UXIN

Uxin Ltd

TMT


Presented:07/25/2018
Price:$7.61
Cap:$2.15B
Current Price:$5.16
Cap:$0.97B

Presented

Date07/25/2018
Price$7.61
Market Cap$2.15B
Ent ValueN/A
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S282.54M
Ave Daily Vol2,543,936
Short IntN/A

Current

Price$5.16
Market Cap$0.97B
Uxin Ltd. operates an online used car transaction services platform. It offers used car online auction, online retail, and financial derivative services. The company was founded by Dai Kun on August 11, 2011 and is headquartered in Beijing, China.

Publicly traded companies mentioned herein: 58.com Inc (WUBA), CarMax Inc (KMX), Carvana Co (CVNA), Uxin Ltd (UXIN)

Highlights

Uxin (UXIN) came public at the end of June (2018) and its stock has been dragged lower recently due to mounting fears of a trade war with China, said the presenter, who is long at this time. The IPO priced 25 million ADRs at $9 each, below the expected range of $10.50 - $12.50. With a current price of $7.60, the risk/reward appears to be favorable due to the size of the opportunity that exists within China’s growing used car market. While competition can be fierce, only 58.com’s Guazi is in the market today. UXIN’s platforms (and the IP it has amassed building them) are valuable, mispriced assets trading at just 10x 2020 Street EPS estimates. If China’s used car market continues to grow and Uxin maintains its leadership position, there are substantial gains to be had for patient investors.

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