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ICARASIA


Sector: Retail

Industry:

THE ASIAN VERSION OF CARSALES.COM IS WINNING THE BATTLE TO BE THE DOMINANT AUTOMOTIVE DIGITAL MARKET PLACE IN MALAYSIA, THAILAND AND INDONESIA.

iCarAsia has been winning the battle to be the dominant automotive digital market place in Malaysia, Thailand and Indonesia. People use its different websites because they have the biggest audience, whether you are buying a car; or selling a car. It is profitable in Thailand at EBITDA and is close to profitability in Malaysia, and has started charging for its site in Indonesia. The company is some way from being EPS positive yet, so it is highly speculative, but we envisage that when it gets closer, 20.2% holder Carsales.com will jump on it. Carsales has a market cap of $2.3bn.

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  • Radar Rating Unlock
  • Market Cap ($m)* 53.8
  • Dividend Yield (%)* 0
  • NET CASH ($M) 10
  • * Data as of 29 July 2021

Latest Research Summary

ICARASIA: RESEARCH TIP UPDATE MARCH 2018
22 Mar, 2018

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Previous Research

Research Date Radar Rating  
ICARASIA: RESEARCH TIP UPDATE MARCH 2018 22 Mar, 2018 6c4436a8 View Research
ICARASIA: RESEARCH TIP UPDATE - SEPTEMBER 2017 28 Sep, 2017 f77e61af View Research
ICARASIA: RESEARCH TIP UPDATE - JULY 2017 19 Jul, 2017 cdccfa8d View Research
ICAR ASIA: RESEARCH UPDATE - AUGUST 2016 11 Aug, 2016 99319be3 View Research
ICARASIA: RESEARCH UPDATE - AUGUST 2016 04 Aug, 2016 8c0c7d63 View Research
ICARASIA: RESEARCH UPDATE - MAY 2016 25 May, 2016 5ee1f4d8 View Research
ICARASIA: RESEARCH UPDATE - MARCH 2016 08 Mar, 2016 5850e26a View Research
iCarAsia: INITIAL RESEARCH - NOVEMBER 2015 10 Nov, 2015 812f7275 View Research