Projected Income Statement: WuXi AppTec Co., Ltd.

Forecast Balance Sheet: WuXi AppTec Co., Ltd.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 -7,011 -4,974 -3,103 -9,115 -13,860 -20,654 -27,880 -38,871
Change - 29.05% 37.62% -193.75% -52.06% -49.02% -34.99% -39.42%
Announcement Date 05/03/21 15/02/22 20/03/23 18/03/24 17/03/25 - - -
1CNY in Million
Estimates

Cash Flow Forecast: WuXi AppTec Co., Ltd.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 3,022 6,934 9,668 5,500 3,988 5,983 5,550 5,170
Change - 129.43% 39.42% -43.11% -27.5% 50.03% -7.23% -6.84%
Free Cash Flow (FCF) 1 951.3 -2,345 948 7,886 8,419 8,741 11,740 14,048
Change - -346.51% 140.43% 731.92% 6.75% 3.82% 34.32% 19.66%
Announcement Date 05/03/21 15/02/22 20/03/23 18/03/24 17/03/25 - - -
1CNY in Million
Estimates

Forecast Financial Ratios: WuXi AppTec Co., Ltd.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 26.3% 31.91% 31.43% 35.18% 36.57% 44.54% 42.14% 42.25%
EBIT Margin (%) 20.5% 26.36% 27.07% 29.43% 29.51% 40.72% 35.63% 35.76%
EBT Margin (%) 20.38% 26.27% 26.98% 29.33% 29.41% 45.69% 37.69% 37.77%
Net margin (%) 17.9% 22.26% 22.4% 23.81% 24.08% 35.63% 30.68% 30.8%
FCF margin (%) 5.75% -10.24% 2.41% 19.55% 21.45% 19.66% 23.35% 24.59%
FCF / Net Income (%) 32.14% -46.01% 10.76% 82.09% 89.09% 55.17% 76.12% 79.82%

Profitability

        
ROA 7.84% 10.05% 14.71% 15.45% 12.27% 17.3% 16% 16.22%
ROE 12.91% 14.36% 20.62% 18.99% 16.78% 23.32% 19.27% 19.07%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 18.28% 30.28% 24.57% 13.63% 10.16% 13.45% 11.04% 9.05%
CAPEX / EBITDA (%) 69.51% 94.88% 78.16% 38.75% 27.79% 30.21% 26.2% 21.41%
CAPEX / FCF (%) 317.72% -295.71% 1,019.86% 69.75% 47.37% 68.45% 47.27% 36.8%

Items per share

        
Cash flow per share 1 1.356 1.558 3.586 4.509 4.296 4.816 5.708 6.6
Change - 14.85% 130.22% 25.75% -4.73% 12.12% 18.5% 15.64%
Dividend per Share 1 0.3025 0.5174 0.8927 0.9834 0.9817 1.642 1.524 1.694
Change - 71.04% 72.53% 10.16% -0.17% 67.24% -7.15% 11.11%
Book Value Per Share 1 11.63 13.02 15.74 18.57 20.3 23.88 27.75 32.5
Change - 11.94% 20.85% 17.98% 9.35% 17.62% 16.2% 17.15%
EPS 1 1.058 1.73 2.82 3.24 3.26 5.693 5.252 5.99
Change - 63.47% 63.01% 14.89% 0.62% 74.64% -7.75% 14.05%
Nbr of stocks (in thousands) 29,30,032 29,55,700 29,60,507 29,68,761 28,87,993 29,63,757 29,63,757 29,63,757
Announcement Date 05/03/21 15/02/22 20/03/23 18/03/24 17/03/25 - - -
1CNY
Estimates
2025 *2026 *
P/E ratio 17.3x 18.8x
PBR 4.13x 3.56x
EV / Sales 6.12x 5.29x
Yield 1.66% 1.54%
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
26
Last Close Price
98.68CNY
Average target price
128.22CNY
Spread / Average Target
+29.93%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials WuXi AppTec Co., Ltd.