خبهمن

The following results have been obtained by analyzing the financial data of four main symbols of the automobile industry, namely **Iran Khodro (Khodro)**, **Saipa (Khasapa)**, **Bahman Group (Khabhman)** and **Rena Investment (Verna)**. ### **Comprehensive comparison table of financial ratios at the end of 1403** | Financial ratio Khodro (Iran Khodro). Khasapa (Saipa) | Khabahman (Bahman group) | Verna (Rena Investment) | Analysis | :--- | :--- | :--- | :--- | :--- | :--- | | **P/E (Price to Earnings)** | Unspecified (harmful) | Unspecified (harmful) | **3.67 (excellent)** | 15.61 (average) | **Well**, with the lowest P/E, it has the best yield against the share price. | | **P/S (Price to sell)** | 0.35 (bottom) | 0.53 (bottom) | **3.51 (high)** | 13.15 (very high) | **Khabhman** and **Verna** have a higher market value than their sales, which indicates a higher profit margin. | | **P/B (Price to Book Value)** | 0.86 (suitable) | **0.58 (very low)** | 0.87 (suitable) | 2.14 (above) | **Khasapa** is trading at the lowest P/B, below the intrinsic value of its assets. | | **net profit margin** | 0% (damaging) | 0% (damaging) | **95.6% (excellent)** | 80.2% (excellent) | **Khabhman** and **Verna** have very high profitability, while the two big car makers are making losses. | --- ### **final analysis and conclusion** 1. **Profitability (winner: Khabahman)** **Iran Khodro and Saipa:** Both companies were loss making in 1403 and their net profit margin is zero or negative. This greatly increases the risk of investing in these two symbols. * **Bahman Group (Khabhman):** With a stunning net profit margin of **95.6%**, it is the most profitable company in this group. This means that the company has generated more than 95 tomans of net profit for every 100 tomans of sales. **Rena Investment (Verna):** This company has also performed very strongly with a profit margin of **80.2%**, but it is slightly lower than Bahman Group. 2. **Evaluation (winner: Khabahman)** **P/E** ratio is the most important measure to evaluate the share price compared to its profitability. **Well**, with a P/E of only **3.67**, that means its return on investment through profitability is much faster than Verna's (with a P/E above 15). Iran Khodro and Saipa do not have calculable P/E due to their losses. * In terms of **P/B** ratio, **Khasapa** is in the cheapest position and is trading below its book value. But this cheapness is due to the company's poor financial performance and is not necessarily an advantage. ### **Final summary: Which is the best symbol?** Based on the comprehensive analysis of profitability and valuation, "Khabhman" symbol (Bahman Group) is by far the best and most attractive symbol in the automobile industry. **The key reasons for the superiority of Khabham:** * **Extraordinary profitability:** The highest net profit margin among competitors. * **Attractive Valuation:** Very low P/E ratio which indicates that the share price is cheap compared to the earnings it generates. * **Stable performance:** Unlike the two major car manufacturers who are facing accumulated losses and production challenges, Bahman Group has shown a very stable financial performance. On the other hand, **Khodro** and **Khasapa**, despite their size and high market share, are risky options due to losses. **Verna** is also considered more expensive than Khabahman despite being profitable. **Suggestion for the next step:** For a more detailed analysis, I suggest checking the monthly sales trend of "Khabhman" to see if its profitable growth has continued in recent months. do you agree

--- ## 📊 **Analysis of debt changes of Khabaman company in 1404** According to the official financial data, the changes in the debts of Khabahman company in the first half of 1404 are as follows: --- ### 📈 **Summary of debt changes:** | Index | The first 3 months 6 months Absolute change Percentage change |------|----------|--------|-----------|-----------| | **sum of total debts** | 7,548 billion | 18,628 billion | +11,080 billion | **+146.8%** 🔴 | | **current liabilities** | 6,938 billion 18,042 billion | +11,104 billion | **+160.1%** 🔴 | | **non-current debts** | 610 billion 586 billion -24 billion **-3.9%** ✅ | --- ### 🔍 **Detailed analysis:** **🔴 sharp increase in total debts:** - The total debts of the company increased from **7.5 trillion** Rials in the first 3 months to **18.6 trillion** Rials in 6 months. - This is equivalent to an increase of **147%** - a very high figure **🔴 Sum of current debts (short-term) - the most dangerous indicator:** - Current liabilities have increased **160%** - This includes: - Accounts and payable documents - Received short-term facilities - Taxes and salaries payable - Dividends payable ** ✅ Non-current debts (long-term) - relatively stable:** - Only **3.9%** reduction in long-term debt - This shows that the problem is more in short-term debts --- ### ⚠️ **Warning notes:** 1. **Dramatic Change**: 147% increase in six months is a dangerous alert 2. **source of debt**: the majority of the increase comes from current (short-term) debts 3. **Liquidity pressure**: The company is facing significant liquidity pressure in the second half of 2014 --- 💡 **next suggestion:** Do you want to see the **comparison of income and profitability** of the company in the same period to see if the increase in debt is associated with the growth of income? Or **debt-to-equity ratio analysis** to assess financial risk?

The net profit of Khabaman Company has experienced a significant upward trend in the last three years. By checking the annual data (up to March 29), it can be seen that: * **Fiscal year 1400:** The net profit of the company was 8,216,897 units. * **Fiscal year 1401:** Net profit has increased to 19,318,329 units. **Fiscal year 1402:** It has grown significantly and reached 62,337,340 units. **Fiscal Year 1403:** This upward trend has continued and the net profit has reached 68,771,182 units. In general, Khabaman's net profit increased steadily from 1400 to 1403, indicating the improvement of the company's financial performance during this period. However, in the interim reports of 1403, the company had a loss in the first quarter and first six months, which was compensated in the rest of the year and led to a significant profit at the end of the year. The profit of the first quarter of 1404 was also reported as 764,746 units.

The Firouz Wave Leverage Fund bought 12,000 million shares on 14/03/12 and currently holds 1.12 % of the Kabaman's shares in its joint portfolio.

Moj Firouz's leveraged equity investment fund bought 3.200 million shares of Khabahman on 02/14/1404 and currently has 1.112% of Khabahman's shares in its stock portfolio.

Moj Firouz leveraged equity investment fund bought 4.000 million shares of Khabahman on 02/09/1404 and currently has 1.109% of Khabahman shares in its stock portfolio.

Moj Firouz leveraged equity investment fund bought 16.000 million shares of Khabahman on 02/08/1404 and currently has 1.106% of Khabahman shares in its stock portfolio.

Moj Firouz leveraged equity investment fund bought 54.000 million shares of Khabahman on 02/06/1404 and currently has 1.094% of Khabahman's shares in its stock portfolio.

Moj Firouz's leveraged equity investment fund bought 47.801 million shares of Khabahman on 02/03/1404 and currently has 1.054% of Khabahman's shares in its stock portfolio.

صندوق سرمایه‌گذاری سهامی اهرمی موج فیروز، 10.400 میلیون سهم خبهمن را در تاریخ ۲۶ فروردین ۱۴۰۴ خریداری کرد و در حال حاضر 1.019 درصد از سهام خبهمن را در سبد سهام خود نگهداری می‌کند.