Financials Wuxi Best Precision Machinery Co., Ltd.

Equities

300580

CNE100002F02

Auto, Truck & Motorcycle Parts

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
27.12 ^CNY	-3.69%		-2.09%	-10.44%

Apr. 19	Wuxi Best Precision Machinery Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
2023	Wuxi Best Precision Machinery Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	3,724	10,282	9,229	-	-
Enterprise Value (EV) ¹	3,724	10,075	8,983	8,878	9,229
P/E ratio	17.1 x	36.5 x	26.9 x	20 x	17.2 x
Yield	-	0.66%	1.03%	1.36%	-
Capitalization / Revenue	-	7.65 x	5.37 x	4.19 x	3.43 x
EV / Revenue	-	7.5 x	5.23 x	4.03 x	3.43 x
EV / EBITDA	-	21.7 x	16.8 x	13.1 x	10.7 x
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	-	3.59 x	2.98 x	2.72 x	2.39 x
Nbr of stocks (in thousands)	300,025	339,560	339,560	-	-
Reference price ²	12.41	30.28	27.12	27.12	27.12
Announcement Date	4/19/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	1,343	1,718	2,203	2,692
EBITDA ¹	-	463.8	536.1	679.4	862.3
EBIT ¹	-	298.9	361.9	491.1	618.5
Operating Margin	-	22.25%	21.07%	22.29%	22.97%
Earnings before Tax (EBT) ¹	-	298.9	386.3	509.6	618.3
Net income ¹	228.9	263.5	342.8	459.4	534.9
Net margin	-	19.62%	19.96%	20.85%	19.87%
EPS ²	0.7241	0.8297	1.010	1.353	1.575
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	0.2000	0.2800	0.3700	-
Announcement Date	4/19/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q4	2024 Q1	2024 Q2	2024 Q3
Net sales ¹	-	336.4	343.1	390.1	447.9
EBITDA	-	-	-	-	-
EBIT ¹	-	56.44	79.36	84.04	98.99
Operating Margin	-	16.78%	23.13%	21.54%	22.1%
Earnings before Tax (EBT)	-	-	-	-	-
Net income	53.49	-	-	-	-
Net margin	-	-	-	-	-
EPS	0.1734	-	-	-	-
Dividend per Share	-	-	-	-	-
Announcement Date	4/19/23	4/19/24	4/19/24	-	-

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	-	206	246	351	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	-	10.7%	11.2%	13.8%	14.2%
ROA (Net income/ Total Assets)	-	7.54%	8.1%	9.25%	-
Assets ¹	-	3,493	4,232	4,966	-
Book Value Per Share ²	-	8.430	9.100	9.970	11.30
Cash Flow per Share ²	-	1.260	1.150	1.560	1.920
Capex ¹	-	239	419	411	472
Capex / Sales	-	17.77%	24.37%	18.63%	17.54%
Announcement Date	4/19/23	4/19/24	-	-	-

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 Best Precision Machinery Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

27.12 CNY

Average target price

30.44 CNY

Spread / Average Target

+12.25%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Engine & Powertrain Systems

	1st Jan change	Capi.
WUXI BEST PRECISION MACHINERY CO., LTD.	-10.44%	1.27B
CUMMINS INC.	+21.11%	39.54B
CUMMINS INDIA LIMITED	+72.92%	11.44B
VITESCO TECHNOLOGIES GROUP AG	-8.76%	2.99B
DORMAN PRODUCTS, INC.	+9.75%	2.83B
ATMUS FILTRATION TECHNOLOGIES INC.	+28.54%	2.51B
GARRETT MOTION INC.	-3.83%	2.12B
CHONGQING ZONGSHEN POWER MACHINERY CO.,LTD	+92.01%	2.02B
YAPP AUTOMOTIVE SYSTEMS CO., LTD.	-7.99%	1.13B
FEILONG AUTO COMPONENTS CO., LTD.	-15.24%	938M

Engine & Powertrain Systems