Company Valuation: Weichai Power Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 120,053 145,513 86,180 114,403 113,430 148,572 - -
Change - 21.21% -40.77% 32.75% -0.85% 30.98% - -
Enterprise Value (EV) 1 95,572 102,291 60,002 65,240 79,769 102,063 89,194 76,911
Change - 7.03% -41.34% 8.73% 22.27% 27.95% -12.61% -13.77%
P/E ratio 11.3x 11.3x 16.3x 11.4x 8.52x 12.4x 10.3x 8.62x
PBR 2.03x 2.03x - 1.29x 1.12x 1.66x 1.52x 1.41x
PEG - -2.18x -0.3x 0.1x 0.3x 1.42x 0.5x 0.4x
Capitalization / Revenue 0.61x 0.71x 0.49x 0.53x 0.53x 0.64x 0.58x 0.51x
EV / Revenue 0.48x 0.5x 0.34x 0.3x 0.37x 0.44x 0.35x 0.26x
EV / EBITDA 4.48x 4.19x 3.53x 2.63x 2.65x 3.11x 2.36x 1.76x
EV / EBIT 7.67x 7.36x 10.3x 5.06x 4.58x 5.56x 4.14x 3.04x
EV / FCF 5.55x 11.4x -6.73x 3.17x 4.09x 8.25x 5.39x 3.96x
FCF Yield 18% 8.77% -14.9% 31.5% 24.4% 12.1% 18.6% 25.2%
Dividend per Share 2 0.15 0.37 - 0.519 0.719 0.7833 0.9375 1.123
Rate of return 1.14% 2.98% - 4.38% 6.44% 4.45% 5.33% 6.38%
EPS 2 1.16 1.1 0.57 1.04 1.31 1.424 1.705 2.042
Distribution rate 12.9% 33.6% - 49.9% 54.9% 55% 55% 55%
Net sales 1 197,491 203,548 175,158 213,958 215,691 230,916 255,399 291,874
EBITDA 1 21,319 24,426 16,982 24,814 30,154 32,783 37,872 43,725
EBIT 1 12,461 13,889 5,834 12,905 17,428 18,356 21,538 25,294
Net income 1 9,207 9,254 4,905 9,014 11,403 12,400 14,013 15,383
Net Debt 1 -24,481 -43,222 -26,178 -49,163 -33,661 -46,509 -59,378 -71,661
Reference price 2 13.10 12.43 9.27 11.84 11.16 17.60 17.60 17.60
Nbr of stocks (in thousands) 7,933,874 8,726,557 8,639,291 8,639,291 8,639,291 8,585,059 - -
Announcement Date 30/03/21 30/03/22 30/03/23 25/03/24 27/03/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.51x0.45x3.17x4.37% 21.28B
11.8x0.72x5.2x3.23% 34.88B
21.28x1.2x10.15x1.74% 34.71B
17.08x3.42x11.92x3.65% 23.18B
8.26x0.38x5.09x1.84% 21.71B
40.16x3.98x23x0.74% 16.89B
56.25x1.13x7.12x-.--% 16.66B
-186.17x0.91x6.67x4.01% 15.01B
9.95x0.44x4.71x3.92% 13.93B
29.97x1.06x11.69x0.68% 13.48B
Average 2.11x 1.37x 8.87x 2.42% 21.17B
Weighted average by Cap. 6.39x 1.34x 8.59x 2.49%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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