Financials Weaver Network Technology Co., Ltd.

Equities

603039

CNE100002ZC4

Software

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
36.15 CNY +6.07% Intraday chart for Weaver Network Technology Co., Ltd. +11.54% -22.92%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,871 21,591 18,182 12,922 12,222 9,268 - -
Enterprise Value (EV) 1 7,911 20,137 16,205 12,922 10,792 7,629 7,366 6,985
P/E ratio 62.2 x 92.6 x 58.1 x 58.6 x 68 x 41.6 x 28.9 x 26.2 x
Yield 0.26% 0.15% 0.21% 0.3% 0.32% 0.51% 0.64% 0.85%
Capitalization / Revenue 6.9 x 14.6 x 9.08 x 5.54 x 5.11 x 3.52 x 2.84 x 2.59 x
EV / Revenue 6.15 x 13.6 x 8.09 x 5.54 x 4.51 x 2.89 x 2.26 x 1.95 x
EV / EBITDA 51.6 x 77.2 x 47 x 53.3 x 56.2 x 32.7 x 22.8 x 24.7 x
EV / FCF - - 50 x 70.9 x 86.4 x 14.5 x 13.7 x 10.7 x
FCF Yield - - 2% 1.41% 1.16% 6.91% 7.28% 9.32%
Price to Book 9.85 x 16.7 x 9.67 x - 5.88 x 4.11 x 3.68 x 3.29 x
Nbr of stocks (in thousands) 254,757 256,632 260,603 256,436 260,603 256,366 - -
Reference price 2 34.82 84.13 69.77 50.39 46.90 36.15 36.15 36.15
Announcement Date 3/30/20 3/30/21 4/28/22 3/20/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,286 1,482 2,003 2,331 2,393 2,636 3,261 3,575
EBITDA 1 153.4 260.8 345.1 242.6 192 233.1 322.7 283.2
EBIT 1 137.1 244.1 326.9 223.4 165.3 239.6 331.7 323.9
Operating Margin 10.66% 16.46% 16.32% 9.58% 6.91% 9.09% 10.17% 9.06%
Earnings before Tax (EBT) 1 142.7 249.7 335 233.7 172.8 232.9 340.5 367.6
Net income 1 139.7 229.6 308.7 223.2 178.7 226.3 326.2 360.6
Net margin 10.87% 15.49% 15.41% 9.57% 7.47% 8.59% 10% 10.09%
EPS 2 0.5595 0.9083 1.200 0.8600 0.6900 0.8700 1.252 1.382
Free Cash Flow 1 - - 324.4 182.2 125 527 536 651
FCF margin - - 16.2% 7.81% 5.22% 19.99% 16.44% 18.21%
FCF Conversion (EBITDA) - - 93.99% 75.09% 65.09% 226.05% 166.11% 229.86%
FCF Conversion (Net income) - - 105.08% 81.62% 69.93% 232.87% 164.3% 180.55%
Dividend per Share 2 0.0893 0.1250 0.1500 0.1500 0.1500 0.1856 0.2310 0.3065
Announcement Date 3/30/20 3/30/21 4/28/22 3/20/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2022 Q1 2022 Q3 2022 Q4
Net sales 1 - - 293 - 987
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income 1 50.31 179.2 15.13 52.78 99.62
Net margin - - 5.16% - 10.09%
EPS 0.2000 - - 0.2100 -
Dividend per Share - - - - -
Announcement Date 8/27/20 3/30/21 4/28/22 10/27/22 3/20/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 960 1,454 1,977 - 1,431 1,639 1,902 2,283
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 324 182 125 527 536 651
ROE (net income / shareholders' equity) 17.4% 21.4% 18.7% 11.8% 8.67% 9.93% 12% 11.4%
ROA (Net income/ Total Assets) 7.91% 9.9% 10.1% - - 5.8% 7.5% 6.2%
Assets 1 1,767 2,320 3,045 - - 3,902 4,348 5,816
Book Value Per Share 2 3.540 5.040 7.210 - 7.980 8.800 9.830 11.00
Cash Flow per Share 2 0.9300 1.190 1.430 - 0.9200 1.190 1.830 2.000
Capex 1 46.1 67.3 48.1 51 116 84.5 91 96.7
Capex / Sales 3.58% 4.54% 2.4% 2.19% 4.83% 3.21% 2.79% 2.71%
Announcement Date 3/30/20 3/30/21 4/28/22 3/20/23 3/28/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
36.15 CNY
Average target price
41.56 CNY
Spread / Average Target
+14.95%
Consensus

Annual profits - Rate of surprise

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