Financials Wiscom System Co., Ltd.

Equities

002090

CNE000001PM7

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 03:30:00 10/05/2024 am IST 5-day change 1st Jan Change
9.4 CNY +1.40% Intraday chart for Wiscom System Co., Ltd. +1.40% -5.81%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,002 4,289 3,311 3,603 4,623 3,998
Enterprise Value (EV) 1 4,746 4,984 3,552 3,180 4,195 3,189
P/E ratio 43.5 x 44.3 x 50.9 x 25.4 x 154 x 65.5 x
Yield 0.48% 0.24% 1.22% 0.26% 0.21% 0.5%
Capitalization / Revenue 2.39 x 2.16 x 1.78 x 2.2 x 3.03 x 2.47 x
EV / Revenue 2.83 x 2.51 x 1.91 x 1.94 x 2.75 x 1.97 x
EV / EBITDA 38.1 x 39.2 x 26.4 x 61.9 x 157 x 72.5 x
EV / FCF 78.4 x -15.7 x -6.36 x -585 x 54.2 x 13.2 x
FCF Yield 1.28% -6.36% -15.7% -0.17% 1.85% 7.55%
Price to Book 3.25 x 3.29 x 2.47 x 2.87 x 3.7 x 2.74 x
Nbr of stocks (in thousands) 4,04,265 4,04,265 4,04,265 3,80,477 3,80,477 4,00,577
Reference price 2 9.900 10.61 8.190 9.470 12.15 9.980
Announcement Date 29/04/19 22/04/20 27/04/21 11/04/22 09/04/23 11/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,676 1,988 1,858 1,641 1,528 1,616
EBITDA 1 124.6 127.1 134.4 51.4 26.8 43.97
EBIT 1 69.34 73.35 88.28 19.11 -1.599 18.23
Operating Margin 4.14% 3.69% 4.75% 1.16% -0.1% 1.13%
Earnings before Tax (EBT) 1 86.72 101.4 73.52 166.9 14.81 52.78
Net income 1 92.05 96.77 65.06 145 30.02 60.5
Net margin 5.49% 4.87% 3.5% 8.84% 1.96% 3.74%
EPS 2 0.2277 0.2394 0.1609 0.3735 0.0789 0.1523
Free Cash Flow 1 60.56 -317 -558.6 -5.44 77.42 240.9
FCF margin 3.61% -15.94% -30.06% -0.33% 5.07% 14.9%
FCF Conversion (EBITDA) 48.61% - - - 288.94% 547.84%
FCF Conversion (Net income) 65.8% - - - 257.91% 398.22%
Dividend per Share 2 0.0471 0.0250 0.1000 0.0250 0.0250 0.0500
Announcement Date 29/04/19 22/04/20 27/04/21 11/04/22 09/04/23 11/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 744 695 241 - - -
Net Cash position 1 - - - 423 427 808
Leverage (Debt/EBITDA) 5.974 x 5.471 x 1.791 x - - -
Free Cash Flow 1 60.6 -317 -559 -5.44 77.4 241
ROE (net income / shareholders' equity) 6.87% 6.95% 5.66% 11.7% 2.46% 4.57%
ROA (Net income/ Total Assets) 1.11% 1.21% 1.53% 0.4% -0.04% 0.41%
Assets 1 8,326 7,981 4,245 36,333 -76,778 14,683
Book Value Per Share 2 3.050 3.220 3.310 3.300 3.280 3.650
Cash Flow per Share 2 1.420 1.450 1.470 1.430 1.470 1.920
Capex 1 32.9 662 780 16.4 12.2 37.9
Capex / Sales 1.96% 33.27% 41.98% 1% 0.8% 2.35%
Announcement Date 29/04/19 22/04/20 27/04/21 11/04/22 09/04/23 11/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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