ZHEJIANG WEIXING INDUSTRIAL DEVELOPMENT CO., LTD. Financials Zhejiang Weixing Industrial Development Co., Ltd.
Equities
002003
CNE000001JH0
Apparel & Accessories
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.17 CNY | +1.93% |
|
+2.44% | +12.17% |
| Mar. 05 | Zhejiang Weixing's 2023 Profit Rises 13% | MT |
| Mar. 04 | Zhejiang Weixing Industrial Development Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,291 | 10,228 | 10,497 | 12,687 | 14,230 | - | - |
| Enterprise Value (EV) 1 | 5,291 | 10,228 | 10,497 | 12,687 | 14,230 | 14,230 | 14,230 |
| P/E ratio | 13.1 x | 22.1 x | 21.1 x | 20.5 x | 21.8 x | 19 x | 16.5 x |
| Yield | - | 3.9% | 3.46% | 4.15% | 3.78% | 4.15% | 4.77% |
| Capitalization / Revenue | - | 3.05 x | 2.89 x | 3.25 x | 3.17 x | 2.77 x | 2.44 x |
| EV / Revenue | - | 3.05 x | 2.89 x | 3.25 x | 3.17 x | 2.77 x | 2.44 x |
| EV / EBITDA | - | 14.4 x | 13.3 x | 14 x | 14.2 x | 12.5 x | 11.2 x |
| EV / FCF | - | 54.1 x | 91.6 x | 245 x | 9.82 x | 37 x | 33.6 x |
| FCF Yield | - | 1.85% | 1.09% | 0.41% | 10.2% | 2.71% | 2.97% |
| Price to Book | - | 3.8 x | 3.63 x | 2.92 x | 3.1 x | 2.98 x | 2.66 x |
| Nbr of stocks (in thousands) | 1,008,607 | 1,037,207 | 1,037,206 | 1,169,271 | 1,169,271 | - | - |
| Reference price 2 | 5.246 | 9.862 | 10.12 | 10.85 | 12.17 | 12.17 | 12.17 |
| Announcement Date | 4/1/21 | 4/15/22 | 3/21/23 | 3/5/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 3,356 | 3,628 | 3,907 | 4,487 | 5,140 | 5,837 |
| EBITDA 1 | - | 710.5 | 787.1 | 904.9 | 1,004 | 1,136 | 1,270 |
| EBIT 1 | - | 527.5 | 588 | 672.8 | 778.7 | 894.8 | 1,027 |
| Operating Margin | - | 15.72% | 16.21% | 17.22% | 17.36% | 17.41% | 17.6% |
| Earnings before Tax (EBT) 1 | - | 515.8 | 580 | 666.2 | 771.8 | 887.6 | 1,019 |
| Net income 1 | 396.3 | 448.6 | 488.9 | 558.1 | 651.1 | 748.1 | 858.7 |
| Net margin | - | 13.37% | 13.48% | 14.29% | 14.51% | 14.56% | 14.71% |
| EPS 2 | 0.4000 | 0.4462 | 0.4800 | 0.5300 | 0.5580 | 0.6410 | 0.7357 |
| Free Cash Flow 1 | - | 189 | 114.7 | 51.83 | 1,449 | 385 | 423 |
| FCF margin | - | 5.63% | 3.16% | 1.33% | 32.29% | 7.49% | 7.25% |
| FCF Conversion (EBITDA) | - | 26.61% | 14.57% | 5.73% | 144.29% | 33.89% | 33.3% |
| FCF Conversion (Net income) | - | 42.13% | 23.45% | 9.29% | 222.56% | 51.46% | 49.26% |
| Dividend per Share 2 | - | 0.3846 | 0.3500 | 0.4500 | 0.4600 | 0.5050 | 0.5800 |
| Announcement Date | 4/1/21 | 4/15/22 | 3/21/23 | 3/5/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,829 | 989.9 | 809.6 | 697.2 | 1,132 | - | 1,076 | 1,002 | 800.5 | 1,334 | 1,195 | 977 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 65.22 | - | - | - | - | - | 301.9 | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | 0.0615 | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/28/22 | 8/26/22 | 10/27/22 | 3/21/23 | 4/28/23 | 8/14/23 | 8/14/23 | 10/26/23 | 3/5/24 | 4/28/24 | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 189 | 115 | 51.8 | 1,449 | 385 | 423 |
| ROE (net income / shareholders' equity) | - | 17.4% | 17.7% | 16.9% | 14.3% | 15.9% | 16.3% |
| ROA (Net income/ Total Assets) | - | 12.1% | 11.1% | 9.3% | 10.3% | 11.2% | 11.4% |
| Assets 1 | - | 3,721 | 4,406 | 5,999 | 6,346 | 6,696 | 7,534 |
| Book Value Per Share 2 | - | 2.600 | 2.790 | 3.720 | 3.930 | 4.090 | 4.570 |
| Cash Flow per Share 2 | - | 0.6100 | 0.7700 | 0.5900 | 0.7900 | 0.7700 | 0.9700 |
| Capex 1 | - | 445 | 680 | 636 | 437 | 417 | 427 |
| Capex / Sales | - | 13.27% | 18.75% | 16.28% | 9.74% | 8.12% | 7.32% |
| Announcement Date | 4/1/21 | 4/15/22 | 3/21/23 | 3/5/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
12.17
CNY
Average target price
13.25
CNY
Spread / Average Target
+8.87%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +12.17% | 1.96B | |
| -38.12% | 422M | |
| +3.04% | 307M | |
| -14.97% | 281M | |
| +17.59% | 255M | |
| -25.58% | 51.12M |
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- Financials Zhejiang Weixing Industrial Development Co., Ltd.
