WILL SEMICONDUCTOR CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 101.6 CNY | -1.00% |
|
+7.49% | -4.79% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 123,849 | 200,502 | 271,880 | 91,299 | 129,706 | 121,769 | - | - |
| Enterprise Value (EV) 1 | 125,717 | 201,269 | 273,652 | 99,921 | 131,596 | 124,125 | 125,104 | 116,119 |
| P/E ratio | 196 x | 72.4 x | 60.5 x | 91.8 x | 227 x | 40.3 x | 28 x | 21.2 x |
| Yield | 0.05% | 0.14% | 0.17% | 0.11% | 0.13% | 0.32% | 0.52% | 0.74% |
| Capitalization / Revenue | 9.09 x | 10.1 x | 11.3 x | 4.55 x | 6.17 x | 4.63 x | 3.95 x | 3.36 x |
| EV / Revenue | 9.22 x | 10.2 x | 11.4 x | 4.98 x | 6.26 x | 4.72 x | 4.06 x | 3.2 x |
| EV / EBITDA | 92.2 x | 54.1 x | 46.6 x | 44.1 x | 75.6 x | 27.9 x | 20.2 x | 15 x |
| EV / FCF | - | 90.8 x | 255 x | -23.5 x | 20.3 x | 40.8 x | 48.1 x | 26.6 x |
| FCF Yield | - | 1.1% | 0.39% | -4.25% | 4.94% | 2.45% | 2.08% | 3.76% |
| Price to Book | 15.6 x | 17.8 x | 17 x | 5.14 x | 6.11 x | 5.12 x | 4.74 x | 3.7 x |
| Nbr of stocks (in thousands) | 1,165,945 | 1,171,260 | 1,181,060 | 1,184,311 | 1,215,504 | 1,198,516 | - | - |
| Reference price 2 | 106.2 | 171.2 | 230.2 | 77.09 | 106.7 | 101.6 | 101.6 | 101.6 |
| Announcement Date | 4/9/20 | 3/8/21 | 4/18/22 | 4/7/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,632 | 19,824 | 24,104 | 20,078 | 21,021 | 26,309 | 30,828 | 36,250 |
| EBITDA 1 | 1,363 | 3,722 | 5,879 | 2,267 | 1,741 | 4,447 | 6,202 | 7,739 |
| EBIT 1 | 785.1 | 2,956 | 5,000 | 1,298 | 666.8 | 3,685 | 5,187 | 6,673 |
| Operating Margin | 5.76% | 14.91% | 20.74% | 6.47% | 3.17% | 14.01% | 16.82% | 18.41% |
| Earnings before Tax (EBT) 1 | 784.5 | 2,991 | 5,002 | 1,301 | 691.4 | 3,519 | 5,123 | 6,580 |
| Net income 1 | 465.6 | 2,706 | 4,476 | 990.1 | 555.6 | 3,055 | 4,301 | 5,785 |
| Net margin | 3.42% | 13.65% | 18.57% | 4.93% | 2.64% | 11.61% | 13.95% | 15.96% |
| EPS 2 | 0.5407 | 2.363 | 3.807 | 0.8400 | 0.4700 | 2.521 | 3.632 | 4.792 |
| Free Cash Flow 1 | - | 2,217 | 1,073 | -4,245 | 6,495 | 3,042 | 2,602 | 4,365 |
| FCF margin | - | 11.19% | 4.45% | -21.14% | 30.9% | 11.56% | 8.44% | 12.04% |
| FCF Conversion (EBITDA) | - | 59.58% | 18.25% | - | 373.06% | 68.41% | 41.95% | 56.4% |
| FCF Conversion (Net income) | - | 81.94% | 23.97% | - | 1,168.98% | 99.57% | 60.49% | 75.45% |
| Dividend per Share 2 | 0.0518 | 0.2333 | 0.3852 | 0.0840 | 0.1400 | 0.3289 | 0.5266 | 0.7524 |
| Announcement Date | 4/9/20 | 3/8/21 | 4/18/22 | 4/7/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,043 | 11,781 | 5,789 | 5,538 | 5,533 | 4,311 | 4,695 | 9,006 | 4,335 | 4,523 | 6,223 | 5,939 | 5,644 | 6,288 | 7,119 | 7,371 | 6,722 | 7,504 |
| EBITDA 1 | - | - | 1,213 | 1,385 | 871.9 | 777 | - | - | - | - | - | - | - | 959.1 | 1,280 | 1,417 | 1,197 | 1,470 |
| EBIT 1 | - | 1,908 | 1,088 | 932.5 | 880.4 | -121.5 | -1,061 | -1,183 | 259.5 | -71.49 | 284.5 | 194.2 | 575.7 | 845.8 | 1,127 | 1,194 | 1,041 | 1,283 |
| Operating Margin | - | 16.19% | 18.79% | 16.84% | 15.91% | -2.82% | -22.6% | -13.13% | 5.99% | -1.58% | 4.57% | 3.27% | 10.2% | 13.45% | 15.84% | 16.2% | 15.48% | 17.09% |
| Earnings before Tax (EBT) 1 | - | 1,916 | 1,092 | 933.3 | 1,547 | -116.8 | -1,063 | -1,179 | 260.9 | -72 | 289 | 213.5 | 583.7 | 800.6 | 1,029 | 1,082 | 1,009 | 1,252 |
| Net income 1 | 990.1 | 1,716 | 957.7 | 896.2 | 1,373 | -120 | -1,159 | -1,279 | 198.9 | -45.74 | 215.3 | 187.2 | 557.8 | 684 | 898 | 932.7 | 859.6 | 1,040 |
| Net margin | 12.31% | 14.57% | 16.54% | 16.18% | 24.81% | -2.78% | -24.68% | -14.2% | 4.59% | -1.01% | 3.46% | 3.15% | 9.88% | 10.88% | 12.61% | 12.65% | 12.79% | 13.86% |
| EPS 2 | - | 1.481 | 0.8222 | 0.7556 | 1.170 | -0.1000 | -0.9800 | -1.080 | 0.1700 | -0.0400 | 0.1800 | 0.1600 | 0.4600 | 0.5638 | 0.7498 | 0.7693 | 0.7467 | 0.9054 |
| Dividend per Share 2 | - | - | 0.3900 | - | - | - | - | - | - | - | - | - | - | 0.0767 | - | 0.4329 | - | - |
| Announcement Date | 8/20/20 | 3/8/21 | 4/18/22 | 4/26/22 | 8/11/22 | 10/28/22 | 4/7/23 | 4/7/23 | 4/18/23 | 8/14/23 | 10/27/23 | 4/26/24 | 4/27/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,868 | 766 | 1,772 | 8,623 | 1,890 | 2,356 | 3,335 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 5,651 |
| Leverage (Debt/EBITDA) | 1.371 x | 0.206 x | 0.3014 x | 3.804 x | 1.085 x | 0.5298 x | 0.5377 x | - |
| Free Cash Flow 1 | - | 2,217 | 1,073 | -4,245 | 6,495 | 3,042 | 2,602 | 4,365 |
| ROE (net income / shareholders' equity) | 10.2% | 29.1% | 33.1% | 5.8% | 2.98% | 13.4% | 17.1% | 17.4% |
| ROA (Net income/ Total Assets) | 2.82% | 13.5% | 16.4% | - | - | 8.17% | 10.1% | 13.2% |
| Assets 1 | 16,535 | 20,062 | 27,364 | - | - | 37,417 | 42,412 | 43,684 |
| Book Value Per Share 2 | 6.800 | 9.600 | 13.50 | 15.00 | 17.50 | 19.80 | 21.40 | 27.40 |
| Cash Flow per Share 2 | 0.6900 | 2.860 | 1.850 | -1.680 | 6.200 | 4.220 | 5.160 | 4.500 |
| Capex 1 | 727 | 1,127 | 1,120 | 2,252 | 1,042 | 1,184 | 1,729 | 1,840 |
| Capex / Sales | 5.33% | 5.69% | 4.64% | 11.22% | 4.95% | 4.5% | 5.61% | 5.08% |
| Announcement Date | 4/9/20 | 3/8/21 | 4/18/22 | 4/7/23 | 4/26/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
24
Last Close Price
101.6
CNY
Average target price
127.9
CNY
Spread / Average Target
+25.84%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.79% | 16.82B | |
| +73.28% | 2,044B | |
| +33.22% | 629B | |
| +10.93% | 576B | |
| -0.85% | 233B | |
| +24.61% | 183B | |
| +3.13% | 160B | |
| -39.27% | 129B | |
| +31.67% | 121B | |
| +30.41% | 97.97B |
- Stock Market
- Equities
- 603501 Stock
- Financials Will Semiconductor Co., Ltd.
