Financials Wecome Intelligent Manufacturing Co., Ltd.

Equities

603070

CNE1000059Y6

Heavy Electrical Equipment

End-of-day quote Shanghai S.E. 03:30:00 03/07/2024 am IST 5-day change 1st Jan Change
13.07 CNY +2.35% Intraday chart for Wecome Intelligent Manufacturing Co., Ltd. +16.38% -18.62%

Valuation

Fiscal Period: December 2022 2023
Capitalization 1 7,058 6,440
Enterprise Value (EV) 1 6,704 5,823
P/E ratio 33.2 x 36.5 x
Yield 0.45% 0.93%
Capitalization / Revenue 3.18 x 2.81 x
EV / Revenue 3.02 x 2.54 x
EV / EBITDA 23.2 x 22.3 x
EV / FCF -67,21,52,152 x 2,47,09,583 x
FCF Yield -0% 0%
Price to Book 3.62 x 3.08 x
Nbr of stocks (in thousands) 4,01,000 4,01,000
Reference price 2 17.60 16.06
Announcement Date 18/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,413 1,601 1,689 2,160 2,222 2,292
EBITDA 1 201.6 254.3 262.9 263.8 288.5 261.7
EBIT 1 159.9 209.2 215.7 215 235.3 198.6
Operating Margin 11.31% 13.07% 12.77% 9.95% 10.59% 8.66%
Earnings before Tax (EBT) 1 139.6 197.6 215.1 214.8 240.4 200.7
Net income 1 118.2 164.5 177.3 190 205.1 174.8
Net margin 8.36% 10.27% 10.5% 8.8% 9.23% 7.62%
EPS - 0.4800 0.5200 0.5600 0.5300 0.4400
Free Cash Flow - 59.76 71.31 -120.5 -9.974 235.7
FCF margin - 3.73% 4.22% -5.58% -0.45% 10.28%
FCF Conversion (EBITDA) - 23.5% 27.12% - - 90.07%
FCF Conversion (Net income) - 36.32% 40.21% - - 134.86%
Dividend per Share - - - 0.1500 0.0800 0.1500
Announcement Date 20/02/22 20/02/22 20/02/22 26/04/22 18/04/23 26/04/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 403 75.6 49.1 133 - -
Net Cash position 1 - - - - 353 617
Leverage (Debt/EBITDA) 2.001 x 0.2974 x 0.1867 x 0.5053 x - -
Free Cash Flow - 59.8 71.3 -121 -9.97 236
ROE (net income / shareholders' equity) - 20.4% 16.9% 15.7% 12.6% 8.54%
ROA (Net income/ Total Assets) - 7.93% 7.29% 6.41% 5.67% 3.96%
Assets 1 - 2,075 2,432 2,964 3,617 4,417
Book Value Per Share - 2.770 3.250 3.810 4.860 5.210
Cash Flow per Share - 0.8900 1.040 0.7500 1.860 2.600
Capex 1 62.8 44.7 63.8 111 142 153
Capex / Sales 4.44% 2.79% 3.78% 5.15% 6.38% 6.67%
Announcement Date 20/02/22 20/02/22 20/02/22 26/04/22 18/04/23 26/04/24
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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