WANXIANG QIANCHAO CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.25 CNY | -2.78% |
|
+3.35% | +1.16% |
| May. 07 | Wanxiang Qianchao to Buy Entire Stake in US Auto Parts Making Unit of Controlling Shareholder | MT |
| Apr. 30 | Wanxiang Qianchao Co.,Ltd. Proposes Final Cash Dividend for the Year 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 14,096 | 14,784 | 17,675 | 21,045 | 16,089 | 17,147 |
| Enterprise Value (EV) 1 | 13,725 | 14,376 | 14,077 | 17,226 | 15,311 | 16,621 |
| P/E ratio | 19.5 x | 28.3 x | 35.7 x | 30.7 x | 20.3 x | 20.9 x |
| Yield | 3.91% | 1.12% | 3.74% | 2.83% | 5.54% | 2.89% |
| Capitalization / Revenue | 1.24 x | 1.4 x | 1.62 x | 1.47 x | 1.15 x | 1.18 x |
| EV / Revenue | 1.21 x | 1.36 x | 1.29 x | 1.2 x | 1.09 x | 1.15 x |
| EV / EBITDA | 12.5 x | 16.2 x | 15.8 x | 16.5 x | 16.2 x | 12.3 x |
| EV / FCF | 149 x | 73.2 x | 49.8 x | 28.8 x | 21 x | 43.4 x |
| FCF Yield | 0.67% | 1.37% | 2.01% | 3.47% | 4.77% | 2.3% |
| Price to Book | 2.7 x | 2.84 x | 2.05 x | 2.46 x | 1.85 x | 1.94 x |
| Nbr of stocks (in thousands) | 2,753,159 | 2,753,159 | 3,303,791 | 3,303,791 | 3,303,791 | 3,303,791 |
| Reference price 2 | 5.120 | 5.370 | 5.350 | 6.370 | 4.870 | 5.190 |
| Announcement Date | 3/27/19 | 4/19/20 | 3/25/21 | 3/29/22 | 3/27/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 11,362 | 10,581 | 10,882 | 14,322 | 14,015 | 14,487 |
| EBITDA 1 | 1,097 | 886.4 | 892.9 | 1,043 | 942.3 | 1,351 |
| EBIT 1 | 667 | 409.8 | 421.2 | 575.2 | 490.8 | 890.3 |
| Operating Margin | 5.87% | 3.87% | 3.87% | 4.02% | 3.5% | 6.15% |
| Earnings before Tax (EBT) 1 | 810.7 | 592.7 | 503.5 | 759.4 | 855.3 | 935 |
| Net income 1 | 722.6 | 536 | 436.1 | 686.5 | 809.1 | 821.5 |
| Net margin | 6.36% | 5.07% | 4.01% | 4.79% | 5.77% | 5.67% |
| EPS 2 | 0.2620 | 0.1900 | 0.1500 | 0.2078 | 0.2400 | 0.2487 |
| Free Cash Flow 1 | 92.18 | 196.4 | 282.5 | 597.1 | 729.9 | 382.8 |
| FCF margin | 0.81% | 1.86% | 2.6% | 4.17% | 5.21% | 2.64% |
| FCF Conversion (EBITDA) | 8.41% | 22.15% | 31.64% | 57.25% | 77.46% | 28.34% |
| FCF Conversion (Net income) | 12.76% | 36.63% | 64.78% | 86.99% | 90.21% | 46.59% |
| Dividend per Share 2 | 0.2000 | 0.0600 | 0.2000 | 0.1800 | 0.2700 | 0.1500 |
| Announcement Date | 3/27/19 | 4/19/20 | 3/25/21 | 3/29/22 | 3/27/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 371 | 409 | 3,599 | 3,820 | 778 | 526 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 92.2 | 196 | 283 | 597 | 730 | 383 |
| ROE (net income / shareholders' equity) | 13.8% | 10% | 6.21% | 7.96% | 9.24% | 9.26% |
| ROA (Net income/ Total Assets) | 3.54% | 2.13% | 1.91% | 2.23% | 1.7% | 2.78% |
| Assets 1 | 20,433 | 25,193 | 22,794 | 30,848 | 47,488 | 29,586 |
| Book Value Per Share 2 | 1.890 | 1.890 | 2.600 | 2.590 | 2.630 | 2.680 |
| Cash Flow per Share 2 | 0.7500 | 0.7600 | 1.540 | 1.890 | 1.310 | 1.590 |
| Capex 1 | 595 | 515 | 323 | 172 | 310 | 376 |
| Capex / Sales | 5.24% | 4.86% | 2.97% | 1.2% | 2.21% | 2.6% |
| Announcement Date | 3/27/19 | 4/19/20 | 3/25/21 | 3/29/22 | 3/27/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +1.16% | 2.4B | |
| +22.24% | 48.55B | |
| -7.74% | 22.52B | |
| +29.45% | 20.68B | |
| +35.73% | 17.83B | |
| -4.22% | 15.03B | |
| -18.11% | 13.48B | |
| -20.85% | 13.11B | |
| +34.67% | 12.1B | |
| +36.99% | 10.73B |
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