Financials WuXi Biologics (Cayman) Inc.

Equities

2269

KYG970081173

Biotechnology & Medical Research

Market Closed - Hong Kong S.E. 04:08:06 2024-04-30 am EDT 5-day change 1st Jan Change
13.74 HKD -1.58% Intraday chart for WuXi Biologics (Cayman) Inc. +7.34% -53.58%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 114,126 353,422 318,544 223,341 113,607 53,754 - -
Enterprise Value (EV) 1 109,822 348,931 312,303 219,728 108,159 46,746 45,689 43,294
P/E ratio 116 x 216 x 97.9 x 52.3 x 34.9 x 14.3 x 11.2 x 10.1 x
Yield - - - - - - - -
Capitalization / Revenue 28.6 x 63 x 31 x 14.6 x 6.67 x 2.94 x 2.44 x 2.2 x
EV / Revenue 27.6 x 62.2 x 30.4 x 14.4 x 6.35 x 2.56 x 2.07 x 1.77 x
EV / EBITDA 65.7 x 142 x 68 x 32 x 15.5 x 7.29 x 5.79 x 5.07 x
EV / FCF -54.8 x -83.5 x -101 x -673 x - 274 x 20.1 x 21.2 x
FCF Yield -1.82% -1.2% -0.99% -0.15% - 0.36% 4.98% 4.73%
Price to Book 8.93 x 17.2 x 10.3 x 6.37 x 2.9 x 1.21 x 1.07 x 0.98 x
Nbr of stocks (in thousands) 3,883,578 4,084,763 4,224,123 4,225,262 4,222,732 4,162,831 - -
Reference price 2 29.39 86.52 75.41 52.86 26.90 12.91 12.91 12.91
Announcement Date 3/26/20 3/23/21 3/22/22 3/22/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,984 5,612 10,290 15,269 17,034 18,280 22,036 24,399
EBITDA 1 1,671 2,464 4,590 6,857 6,993 6,413 7,892 8,546
EBIT 1 1,156 2,008 3,327 4,609 4,253 4,904 6,125 6,880
Operating Margin 29.02% 35.79% 32.33% 30.18% 24.97% 26.83% 27.79% 28.2%
Earnings before Tax (EBT) 1 1,127 1,966 3,993 5,358 4,174 4,749 6,023 6,655
Net income 1 1,010 1,689 3,388 4,420 3,400 3,919 4,987 5,503
Net margin 25.36% 30.09% 32.93% 28.95% 19.96% 21.44% 22.63% 22.56%
EPS 2 0.2533 0.4000 0.7700 1.010 0.7700 0.9044 1.154 1.281
Free Cash Flow 1 -2,003 -4,178 -3,106 -326.7 - 170.5 2,276 2,046
FCF margin -50.27% -74.44% -30.19% -2.14% - 0.93% 10.33% 8.38%
FCF Conversion (EBITDA) - - - - - 2.66% 28.83% 23.94%
FCF Conversion (Net income) - - - - - 4.35% 45.63% 37.17%
Dividend per Share 2 - - - - - - - -
Announcement Date 3/26/20 3/23/21 3/22/22 3/22/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 1,944 3,668 4,407 5,883 7,206 8,062 8,492 8,542 8,016 10,047
EBITDA - - - - - - - - - -
EBIT 1 - - 1,773 1,553 2,484 2,054 2,434 1,819 2,108 2,583
Operating Margin - - 40.24% 26.4% 34.47% 25.47% 28.66% 21.29% 26.3% 25.71%
Earnings before Tax (EBT) - 1,261 - - - 2,428 2,529 1,645 - -
Net income - 952.8 - 1,546 - 1,885 2,267 1,133 - -
Net margin - 25.97% - 26.28% - 23.38% 26.69% 13.26% - -
EPS - - - - - - 0.5200 - - -
Dividend per Share - - - - - - - - - -
Announcement Date 9/21/20 3/23/21 8/23/21 3/22/22 8/17/22 3/22/23 8/23/23 3/26/24 - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 4,304 4,491 6,241 3,612 5,448 7,008 8,065 10,460
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -2,003 -4,178 -3,106 -327 - 171 2,276 2,046
ROE (net income / shareholders' equity) 11.6% 10.1% 12.8% 13.1% 9.02% 9.06% 10.4% 10.3%
ROA (Net income/ Total Assets) 8.93% 7.25% 9.28% 9.45% 6.41% 6.9% 8.2% 8.09%
Assets 1 11,317 23,283 36,498 46,798 53,070 56,803 60,819 68,035
Book Value Per Share 2 3.290 5.030 7.300 8.290 9.270 10.70 12.00 13.20
Cash Flow per Share 2 0.3000 0.4400 0.7700 1.270 - 1.580 1.760 1.830
Capex 1 3,211 6,025 6,508 5,868 - 5,306 4,589 3,989
Capex / Sales 80.59% 107.35% 63.24% 38.43% - 29.03% 20.82% 16.35%
Announcement Date 3/26/20 3/23/21 3/22/22 3/22/23 3/26/24 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
30
Last Close Price
12.91 CNY
Average target price
26.4 CNY
Spread / Average Target
+104.45%
Consensus

Quarterly revenue - Rate of surprise

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