Financials Wingtech Technology Co.,Ltd

Equities

600745

CNE000000M72

Phones & Handheld Devices

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
31.04 CNY +2.17% Intraday chart for Wingtech Technology Co.,Ltd -9.58% -26.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 103,973 123,249 160,986 65,533 52,583 38,441 - -
Enterprise Value (EV) 1 112,291 126,627 166,257 75,519 64,212 43,870 39,068 41,305
P/E ratio 52.6 x 48.1 x 61.3 x 44.6 x 44.5 x 29.2 x 9.47 x 10.6 x
Yield 0.16% 0.17% 0.16% - 0.3% 0.63% 0.94% -
Capitalization / Revenue 2.5 x 2.38 x 3.05 x 1.13 x 0.86 x 0.57 x 0.49 x 0.47 x
EV / Revenue 2.7 x 2.45 x 3.15 x 1.3 x 1.05 x 0.65 x 0.49 x 0.51 x
EV / EBITDA 51.3 x 29.4 x 35.5 x 16.4 x 13.4 x 11.9 x 4.63 x 5.61 x
EV / FCF 30.7 x 28.8 x -50.2 x -14.4 x 64.6 x -36.3 x 11 x 19.5 x
FCF Yield 3.25% 3.47% -1.99% -6.95% 1.55% -2.76% 9.09% 5.12%
Price to Book 4.91 x 4.24 x 5.01 x 1.91 x 1.48 x 0.99 x 0.86 x 0.83 x
Nbr of stocks (in thousands) 1,124,034 1,244,938 1,245,060 1,246,343 1,242,809 1,238,447 - -
Reference price 2 92.50 99.00 129.3 52.58 42.31 31.04 31.04 31.04
Announcement Date 4/3/20 4/29/21 4/25/22 4/28/23 4/22/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 41,578 51,707 52,729 58,079 61,213 67,258 79,204 81,476
EBITDA 1 2,188 4,307 4,677 4,614 4,790 3,689 8,441 7,366
EBIT 1 1,537 2,678 2,948 2,112 1,988 1,415 5,171 3,413
Operating Margin 3.7% 5.18% 5.59% 3.64% 3.25% 2.1% 6.53% 4.19%
Earnings before Tax (EBT) 1 1,473 2,652 2,972 2,107 1,980 4,629 5,308 5,295
Net income 1 1,254 2,415 2,612 1,460 1,181 3,700 4,248 4,418
Net margin 3.01% 4.67% 4.95% 2.51% 1.93% 5.5% 5.36% 5.42%
EPS 2 1.760 2.060 2.110 1.180 0.9500 1.065 3.278 2.925
Free Cash Flow 1 3,655 4,392 -3,312 -5,250 993.8 -1,210 3,551 2,116
FCF margin 8.79% 8.49% -6.28% -9.04% 1.62% -1.8% 4.48% 2.6%
FCF Conversion (EBITDA) 167.07% 101.98% - - 20.75% - 42.07% 28.73%
FCF Conversion (Net income) 291.54% 181.85% - - 84.13% - 83.59% 47.9%
Dividend per Share 2 0.1500 0.1650 0.2038 - 0.1250 0.1948 0.2907 -
Announcement Date 4/3/20 4/29/21 4/25/22 4/28/23 4/22/24 - - -
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 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 14,083 14,803 13,693 13,589 15,994 14,427 14,778 15,206 16,801 - 16,059 16,253 15,906
EBITDA 1 587.2 - - - - - - - - - 763 933 1,126
EBIT 657.4 697.4 916.5 972.9 -474.5 771.1 1,064 1,019 -865.3 - - - -
Operating Margin 4.67% 4.71% 6.69% 7.16% -2.97% 5.34% 7.2% 6.7% -5.15% - - - -
Earnings before Tax (EBT) 1 684.6 - 915.7 970.6 -477.6 772.3 1,064 1,014 -869.6 - -53 117 324
Net income 1 570.2 502.7 679.1 761.7 -483.7 460.4 797.7 841.5 -918.3 - -44 96 265
Net margin 4.05% 3.4% 4.96% 5.61% -3.02% 3.19% 5.4% 5.53% -5.47% - -0.27% 0.59% 1.67%
EPS 2 0.4600 0.4000 0.5500 0.6200 -0.3900 0.3700 0.6400 0.6800 -0.7400 0.1200 0.5700 0.6400 0.6500
Dividend per Share 0.2038 - - - - - - - - - - - -
Announcement Date 4/25/22 4/25/22 8/26/22 10/28/22 4/28/23 4/28/23 8/25/23 10/25/23 4/22/24 4/22/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,318 3,378 5,271 9,986 11,628 5,429 627 2,863
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.803 x 0.7843 x 1.127 x 2.164 x 2.428 x 1.472 x 0.0742 x 0.3887 x
Free Cash Flow 1 3,655 4,392 -3,312 -5,250 994 -1,210 3,551 2,116
ROE (net income / shareholders' equity) 19.5% 9.74% 8.39% 4.19% 3.18% 3.45% 9.21% 8.3%
ROA (Net income/ Total Assets) 3.06% 3.86% 3.94% - - 4.33% 5.01% -
Assets 1 41,033 62,508 66,232 - - 85,427 84,871 -
Book Value Per Share 2 18.90 23.30 25.80 27.60 28.70 31.20 36.10 37.60
Cash Flow per Share 2 6.490 5.310 1.400 1.340 4.690 3.190 7.990 5.120
Capex 1 921 2,222 5,061 6,914 4,831 4,575 4,285 4,046
Capex / Sales 2.22% 4.3% 9.6% 11.9% 7.89% 6.8% 5.41% 4.97%
Announcement Date 4/3/20 4/29/21 4/25/22 4/28/23 4/22/24 - - -
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
BUY
Number of Analysts
17
Last Close Price
31.04 CNY
Average target price
60.38 CNY
Spread / Average Target
+94.52%
Consensus
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  4. Financials Wingtech Technology Co.,Ltd