Financials Zhejiang Wecome Pharmaceutical Company Limited

Equities

300878

CNE1000047P9

Pharmaceuticals

End-of-day quote Shenzhen S.E. 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
15.07 CNY +2.87% Intraday chart for Zhejiang Wecome Pharmaceutical Company Limited -7.83% -40.60%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 4,045 4,246 3,591 3,673
Enterprise Value (EV) 1 3,465 4,047 3,747 3,533
P/E ratio 24.8 x 44 x 80 x -423 x
Yield 1.99% 1.02% - 0.99%
Capitalization / Revenue 6.5 x 6.71 x 6.76 x 7.07 x
EV / Revenue 5.56 x 6.39 x 7.05 x 6.8 x
EV / EBITDA 25,676,927 x 41,467,293 x 57,976,027 x 258,348,036 x
EV / FCF -23.8 x -13.3 x -10.5 x 11.1 x
FCF Yield -4.2% -7.53% -9.55% 9.02%
Price to Book 2.93 x 3.04 x 2.57 x 2.64 x
Nbr of stocks (in thousands) 144,790 144,790 144,790 144,790
Reference price 2 27.94 29.32 24.80 25.37
Announcement Date 3/30/21 4/28/22 4/27/23 4/28/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 577.7 641.8 622.8 633 531.3 519.6
EBITDA - 135.4 134.9 97.6 64.63 13.67
EBIT 1 94.69 127.9 122.8 83.62 33.78 -20.29
Operating Margin 16.39% 19.92% 19.72% 13.21% 6.36% -3.91%
Earnings before Tax (EBT) 1 103.4 147.6 158.7 100 57.75 -5.786
Net income 1 87.78 126 135.8 96.5 44.44 -8.039
Net margin 15.2% 19.63% 21.81% 15.25% 8.37% -1.55%
EPS 2 0.8056 1.161 1.128 0.6667 0.3100 -0.0600
Free Cash Flow 1 -140.4 -58.32 -145.4 -304.9 -357.9 318.8
FCF margin -24.31% -9.09% -23.34% -48.18% -67.37% 61.35%
FCF Conversion (EBITDA) - - - - - 2,331.18%
FCF Conversion (Net income) - - - - - -
Dividend per Share - - 0.5556 0.3000 - 0.2500
Announcement Date 6/28/19 3/6/20 3/30/21 4/28/22 4/27/23 4/28/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 4.04 - - 156 -
Net Cash position 1 13 - 581 198 - 140
Leverage (Debt/EBITDA) - 0.0299 x - - 2.419 x -
Free Cash Flow 1 -140 -58.3 -145 -305 -358 319
ROE (net income / shareholders' equity) 25.1% 27.6% 14.3% 6.91% 3.2% -0.44%
ROA (Net income/ Total Assets) 10.6% 10.5% 6.13% 3.15% 1.17% -0.64%
Assets 1 831.2 1,196 2,216 3,067 3,797 1,255
Book Value Per Share 2 3.630 4.790 9.540 9.650 9.660 9.600
Cash Flow per Share 2 0.7700 1.480 4.110 1.940 1.120 2.280
Capex 1 173 115 152 171 248 139
Capex / Sales 29.9% 17.91% 24.46% 27.03% 46.76% 26.81%
Announcement Date 6/28/19 3/6/20 3/30/21 4/28/22 4/27/23 4/28/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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