Cango
Cango is a automotive transaction service platform in China connecting dealers, financial institutions, car buyers.
Launch date
Employees
Market cap
€145m
Enterprise valuation
(€319m) (Public information from Sep 2024)
Share price
$1.58 CANG
Shanghai Shanghai (HQ & founding location)
Financials
Estimates*
| CNY | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 1.2b | 1.4b | 2.1b | 3.9b | 2.0b | 1.7b | 6.0b |
| % growth | 6 % | 20 % | 43 % | 91 % | (50 %) | (14 %) | 250 % |
| EBITDA | 464m | 496m | 439m | 62.4m | (854m) | 202m | - |
| % EBITDA margin | 39 % | 34 % | 21 % | 2 % | (43 %) | 12 % | - |
| Profit | 333m | 391m | 3.4b | (8.5m) | (1.1b) | (37.9m) | - |
| % profit margin | 28 % | 27 % | 164 % | - | (56 %) | (2 %) | - |
| EV / revenue | 5.6x | 6.7x | 1.8x | 0.2x | - | -0.3x | - |
| EV / EBITDA | 14.4x | 19.4x | 8.4x | 14.1x | -0.0x | -2.9x | - |
| R&D budget | 51.4m | 57.4m | 62.6m | 70.3m | 46.0m | 30.1m | - |
| R&D % of revenue | 4 % | 4 % | 3 % | 2 % | 2 % | 2 % | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| N/A | $44.0m Valuation: $1.8b 11.5x EV/LTM Revenues 25.1x EV/LTM EBITDA | IPO | |
N/A | Seed | ||
| Total Funding | - | ||
