Financials Wanxiang Qianchao Co.,Ltd.

Equities

000559

CNE000000FB3

Auto, Truck & Motorcycle Parts

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-15 pm EDT 5-day change 1st Jan Change
5.08 CNY -4.51% Intraday chart for Wanxiang Qianchao Co.,Ltd. 0.00% -2.12%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 27,945 14,096 14,784 17,675 21,045 16,089
Enterprise Value (EV) 1 27,145 13,725 14,376 14,077 17,226 15,311
P/E ratio 31.7 x 19.5 x 28.3 x 35.7 x 30.7 x 20.3 x
Yield 1.97% 3.91% 1.12% 3.74% 2.83% 5.54%
Capitalization / Revenue 2.51 x 1.24 x 1.4 x 1.62 x 1.47 x 1.15 x
EV / Revenue 2.43 x 1.21 x 1.36 x 1.29 x 1.2 x 1.09 x
EV / EBITDA 20.8 x 12.5 x 16.2 x 15.8 x 16.5 x 16.2 x
EV / FCF 98.3 x 149 x 73.2 x 49.8 x 28.8 x 21 x
FCF Yield 1.02% 0.67% 1.37% 2.01% 3.47% 4.77%
Price to Book 5.53 x 2.7 x 2.84 x 2.05 x 2.46 x 1.85 x
Nbr of stocks (in thousands) 2,753,159 2,753,159 2,753,159 3,303,791 3,303,791 3,303,791
Reference price 2 10.15 5.120 5.370 5.350 6.370 4.870
Announcement Date 3/29/18 3/27/19 4/19/20 3/25/21 3/29/22 3/27/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 11,154 11,362 10,581 10,882 14,322 14,015
EBITDA 1 1,304 1,097 886.4 892.9 1,043 942.3
EBIT 1 908.1 667 409.8 421.2 575.2 490.8
Operating Margin 8.14% 5.87% 3.87% 3.87% 4.02% 3.5%
Earnings before Tax (EBT) 1 1,027 810.7 592.7 503.5 759.4 855.3
Net income 1 881.5 722.6 536 436.1 686.5 809.1
Net margin 7.9% 6.36% 5.07% 4.01% 4.79% 5.77%
EPS 2 0.3200 0.2620 0.1900 0.1500 0.2078 0.2400
Free Cash Flow 1 276.2 92.18 196.4 282.5 597.1 729.9
FCF margin 2.48% 0.81% 1.86% 2.6% 4.17% 5.21%
FCF Conversion (EBITDA) 21.18% 8.41% 22.15% 31.64% 57.25% 77.46%
FCF Conversion (Net income) 31.34% 12.76% 36.63% 64.78% 86.99% 90.21%
Dividend per Share 2 0.2000 0.2000 0.0600 0.2000 0.1800 0.2700
Announcement Date 3/29/18 3/27/19 4/19/20 3/25/21 3/29/22 3/27/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 800 371 409 3,599 3,820 778
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 276 92.2 196 283 597 730
ROE (net income / shareholders' equity) 18.3% 13.8% 10% 6.21% 7.96% 9.24%
ROA (Net income/ Total Assets) 4.93% 3.54% 2.13% 1.91% 2.23% 1.7%
Assets 1 17,897 20,433 25,193 22,794 30,848 47,488
Book Value Per Share 2 1.830 1.890 1.890 2.600 2.590 2.630
Cash Flow per Share 2 0.6400 0.7500 0.7600 1.540 1.890 1.310
Capex 1 536 595 515 323 172 310
Capex / Sales 4.8% 5.24% 4.86% 2.97% 1.2% 2.21%
Announcement Date 3/29/18 3/27/19 4/19/20 3/25/21 3/29/22 3/27/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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