Financials Wuxi Autowell Technology Co.,Ltd.

Equities

688516

CNE100004017

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-08 pm EDT			5-day change	1st Jan Change
93.29 ^CNY	+5.13%		+3.53%	+3.08%

Apr. 22	Wuxi Autowell Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 26	Wuxi Autowell Technology's Profit, Revenue Jump Over 70% in 2023; Shares Down 4%	MT

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,844	24,245	31,048	20,246	20,879	-	-
Enterprise Value (EV) ¹	7,844	24,245	30,986	20,189	20,943	19,282	20,667
P/E ratio	45.2 x	65.4 x	41.2 x	16.8 x	10.3 x	8.43 x	7.12 x
Yield	0.75%	0.65%	0.8%	2.21%	2.62%	3.37%	4.28%
Capitalization / Revenue	6.86 x	11.8 x	8.77 x	3.21 x	2.09 x	1.64 x	1.33 x
EV / Revenue	6.86 x	11.8 x	8.75 x	3.2 x	2.1 x	1.52 x	1.32 x
EV / EBITDA	-	56.5 x	37.2 x	13 x	8.46 x	6.3 x	5.5 x
EV / FCF	-	-	96.6 x	90 x	5.05 x	11.5 x	6.67 x
FCF Yield	-	-	1.04%	1.11%	19.8%	8.68%	15%
Price to Book	7.2 x	17.2 x	12.1 x	5.8 x	4.13 x	2.98 x	2.23 x
Nbr of stocks (in thousands)	207,454	207,454	223,982	223,715	223,805	-	-
Reference price ²	37.81	116.9	138.6	90.50	93.29	93.29	93.29
Announcement Date	2/24/21	2/21/22	2/27/23	2/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,144	2,047	3,540	6,304	9,977	12,699	15,644
EBITDA ¹	-	429.4	833.5	1,557	2,476	3,061	3,755
EBIT ¹	179	418.6	800.5	1,484	2,491	2,934	3,478
Operating Margin	15.65%	20.45%	22.62%	23.54%	24.97%	23.1%	22.23%
Earnings before Tax (EBT) ¹	178.9	418.1	795.3	1,478	2,233	2,818	3,462
Net income ¹	155.4	370.7	712.7	1,255	1,845	2,396	2,938
Net margin	13.58%	18.11%	20.14%	19.91%	18.49%	18.87%	18.78%
EPS ²	0.8371	1.788	3.366	5.380	9.035	11.06	13.10
Free Cash Flow ¹	-	-	320.8	224.3	4,149	1,674	3,099
FCF margin	-	-	9.06%	3.56%	41.59%	13.19%	19.81%
FCF Conversion (EBITDA)	-	-	38.49%	14.41%	167.54%	54.71%	82.54%
FCF Conversion (Net income)	-	-	45.02%	17.86%	224.87%	69.88%	105.48%
Dividend per Share ²	0.2854	0.7610	1.103	2.000	2.449	3.148	3.996
Announcement Date	2/24/21	2/21/22	2/27/23	2/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q3	2023 Q1	2023 Q2	2024 Q1
Net sales	-	1,039	-	-
EBITDA	-	-	-	-
EBIT	-	-	-	-
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Net income ¹	175.3	221.2	301.3	332.8
Net margin	-	21.29%	-	-
EPS	0.8228	0.9862	-	-
Dividend per Share	-	-	-	-
Announcement Date	10/23/22	4/27/23	8/27/23	4/22/24

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	64	-	-
Net Cash position ¹	-	-	62.7	56.9	-	1,597	212
Leverage (Debt/EBITDA)	-	-	-	-	0.0258 x	-	-
Free Cash Flow ¹	-	-	321	224	4,149	1,675	3,099
ROE (net income / shareholders' equity)	19%	29.8%	37.8%	41.8%	41.4%	35.3%	32.1%
ROA (Net income/ Total Assets)	7.13%	8.82%	11.1%	10.4%	11.3%	9.62%	9.33%
Assets ¹	2,180	4,205	6,395	12,066	16,328	24,919	31,500
Book Value Per Share ²	5.250	6.790	11.50	15.60	22.60	31.30	41.80
Cash Flow per Share ²	0.7400	1.530	2.580	3.480	9.830	9.100	13.20
Capex ¹	122	193	257	558	822	356	457
Capex / Sales	10.7%	9.43%	7.26%	8.85%	8.24%	2.8%	2.92%
Announcement Date	2/24/21	2/21/22	2/27/23	2/22/24	-	-	-

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

Ratings for Wuxi Autowell Technology Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

93.29 CNY

Average target price

135.3 CNY

Spread / Average Target

+45.06%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Welding & Soldering Equipment

	1st Jan change	Capi.
WUXI AUTOWELL TECHNOLOGY CO.,LTD.	+3.08%	2.89B
LINCOLN ELECTRIC HOLDINGS, INC.	+6.30%	13.15B
ESAB CORPORATION	+25.89%	6.59B
HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.	+2.99%	3.1B
ESAB INDIA LIMITED	-12.87%	928M
SBT ULTRASONIC TECHNOLOGY CO.,LTD.	-34.36%	861M
SHANGHAI HUGONG ELECTRIC GROUP CO.,LTD.	+6.71%	694M
SHENZHEN UNITED WINNERS LASER CO., LTD.	-28.76%	685M
PASLIN DIGITAL TECHNOLOGY CO., LTD.	+8.78%	582M
SHENZHEN JASIC TECHNOLOGY CO.,LTD.	+11.71%	572M

Welding & Soldering Equipment