Financials Wus Printed Circuit (Kunshan) Co., Ltd.

Equities

002463

CNE100000SP5

Semiconductors

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
33.16 CNY +6.59% Intraday chart for Wus Printed Circuit (Kunshan) Co., Ltd. +10.64% +49.91%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 38,306 32,401 31,447 22,570 42,214 63,424 - -
Enterprise Value (EV) 1 38,227 32,525 31,833 22,770 42,214 63,424 61,691 63,424
P/E ratio 31.5 x 24 x 29.4 x 16.6 x 27.9 x 27.9 x 23.4 x 18.7 x
Yield 0.9% 1.06% 0.9% 1.26% 2.26% 1.18% 1.5% 2.31%
Capitalization / Revenue 5.37 x 4.35 x 4.24 x 2.71 x 4.72 x 5.41 x 4.63 x 3.83 x
EV / Revenue 5.37 x 4.35 x 4.24 x 2.71 x 4.72 x 5.41 x 4.63 x 3.83 x
EV / EBITDA 22.9 x 18.1 x 20.4 x 11.9 x 19.9 x 20.4 x 17.2 x 14.3 x
EV / FCF 61.3 x 27.1 x - 32.2 x - 81.5 x 26.1 x 20.5 x
FCF Yield 1.63% 3.68% - 3.1% - 1.23% 3.83% 4.89%
Price to Book 7.46 x 5.08 x 4.35 x 2.73 x 4.31 x 5.49 x 4.7 x 3.78 x
Nbr of stocks (in thousands) 1,897,191 1,896,822 1,896,659 1,896,659 1,908,407 1,912,679 - -
Reference price 2 20.19 17.08 16.58 11.90 22.12 33.16 33.16 33.16
Announcement Date 2/27/20 2/1/21 2/25/22 1/31/23 2/2/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,129 7,451 7,419 8,336 8,938 11,731 13,712 16,558
EBITDA 1 1,673 1,789 1,539 1,900 2,120 3,103 3,677 4,435
EBIT 1 1,353 1,456 1,193 1,573 1,706 2,614 3,112 3,913
Operating Margin 18.98% 19.54% 16.09% 18.87% 19.09% 22.28% 22.7% 23.63%
Earnings before Tax (EBT) 1 1,353 1,457 1,199 1,573 1,705 2,615 3,112 3,873
Net income 1 1,206 1,343 1,064 1,362 1,513 2,253 2,729 3,390
Net margin 16.92% 18.02% 14.34% 16.33% 16.92% 19.21% 19.9% 20.48%
EPS 2 0.6412 0.7121 0.5636 0.7179 0.7927 1.187 1.415 1.774
Free Cash Flow 1 625.1 1,194 - 700.6 - 778 2,431 3,099
FCF margin 8.77% 16.02% - 8.4% - 6.63% 17.73% 18.72%
FCF Conversion (EBITDA) 37.37% 66.73% - 36.88% - 25.07% 66.11% 69.87%
FCF Conversion (Net income) 51.83% 88.9% - 51.45% - 34.53% 89.08% 91.41%
Dividend per Share 2 0.1818 0.1818 0.1500 0.1500 0.5000 0.3925 0.4975 0.7650
Announcement Date 2/27/20 2/1/21 2/25/22 1/31/23 2/2/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2,007 1,917 1,818 2,028 2,572 1,868 1,896 2,319 2,856 2,584 2,301 2,566 3,255
EBITDA 402.8 - - - - - - - - - - - -
EBIT 296.4 - - - - - 325.8 534.6 606.6 - - - -
Operating Margin 14.77% - - - - - 17.19% 23.05% 21.24% - - - -
Earnings before Tax (EBT) - - - - - - 330.6 534.5 600.5 - - - -
Net income - - 284.3 - - - 292.3 460.5 559.5 - - - -
Net margin - - 15.64% - - - 15.42% 19.86% 19.59% - - - -
EPS 0.1400 0.1315 0.1500 0.2100 - - 0.1500 0.2400 0.2900 - - - -
Dividend per Share 0.1500 - - - 0.1500 - - - - - - - -
Announcement Date 2/25/22 4/25/22 8/23/22 10/24/22 1/31/23 5/25/23 8/25/23 10/25/23 2/2/24 4/22/24 - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - 124 386 199 - - - -
Net Cash position 78.6 - - - - - 1,733 -
Leverage (Debt/EBITDA) - 0.0692 x 0.2511 x 0.1049 x - - - -
Free Cash Flow 1 625 1,194 - 701 - 778 2,431 3,099
ROE (net income / shareholders' equity) 26.7% 24% 15.9% 17.7% 16.8% 19.9% 20.2% 20.5%
ROA (Net income/ Total Assets) 16.3% 15.1% - 10.5% - 12.1% 13.2% 14.2%
Assets 1 7,417 8,898 - 13,021 - 18,621 20,656 23,825
Book Value Per Share 2 2.710 3.360 3.810 4.360 5.130 6.040 7.050 8.780
Cash Flow per Share 2 0.5600 0.8300 0.7500 0.8300 1.180 0.9900 1.340 1.660
Capex 1 439 372 501 865 798 1,267 897 876
Capex / Sales 6.16% 4.99% 6.75% 10.38% 8.93% 10.8% 6.54% 5.29%
Announcement Date 2/27/20 2/1/21 2/25/22 1/31/23 2/2/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
33.16 CNY
Average target price
28.6 CNY
Spread / Average Target
-13.77%
Consensus
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