Financials Shanghai Wanye Enterprises Co.,Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
12.95 ^CNY	-0.77%		+4.27%	-24.97%

Apr. 26	Shanghai Wanye Enterprises Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 02	Tranche Update on Shanghai Wanye Enterprises Co.,Ltd's Equity Buyback Plan announced on February 19, 2024.	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	7,320	14,322	18,367	30,297	16,500	12,052	12,052	-
Enterprise Value (EV) ¹	7,320	14,322	18,367	30,297	16,500	16,063	12,052	12,052
P/E ratio	7.51 x	25.2 x	58.3 x	80.5 x	38.9 x	106 x	34.3 x	32 x
Yield	-	-	0.52%	0.37%	0.77%	0.29%	0.87%	1.19%
Capitalization / Revenue	2.73 x	7.66 x	-	34.4 x	14.3 x	16.7 x	7.7 x	6.11 x
EV / Revenue	2.73 x	7.66 x	-	34.4 x	14.3 x	16.7 x	7.7 x	6.11 x
EV / EBITDA	-	-	-	58.1 x	30.3 x	74.5 x	58.5 x	43.2 x
EV / FCF	-	-	-	93.2 x	-19.5 x	-17.2 x	-44.8 x	-67.7 x
FCF Yield	-	-	-	1.07%	-5.12%	-5.8%	-2.23%	-1.48%
Price to Book	-	2.42 x	-	4.19 x	2.04 x	1.92 x	1.44 x	1.34 x
Nbr of stocks (in thousands)	967,394	914,182	910,630	910,630	930,630	930,630	930,630	-
Reference price ²	7.567	15.67	20.17	33.27	17.73	12.95	12.95	12.95
Announcement Date	4/17/19	4/25/20	4/16/21	4/29/22	4/28/23	4/27/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	2,679	1,869	-	879.9	1,158	964.6	1,566	1,972
EBITDA ¹	-	-	-	521.1	544.8	215.6	206	278.9
EBIT ¹	-	736.6	-	494.9	511.1	178.1	656	571.5
Operating Margin	-	39.41%	-	56.25%	44.15%	18.46%	41.89%	28.98%
Earnings before Tax (EBT) ¹	-	780.6	-	497	513.8	169.2	380.5	422.6
Net income ¹	-	572.8	315.3	376.5	423.6	151.1	352.5	373.4
Net margin	-	30.65%	-	42.79%	36.59%	15.67%	22.51%	18.94%
EPS ²	1.008	0.6229	0.3462	0.4135	0.4552	0.1624	0.3776	0.4042
Free Cash Flow ¹	-	-	-	325.2	-845.2	-932.4	-269	-178
FCF margin	-	-	-	36.96%	-73.01%	-96.66%	-17.18%	-9.03%
FCF Conversion (EBITDA)	-	-	-	62.41%	-	-	-	-
FCF Conversion (Net income)	-	-	-	86.38%	-	-	-	-
Dividend per Share ²	-	-	0.1050	0.1220	0.1370	0.0500	0.1132	0.1542
Announcement Date	4/17/19	4/25/20	4/16/21	4/29/22	4/28/23	4/27/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	325	-845	-932	-269	-178
ROE (net income / shareholders' equity)	-	9.37%	4.88%	5.34%	5.29%	1.8%	1.8%	4.19%
ROA (Net income/ Total Assets)	-	-	-	4.46%	4.48%	1.5%	1.3%	1.8%
Assets ¹	-	-	-	8,440	9,464	9,986	27,116	20,745
Book Value Per Share ²	-	6.480	-	7.950	8.680	8.990	9.010	9.680
Cash Flow per Share ²	-	0.1200	-	0.3700	-0.7000	-0.2600	-0.1900	-0.0500
Capex ¹	-	24.4	-	108	175	692	64	139
Capex / Sales	-	1.31%	-	12.28%	15.08%	71.73%	4.09%	7.05%
Announcement Date	4/17/19	4/25/20	4/16/21	4/29/22	4/28/23	4/27/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

12.95 CNY

Average target price

14.99 CNY

Spread / Average Target

+15.75%

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