Financials Wuxi Boton Technology Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
14.36 ^CNY	+1.27%		+18.87%	-22.55%

Apr. 26	Wuxi Boton Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
2023	Wuxi Boton Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	5,233	5,777	7,488	10,860	5,698	5,924	5,924	-
Enterprise Value (EV) ¹	5,233	5,777	7,488	10,860	5,698	7,648	5,924	5,924
P/E ratio	19.1 x	18.9 x	17.7 x	26.4 x	-14.4 x	73 x	17 x	13.7 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	2.42 x	2.33 x	2.84 x	3.94 x	1.75 x	2.09 x	1.38 x	1.17 x
EV / Revenue	2.42 x	2.33 x	2.84 x	3.94 x	1.75 x	2.09 x	1.38 x	1.17 x
EV / EBITDA	12.4 x	13.5 x	11.9 x	20.4 x	-20.3 x	27.3 x	9.92 x	8.41 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.31 x	2.26 x	2.62 x	2.97 x	1.69 x	2.13 x	1.51 x	1.36 x
Nbr of stocks (in thousands)	396,768	385,104	385,604	394,196	411,969	412,523	412,523	-
Reference price ²	13.19	15.00	19.42	27.55	13.83	14.36	14.36	14.36
Announcement Date	2/27/19	2/23/20	2/26/21	4/22/22	4/26/23	4/26/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	2,166	2,476	2,638	2,760	3,259	3,655	4,287	5,060
EBITDA ¹	423.6	426.7	627.9	531.7	-280.2	280.6	597.2	704.6
EBIT ¹	311.2	311.3	521.8	446.3	-412.7	113.8	397.5	581.3
Operating Margin	14.37%	12.57%	19.78%	16.17%	-12.66%	3.11%	9.27%	11.49%
Earnings before Tax (EBT) ¹	310.4	311.4	520.8	443.9	-422.1	112.8	396.5	577.9
Net income ¹	271.7	305	436.8	402.7	-395.9	106.1	349.6	430.5
Net margin	12.54%	12.32%	16.56%	14.59%	-12.15%	2.9%	8.16%	8.51%
EPS ²	0.6923	0.7921	1.095	1.044	-0.9613	0.2539	0.8467	1.047
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	2/27/19	2/23/20	2/26/21	4/22/22	4/26/23	4/26/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.6%	12.6%	15.7%	12.6%	-10.9%	3.04%	8.81%	9.79%
ROA (Net income/ Total Assets)	-	-	9.94%	-	-	4.2%	6.8%	7.5%
Assets ¹	-	-	4,394	-	-	5,333	5,142	5,741
Book Value Per Share ²	5.710	6.640	7.410	9.280	8.200	8.690	9.540	10.50
Cash Flow per Share ²	0.4600	0.9500	0.7000	0.3700	0.0300	1.040	1.950	2.570
Capex ¹	-	-	279	279	126	276	162	159
Capex / Sales	-	-	10.57%	10.11%	3.87%	7.54%	3.77%	3.14%
Announcement Date	2/27/19	2/23/20	2/26/21	4/22/22	4/26/23	4/26/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.36 CNY

Average target price

15.01 CNY

Spread / Average Target

+4.53%

	1st Jan change	Capi.
WUXI BOTON TECHNOLOGY CO., LTD.	-22.55%	818M
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