Stock 002372 ZHEJIANG WEIXING NEW BUILDING MATERIALS CO., LTD.
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Financials Zhejiang Weixing New Building Materials Co., Ltd.

Equities

002372

CNE100000MK9

Construction Supplies & Fixtures

End-of-day quote Shenzhen S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
17 CNY +1.19% Intraday chart for Zhejiang Weixing New Building Materials Co., Ltd. +0.53% +17.48%
Apr. 26 Zhejiang Weixing New Building Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Apr. 09 Zhejiang Weixing New Building Materials Co., Ltd. Proposes Final Cash Dividend for the Year 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,718 29,773 38,258 33,570 22,762 26,771 - -
Enterprise Value (EV) 1 19,128 27,749 35,849 30,408 19,594 23,140 22,662 22,186
P/E ratio 20.9 x 24.6 x 31.6 x 26 x 16.1 x 18.6 x 16.9 x 15.4 x
Yield 3.8% 2.67% 2.47% 2.81% 5.53% 4.37% 4.79% 5.27%
Capitalization / Revenue 4.44 x 5.83 x 5.99 x 4.83 x 3.55 x 3.76 x 3.36 x 3.05 x
EV / Revenue 4.1 x 5.44 x 5.61 x 4.37 x 3.05 x 3.25 x 2.85 x 2.53 x
EV / EBITDA 14.6 x 18.2 x 22.6 x 18.1 x 10.3 x 13 x 11.6 x 10.3 x
EV / FCF 26.4 x - 26.3 x 22.9 x 19.7 x 23.3 x 17.5 x 18.9 x
FCF Yield 3.79% - 3.8% 4.36% 5.07% 4.29% 5.73% 5.3%
Price to Book 5.33 x 6.89 x 7.87 x 6.38 x 4.12 x 4.56 x 4.18 x 4.06 x
Nbr of stocks (in thousands) 1,573,113 1,592,113 1,573,113 1,573,113 1,573,078 1,574,768 - -
Reference price 2 13.17 18.70 24.32 21.34 14.47 17.00 17.00 17.00
Announcement Date 4/16/20 3/1/21 2/27/22 2/27/23 2/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,664 5,105 6,388 6,954 6,421 7,120 7,956 8,772
EBITDA 1 1,310 1,522 1,587 1,681 1,900 1,777 1,946 2,156
EBIT 1 1,194 1,387 1,441 1,533 1,688 1,747 1,922 2,086
Operating Margin 25.6% 27.17% 22.57% 22.04% 26.29% 24.53% 24.16% 23.77%
Earnings before Tax (EBT) 1 1,196 1,384 1,440 1,535 1,685 1,742 1,915 2,102
Net income 1 983.2 1,193 1,223 1,297 1,427 1,457 1,602 1,757
Net margin 21.08% 23.36% 19.15% 18.66% 22.22% 20.47% 20.13% 20.03%
EPS 2 0.6300 0.7600 0.7700 0.8200 0.9000 0.9154 1.006 1.103
Free Cash Flow 1 725.5 - 1,364 1,325 994.3 992 1,298 1,175
FCF margin 15.56% - 21.35% 19.06% 15.49% 13.93% 16.32% 13.39%
FCF Conversion (EBITDA) 55.38% - 85.91% 78.85% 52.32% 55.84% 66.71% 54.49%
FCF Conversion (Net income) 73.79% - 111.46% 102.16% 69.69% 68.07% 81.04% 66.88%
Dividend per Share 2 0.5000 0.5000 0.6000 0.6000 0.8000 0.7429 0.8143 0.8959
Announcement Date 4/16/20 3/1/21 2/27/22 2/27/23 2/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 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 2025 Q1 2025 Q2
Net sales 1 2,361 1,006 1,496 1,661 2,790 896.4 1,341 2,237 1,509 2,675 996.7 1,699 1,693 2,715 - -
EBITDA - - - - - - - - - - - - - - - -
EBIT 1 525.1 142.5 299.1 479.9 611.4 197.6 383.5 - 466.9 640.2 184.8 372.1 391.5 627.5 - -
Operating Margin 22.24% 14.17% 19.99% 28.89% 21.91% 22.04% 28.6% - 30.95% 23.93% 18.54% 21.91% 23.12% 23.11% - -
Earnings before Tax (EBT) 1 524.6 - - 479.9 - - 381.4 - 467.3 639 185.4 -125.7 -363.3 1,914 - -
Net income 1 450.4 - 247.6 404.2 - - 320.5 494.1 380.2 552.5 153.5 -104.1 -300.9 1,603 - -
Net margin 19.08% - 16.55% 24.33% - - 23.9% 22.09% 25.2% 20.66% 15.41% -6.13% -17.77% 59.06% - -
EPS 2 0.2800 0.0700 0.1500 0.2600 0.3400 0.1100 0.2000 - 0.2400 0.3500 0.1000 0.1049 0.1170 0.5324 - -
Dividend per Share 2 0.6000 - - - - - - - - - - - - 0.7086 - -
Announcement Date 2/27/22 4/27/22 8/16/22 10/27/22 2/27/23 4/27/23 8/24/23 8/24/23 10/27/23 2/28/24 4/26/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,590 2,024 2,409 3,163 3,168 3,631 4,109 4,585
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 726 - 1,364 1,325 994 992 1,298 1,175
ROE (net income / shareholders' equity) 27.1% 30% 27.2% 25.8% 26.1% 24.9% 25.4% 26.7%
ROA (Net income/ Total Assets) 20.8% 22.8% 20.2% 19.7% 20% 19% 19.5% 19.5%
Assets 1 4,719 5,242 6,048 6,582 7,134 7,684 8,223 9,005
Book Value Per Share 2 2.470 2.720 3.090 3.350 3.510 3.720 4.060 4.190
Cash Flow per Share 2 0.5700 0.8500 1.010 0.9600 0.8600 0.9600 1.090 1.160
Capex 1 169 197 230 205 380 299 318 261
Capex / Sales 3.62% 3.86% 3.6% 2.95% 5.91% 4.2% 3.99% 2.98%
Announcement Date 4/16/20 3/1/21 2/27/22 2/27/23 2/28/24 - - -
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

Ratings for Zhejiang Weixing New Building Materials Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
17 CNY
Average target price
19.52 CNY
Spread / Average Target
+14.80%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Plumbing Fixtures & Fittings

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Plumbing Fixtures & Fittings
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