TheScreener - GB Auto (AUTO) Increased risk weighs on GB AUTO, penalising its rating down to Slightly Negative

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Increased risk weighs on GB AUTO, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of GB AUTO (EG), active in the Automobiles industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date March 29, 2022, the closing price was EGP 4.00 and its target price was estimated at EGP 3.80.

30/03/2022 1 EN

Underlying

GB Auto

GB Auto is a player in the MENA region's automotive industry. Co. operates at all levels of the value chain, including assembling, distributing and selling passenger cars and commercial vehicles, manufacturing semi-trailers and superstructures for trucks and buses, selling automotive components, motorcycles and three-wheelers, tires, and construction equipment, as well as providing after-sales service through an aftersales service network and consumer finance and microfinancing. Co. also provides private freight transport services in governorates throughout Egypt. Co.'s operations can be divided into two segments: Passenger Cars, and Commercial Vehicles and Construction Equipment.

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EGS673T1C012 Egyptian Exchange Egypt

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TheScreener

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Increased risk weighs on GB AUTO, penalising its rating down to Slightly Negative

Empowering Investors

GB Auto: 1Q23 | Another bleeder for the auto business; Capital continues the domination

GB Auto: 4Q22 | Capital Dominates The Picture While Auto Takes The Back Seat

AUTO | Management Meeting Key Takeaways

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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