Financials Zhejiang Weiming Environment Protection Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-07-11 pm EDT			5-day change	1st Jan Change
19.46 ^CNY	-0.92%		-0.15%	+21.62%

Apr. 26	Zhejiang Weiming Environment Protection Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 17	Zhejiang Weiming Environment Protection Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	21,603	23,787	47,295	31,394	27,274	32,966	-	-
Enterprise Value (EV) ¹	21,603	23,787	47,295	31,394	27,274	32,966	32,966	32,966
P/E ratio	22.7 x	18.9 x	30.4 x	19.1 x	13.4 x	11 x	9.22 x	7.21 x
Yield	1.35%	-	0.36%	0.81%	-	-	-	-
Capitalization / Revenue	10.6 x	7.62 x	11.3 x	7.06 x	4.53 x	3.36 x	2.51 x	1.98 x
EV / Revenue	10.6 x	7.62 x	11.3 x	7.06 x	4.53 x	3.36 x	2.51 x	1.98 x
EV / EBITDA	-	14.2 x	-	14 x	9.58 x	7.36 x	6.14 x	4.84 x
EV / FCF	-	-	-	-642,285,822 x	-	-	-	-
FCF Yield	-	-	-	-0%	-	-	-	-
Price to Book	5.2 x	4.42 x	6.22 x	3.42 x	2.48 x	2.42 x	1.97 x	1.58 x
Nbr of stocks (in thousands)	1,591,470	1,633,527	1,683,099	1,694,213	1,704,645	1,694,023	-	-
Reference price ²	13.57	14.56	28.10	18.53	16.00	19.46	19.46	19.46
Announcement Date	4/24/20	4/16/21	4/22/22	4/21/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,038	3,123	4,185	4,446	6,025	9,797	13,112	16,620
EBITDA ¹	-	1,673	-	2,245	2,847	4,482	5,373	6,815
EBIT ¹	1,103	1,452	1,687	1,763	2,287	3,759	4,616	6,074
Operating Margin	54.11%	46.49%	40.32%	39.66%	37.96%	38.37%	35.2%	36.55%
Earnings before Tax (EBT) ¹	1,103	1,456	1,692	1,780	2,284	3,756	4,612	6,069
Net income ¹	974.5	1,257	1,535	1,653	2,048	3,011	3,590	4,606
Net margin	47.81%	40.25%	36.69%	37.18%	34%	30.73%	27.38%	27.71%
EPS ²	0.5976	0.7692	0.9231	0.9700	1.190	1.770	2.110	2.700
Free Cash Flow	-	-	-	-48.88	-	-	-	-
FCF margin	-	-	-	-1.1%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.1834	-	0.1000	0.1500	-	-	-	-
Announcement Date	4/24/20	4/16/21	4/22/22	4/21/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-48.9	-	-	-	-
ROE (net income / shareholders' equity)	26.5%	26%	24.9%	19.5%	20%	21.2%	21.4%	22.8%
ROA (Net income/ Total Assets)	-	14.5%	-	-	-	-	-	-
Assets ¹	-	8,697	-	-	-	-	-	-
Book Value Per Share ²	2.610	3.290	4.510	5.420	6.450	8.030	9.890	12.30
Cash Flow per Share ²	0.5300	0.5800	0.7000	1.290	1.360	1.740	2.200	3.020
Capex ¹	1,214	1,897	2,363	2,242	2,266	1,724	1,461	1,148
Capex / Sales	59.57%	60.75%	56.46%	50.42%	37.62%	17.6%	11.14%	6.91%
Announcement Date	4/24/20	4/16/21	4/22/22	4/21/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.46 CNY

Average target price

34.52 CNY

Spread / Average Target

+77.39%

	1st Jan change	Capi.
ZHEJIANG WEIMING ENVIRONMENT PROTECTION CO., LTD.	+21.62%	4.55B
ZHENENG JINJIANG ENVIRONMENT HOLDING COMPANY LIMITED	+27.59%	412M
SANIX INCORPORATED	-1.27%	94.17M
POWERHOUSE ENERGY GROUP PLC	+260.00%	71.95M