WEICHAI HEAVY MACHINERY CO., LTD. Financials Weichai Heavy Machinery Co., Ltd.
Equities
000880
CNE0000007S9
Industrial Machinery & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.19 CNY | +2.00% |
|
+7.11% | -13.55% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,988 | 2,162 | 2,540 | 3,032 | 3,091 | 3,522 |
| Enterprise Value (EV) 1 | 999.8 | 1,068 | 1,234 | 1,539 | 1,337 | 1,408 |
| P/E ratio | 48 x | 26.1 x | 23 x | 22.3 x | 22.2 x | 21.3 x |
| Yield | 0.28% | 0.26% | 0.54% | 0.27% | 1.61% | 1.69% |
| Capitalization / Revenue | 0.84 x | 0.81 x | 0.77 x | 0.89 x | 0.89 x | 0.94 x |
| EV / Revenue | 0.42 x | 0.4 x | 0.37 x | 0.45 x | 0.39 x | 0.37 x |
| EV / EBITDA | 7.5 x | 7.22 x | 6.66 x | 8.73 x | 6.91 x | 8.65 x |
| EV / FCF | 2.82 x | 8.23 x | 14.6 x | 10.6 x | 15.6 x | 4.35 x |
| FCF Yield | 35.4% | 12.2% | 6.85% | 9.43% | 6.4% | 23% |
| Price to Book | 1.45 x | 1.48 x | 1.62 x | 1.79 x | 1.7 x | 1.81 x |
| Nbr of stocks (in thousands) | 331,321 | 331,321 | 331,321 | 331,321 | 331,321 | 331,321 |
| Reference price 2 | 6.000 | 6.525 | 7.667 | 9.150 | 9.330 | 10.63 |
| Announcement Date | 29/03/19 | 27/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 25/03/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,368 | 2,659 | 3,308 | 3,411 | 3,455 | 3,762 |
| EBITDA 1 | 133.4 | 148.1 | 185.3 | 176.2 | 193.6 | 162.8 |
| EBIT 1 | -13.93 | 0.2961 | 27.72 | 22.01 | 54.59 | 36.79 |
| Operating Margin | -0.59% | 0.01% | 0.84% | 0.65% | 1.58% | 0.98% |
| Earnings before Tax (EBT) 1 | 36.09 | 72.37 | 104.2 | 138.5 | 152.1 | 153.7 |
| Net income 1 | 41.57 | 83.68 | 109.7 | 136.8 | 140.8 | 166.5 |
| Net margin | 1.76% | 3.15% | 3.32% | 4.01% | 4.07% | 4.43% |
| EPS 2 | 0.1250 | 0.2500 | 0.3333 | 0.4100 | 0.4200 | 0.5000 |
| Free Cash Flow 1 | 354.3 | 129.9 | 84.51 | 145.2 | 85.58 | 323.8 |
| FCF margin | 14.96% | 4.88% | 2.55% | 4.26% | 2.48% | 8.61% |
| FCF Conversion (EBITDA) | 265.66% | 87.72% | 45.6% | 82.39% | 44.22% | 198.89% |
| FCF Conversion (Net income) | 852.49% | 155.21% | 77.05% | 106.15% | 60.8% | 194.5% |
| Dividend per Share 2 | 0.0167 | 0.0167 | 0.0417 | 0.0250 | 0.1500 | 0.1800 |
| Announcement Date | 29/03/19 | 27/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 25/03/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 988 | 1,094 | 1,307 | 1,492 | 1,754 | 2,113 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 354 | 130 | 84.5 | 145 | 85.6 | 324 |
| ROE (net income / shareholders' equity) | 3.07% | 5.91% | 7.25% | 8.4% | 8.01% | 8.84% |
| ROA (Net income/ Total Assets) | -0.23% | 0% | 0.4% | 0.3% | 0.7% | 0.44% |
| Assets 1 | -17,916 | 1,859,454 | 27,552 | 45,488 | 20,203 | 38,105 |
| Book Value Per Share 2 | 4.140 | 4.400 | 4.730 | 5.100 | 5.500 | 5.860 |
| Cash Flow per Share 2 | 2.980 | 3.300 | 3.940 | 4.550 | 5.310 | 6.380 |
| Capex 1 | 67.2 | 35.2 | 60.6 | 48.9 | 36.2 | 29.9 |
| Capex / Sales | 2.84% | 1.32% | 1.83% | 1.43% | 1.05% | 0.8% |
| Announcement Date | 29/03/19 | 27/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 25/03/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -13.55% | 421M | |
| +23.16% | 6.6B | |
| +6.33% | 4.75B | |
| +31.97% | 4.63B | |
| +8.10% | 4.33B | |
| -11.63% | 3.38B | |
| -21.17% | 2.82B | |
| -0.85% | 2.53B | |
| -3.85% | 2.42B | |
| +15.16% | 2.19B |
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- Financials Weichai Heavy Machinery Co., Ltd.
