Financials Goldwind Science And Technology Co., Ltd.

Equities

002202

CNE1000008S5

Renewable Energy Equipment & Services

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
7.43 CNY +1.36% Intraday chart for Goldwind Science And Technology Co., Ltd. -0.13% -7.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 47,504 59,332 66,438 42,722 30,077 27,929 - -
Enterprise Value (EV) 1 61,296 74,713 86,519 65,659 48,667 58,637 57,368 59,805
P/E ratio 23.4 x 21.2 x 20.9 x 21.1 x 27.8 x 14.5 x 10.9 x 10.2 x
Yield 1.34% 1.75% 1.52% 1.09% 1.25% 1.88% 2.37% 2.46%
Capitalization / Revenue 1.24 x 1.05 x 1.31 x 0.92 x 0.6 x 0.5 x 0.46 x 0.44 x
EV / Revenue 1.6 x 1.33 x 1.71 x 1.42 x 0.96 x 1.05 x 0.95 x 0.94 x
EV / EBITDA 15 x 14.5 x 13.2 x 9.91 x 9.25 x 7.58 x 6.52 x 6.07 x
EV / FCF -12.2 x -36.5 x -15.2 x 11.2 x -9.95 x -14.3 x 77.8 x 43.7 x
FCF Yield -8.22% -2.74% -6.57% 8.96% -10.1% -7% 1.28% 2.29%
Price to Book 1.65 x 1.93 x 1.96 x 1.32 x 0.9 x 0.8 x 0.73 x 0.72 x
Nbr of stocks (in thousands) 4,225,068 4,225,068 4,225,068 4,225,068 4,225,068 4,225,068 - -
Reference price 2 11.95 14.25 16.47 11.00 8.000 7.430 7.430 7.430
Announcement Date 3/31/20 3/26/21 3/25/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 38,245 56,265 50,571 46,254 50,457 55,980 60,413 63,394
EBITDA 1 4,085 5,168 6,557 6,625 5,260 7,740 9,184 9,859
EBIT 1 2,571 3,275 4,332 3,882 2,599 4,394 5,085 5,591
Operating Margin 6.72% 5.82% 8.57% 8.39% 5.15% 7.85% 8.42% 8.82%
Earnings before Tax (EBT) 1 2,561 3,274 4,339 2,772 2,519 3,490 4,318 4,154
Net income 1 2,210 2,964 3,457 2,383 1,331 2,323 2,891 2,947
Net margin 5.78% 5.27% 6.84% 5.15% 2.64% 4.15% 4.78% 4.65%
EPS 2 0.5100 0.6732 0.7887 0.5203 0.2879 0.5141 0.6800 0.7304
Free Cash Flow 1 -5,039 -2,049 -5,685 5,881 -4,892 -4,102 737 1,367
FCF margin -13.18% -3.64% -11.24% 12.72% -9.7% -7.33% 1.22% 2.16%
FCF Conversion (EBITDA) - - - 88.78% - - 8.03% 13.87%
FCF Conversion (Net income) - - - 246.76% - - 25.5% 46.39%
Dividend per Share 2 0.1600 0.2500 0.2500 0.1200 0.1000 0.1394 0.1761 0.1824
Announcement Date 3/31/20 3/26/21 3/25/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 22,511 19,425 36,840 17,904 15,647 17,020 32,667 6,383 - 16,512 - - 29,742 - - 18,909 10,318 21,138 6,979 12,430 11,487 24,513
EBITDA - - - - - - - - - - - - - - - - - - - - - -
EBIT - - - 2,344 - - - - - 2,349 - - - - - - - - - - - -
Operating Margin - - - 13.09% - - - - - 14.23% - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - - - - - - -
Net income - - - - - 444.1 - - - 1,920 - - - - - - - - - - - -
Net margin - - - - - 2.61% - - - 11.63% - - - - - - - - - - - -
EPS 2 0.2150 0.2898 0.3800 0.4132 0.2756 0.1012 0.3755 0.2852 0.1548 0.4400 0.0868 -0.006500 0.0800 0.2860 -0.0100 0.2836 - 0.0100 0.0726 0.0100 - 0.3800
Dividend per Share - - - - - 0.2500 - - - - - 0.1200 - - - - - 0.1000 - - - -
Announcement Date 3/31/20 8/28/20 3/26/21 8/20/21 10/26/21 3/25/22 3/25/22 4/26/22 8/19/22 8/19/22 10/26/22 3/30/23 3/30/23 4/26/23 8/21/23 8/21/23 10/26/23 3/28/24 4/26/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 13,792 15,381 20,081 22,937 18,591 30,708 29,439 31,876
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.376 x 2.976 x 3.062 x 3.462 x 3.534 x 3.856 x 3.206 x 3.233 x
Free Cash Flow 1 -5,039 -2,049 -5,685 5,881 -4,892 -4,102 -524 1,367
ROE (net income / shareholders' equity) 7.94% 9.51% 9.92% 6.45% 3.45% 6.29% 7.49% 7.13%
ROA (Net income/ Total Assets) 2.4% 2.79% 3.03% 1.86% 0.92% 1.67% 2.25% 1.46%
Assets 1 92,192 106,105 114,249 128,245 145,115 139,546 128,259 201,270
Book Value Per Share 2 7.260 7.380 8.410 8.310 8.900 9.240 10.10 10.20
Cash Flow per Share 2 1.400 1.270 1.160 1.390 0.4400 0.9600 1.270 1.730
Capex 1 11,156 7,426 10,572 8,729 6,746 7,107 6,927 6,255
Capex / Sales 29.17% 13.2% 20.91% 18.87% 13.37% 12.7% 11.47% 9.87%
Announcement Date 3/31/20 3/26/21 3/25/22 3/30/23 3/28/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
7.43 CNY
Average target price
8.144 CNY
Spread / Average Target
+9.61%
Consensus
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  4. Financials Goldwind Science And Technology Co., Ltd.