OPM-Bank |
Company Profile
Gorky Automobile Plant (GAZ)
Symbol |
GAZA |
No. Employees |
107,500 |
Industry |
Auto manufacturing |
Common Shares |
4,470,500 |
Main Location |
Nizhny Novgorod |
Preferred Shares |
1,453,500 |
General Summary
GAZ is widely considered to be Russia's most successful car and truck manufacturer. Its price increased by almost 400% in the first half of 1997 and now represents the highest market capitalization in the automotive industry. GAZ could benefit from the new restrictions that force Russian government officials to drive domestically produced cars.
INCOME STATEMENT SUMMARY (in $ million)
|
1994 |
1995 |
1996 |
Revenues |
950.0 |
1,390.0 |
1,860.0 |
EBIT |
230.8 |
315.4 |
149.0 |
Net Income |
153.1 |
248.6 |
112.2 |
BALANCE SHEET SUMMARY (in $ million)
|
12/31/94 |
12/31/95 |
12/31/96 |
Total Assets |
753.8 |
1,932.4 |
3,813.1 |
Current Assets |
335.9 |
479.2 |
594.5 |
Acct. Receivable |
70.4 |
45.4 |
128.0 |
Inventory |
150.3 |
276.4 |
400.0 |
Total Liabilities |
263.3 |
373.1 |
543.4 |
Cur. Liabilities |
259.7 |
342.3 |
449.8 |
Acct. Payable |
181.8 |
280.1 |
396.8 |
Long Term Debt |
3.6 |
30.7 |
33.5 |
Shareholder's Equity |
472.5 |
1559.3 |
3,269.7 |
VALUES
Common Price |
5 |
17 |
22 |
Mkt. Capitalization |
22,350,000 |
80,000,000 |
98,400,000 |
YEAR ENDING RATIOS
PRICING FACTORS
|
1994 |
1995 |
1996 |
Earnings per Share |
34.25 |
55.61 |
25.10 |
EPS Growth Rate |
|
0.62 |
-0.55 |
Price / Earnings |
0.15 |
0.31 |
0.90 |
PROFITABILITY INDICATORS
|
1994 |
1995 |
1996 |
Pretax Profit Marg |
0.24 |
0.23 |
0.08 |
Return on Capital |
6.85 |
11.12 |
1.48 |
Return on SE |
0.32 |
0.16 |
0.03 |
FINANCIAL CONDITIONS
|
1994 |
1995 |
1996 |
Current Ratio |
1.29 |
1.40 |
1.32 |
Acid Test |
0.71 |
0.59 |
0.43 |
Working Capital $ml. |
76 |
137 |
145 |
Acct. Rec. / Revenue |
0.07 |
0.03 |
0.07 |
Acct. Rec. / Acct. Pay |
0.39 |
0.16 |
0.32 |
DEBT FINANCING
|
1994 |
1995 |
1996 |
Long Term Debt / Capitalization |
.16 |
.40 |
.34 |
(HOME) - (QUOTES) - (WEEKLY ANALYSIS) - (RESEARCH) - (CONTACT US)