Financials Western Superconducting Technologies Co., Ltd.

Equities

688122

CNE100003MF3

Specialty Mining & Metals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
38.34 CNY +1.27% Intraday chart for Western Superconducting Technologies Co., Ltd. -1.57% -27.97%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,858 35,086 42,777 43,941 34,582 24,908 - -
Enterprise Value (EV) 1 14,858 35,086 42,777 43,941 34,582 24,908 24,908 24,908
P/E ratio 88.4 x 94.6 x 57.7 x 40.7 x 46 x 26.8 x 20.7 x 17.6 x
Yield - - 1.03% 1.06% 1.32% 1.38% 1.7% 2.14%
Capitalization / Revenue 10.3 x 16.6 x 14.6 x 10.4 x 8.32 x 4.87 x 3.75 x 3.22 x
EV / Revenue 10.3 x 16.6 x 14.6 x 10.4 x 8.32 x 4.87 x 3.75 x 3.22 x
EV / EBITDA - - 44.5 x 32.3 x 34.2 x 18.9 x 14.6 x 12.6 x
EV / FCF - - -716,017,190 x - - - - -
FCF Yield - - -0% - - - - -
Price to Book - 12.5 x 7.98 x 7.33 x 5.47 x 3.6 x 3.09 x 2.86 x
Nbr of stocks (in thousands) 617,781 617,781 617,781 649,664 649,664 649,664 - -
Reference price 2 24.05 56.79 69.24 67.64 53.23 38.34 38.34 38.34
Announcement Date 3/30/20 2/25/21 2/27/22 2/27/23 2/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,446 2,113 2,927 4,227 4,159 5,119 6,651 7,732
EBITDA 1 - - 961.4 1,362 1,012 1,315 1,704 1,978
EBIT 1 230.3 416.1 852.2 1,238 870.1 1,075 1,389 1,636
Operating Margin 15.93% 19.69% 29.11% 29.28% 20.92% 21% 20.88% 21.15%
Earnings before Tax (EBT) 1 163.1 422.7 851.6 1,238 868.1 1,074 1,388 1,634
Net income 1 154 371 741.5 1,080 752.4 929.8 1,204 1,414
Net margin 10.65% 17.56% 25.33% 25.55% 18.09% 18.16% 18.1% 18.28%
EPS 2 0.2721 0.6006 1.200 1.662 1.158 1.432 1.854 2.178
Free Cash Flow - - -59.74 - - - - -
FCF margin - - -2.04% - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 0.7143 0.7143 0.7000 0.5300 0.6500 0.8200
Announcement Date 3/30/20 2/25/21 2/27/22 2/27/23 2/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 208.3 212.8
Net margin - -
EPS 2 0.3214 0.3300
Dividend per Share - -
Announcement Date 4/27/23 8/30/23
1CNY in Million2CNY
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 - - -59.7 - - - - -
ROE (net income / shareholders' equity) 7.43% 13.9% 24.1% 19.2% 12.4% 13.4% 14.8% 16%
ROA (Net income/ Total Assets) - 7.17% 10.4% - 6.43% 6.17% 7.09% 8.26%
Assets 1 - 5,175 7,143 - 11,692 15,069 16,982 17,113
Book Value Per Share 2 - 4.550 8.680 9.230 9.730 10.60 12.40 13.40
Cash Flow per Share 2 - -0.3600 0.3700 0.4600 0.2500 0.5400 0.5800 0.9700
Capex 1 - 185 287 661 408 453 323 370
Capex / Sales - 8.78% 9.8% 15.63% 9.82% 8.86% 4.86% 4.79%
Announcement Date 3/30/20 2/25/21 2/27/22 2/27/23 2/26/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
38.34 CNY
Average target price
51.49 CNY
Spread / Average Target
+34.30%
Consensus

Annual profits - Rate of surprise

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