-	-	-	-	-88.13%	-86.37%	-20.97%
Automobile trading income	-	-	-	2.23B	1.6B	1.31B	6.29M
Automobile trading income Growth	-	-	-	-	-28.33%	-17.96%	-99.52%
Service, Other	-	-	-	-	-	37.38M	2.25M
Service, Other Growth	-	-	-	-	-	-	-93.99%
Leasing	8.59M	300.08M	286.08M	251.3M	155.52M	-	-
Leasing Growth	-	3391.40%	-4.67%	-12.16%	-38.11%	-	-
Product and Service, Other	106.59M	20.16M	8.55M	15.91M	10.74M	-	-
Product and Service, Other Growth	-	-81.09%	-57.59%	86.07%	-32.49%	-	-
Loan Facilitation	-	913.84M	891.84M	-	-	-	-
Loan Facilitation Growth	-	-	-2.41%	-	-	-	-
Automobile Trading Income	-	-	624.77M	-	-	-	-
Automobile Trading Income Growth	-	-	-	-	-	-	-
Aftermarket Service Facilitation Service Income	-	206M	-	-	-	-	-
Aftermarket Service Facilitation Service Income Growth	-	-	-	-	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
Other Countries	-	-	-	-	-	-	13.84K
Other Countries Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Cango Inc. (CANG) has a price-to-earnings (P/E) ratio of 1.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Cango Inc. (CANG) reported $2.75B in revenue for fiscal year 2024. This represents a 533% increase from $434.3M in 2016.

Cango Inc. (CANG) saw revenue decline by 52.7% over the past year.

Cango Inc. (CANG) reported a net loss of $2.20B for fiscal year 2024.

Dividend & Returns

Cango Inc. (CANG) has a return on equity (ROE) of 7.6%. This is below average, suggesting room for improvement.

Cango Inc. (CANG) had negative free cash flow of $1.24B in fiscal year 2024, likely due to heavy capital investments.