NINGBO ORIENT WIRES & CABLES CO.,LTD. Financials Ningbo Orient Wires & Cables Co.,Ltd.
Equities
603606
CNE100001T23
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 44.94 CNY | -0.95% |
|
+1.93% | +5.12% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,182 | 16,320 | 35,184 | 46,648 | 29,400 | 30,906 | - | - |
| Enterprise Value (EV) 1 | 7,182 | 16,320 | 35,184 | 45,560 | 28,078 | 28,931 | 28,291 | 27,464 |
| P/E ratio | 15.9 x | 18.6 x | 28.3 x | 55.6 x | 29.5 x | 24.4 x | 16.1 x | 14.3 x |
| Yield | - | - | 0.68% | 0.37% | 1.05% | 1.08% | 1.5% | 1.71% |
| Capitalization / Revenue | 1.95 x | 3.23 x | 4.44 x | 6.66 x | 4.02 x | 3.66 x | 2.72 x | 2.51 x |
| EV / Revenue | 1.95 x | 3.23 x | 4.44 x | 6.5 x | 3.84 x | 3.42 x | 2.49 x | 2.23 x |
| EV / EBITDA | 12.2 x | 14.8 x | 24.3 x | 41.3 x | 21.4 x | 17.4 x | 11.3 x | 10.2 x |
| EV / FCF | - | - | -484 x | 224 x | 48.5 x | 32.5 x | 27.4 x | 29.4 x |
| FCF Yield | - | - | -0.21% | 0.45% | 2.06% | 3.08% | 3.64% | 3.4% |
| Price to Book | 3.36 x | 5.4 x | 7.21 x | 8.49 x | 4.67 x | 4.18 x | 3.41 x | 2.93 x |
| Nbr of stocks (in thousands) | 654,105 | 654,105 | 687,715 | 687,715 | 687,715 | 687,715 | - | - |
| Reference price 2 | 10.98 | 24.95 | 51.16 | 67.83 | 42.75 | 44.94 | 44.94 | 44.94 |
| Announcement Date | 4/1/20 | 3/26/21 | 3/24/22 | 3/9/23 | 3/20/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,690 | 5,052 | 7,932 | 7,009 | 7,310 | 8,450 | 11,348 | 12,316 |
| EBITDA 1 | 587.2 | 1,102 | 1,448 | 1,104 | 1,311 | 1,658 | 2,510 | 2,683 |
| EBIT 1 | 522.4 | 1,031 | 1,372 | 957.3 | 1,151 | 1,437 | 2,140 | 2,476 |
| Operating Margin | 14.15% | 20.41% | 17.3% | 13.66% | 15.74% | 17.01% | 18.86% | 20.1% |
| Earnings before Tax (EBT) 1 | 517.7 | 1,029 | 1,370 | 960.4 | 1,146 | 1,412 | 2,130 | 2,463 |
| Net income 1 | 452.1 | 887.3 | 1,189 | 842.4 | 1,000 | 1,276 | 1,869 | 2,163 |
| Net margin | 12.25% | 17.56% | 14.99% | 12.02% | 13.68% | 15.1% | 16.47% | 17.57% |
| EPS 2 | 0.6900 | 1.340 | 1.810 | 1.220 | 1.450 | 1.844 | 2.797 | 3.144 |
| Free Cash Flow 1 | - | - | -72.67 | 203.7 | 578.5 | 890 | 1,031 | 935 |
| FCF margin | - | - | -0.92% | 2.91% | 7.91% | 10.53% | 9.09% | 7.59% |
| FCF Conversion (EBITDA) | - | - | - | 18.45% | 44.14% | 53.68% | 41.08% | 34.84% |
| FCF Conversion (Net income) | - | - | - | 24.18% | 57.85% | 69.76% | 55.16% | 43.22% |
| Dividend per Share 2 | - | - | 0.3500 | 0.2500 | 0.4500 | 0.4871 | 0.6744 | 0.7671 |
| Announcement Date | 4/1/20 | 3/26/21 | 3/24/22 | 3/9/23 | 3/20/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,805 | 1,344 | 1,438 | 2,250 | 1,661 | 1,961 | 1,310 | 2,478 | 1,900 | 2,230 | 2,181 | 2,974 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | 245.1 | 115 | 296.4 | 418.7 | 241.6 | 193.8 | 306.6 | - | - | - | - | - |
| Operating Margin | - | 13.57% | 8.55% | 20.62% | 18.61% | 14.54% | 9.88% | 23.39% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | 296.1 | - | 238 | 193.1 | 306.4 | - | - | - | - | - |
| Net income | 522.2 | - | - | 255.8 | 360.8 | 205.3 | 178.2 | 263.4 | - | - | - | - | - |
| Net margin | - | - | - | 17.79% | 16.03% | 12.36% | 9.09% | 20.1% | - | - | - | - | - |
| EPS 2 | - | - | 0.1500 | - | - | 0.3000 | 0.2500 | 0.3800 | 0.7254 | 0.7086 | 0.3393 | 1.282 | 1.076 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/5/22 | 10/27/22 | 3/9/23 | 4/21/23 | 8/4/23 | 10/25/23 | 3/20/24 | 4/26/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 1,088 | 1,321 | 1,975 | 2,615 | 3,442 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | -72.7 | 204 | 579 | 890 | 1,031 | 935 |
| ROE (net income / shareholders' equity) | 23.5% | 34.2% | 32.2% | 16.3% | 17% | 17.7% | 21.6% | 20.7% |
| ROA (Net income/ Total Assets) | - | - | 16.4% | - | - | 11.6% | 14.6% | 14.4% |
| Assets 1 | - | - | 7,238 | - | - | 11,034 | 12,788 | 14,977 |
| Book Value Per Share 2 | 3.270 | 4.620 | 7.100 | 7.990 | 9.150 | 10.70 | 13.20 | 15.40 |
| Cash Flow per Share 2 | 1.030 | 1.060 | 0.8500 | 0.9400 | 1.730 | 2.110 | 2.430 | 2.120 |
| Capex 1 | 302 | 487 | 659 | 444 | 612 | 561 | 593 | 545 |
| Capex / Sales | 8.18% | 9.64% | 8.31% | 6.33% | 8.37% | 6.64% | 5.22% | 4.42% |
| Announcement Date | 4/1/20 | 3/26/21 | 3/24/22 | 3/9/23 | 3/20/24 | - | - | - |
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
D
Sell
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
44.94
CNY
Average target price
53.37
CNY
Spread / Average Target
+18.75%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.12% | 4.28B | |
| +28.39% | 15.54B | |
| +31.10% | 4.89B | |
| -5.43% | 4.55B | |
| +31.65% | 4.44B | |
| +15.23% | 4.14B | |
| +5.40% | 3.9B | |
| +54.18% | 2.91B | |
| +2.20% | 2.17B | |
| +41.87% | 1.96B |
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- Financials Ningbo Orient Wires & Cables Co.,Ltd.