Financials Wuhan Raycus Fiber Laser Technologies Co.,Ltd.

Equities

300747

CNE100003654

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-09 pm EDT 5-day change 1st Jan Change
20.73 CNY -2.81% Intraday chart for Wuhan Raycus Fiber Laser Technologies Co.,Ltd. -4.29% -11.90%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 22,618 25,304 25,773 13,404 13,333 11,709 - -
Enterprise Value (EV) 1 22,288 24,491 25,465 12,997 12,954 11,401 11,401 11,138
P/E ratio 69.5 x 85.5 x 53.9 x 328 x 60.8 x 34 x 22.6 x 18.5 x
Yield 0.12% 0.11% - 0.42% 0.51% 0.7% 0.86% 1.23%
Capitalization / Revenue 11.3 x 10.9 x 7.56 x 4.2 x 3.62 x 2.78 x 2.23 x 1.96 x
EV / Revenue 11.1 x 10.6 x 7.47 x 4.08 x 3.52 x 2.71 x 2.18 x 1.86 x
EV / EBITDA 52.5 x 56.7 x 39 x 84.4 x 30.3 x 21.5 x 14.7 x 11.8 x
EV / FCF -78,980,135 x -119,843,973 x -71,421,414 x -186,381,085 x - - - -
FCF Yield -0% -0% -0% -0% - - - -
Price to Book 9.85 x 9.86 x 8.59 x 4.38 x 4.12 x 3.18 x 2.84 x 2.48 x
Nbr of stocks (in thousands) 561,601 561,601 566,831 566,756 566,620 564,822 - -
Reference price 2 40.27 45.06 45.47 23.65 23.53 20.73 20.73 20.73
Announcement Date 2/28/20 4/29/21 3/9/22 4/24/23 3/11/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,010 2,317 3,410 3,189 3,680 4,214 5,240 5,980
EBITDA 1 424.6 431.9 652.8 154 427.1 530.4 773 943.9
EBIT 1 381.9 351.5 553.5 11.17 233.7 320.1 550.9 631.5
Operating Margin 19% 15.17% 16.23% 0.35% 6.35% 7.6% 10.51% 10.56%
Earnings before Tax (EBT) 1 386.5 351.4 554.1 11.62 232.8 378 589.8 700
Net income 1 325.2 296.1 474.3 40.87 217.4 345 518.4 633.5
Net margin 16.18% 12.78% 13.91% 1.28% 5.91% 8.19% 9.89% 10.59%
EPS 2 0.5791 0.5272 0.8433 0.0720 0.3870 0.6092 0.9166 1.122
Free Cash Flow -282.2 -204.4 -356.5 -69.73 - - - -
FCF margin -14.04% -8.82% -10.46% -2.19% - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0465 0.0513 - 0.1000 0.1200 0.1451 0.1792 0.2555
Announcement Date 2/28/20 4/29/21 3/9/22 4/24/23 3/11/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 902.9 701.3 846.1 773.5 867.8 785.9 1,006 791.6 1,097 801.2 1,106 934.1 1,303
EBITDA - - - - - - - - - - - - - -
EBIT 1 - 55.62 26.04 7.995 17.66 -40.53 51.03 73.04 60.39 49.25 76.26 103.6 98.42 37.01
Operating Margin - 6.16% 3.71% 0.94% 2.28% -4.67% 6.49% 7.26% 7.63% 4.49% 9.52% 9.36% 10.54% 2.84%
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income 67.09 - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - -
EPS 2 0.1194 0.1298 0.0371 -0.0100 0.0197 0.0100 0.0777 0.1200 0.1070 0.0800 0.1132 0.1950 0.1800 0.1550
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 8/26/20 3/9/22 4/26/22 8/25/22 10/26/22 4/24/23 4/24/23 8/27/23 10/23/23 3/11/24 4/25/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 329 813 309 407 379 308 308 571
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow -282 -204 -357 -69.7 - - - -
ROE (net income / shareholders' equity) 15% 12.1% 17% 1.35% 7.05% 10.2% 13.1% 14.2%
ROA (Net income/ Total Assets) 12.1% 8.69% 10.9% 0.79% 3.95% 5.3% 5.7% -
Assets 1 2,694 3,407 4,353 5,162 5,500 6,510 9,095 -
Book Value Per Share 2 4.090 4.570 5.290 5.400 5.710 6.510 7.290 8.360
Cash Flow per Share 2 -0.1000 0.1000 0.1300 0.5100 0.5100 -0.0600 0.5000 -0.2600
Capex 1 224 260 429 358 172 276 221 391
Capex / Sales 11.16% 11.22% 12.6% 11.23% 4.68% 6.56% 4.21% 6.53%
Announcement Date 2/28/20 4/29/21 3/9/22 4/24/23 3/11/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
20.73 CNY
Average target price
23.29 CNY
Spread / Average Target
+12.34%
Consensus
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  4. Financials Wuhan Raycus Fiber Laser Technologies Co.,Ltd.
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