Financials Neway Valve (Suzhou) Co., Ltd.

Equities

603699

CNE100001SJ6

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-30 pm EDT			5-day change	1st Jan Change
19.83 ^CNY	-0.55%		-2.46%	+43.07%

Apr. 25	Neway Valve Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 12	Neway Valve Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,280	9,310	8,162	8,315	10,539	15,079	-	-
Enterprise Value (EV) ¹	10,280	9,310	8,162	8,315	10,539	15,079	15,079	15,079
P/E ratio	22.7 x	17.8 x	21.9 x	17.9 x	14.4 x	17.8 x	15.6 x	14.3 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	3.36 x	2.56 x	2.06 x	2.05 x	1.9 x	2.15 x	1.87 x	1.73 x
EV / Revenue	3.36 x	2.56 x	2.06 x	2.05 x	1.9 x	2.15 x	1.87 x	1.73 x
EV / EBITDA	16.5 x	12.9 x	14.6 x	12 x	10.7 x	13.6 x	11.7 x	10.8 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	3.95 x	3.28 x	2.8 x	2.56 x	2.82 x	3.43 x	2.94 x	2.55 x
Nbr of stocks (in thousands)	743,846	745,370	745,370	749,062	760,389	760,389	-	-
Reference price ²	13.82	12.49	10.95	11.10	13.86	19.83	19.83	19.83
Announcement Date	4/25/20	4/15/21	4/15/22	4/13/23	4/12/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,057	3,632	3,962	4,059	5,544	7,014	8,050	8,738
EBITDA ¹	623.4	720.4	559.4	691.9	987.1	1,108	1,288	1,397
EBIT ¹	538.6	620	434.5	546.6	825.7	985.6	1,130	1,228
Operating Margin	17.62%	17.07%	10.97%	13.47%	14.89%	14.05%	14.04%	14.05%
Earnings before Tax (EBT) ¹	544.1	627.6	433.3	548.5	849	993.8	1,142	1,242
Net income ¹	455.4	527.6	377.5	466.1	721.8	848.6	971.8	1,058
Net margin	14.9%	14.53%	9.53%	11.48%	13.02%	12.1%	12.07%	12.11%
EPS ²	0.6100	0.7000	0.5000	0.6200	0.9600	1.115	1.275	1.390
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	4/25/20	4/15/21	4/15/22	4/13/23	4/12/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q2	2022 S1
Net sales	-	-	-
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income ¹	68.16	120.8	189
Net margin	-	-	-
EPS	0.0900	-	-
Dividend per Share	-	-	-
Announcement Date	4/29/22	8/26/22	8/26/22

¹CNY in Million

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	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	17.2%	19.3%	13.1%	15.1%	20.7%	19.3%	19.1%	18.2%
ROA (Net income/ Total Assets)	-	-	-	-	-	8.6%	8.5%	9.3%
Assets ¹	-	-	-	-	-	9,868	11,433	11,376
Book Value Per Share ²	3.500	3.800	3.910	4.340	4.920	5.780	6.750	7.790
Cash Flow per Share ²	0.1000	0.7700	0.9200	0.7500	0.8400	0.0100	2.110	-0.1200
Capex ¹	316	255	372	262	124	350	361	326
Capex / Sales	10.35%	7.01%	9.39%	6.45%	2.24%	4.99%	4.48%	3.73%
Announcement Date	4/25/20	4/15/21	4/15/22	4/13/23	4/12/24	-	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Neway Valve (Suzhou) Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.83 CNY

Average target price

21.86 CNY

Spread / Average Target

+10.21%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Industrial Valve Manufacturing

	1st Jan change	Capi.
NEWAY VALVE (SUZHOU) CO., LTD.	+43.07%	2.08B
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HELIOS TECHNOLOGIES, INC.	+10.43%	1.66B
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Industrial Valve Manufacturing