Financials WuXi Xinje Electric Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
29.35 ^CNY	+0.65%		+8.30%	-21.86%

Apr. 02	Tranche Update on WuXi Xinje Electric Co.,Ltd.'s Equity Buyback Plan announced on February 21, 2024.	CI
Feb. 21	WuXi Xinje Electric Co.,Ltd. commences an Equity Buyback Plan for CNY 40 million worth of its shares, under the authorization approved on February 5, 2025.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,934	12,768	6,692	6,370	5,279	4,125	-	-
Enterprise Value (EV) ¹	3,934	12,768	6,560	6,048	4,955	3,677	3,528	3,336
P/E ratio	24.1 x	38.5 x	22 x	28.7 x	26.5 x	17 x	13.8 x	11.7 x
Yield	0.57%	0.31%	0.55%	0.4%	0.59%	0.92%	1.12%	1.33%
Capitalization / Revenue	6.06 x	11.3 x	5.15 x	4.77 x	3.51 x	2.33 x	1.9 x	1.56 x
EV / Revenue	6.06 x	11.3 x	5.05 x	4.53 x	3.29 x	2.08 x	1.62 x	1.26 x
EV / EBITDA	-	32.3 x	18.3 x	21.8 x	19.8 x	12.7 x	10.1 x	8.2 x
EV / FCF	-	79.7 x	57.5 x	51.2 x	81.6 x	23.9 x	18.9 x	14 x
FCF Yield	-	1.25%	1.74%	1.95%	1.23%	4.19%	5.3%	7.13%
Price to Book	3.27 x	8.45 x	3.77 x	3.25 x	2.47 x	1.76 x	1.58 x	1.42 x
Nbr of stocks (in thousands)	140,560	140,560	140,560	140,560	140,560	140,560	-	-
Reference price ²	27.99	90.84	47.61	45.32	37.56	29.35	29.35	29.35
Announcement Date	1/17/20	4/9/21	1/21/22	1/30/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	649.6	1,134	1,299	1,335	1,505	1,771	2,174	2,642
EBITDA ¹	-	395.5	359.3	277	250	289.4	349.8	407
EBIT ¹	186.7	381.6	340.6	241.7	218.9	259	317	371
Operating Margin	28.74%	33.64%	26.21%	18.1%	14.54%	14.63%	14.58%	14.04%
Earnings before Tax (EBT) ¹	185.8	381	338.8	238.8	216	264	324	382
Net income ¹	163.5	331.7	303.6	222	199	243	299	352
Net margin	25.16%	29.24%	23.37%	16.63%	13.22%	13.72%	13.75%	13.32%
EPS ²	1.160	2.360	2.160	1.580	1.420	1.730	2.120	2.500
Free Cash Flow ¹	-	160.1	114	118.2	60.74	154	187	238
FCF margin	-	14.12%	8.77%	8.85%	4.04%	8.7%	8.6%	9.01%
FCF Conversion (EBITDA)	-	40.48%	31.73%	42.67%	24.3%	53.21%	53.46%	58.48%
FCF Conversion (Net income)	-	48.28%	37.55%	53.23%	30.52%	63.37%	62.54%	67.61%
Dividend per Share ²	0.1600	0.2800	0.2600	0.1800	0.2200	0.2700	0.3300	0.3900
Announcement Date	1/17/20	4/9/21	1/21/22	1/30/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	-	132	322	325	448	597	789
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	160	114	118	60.7	154	187	238
ROE (net income / shareholders' equity)	14.4%	24.4%	18.2%	11.9%	9.72%	11%	12%	13%
ROA (Net income/ Total Assets)	12.2%	18%	13.1%	8.71%	7.1%	8%	9%	9%
Assets ¹	1,335	1,840	2,315	2,548	2,803	3,038	3,322	3,911
Book Value Per Share ²	8.550	10.80	12.60	14.00	15.20	16.70	18.60	20.70
Cash Flow per Share ²	0.9000	1.470	1.270	1.280	1.410	1.580	-	-
Capex ¹	78.5	46.6	64.4	61.2	137	25	-	-
Capex / Sales	12.08%	4.11%	4.96%	4.58%	9.11%	1.41%	-	-
Announcement Date	1/17/20	4/9/21	1/21/22	1/30/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

29.35 CNY

Average target price

40.66 CNY

Spread / Average Target

+38.52%

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