Financials Wuhan DR Laser Technology Corp.,Ltd

Equities

300776

CNE100003KG5

Semiconductor Equipment & Testing

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
43.53 CNY +6.67% Intraday chart for Wuhan DR Laser Technology Corp.,Ltd +8.85% -27.76%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 9,835 15,891 27,195 21,504 16,456 11,841 -
Enterprise Value (EV) 1 9,835 14,768 26,601 21,814 16,683 11,657 11,217
P/E ratio 28.9 x 42.7 x 71.3 x 52.1 x 35.7 x 18.7 x 12.4 x
Yield - 0.5% 0.29% 0.37% 0.58% 1.33% 1.58%
Capitalization / Revenue 14.1 x 14.8 x 21.6 x 16.2 x 10.2 x 5.1 x 3.56 x
EV / Revenue 14.1 x 13.8 x 21.2 x 16.5 x 10.4 x 5.02 x 3.37 x
EV / EBITDA - 33.6 x 59.6 x 45.3 x 29.4 x 14.9 x 9.81 x
EV / FCF - - - 71.1 x 25.4 x -28.7 x 47.7 x
FCF Yield - - - 1.41% 3.94% -3.48% 2.1%
Price to Book 6.75 x 8.83 x 12.6 x 8.49 x 5.62 x 3.22 x 2.67 x
Nbr of stocks (in thousands) 270,849 270,849 272,053 273,072 273,077 272,015 -
Reference price 2 36.31 58.67 99.96 78.75 60.26 43.53 43.53
Announcement Date 2/28/20 4/8/21 4/26/22 4/26/23 4/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 699.9 1,072 1,257 1,324 1,609 2,320 3,330
EBITDA 1 - 439.7 446.6 481.4 566.6 780 1,143
EBIT 1 354.6 434 436.2 454.2 506.8 700 1,064
Operating Margin 50.66% 40.48% 34.71% 34.3% 31.5% 30.17% 31.94%
Earnings before Tax (EBT) 1 354.5 432.5 436.3 454.2 507.1 842 1,078
Net income 1 305.2 373.2 381 411.2 461.2 748.6 988.2
Net margin 43.6% 34.8% 30.32% 31.05% 28.66% 32.27% 29.68%
EPS 2 1.257 1.375 1.402 1.512 1.690 2.330 3.514
Free Cash Flow 1 - - - 306.9 657.3 -406 235
FCF margin - - - 23.17% 40.85% -17.5% 7.06%
FCF Conversion (EBITDA) - - - 63.75% 116% - 20.56%
FCF Conversion (Net income) - - - 74.63% 142.52% - 23.78%
Dividend per Share 2 - 0.2930 0.2930 0.2938 0.3500 0.5800 0.6886
Announcement Date 2/28/20 4/8/21 4/26/22 4/26/23 4/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales - - - - - - - - - - - -
EBITDA - - - - - - - - - - - -
EBIT - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income - - - - - - - - - - - -
Net margin - - - - - - - - - - - -
EPS 1 0.3672 0.2500 0.4375 0.2812 0.3438 0.0900 0.6000 0.4500 0.4900 0.1500 1.010 0.8000
Dividend per Share - - - - - - - - - - - -
Announcement Date 4/26/22 8/25/22 10/25/22 4/26/23 4/26/23 8/17/23 10/29/23 4/25/24 4/25/24 - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - 309 228 - -
Net Cash position 1 - 1,124 593 - - 184 624
Leverage (Debt/EBITDA) - - - 0.6426 x 0.4018 x - -
Free Cash Flow 1 - - - 307 657 -406 235
ROE (net income / shareholders' equity) 31.5% 22.9% 19% 16.6% 16.1% 19.1% 22.5%
ROA (Net income/ Total Assets) - 15.3% 11.8% 9.72% - 7.1% 9.55%
Assets 1 - 2,446 3,219 4,231 - 10,544 10,348
Book Value Per Share 2 5.380 6.640 7.940 9.280 10.70 13.50 16.30
Cash Flow per Share 2 - 0.5200 0.8700 1.870 2.840 2.410 -
Capex 1 31.4 62.8 137 203 119 157 167
Capex / Sales 4.48% 5.86% 10.9% 15.31% 7.42% 6.78% 5.02%
Announcement Date 2/28/20 4/8/21 4/26/22 4/26/23 4/25/24 - -
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
43.53 CNY
Average target price
63.54 CNY
Spread / Average Target
+45.96%
Consensus
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