Financials Weichai Power Co., Ltd. Deutsche Boerse AG

Equities

WI4

CNE1000004L9

Auto, Truck & Motorcycle Parts

Real-time Estimate Tradegate 07:21:56 2024-06-27 am EDT 5-day change 1st Jan Change
1.767 EUR +2.41% Intraday chart for Weichai Power Co., Ltd. +5.94% +16.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 123,654 119,998 145,537 86,046 114,554 134,304 - -
Enterprise Value (EV) 1 111,519 95,517 102,316 59,867 65,391 48,689 51,874 33,348
P/E ratio 12.8 x 11.3 x 11.3 x 16.2 x 11.4 x 9.9 x 8.6 x 7.61 x
Yield 1.95% 1.15% 2.98% - 4.38% 4.55% 5.25% 6.18%
Capitalization / Revenue 0.71 x 0.61 x 0.72 x 0.49 x 0.54 x 0.58 x 0.53 x 0.49 x
EV / Revenue 0.64 x 0.48 x 0.5 x 0.34 x 0.31 x 0.21 x 0.2 x 0.12 x
EV / EBITDA 5.02 x 4.48 x 4.19 x 3.53 x 2.64 x 1.75 x 1.68 x 0.99 x
EV / FCF 6.03 x 5.55 x 11.4 x -6.72 x 3.18 x 1.94 x 2.17 x 1.06 x
FCF Yield 16.6% 18% 8.77% -14.9% 31.4% 51.5% 46.1% 94.3%
Price to Book 2.58 x 2.03 x 2.03 x - 1.29 x 1.36 x 1.26 x 1.15 x
Nbr of stocks (in thousands) 7,933,874 7,933,874 8,726,557 8,639,291 8,639,291 8,639,291 - -
Reference price 2 14.69 13.10 12.43 9.256 11.85 13.57 13.57 13.57
Announcement Date 3/26/20 3/30/21 3/30/22 3/30/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 174,361 197,491 203,548 175,158 213,958 232,408 254,681 275,095
EBITDA 1 22,227 21,319 24,426 16,982 24,814 27,863 30,912 33,637
EBIT 1 14,156 12,461 13,889 5,834 12,905 16,387 19,094 21,351
Operating Margin 8.12% 6.31% 6.82% 3.33% 6.03% 7.05% 7.5% 7.76%
Earnings before Tax (EBT) 1 14,352 12,682 14,055 6,085 13,151 17,116 19,925 22,644
Net income 1 9,105 9,207 9,254 4,905 9,014 11,790 13,603 15,223
Net margin 5.22% 4.66% 4.55% 2.8% 4.21% 5.07% 5.34% 5.53%
EPS 2 1.150 1.160 1.100 0.5700 1.040 1.370 1.578 1.782
Free Cash Flow 1 18,483 17,217 8,975 -8,912 20,561 25,056 23,897 31,455
FCF margin 10.6% 8.72% 4.41% -5.09% 9.61% 10.78% 9.38% 11.43%
FCF Conversion (EBITDA) 83.16% 80.76% 36.74% - 82.86% 89.93% 77.31% 93.52%
FCF Conversion (Net income) 203% 187% 96.98% - 228.1% 212.52% 175.68% 206.62%
Dividend per Share 2 0.2860 0.1500 0.3700 - 0.5190 0.6178 0.7121 0.8390
Announcement Date 3/26/20 3/30/21 3/30/22 3/30/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 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 - 94,495 102,997 126,388 37,119 77,160 - 45,636 86,740 43,783 44,634 53,434 52,701 54,248 53,575 56,380 59,412 46,651 62,017 64,200 63,300
EBITDA 1 - - - - 2,839 - - 3,062 - 2,260 - - - - - - 7,195 5,812 5,665 - -
EBIT 1 - - - - 1,604 4,004 - 1,802 3,364 443.6 2,026 2,574 3,016 3,807 3,509 4,111 4,218 2,835 2,688 - -
Operating Margin - - - - 4.32% 5.19% - 3.95% 3.88% 1.01% 4.54% 4.82% 5.72% 7.02% 6.55% 7.29% 7.1% 6.08% 4.33% - -
Earnings before Tax (EBT) 1 - - - - 1,629 - - 1,839 - 532.7 2,135 2,651 3,097 3,891 3,513 4,177 4,688 3,312 3,224 - -
Net income 1 3,817 4,680 - - 1,354 2,823 - 1,335 2,387 925.2 1,593 1,856 2,043 2,602 2,513 2,600 3,300 2,182 2,290 - -
Net margin - 4.95% - - 3.65% 3.66% - 2.93% 2.75% 2.11% 3.57% 3.47% 3.88% 4.8% 4.69% 4.61% 5.55% 4.68% 3.69% - -
EPS 2 - 0.5900 0.5700 0.8000 0.1300 0.3000 0.1200 - - 0.1100 0.1900 0.2100 0.2400 0.3000 0.2900 0.3000 0.3341 0.3050 0.3012 - -
Dividend per Share 2 - - - - 0.1850 - - 0.1000 - - - - 0.2260 - 0.2930 - - - 0.6437 - -
Announcement Date 3/26/20 8/27/20 3/30/21 8/30/21 3/30/22 3/30/22 4/29/22 8/30/22 8/30/22 10/30/22 3/30/23 4/28/23 8/30/23 10/30/23 3/25/24 4/29/24 - - - - -
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 12,136 24,481 43,222 26,178 49,163 85,614 82,430 100,956
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 18,483 17,217 8,975 -8,912 20,561 25,056 23,897 31,455
ROE (net income / shareholders' equity) 21.3% 19.2% 15.1% 6.66% 11.7% 13.9% 14.4% 14.7%
ROA (Net income/ Total Assets) 4.12% 3.63% 3.38% 1.67% 2.87% 3.3% 3.8% 4.17%
Assets 1 221,048 253,780 274,053 293,661 313,953 357,264 358,436 365,071
Book Value Per Share 2 5.700 6.450 6.130 - 9.180 9.980 10.70 11.80
Cash Flow per Share 2 3.010 2.890 1.750 - 3.180 2.960 3.460 3.250
Capex 1 5,351 5,711 5,683 6,563 6,910 8,148 9,658 9,904
Capex / Sales 3.07% 2.89% 2.79% 3.75% 3.23% 3.51% 3.79% 3.6%
Announcement Date 3/26/20 3/30/21 3/30/22 3/30/23 3/25/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
13.57 CNY
Average target price
17.94 CNY
Spread / Average Target
+32.24%
Consensus
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  5. Financials Weichai Power Co., Ltd.