GOODWE TECHNOLOGIES CO., LTD. Financials GoodWe Technologies Co., Ltd.
Equities
688390
CNE100004363
Renewable Energy Equipment & Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 90.38 CNY | -1.65% |
|
-4.39% | -30.79% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,935 | 40,443 | 39,805 | 22,576 | 15,619 | - | - |
| Enterprise Value (EV) 1 | 20,935 | 39,219 | 38,304 | 20,878 | 12,821 | 10,715 | 15,619 |
| P/E ratio | 65.4 x | 145 x | 61.8 x | 26.6 x | 13 x | 7.26 x | 12.4 x |
| Yield | - | 0.26% | 0.5% | 0.57% | 2.31% | 3.03% | 2.45% |
| Capitalization / Revenue | 13.2 x | 15.1 x | 8.45 x | 3.07 x | 1.62 x | 0.92 x | 1.41 x |
| EV / Revenue | 13.2 x | 14.6 x | 8.13 x | 2.84 x | 1.33 x | 0.63 x | 1.41 x |
| EV / EBITDA | 64.6 x | 102 x | 49.3 x | 18.6 x | 8.2 x | 3.65 x | - |
| EV / FCF | - | -1,789 x | 98.6 x | 44.5 x | 37.9 x | 16.3 x | 27.5 x |
| FCF Yield | - | -0.06% | 1.01% | 2.25% | 2.64% | 6.15% | 3.64% |
| Price to Book | 14.4 x | 24.4 x | 17.6 x | 7.57 x | 4.01 x | 2.37 x | 3.07 x |
| Nbr of stocks (in thousands) | 172,480 | 172,480 | 172,480 | 172,888 | 172,817 | - | - |
| Reference price 2 | 121.4 | 234.5 | 230.8 | 130.6 | 90.38 | 90.38 | 90.38 |
| Announcement Date | 4/22/21 | 2/25/22 | 2/27/23 | 2/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 945.4 | 1,589 | 2,678 | 4,710 | 7,353 | 9,621 | 16,958 | 11,072 |
| EBITDA 1 | - | 324.2 | 384.4 | 777 | 1,124 | 1,564 | 2,936 | - |
| EBIT 1 | - | 302 | 296.5 | 695.1 | 1,007 | 1,410 | 2,584 | - |
| Operating Margin | - | 19.01% | 11.07% | 14.76% | 13.69% | 14.65% | 15.24% | - |
| Earnings before Tax (EBT) 1 | - | 302.6 | 296.1 | 690.1 | 1,004 | 1,274 | 2,556 | - |
| Net income 1 | - | 260.3 | 279.5 | 649.3 | 852.1 | 1,202 | 2,300 | - |
| Net margin | - | 16.38% | 10.44% | 13.78% | 11.59% | 12.5% | 13.57% | - |
| EPS 2 | 0.7959 | 1.857 | 1.617 | 3.736 | 4.900 | 6.972 | 12.44 | 7.280 |
| Free Cash Flow 1 | - | - | -21.92 | 388.5 | 468.8 | 338.5 | 658.5 | 569 |
| FCF margin | - | - | -0.82% | 8.25% | 6.38% | 3.52% | 3.88% | 5.14% |
| FCF Conversion (EBITDA) | - | - | - | 50% | 41.7% | 21.64% | 22.43% | - |
| FCF Conversion (Net income) | - | - | - | 59.84% | 55.02% | 28.15% | 28.62% | - |
| Dividend per Share 2 | - | - | 0.6122 | 1.143 | 0.7500 | 2.092 | 2.742 | 2.210 |
| Announcement Date | 8/30/20 | 4/22/21 | 2/25/22 | 2/27/23 | 2/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 |
|---|---|---|---|---|
| Net sales 1 | - | 1,795 | 1,719 | 2,095 |
| EBITDA | - | - | - | - |
| EBIT 1 | - | 422.6 | 380.4 | 367.1 |
| Operating Margin | - | 23.55% | 22.13% | 17.52% |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income | 220.5 | - | - | - |
| Net margin | - | - | - | - |
| EPS 2 | 1.271 | 2.150 | 1.936 | 2.324 |
| Dividend per Share | - | - | - | - |
| Announcement Date | 10/28/22 | 2/27/23 | 4/26/23 | 8/29/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 1,224 | 1,500 | 1,698 | 2,799 | 4,904 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | -21.9 | 389 | 469 | 339 | 659 | 569 |
| ROE (net income / shareholders' equity) | - | 35% | 18.1% | 33.2% | 32.5% | 23.9% | 33.2% | 20% |
| ROA (Net income/ Total Assets) | - | - | 8.92% | 13.6% | - | 13.3% | 12.5% | 10% |
| Assets 1 | - | - | 3,133 | 4,757 | - | 9,008 | 18,449 | - |
| Book Value Per Share 2 | - | 8.450 | 9.600 | 13.10 | 17.30 | 22.50 | 38.20 | 29.50 |
| Cash Flow per Share 2 | - | 2.550 | 1.720 | 5.070 | 5.980 | 7.840 | 16.60 | - |
| Capex 1 | - | - | 318 | 486 | 565 | 612 | 591 | 886 |
| Capex / Sales | - | - | 11.87% | 10.32% | 7.69% | 6.36% | 3.49% | 8% |
| Announcement Date | 8/30/20 | 4/22/21 | 2/25/22 | 2/27/23 | 2/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
90.38
CNY
Average target price
133.6
CNY
Spread / Average Target
+47.83%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -30.79% | 2.16B | |
| +13.33% | 20.12B | |
| +57.08% | 15.74B | |
| -27.87% | 6.15B | |
| -26.32% | 2.78B | |
| -26.19% | 1.88B | |
| -23.12% | 1.18B | |
| +2.81% | 1.06B | |
| +98.65% | 974M | |
| +29.58% | 914M |
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- Financials GoodWe Technologies Co., Ltd.
