Financials Neway Valve (Suzhou) Co., Ltd.

Equities

603699

CNE100001SJ6

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
18.78 ^CNY	+3.93%		+3.53%	+35.50%

Apr. 25	Neway Valve Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 12	Neway Valve Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,280	9,310	8,162	8,315	10,539	14,280	-	-
Enterprise Value (EV) ¹	10,280	9,310	8,162	8,315	10,539	14,280	14,280	14,280
P/E ratio	22.7 x	17.8 x	21.9 x	17.9 x	14.4 x	17.1 x	14.7 x	13.7 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	3.36 x	2.56 x	2.06 x	2.05 x	1.9 x	2.16 x	1.78 x	1.64 x
EV / Revenue	3.36 x	2.56 x	2.06 x	2.05 x	1.9 x	2.16 x	1.78 x	1.64 x
EV / EBITDA	16.5 x	12.9 x	14.6 x	12 x	10.7 x	12 x	10.5 x	9.7 x
EV / FCF	-	-	-	-	-	-	36,647,584 x	15,238,606 x
FCF Yield	-	-	-	-	-	-	0%	0%
Price to Book	3.95 x	3.28 x	2.8 x	2.56 x	2.82 x	3.12 x	2.8 x	2.17 x
Nbr of stocks (in thousands)	743,846	745,370	745,370	749,062	760,389	760,389	-	-
Reference price ²	13.82	12.49	10.95	11.10	13.86	18.78	18.78	18.78
Announcement Date	4/25/20	4/15/21	4/15/22	4/13/23	4/12/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,057	3,632	3,962	4,059	5,544	6,621	8,042	8,727
EBITDA ¹	623.4	720.4	559.4	691.9	987.1	1,189	1,366	1,472
EBIT ¹	538.6	620	434.5	546.6	825.7	971.5	1,128	1,215
Operating Margin	17.62%	17.07%	10.97%	13.47%	14.89%	14.67%	14.02%	13.92%
Earnings before Tax (EBT) ¹	544.1	627.6	433.3	548.5	849	979.9	1,134	1,229
Net income ¹	455.4	527.6	377.5	466.1	721.8	833.1	966.3	1,045
Net margin	14.9%	14.53%	9.53%	11.48%	13.02%	12.58%	12.02%	11.97%
EPS ²	0.6100	0.7000	0.5000	0.6200	0.9600	1.100	1.280	1.370
Free Cash Flow	-	-	-	-	-	-	389.7	937.1
FCF margin	-	-	-	-	-	-	4.85%	10.74%
FCF Conversion (EBITDA)	-	-	-	-	-	-	28.54%	63.66%
FCF Conversion (Net income)	-	-	-	-	-	-	40.33%	89.67%
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	4/25/20	4/15/21	4/15/22	4/13/23	4/12/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q2	2022 S1
Net sales	-	-	-
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income ¹	68.16	120.8	189
Net margin	-	-	-
EPS	0.0900	-	-
Dividend per Share	-	-	-
Announcement Date	4/29/22	8/26/22	8/26/22

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	390	937
ROE (net income / shareholders' equity)	17.2%	19.3%	13.1%	15.1%	20.7%	18.1%	19.2%	15.8%
ROA (Net income/ Total Assets)	-	-	-	-	-	8.2%	8.3%	-
Assets ¹	-	-	-	-	-	10,160	11,642	-
Book Value Per Share ²	3.500	3.800	3.910	4.340	4.920	6.020	6.700	8.670
Cash Flow per Share ²	0.1000	0.7700	0.9200	0.7500	0.8400	-0.6200	2.690	-0.6900
Capex ¹	316	255	372	262	124	350	270	264
Capex / Sales	10.35%	7.01%	9.39%	6.45%	2.24%	5.28%	3.35%	3.02%
Announcement Date	4/25/20	4/15/21	4/15/22	4/13/23	4/12/24	-	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Neway Valve (Suzhou) Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

18.78 CNY

Average target price

20.41 CNY

Spread / Average Target

+8.68%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Industrial Valve Manufacturing

	1st Jan change	Capi.
NEWAY VALVE (SUZHOU) CO., LTD.	+35.50%	1.97B
VAT GROUP AG	+11.20%	15.36B
ZHEJIANG SANHUA INTELLIGENT CONTROLS CO.,LTD	-24.63%	10.96B
CRANE COMPANY	+22.19%	8.24B
WATTS WATER TECHNOLOGIES, INC.	-3.28%	6.73B
HELIOS TECHNOLOGIES, INC.	+0.49%	1.51B
SUFA TECHNOLOGY INDUSTRY CO., LTD., CNNC	+26.34%	975M
KITZ CORPORATION	+9.29%	751M
OMEGA FLEX, INC.	-5.19%	675M
WUXI SMART AUTO-CONTROL ENGINEERING CO., LTD.	-20.92%	402M

Industrial Valve Manufacturing