Financials Kunshan Dongwei Technology Co.,Ltd.

Equities

688700

CNE1000051C9

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. 23:00:00 16/05/2024 BST 5-day change 1st Jan Change
39.58 CNY +3.91% Intraday chart for Kunshan Dongwei Technology Co.,Ltd. +3.13% -35.14%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 10,024 21,072 14,012 9,089 - -
Enterprise Value (EV) 1 10,024 20,905 13,863 8,193 8,077 9,089
P/E ratio 54.5 x 98.7 x 88.4 x 30.9 x 21 x 17.9 x
Yield 0.44% 0.31% 0.41% 1.06% 1.49% 1.67%
Capitalization / Revenue 12.5 x 20.8 x 15.3 x 6.66 x 4.1 x 3.99 x
EV / Revenue 12.5 x 20.7 x 15.1 x 6 x 3.65 x 3.99 x
EV / EBITDA 53.3 x 84.9 x 72.5 x 19.9 x 14.3 x -
EV / FCF - -757 x -77.2 x -303 x 95 x -
FCF Yield - -0.13% -1.3% -0.33% 1.05% -
Price to Book 13 x 22.5 x 8.05 x 4.52 x 3.83 x -
Nbr of stocks (in thousands) 217,856 217,856 229,632 229,632 - -
Reference price 2 46.01 96.72 61.02 39.58 39.58 39.58
Announcement Date 15/04/22 11/01/23 21/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 804.6 1,012 915.4 1,365 2,215 2,279
EBITDA 1 - 188.1 246.2 191.1 411.5 565.6 -
EBIT 1 - 180.5 235.6 173.8 352.2 504.5 567
Operating Margin - 22.43% 23.29% 18.99% 25.8% 22.77% 24.88%
Earnings before Tax (EBT) 1 - 180 235.1 173.6 327 486.5 567
Net income 1 87.81 160.9 213.3 154.8 292.5 435 508
Net margin - 19.99% 21.08% 16.91% 21.42% 19.64% 22.29%
EPS 2 0.5405 0.8446 0.9797 0.6900 1.282 1.888 2.210
Free Cash Flow 1 - - -27.61 -179.5 -27 85 -
FCF margin - - -2.73% -19.61% -1.98% 3.84% -
FCF Conversion (EBITDA) - - - - - 15.03% -
FCF Conversion (Net income) - - - - - 19.54% -
Dividend per Share 2 - 0.2027 0.2973 0.2500 0.4197 0.5879 0.6600
Announcement Date 25/05/21 15/04/22 11/01/23 21/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 216.9 270.6 329.4 - 264.6 231.9 184.6 - - - - -
EBITDA - - - - - - - - - - - -
EBIT 61.82 58.56 70.49 - 57.78 52.2 6.196 - - - - -
Operating Margin 28.51% 21.64% 21.4% - 21.84% 22.51% 3.36% - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income - - - - - 46.85 - - - - - -
Net margin - - - - - 20.2% - - - - - -
EPS - 0.2432 0.3108 - 0.3000 0.2106 0.0200 - - - - -
Dividend per Share 1 - - - - - - 0.2500 - - 0.3889 - -
Announcement Date 21/07/22 23/10/22 11/01/23 07/04/23 24/07/23 26/10/23 21/02/24 - - - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - - 166 150 896 1,012 -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - -27.6 -180 -27 85 -
ROE (net income / shareholders' equity) - 27.5% 25.6% 11.6% 16.9% 20.8% 18.9%
ROA (Net income/ Total Assets) - 8.73% 13.1% 7.28% 10.3% 11.9% 12.1%
Assets 1 - 1,843 1,630 2,126 2,849 3,663 4,198
Book Value Per Share 2 - 3.530 4.310 7.580 8.750 10.30 -
Cash Flow per Share 2 - 0.4100 0.6000 -0.3500 0.7900 0.9500 2.050
Capex 1 - 47.2 157 99.9 217 181 105
Capex / Sales - 5.87% 15.56% 10.92% 15.89% 8.17% 4.61%
Announcement Date 25/05/21 15/04/22 11/01/23 21/02/24 - - -
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
OUTPERFORM
Number of Analysts
6
Last Close Price
39.58 CNY
Average target price
47.47 CNY
Spread / Average Target
+19.93%
Consensus
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