Intrinsic value of Bitauto Holdings ADR - BITA

Previous Close

$20.48

  Intrinsic Value

$72.68

stock screener

  Rating & Target

str. buy

+255%

Previous close

$20.48

 
Intrinsic value

$72.68

 
Up/down potential

+255%

 
Rating

str. buy

We calculate the intrinsic value of BITA stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  26.80
  24.62
  22.66
  20.89
  19.30
  17.87
  16.59
  15.43
  14.38
  13.45
  12.60
  11.84
  11.16
  10.54
  9.99
  9.49
  9.04
  8.64
  8.27
  7.94
  7.65
  7.39
  7.15
  6.93
  6.74
  6.57
  6.41
  6.27
  6.14
  6.03
Revenue, $m
  1,054
  1,313
  1,611
  1,947
  2,323
  2,738
  3,192
  3,685
  4,215
  4,782
  5,384
  6,022
  6,693
  7,399
  8,138
  8,910
  9,716
  10,555
  11,428
  12,336
  13,279
  14,260
  15,279
  16,338
  17,439
  18,584
  19,775
  21,015
  22,305
  23,650
Variable operating expenses, $m
  711
  876
  1,066
  1,280
  1,519
  1,784
  2,073
  2,386
  2,724
  3,085
  3,428
  3,834
  4,262
  4,711
  5,182
  5,674
  6,186
  6,721
  7,277
  7,855
  8,456
  9,080
  9,729
  10,403
  11,104
  11,833
  12,592
  13,381
  14,203
  15,059
Fixed operating expenses, $m
  290
  297
  303
  310
  317
  324
  331
  338
  345
  353
  361
  369
  377
  385
  394
  402
  411
  420
  429
  439
  449
  458
  468
  479
  489
  500
  511
  522
  534
  546
Total operating expenses, $m
  1,001
  1,173
  1,369
  1,590
  1,836
  2,108
  2,404
  2,724
  3,069
  3,438
  3,789
  4,203
  4,639
  5,096
  5,576
  6,076
  6,597
  7,141
  7,706
  8,294
  8,905
  9,538
  10,197
  10,882
  11,593
  12,333
  13,103
  13,903
  14,737
  15,605
Operating income, $m
  52
  140
  242
  357
  487
  631
  789
  960
  1,146
  1,344
  1,595
  1,819
  2,055
  2,303
  2,563
  2,834
  3,118
  3,414
  3,722
  4,042
  4,375
  4,722
  5,082
  5,456
  5,846
  6,251
  6,672
  7,111
  7,569
  8,045
EBITDA, $m
  151
  253
  371
  505
  656
  822
  1,005
  1,204
  1,419
  1,648
  1,893
  2,152
  2,425
  2,712
  3,013
  3,327
  3,655
  3,998
  4,354
  4,724
  5,110
  5,510
  5,927
  6,360
  6,810
  7,278
  7,766
  8,274
  8,802
  9,353
Interest expense (income), $m
  19
  98
  140
  189
  244
  308
  378
  456
  542
  634
  734
  841
  954
  1,074
  1,200
  1,333
  1,472
  1,617
  1,768
  1,926
  2,090
  2,261
  2,438
  2,623
  2,814
  3,014
  3,221
  3,436
  3,660
  3,893
  4,135
Earnings before tax, $m
  -46
  1
  53
  113
  179
  253
  332
  419
  511
  610
  754
  865
  981
  1,102
  1,230
  1,363
  1,501
  1,645
  1,796
  1,952
  2,114
  2,283
  2,459
  2,642
  2,832
  3,030
  3,237
  3,452
  3,676
  3,910
Tax expense, $m
  0
  0
  14
  30
  48
  68
  90
  113
  138
  165
  204
  233
  265
  298
  332
  368
  405
  444
  485
  527
  571
  616
  664
  713
  765
  818
  874
  932
  992
  1,056
Net income, $m
  -46
  0
  39
  82
  131
  184
  243
  306
  373
  445
  551
  631
  716
  805
  898
  995
  1,096
  1,201
  1,311
  1,425
  1,543
  1,667
  1,795
  1,928
  2,067
  2,212
  2,363
  2,520
  2,683
  2,854

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  5,460
  6,804
  8,345
  10,089
  12,036
  14,188
  16,541
  19,092
  21,839
  24,775
  27,897
  31,200
  34,681
  38,337
  42,166
  46,167
  50,340
  54,687
  59,211
  63,915
  68,805
  73,887
  79,167
  84,655
  90,360
  96,292
  102,463
  108,885
  115,571
  122,537
Adjusted assets (=assets-cash), $m
  5,460
  6,804
  8,345
  10,089
  12,036
  14,188
  16,541
  19,092
  21,839
  24,775
  27,897
  31,200
  34,681
  38,337
  42,166
  46,167
  50,340
  54,687
  59,211
  63,915
  68,805
  73,887
  79,167
  84,655
  90,360
  96,292
  102,463
  108,885
  115,571
  122,537
Revenue / Adjusted assets
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
  0.193
Average production assets, $m
  583
  726
  891
  1,077
  1,285
  1,514
  1,765
  2,038
  2,331
  2,644
  2,977
  3,330
  3,702
  4,092
  4,500
  4,927
  5,373
  5,837
  6,320
  6,822
  7,343
  7,886
  8,449
  9,035
  9,644
  10,277
  10,936
  11,621
  12,335
  13,078
Working capital, $m
  -600
  -747
  -916
  -1,108
  -1,322
  -1,558
  -1,816
  -2,097
  -2,398
  -2,721
  -3,064
  -3,426
  -3,809
  -4,210
  -4,631
  -5,070
  -5,528
  -6,006
  -6,502
  -7,019
  -7,556
  -8,114
  -8,694
  -9,297
  -9,923
  -10,575
  -11,252
  -11,957
  -12,692
  -13,457
Total debt, $m
  2,588
  3,491
  4,527
  5,699
  7,008
  8,453
  10,035
  11,749
  13,595
  15,568
  17,666
  19,886
  22,225
  24,682
  27,255
  29,943
  32,748
  35,669
  38,709
  41,870
  45,156
  48,571
  52,120
  55,807
  59,641
  63,628
  67,774
  72,090
  76,583
  81,264
Total liabilities, $m
  3,669
  4,572
  5,608
  6,780
  8,088
  9,534
  11,115
  12,830
  14,676
  16,649
  18,747
  20,967
  23,306
  25,763
  28,336
  31,024
  33,829
  36,750
  39,790
  42,951
  46,237
  49,652
  53,200
  56,888
  60,722
  64,708
  68,855
  73,171
  77,664
  82,345
Total equity, $m
  1,791
  2,232
  2,737
  3,309
  3,948
  4,654
  5,425
  6,262
  7,163
  8,126
  9,150
  10,234
  11,375
  12,575
  13,830
  15,143
  16,512
  17,937
  19,421
  20,964
  22,568
  24,235
  25,967
  27,767
  29,638
  31,584
  33,608
  35,714
  37,907
  40,192
Total liabilities and equity, $m
  5,460
  6,804
  8,345
  10,089
  12,036
  14,188
  16,540
  19,092
  21,839
  24,775
  27,897
  31,201
  34,681
  38,338
  42,166
  46,167
  50,341
  54,687
  59,211
  63,915
  68,805
  73,887
  79,167
  84,655
  90,360
  96,292
  102,463
  108,885
  115,571
  122,537
Debt-to-equity ratio
  1.450
  1.560
  1.650
  1.720
  1.780
  1.820
  1.850
  1.880
  1.900
  1.920
  1.930
  1.940
  1.950
  1.960
  1.970
  1.980
  1.980
  1.990
  1.990
  2.000
  2.000
  2.000
  2.010
  2.010
  2.010
  2.010
  2.020
  2.020
  2.020
  2.020
Adjusted equity ratio
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328
  0.328

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -46
  0
  39
  82
  131
  184
  243
  306
  373
  445
  551
  631
  716
  805
  898
  995
  1,096
  1,201
  1,311
  1,425
  1,543
  1,667
  1,795
  1,928
  2,067
  2,212
  2,363
  2,520
  2,683
  2,854
Depreciation, amort., depletion, $m
  98
  113
  129
  148
  169
  192
  217
  244
  273
  305
  298
  333
  370
  409
  450
  493
  537
  584
  632
  682
  734
  789
  845
  904
  964
  1,028
  1,094
  1,162
  1,233
  1,308
Funds from operations, $m
  53
  113
  168
  230
  299
  376
  459
  549
  646
  750
  848
  964
  1,086
  1,214
  1,348
  1,487
  1,633
  1,785
  1,943
  2,107
  2,278
  2,455
  2,640
  2,832
  3,032
  3,240
  3,456
  3,682
  3,917
  4,162
Change in working capital, $m
  -127
  -148
  -169
  -191
  -214
  -236
  -258
  -280
  -302
  -322
  -343
  -363
  -382
  -401
  -420
  -439
  -458
  -477
  -497
  -517
  -537
  -558
  -580
  -603
  -626
  -651
  -678
  -705
  -734
  -765
Cash from operations, $m
  179
  261
  337
  422
  513
  612
  718
  830
  948
  1,072
  1,191
  1,327
  1,468
  1,615
  1,768
  1,927
  2,091
  2,262
  2,440
  2,624
  2,815
  3,013
  3,220
  3,435
  3,658
  3,891
  4,134
  4,387
  4,651
  4,927
Maintenance CAPEX, $m
  -46
  -58
  -73
  -89
  -108
  -128
  -151
  -177
  -204
  -233
  -264
  -298
  -333
  -370
  -409
  -450
  -493
  -537
  -584
  -632
  -682
  -734
  -789
  -845
  -904
  -964
  -1,028
  -1,094
  -1,162
  -1,233
New CAPEX, $m
  -123
  -143
  -165
  -186
  -208
  -230
  -251
  -272
  -293
  -313
  -333
  -353
  -372
  -390
  -409
  -427
  -445
  -464
  -483
  -502
  -522
  -542
  -564
  -586
  -609
  -633
  -659
  -685
  -714
  -743
Cash from investing activities, $m
  -169
  -201
  -238
  -275
  -316
  -358
  -402
  -449
  -497
  -546
  -597
  -651
  -705
  -760
  -818
  -877
  -938
  -1,001
  -1,067
  -1,134
  -1,204
  -1,276
  -1,353
  -1,431
  -1,513
  -1,597
  -1,687
  -1,779
  -1,876
  -1,976
Free cash flow, $m
  10
  59
  100
  147
  198
  254
  315
  381
  451
  526
  594
  677
  764
  855
  950
  1,050
  1,153
  1,261
  1,373
  1,490
  1,611
  1,737
  1,868
  2,004
  2,146
  2,294
  2,448
  2,608
  2,775
  2,950
Issuance/(repayment) of debt, $m
  773
  903
  1,036
  1,172
  1,309
  1,446
  1,581
  1,715
  1,846
  1,973
  2,098
  2,220
  2,339
  2,457
  2,573
  2,689
  2,804
  2,921
  3,040
  3,161
  3,286
  3,415
  3,549
  3,688
  3,834
  3,986
  4,147
  4,316
  4,493
  4,681
Issuance/(repurchase) of shares, $m
  422
  441
  467
  489
  508
  521
  529
  531
  528
  518
  473
  452
  426
  394
  358
  318
  273
  225
  173
  118
  60
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,195
  1,344
  1,503
  1,661
  1,817
  1,967
  2,110
  2,246
  2,374
  2,491
  2,571
  2,672
  2,765
  2,851
  2,931
  3,007
  3,077
  3,146
  3,213
  3,279
  3,346
  3,415
  3,549
  3,688
  3,834
  3,986
  4,147
  4,316
  4,493
  4,681
Total cash flow (excl. dividends), $m
  1,205
  1,403
  1,603
  1,808
  2,014
  2,221
  2,426
  2,627
  2,824
  3,017
  3,165
  3,349
  3,529
  3,706
  3,881
  4,056
  4,231
  4,407
  4,586
  4,769
  4,957
  5,151
  5,416
  5,692
  5,980
  6,280
  6,594
  6,924
  7,269
  7,631
Retained Cash Flow (-), $m
  -422
  -441
  -506
  -572
  -639
  -706
  -772
  -837
  -901
  -963
  -1,024
  -1,083
  -1,142
  -1,199
  -1,256
  -1,312
  -1,369
  -1,426
  -1,484
  -1,543
  -1,604
  -1,667
  -1,732
  -1,800
  -1,871
  -1,946
  -2,024
  -2,106
  -2,193
  -2,285
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  11
  14
  17
  21
  25
  30
  36
  42
  48
  55
  62
  70
  78
  87
  96
  106
  116
  126
  137
  149
  160
  173
  185
  199
  212
  227
  242
  257
  273
  290
Cash available for distribution, $m
  783
  962
  1,097
  1,236
  1,376
  1,515
  1,654
  1,790
  1,923
  2,054
  2,141
  2,265
  2,387
  2,507
  2,626
  2,744
  2,862
  2,981
  3,102
  3,226
  3,353
  3,485
  3,684
  3,892
  4,108
  4,334
  4,570
  4,817
  5,076
  5,346
Discount rate, %
  5.30
  5.57
  5.84
  6.14
  6.44
  6.76
  7.10
  7.46
  7.83
  8.22
  8.63
  9.06
  9.52
  9.99
  10.49
  11.02
  11.57
  12.15
  12.76
  13.39
  14.06
  14.77
  15.50
  16.28
  17.09
  17.95
  18.85
  19.79
  20.78
  21.82
PV of cash for distribution, $m
  744
  863
  925
  974
  1,007
  1,023
  1,023
  1,007
  976
  932
  861
  800
  732
  661
  588
  515
  445
  379
  317
  261
  212
  168
  134
  104
  80
  59
  43
  31
  21
  14
Current shareholders' claim on cash, %
  75.9
  60.2
  49.2
  41.4
  35.6
  31.2
  27.8
  25.2
  23.1
  21.5
  20.2
  19.2
  18.4
  17.8
  17.2
  16.8
  16.5
  16.3
  16.1
  16.0
  16.0
  16.0
  16.0
  16.0
  16.0
  16.0
  16.0
  16.0
  16.0
  16.0

Bitauto Holdings Limited is a provider of Internet content and marketing services for China's automotive industry. The Company's bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback. The Company operates through three segments: advertising business, EP platform business and digital marketing solutions business. The advertising business offers a range of advertising services mainly to automakers through its Websites, as well as mobile applications. The EP platform business provides Web-based and mobile-based integrated digital marketing solutions to automobile customers in China. The digital marketing solutions business provides automakers with digital marketing solutions, including Website creation and maintenance, online public relations, online marketing campaigns and advertising agent services.

FINANCIAL RATIOS  of  Bitauto Holdings ADR (BITA)

Valuation Ratios
P/E Ratio -18.2
Price to Sales 1.7
Price to Book 1
Price to Tangible Book
Price to Cash Flow 18.7
Price to Free Cash Flow -118.5
Growth Rates
Sales Growth Rate 35.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 158.8%
Cap. Spend. - 3 Yr. Gr. Rate 77.5%
Financial Strength
Quick Ratio 0
Current Ratio 0.5
LT Debt to Equity 42.7%
Total Debt to Equity 132.1%
Interest Coverage 0
Management Effectiveness
Return On Assets -1.4%
Ret/ On Assets - 3 Yr. Avg. 3.9%
Return On Total Capital -3.5%
Ret/ On T. Cap. - 3 Yr. Avg. 4.8%
Return On Equity -6%
Return On Equity - 3 Yr. Avg. 3.9%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 64.1%
Gross Margin - 3 Yr. Avg. 68.2%
EBITDA Margin 10.9%
EBITDA Margin - 3 Yr. Avg. 15%
Operating Margin -1.9%
Oper. Margin - 3 Yr. Avg. 2.5%
Pre-Tax Margin -3.4%
Pre-Tax Margin - 3 Yr. Avg. 3.9%
Net Profit Margin -9.3%
Net Profit Margin - 3 Yr. Avg. -0.9%
Effective Tax Rate -75%
Eff/ Tax Rate - 3 Yr. Avg. -26.8%
Payout Ratio 0%

BITA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BITA stock intrinsic value calculation we used $831 million for the last fiscal year's total revenue generated by Bitauto Holdings ADR. The default revenue input number comes from 2016 income statement of Bitauto Holdings ADR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our BITA stock valuation model: a) initial revenue growth rate of 26.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.3%, whose default value for BITA is calculated based on our internal credit rating of Bitauto Holdings ADR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Bitauto Holdings ADR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of BITA stock the variable cost ratio is equal to 68.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $284 million in the base year in the intrinsic value calculation for BITA stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Bitauto Holdings ADR.

Corporate tax rate of 27% is the nominal tax rate for Bitauto Holdings ADR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the BITA stock is equal to 1.3%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for BITA are equal to 55.3%.

Life of production assets of 10 years is the average useful life of capital assets used in Bitauto Holdings ADR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for BITA is equal to -56.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1414 million for Bitauto Holdings ADR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 65 million for Bitauto Holdings ADR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Bitauto Holdings ADR at the current share price and the inputted number of shares is $1.3 billion.

RELATED COMPANIES Price Int.Val. Rating
ATHM Autohome ADR 79.34 600.61  str.buy
SINA Sina 70.19 49.11  str.sell
BIDU Baidu ADR 216.21 4,789.05  str.buy
SOHU Sohu.com 22.66 15.39  str.sell
WB Weibo ADR 75.59 99.41  hold
JD JD.com ADR 33.87 84.32  str.buy

COMPANY NEWS

▶ 3 High-Growth Stocks That Could Soar   [Jul-23-18 02:03PM  Motley Fool]
▶ Should Investors Give BitAuto a Chance?   [Jun-22-18 04:14PM  Motley Fool]
▶ Why BitAuto Holdings Stock Plunged Today   [Jun-14-18 03:10PM  Motley Fool]
▶ Why Shares of BitAuto Holdings Are Surging Today   [Jun-13-18 01:50PM  Motley Fool]
▶ Bitauto Holdngs: 1Q Earnings Snapshot   [07:31AM  Associated Press]
▶ 3 Monster Stocks in the Making   [Jun-09-18 10:47AM  Motley Fool]
▶ 5 Market-Beating Stocks for Low-Risk Investors   [Jun-07-18 09:54AM  InvestorPlace]
▶ At $21.31, Is Bitauto Holdings Limited (NYSE:BITA) A Buy?   [May-09-18 11:07AM  Simply Wall St.]
▶ 3 Top Stocks Wall Street Is Overlooking   [May-02-18 08:18PM  Motley Fool]
▶ Bitauto Files Annual Report on Form 20-F   [Apr-30-18 06:00AM  PR Newswire]
▶ Why Bitauto Holdings Limited Stock Lost 25.5% in March   [Apr-13-18 11:49AM  Motley Fool]
▶ 3 Reasons Why I Bought Bitauto Stock Last Month   [Apr-08-18 01:00PM  Motley Fool]
▶ Why Bitauto Holdings Ltd. Shares Fell 14% Today   [Mar-15-18 11:56AM  Motley Fool]
▶ Bitauto Holdngs reports 4Q loss   [06:49AM  Associated Press]
▶ Bitauto Announces Changes to Board of Directors   [Jan-26-18 05:00AM  PR Newswire]
▶ IBD Rating Upgrades: BitAuto Flashes Improved Price Strength   [Jan-17-18 03:00AM  Investor's Business Daily]
▶ BitAuto Trying To Close In On Key Technical Measure   [03:00AM  Investor's Business Daily]
▶ Why Bitauto Holdings Limted Stock Gained 67.9% in 2017   [Jan-09-18 05:27PM  Motley Fool]
▶ 5 Chinese Growth Stocks to Buy in 2018   [Jan-08-18 09:34PM  Motley Fool]
▶ 5 Top Small-Cap Stocks to Buy in 2018   [07:03AM  Motley Fool]
▶ IBD Rating Upgrades: BitAuto Shows Improved Relative Price Strength   [Jan-04-18 03:00AM  Investor's Business Daily]
▶ A Chinese Growth Stock No One Is Paying Attention To   [Nov-26-17 11:00AM  Motley Fool]
▶ 3 Top Stocks Wall Street Is Overlooking   [Nov-25-17 08:00AM  Motley Fool]
▶ 5 Monster Stocks in the Making to Buy for 2018   [Nov-24-17 08:02AM  Motley Fool]
▶ BitAuto Third-Quarter Results Beat On Revenue, Miss On Earnings   [Nov-20-17 05:31PM  Investor's Business Daily]
▶ Bitauto Holdngs reports 3Q loss   [06:27AM  Associated Press]
▶ Autohome Crashes As Company Announces Management Shake-Up   [Sep-28-17 04:45PM  Investor's Business Daily]
▶ China Stocks Battered As Profit-Taking Kicks In After Long Run-Up   [Aug-28-17 04:31PM  Investor's Business Daily]
▶ Bitauto Holdngs reports 2Q loss   [Aug-15-17 10:18PM  Associated Press]
▶ BitAuto Beats Expectations But Stock Slips   [06:25AM  Investor's Business Daily]
▶ These Hot China-Based Stocks Are Trading At Or Near New All-Time Highs   [Aug-07-17 11:22AM  Investor's Business Daily]
▶ Best Chinese Stocks To Buy And Watch   [Jun-20-17 04:41PM  Investor's Business Daily]
▶ Which Stocks Are Showing Rising Relative Strength?   [04:27PM  Investor's Business Daily]
▶ 3 Stocks Wall Street Hasn't Noticed   [Jun-17-17 07:32AM  Motley Fool]
▶ 3 Mid-Cap Stocks for June   [Jun-15-17 09:04AM  Motley Fool]
▶ My Top Stock to Buy in June   [Jun-03-17 10:49AM  Motley Fool]
▶ IPO Stock News And Analysis: Find Today's Top New Issues   [04:27PM  Investor's Business Daily]
▶ Earnings Calendar, Analyst Estimates And Stocks To Watch   [09:05AM  Investor's Business Daily]
▶ Bitauto Holdngs reports 1Q loss   [07:16AM  Associated Press]
▶ Forget Snap's Bust, Watch These Tech Unicorns: Investing Action Plan   [May-10-17 05:07PM  Investor's Business Daily]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.