Financials Wuxi NCE Power Co.,Ltd.

Equities

605111

CNE1000042H7

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
37.97 CNY -0.24% Intraday chart for Wuxi NCE Power Co.,Ltd. +3.29% +0.37%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,789 25,233 16,526 11,281 11,321 - -
Enterprise Value (EV) 1 19,789 25,233 13,961 8,613 8,169 7,926 7,586
P/E ratio 116 x 61.4 x 36.4 x 33.5 x 27.8 x 20.4 x 18.9 x
Yield 0.21% 0.32% 0.53% 0.57% 0.86% 1.08% 1.2%
Capitalization / Revenue 20.7 x 16.8 x 9.13 x 7.64 x 6.06 x 4.93 x 4.03 x
EV / Revenue 20.7 x 16.8 x 7.71 x 5.83 x 4.37 x 3.45 x 2.7 x
EV / EBITDA - 52 x 26.3 x 22.7 x 17.7 x 13.5 x 10.5 x
EV / FCF - - 74.6 x 30.3 x 43 x 16.7 x -
FCF Yield - - 1.34% 3.3% 2.33% 6.01% -
Price to Book 17.1 x 16.5 x 4.91 x 3.1 x 2.61 x 2.44 x 2.18 x
Nbr of stocks (in thousands) 277,693 277,693 298,226 298,192 298,168 - -
Reference price 2 71.26 90.87 55.41 37.83 37.97 37.97 37.97
Announcement Date 3/30/21 3/3/22 3/20/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 955 1,498 1,811 1,477 1,867 2,295 2,809
EBITDA 1 - 485 531.2 379.6 462.1 587.8 720.7
EBIT 1 157.7 469.6 506.7 349.6 445.7 549 658.5
Operating Margin 16.51% 31.34% 27.98% 23.68% 23.86% 23.93% 23.44%
Earnings before Tax (EBT) 1 158 469.6 507.1 349.4 449.5 569.6 653
Net income 1 139.4 410.5 435.2 323.1 407.3 555.4 599.2
Net margin 14.59% 27.4% 24.03% 21.88% 21.81% 24.2% 21.33%
EPS 2 0.6159 1.480 1.521 1.130 1.368 1.863 2.008
Free Cash Flow 1 - - 187 284.4 190 476 -
FCF margin - - 10.33% 19.26% 10.17% 20.74% -
FCF Conversion (EBITDA) - - 35.21% 74.94% 41.12% 80.98% -
FCF Conversion (Net income) - - 42.98% 88.02% 46.64% 85.7% -
Dividend per Share 2 0.1512 0.2934 0.2921 0.2170 0.3252 0.4099 0.4544
Announcement Date 3/30/21 3/3/22 3/20/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q3 2022 Q4 2023 Q1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 398.8 - 483.8 373.7 345.8 372.3 371.7 501.9 602.3 501.9 504.5 630.6
EBITDA 1 - - - - - - - 112.3 132.8 112.3 110.9 135.8
EBIT 1 112.4 - 108.9 - 76.42 108.5 112.8 102.4 122.9 102.4 99.61 124.5
Operating Margin 28.17% - 22.52% - 22.1% 29.16% 30.34% 20.4% 20.4% 20.4% 19.74% 19.74%
Earnings before Tax (EBT) - - - - 75.47 108.9 - - - - - -
Net income 1 99.72 103.5 97.47 - 67.28 108.2 100.1 102.7 120.4 102.7 101.4 123
Net margin 25% - 20.15% - 19.46% 29.07% 26.92% 20.46% 19.99% 20.46% 20.1% 19.5%
EPS 2 0.3622 0.3571 0.3214 - 0.2200 0.4100 0.3500 0.3444 0.4037 0.3444 0.3400 0.4123
Dividend per Share 2 - - - - - 0.2170 - - - 0.2755 - -
Announcement Date 3/3/22 10/25/22 3/20/23 4/26/23 10/26/23 3/27/24 4/29/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - - 2,565 2,667 3,153 3,395 3,735
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - 187 284 190 476 -
ROE (net income / shareholders' equity) 18.5% 30.6% 18.8% 9.25% 10.7% 13.1% 11.8%
ROA (Net income/ Total Assets) 12.6% 25% 14.8% 7.76% 9.41% 11.1% 11.7%
Assets 1 1,103 1,642 2,941 4,165 4,329 5,001 5,121
Book Value Per Share 2 4.180 5.510 11.30 12.20 14.50 15.60 17.40
Cash Flow per Share 2 0.2900 1.620 0.9200 1.590 1.870 1.640 2.060
Capex 1 58.1 146 86.3 191 65.8 63.4 73.1
Capex / Sales 6.08% 9.74% 4.76% 12.94% 3.52% 2.76% 2.6%
Announcement Date 3/30/21 3/3/22 3/20/23 3/27/24 - - -
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
8
Last Close Price
37.97 CNY
Average target price
41.05 CNY
Spread / Average Target
+8.11%
Consensus
  1. Stock Market
  2. Equities
  3. 605111 Stock
  4. Financials Wuxi NCE Power Co.,Ltd.