Financials Zhejiang Weiming Environment Protection Co., Ltd.

Equities

603568

CNE1000023N5

Renewable Energy Equipment & Services

End-of-day quote Shanghai S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
22 CNY -0.81% Intraday chart for Zhejiang Weiming Environment Protection Co., Ltd. +9.56% +37.50%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 21,603 23,787 47,295 31,394 27,274 37,269 - -
Enterprise Value (EV) 1 21,603 23,787 47,295 31,394 27,274 37,269 37,269 37,269
P/E ratio 22.7 x 18.9 x 30.4 x 19.1 x 13.4 x 12.4 x 10.3 x 8.15 x
Yield 1.35% - 0.36% 0.81% - - - -
Capitalization / Revenue 10.6 x 7.62 x 11.3 x 7.06 x 4.53 x 3.8 x 2.99 x 2.24 x
EV / Revenue 10.6 x 7.62 x 11.3 x 7.06 x 4.53 x 3.8 x 2.99 x 2.24 x
EV / EBITDA - 14.2 x - 14 x 9.58 x 8.32 x 6.83 x 5.47 x
EV / FCF - - - -64,22,85,822 x - - - -
FCF Yield - - - -0% - - - -
Price to Book 5.2 x 4.42 x 6.22 x 3.42 x 2.48 x 2.74 x 2.17 x 1.78 x
Nbr of stocks (in thousands) 15,91,470 16,33,527 16,83,099 16,94,213 17,04,645 16,94,023 - -
Reference price 2 13.57 14.56 28.10 18.53 16.00 22.00 22.00 22.00
Announcement Date 24/04/20 16/04/21 22/04/22 21/04/23 19/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,038 3,123 4,185 4,446 6,025 9,797 12,447 16,620
EBITDA 1 - 1,673 - 2,245 2,847 4,482 5,458 6,815
EBIT 1 1,103 1,452 1,687 1,763 2,287 3,759 4,290 6,074
Operating Margin 54.11% 46.49% 40.32% 39.66% 37.96% 38.37% 34.46% 36.55%
Earnings before Tax (EBT) 1 1,103 1,456 1,692 1,780 2,284 3,756 4,288 6,069
Net income 1 974.5 1,257 1,535 1,653 2,048 3,011 3,642 4,606
Net margin 47.81% 40.25% 36.69% 37.18% 34% 30.73% 29.26% 27.71%
EPS 2 0.5976 0.7692 0.9231 0.9700 1.190 1.770 2.140 2.700
Free Cash Flow - - - -48.88 - - - -
FCF margin - - - -1.1% - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 0.1834 - 0.1000 0.1500 - - - -
Announcement Date 24/04/20 16/04/21 22/04/22 21/04/23 19/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - -48.9 - - - -
ROE (net income / shareholders' equity) 26.5% 26% 24.9% 19.5% 20% 21.2% 21.2% 22.8%
ROA (Net income/ Total Assets) - 14.5% - - - - - -
Assets 1 - 8,697 - - - - - -
Book Value Per Share 2 2.610 3.290 4.510 5.420 6.450 8.030 10.10 12.30
Cash Flow per Share 2 0.5300 0.5800 0.7000 1.290 1.360 1.740 2.630 3.020
Capex 1 1,214 1,897 2,363 2,242 2,266 1,724 3,394 1,148
Capex / Sales 59.57% 60.75% 56.46% 50.42% 37.62% 17.6% 27.27% 6.91%
Announcement Date 24/04/20 16/04/21 22/04/22 21/04/23 19/04/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
22 CNY
Average target price
34.52 CNY
Spread / Average Target
+56.91%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 603568 Stock
  4. Financials Zhejiang Weiming Environment Protection Co., Ltd.