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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Combined Motor Holdings's retained earnings for the quarter that ended in Feb. 2026 was R1,417 Mil.
Combined Motor Holdings's quarterly retained earnings
increased
from Feb. 2025 (R1,363 Mil) to Aug. 2025 (R1,380 Mil) and
increased
from Aug. 2025 (R1,380 Mil) to Feb. 2026 (R1,417 Mil).
Combined Motor Holdings's annual retained earnings
increased
from Feb. 2024 (R1,319 Mil) to Feb. 2025 (R1,363 Mil) and
increased
from Feb. 2025 (R1,363 Mil) to Feb. 2026 (R1,417 Mil).
Combined Motor Holdings (JSE:CMH) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Combined Motor Holdings Retained Earnings Historical Data
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The historical data trend for Combined Motor Holdings's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Combined Motor Holdings Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Combined Motor Holdings (JSE:CMH) has a Retained Earnings of R1,417 Mil as of Feb. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Combined Motor Holdings and its competitors.
Is Combined Motor Holdings' Retained Earnings too high?
Combined Motor Holdings' current Retained Earnings is R1,417 Mil. Overall, Combined Motor Holdings has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Combined Motor Holdings' Retained Earnings compare to CVNA and PAG?
Combined Motor Holdings' Retained Earnings of R1,417 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Vehicles & Parts company?
A good Retained Earnings depends on the Vehicles & Parts industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Combined Motor Holdings and its competitors. Combined Motor Holdings's current Retained Earnings is R1,417 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Motor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Combined Motor Holdings (JSE:CMH) is currently considered Fairly Valued. The stock's GF Value™ is R39.00, compared to a current price of R41.40 — trading 6.2% above its estimated fair value. The current Retained Earnings is R1,417 Mil. Combined Motor Holdings' overall GF Score™ is 92/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Combined Motor Holdings (JSE:CMH), the current Retained Earnings is R1,417 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Combined Motor Holdings (JSE:CMH) Overvalued in 2026?
Based on GuruFocus' analysis, Combined Motor Holdings stock appears to be overvalued.
The current stock price of R41.40 is trading 6.2% above its estimated GF Value™ of R39.00.
GuruFocus considers Combined Motor Holdings to be Fairly Valued.
Key valuation signals for JSE:CMH:
Retained Earnings: R1,417 Mil
GF Value™: R39.00 vs. price of R41.40 (6.2% above fair value)
No single metric tells the full story. See the JSE:CMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Combined Motor Holdings Ltd is a South Africa-based investment holding company engaged in motor retail and distribution, car hire, and financial services. The Company operates through four business segments: Motor Retail and Distribution, which generates maximum revenue and covers passenger, light commercial, and heavy commercial vehicles in both the volume and luxury categories; Car Hire, which offers a range of well-maintained vehicles for short- and long-term hire; Financial Services, which provides insurance underwriting facilities for products sold with new and used vehicles, including coverage for death, disability, dread disease, retrenchment, vehicle and component warranties, and vehicle financing through joint ventures with two finance houses; and Corporate Services and Other.
92GF Score
Get the complete analysis for JSE:CMH
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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