Financials Hangzhou Weiguang Electronic Co.,Ltd.

Equities

002801

CNE1000027J4

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
21.07 CNY -2.54% Intraday chart for Hangzhou Weiguang Electronic Co.,Ltd. -3.57% -3.13%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 4,049 2,500 4,376 5,453 4,707 5,697
Enterprise Value (EV) 1 3,399 1,905 3,677 4,691 3,801 4,722
P/E ratio 37.6 x 25.7 x 26.5 x 28.3 x 18.5 x 18.5 x
Yield 1.46% 1.41% 0.81% 0.84% 3.41% 2.02%
Capitalization / Revenue 7.12 x 3.87 x 5.51 x 6.83 x 4.23 x 4.73 x
EV / Revenue 5.98 x 2.95 x 4.63 x 5.88 x 3.42 x 3.92 x
EV / EBITDA 29.2 x 16 x 21.5 x 23.8 x 15.2 x 14.3 x
EV / FCF 53 x 1,759 x 31.4 x 69.7 x 26.2 x 40.7 x
FCF Yield 1.89% 0.06% 3.18% 1.44% 3.81% 2.46%
Price to Book 4.83 x 2.83 x 4.31 x 4.65 x 3.52 x 3.72 x
Nbr of stocks (in thousands) 230,773 229,632 229,632 229,632 229,632 229,632
Reference price 2 17.54 10.89 19.06 23.75 20.50 24.81
Announcement Date 3/15/18 3/19/19 3/18/20 3/22/21 3/22/22 3/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 568.7 646.7 794.2 798.2 1,112 1,205
EBITDA 1 116.5 118.9 171.3 196.9 250.1 329.5
EBIT 1 104.7 103.5 154.1 177.8 229 306.7
Operating Margin 18.42% 16% 19.4% 22.28% 20.6% 25.45%
Earnings before Tax (EBT) 1 124.7 117 188.8 223.3 291.9 347.9
Net income 1 107.6 97.28 165.3 193.4 254.4 307.9
Net margin 18.91% 15.04% 20.81% 24.24% 22.89% 25.56%
EPS 2 0.4667 0.4236 0.7179 0.8400 1.108 1.340
Free Cash Flow 1 64.18 1.083 117 67.33 144.9 116.1
FCF margin 11.29% 0.17% 14.73% 8.44% 13.04% 9.64%
FCF Conversion (EBITDA) 55.09% 0.91% 68.28% 34.2% 57.96% 35.23%
FCF Conversion (Net income) 59.67% 1.11% 70.76% 34.81% 56.96% 37.7%
Dividend per Share 2 0.2564 0.1538 0.1538 0.2000 0.7000 0.5000
Announcement Date 3/15/18 3/19/19 3/18/20 3/22/21 3/22/22 3/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 650 595 699 762 907 975
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 64.2 1.08 117 67.3 145 116
ROE (net income / shareholders' equity) 13.6% 11.3% 16.9% 17.6% 20.3% 21.4%
ROA (Net income/ Total Assets) 7.18% 6.22% 8.27% 8.49% 9.63% 11.4%
Assets 1 1,498 1,563 1,998 2,278 2,642 2,695
Book Value Per Share 2 3.630 3.840 4.420 5.110 5.820 6.670
Cash Flow per Share 2 0.5200 0.5000 0.3600 0.6700 0.7600 1.260
Capex 1 7.43 5.21 11.4 25.9 14.8 67.2
Capex / Sales 1.31% 0.81% 1.44% 3.24% 1.33% 5.58%
Announcement Date 3/15/18 3/19/19 3/18/20 3/22/21 3/22/22 3/28/23
1CNY in Million2CNY
Estimates
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