Company Valuation: Weichai Power Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 145,513 86,180 114,403 113,430 147,156 291,287 - -
Change - -40.77% 32.75% -0.85% 29.73% 97.94% - -
Enterprise Value (EV) 1 102,291 60,002 65,240 79,769 112,606 237,422 225,144 208,283
Change - -41.34% 8.73% 22.27% 41.17% 110.84% -5.17% -7.49%
P/E ratio 11.3x 16.3x 11.4x 8.52x 13.4x 21.8x 18x 15.8x
PBR 2.03x - 1.29x 1.12x 1.58x 3.15x 2.84x 2.6x
PEG - -0.3x 0.1x 0.3x -3.51x 0.7x 0.9x 1.1x
Capitalization / Revenue 0.71x 0.49x 0.53x 0.53x 0.63x 1.14x 1.06x 0.96x
EV / Revenue 0.5x 0.34x 0.3x 0.37x 0.49x 0.93x 0.82x 0.68x
EV / EBITDA 4.19x 3.53x 2.63x 2.65x 3.8x 6.75x 5.88x 4.8x
EV / EBIT 7.36x 10.3x 5.06x 4.58x 7.01x 11.4x 9.1x 7.35x
EV / FCF 11.4x -6.73x 3.17x 4.09x 5.12x 9.44x 6.76x 6.42x
FCF Yield 8.77% -14.9% 31.5% 24.4% 19.5% 10.6% 14.8% 15.6%
Dividend per Share 2 0.37 - 0.519 0.719 - 0.962 1.129 1.284
Rate of return 2.98% - 4.38% 6.44% - 2.67% 3.14% 3.57%
EPS 2 1.1 0.57 1.04 1.31 1.26 1.653 1.995 2.274
Distribution rate 33.6% - 49.9% 54.9% - 58.2% 56.6% 56.5%
Net sales 1 203,548 175,158 213,958 215,691 231,809 255,815 274,079 304,975
EBITDA 1 24,426 16,982 24,814 30,154 29,672 35,193 38,260 43,426
EBIT 1 13,889 5,834 12,905 17,428 16,074 20,890 24,728 28,344
Net income 1 9,254 4,905 9,014 11,403 10,931 14,405 17,049 19,773
Net Debt 1 -43,222 -26,178 -49,163 -33,661 -34,550 -53,865 -66,143 -83,004
Reference price 2 12.43 9.27 11.84 11.16 16.94 35.96 35.96 35.96
Nbr of stocks (in thousands) 8,726,557 8,639,291 8,639,291 8,639,291 8,585,059 8,640,221 - -
Announcement Date 30/03/22 30/03/23 25/03/24 27/03/25 26/03/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.65x0.95x6.93x2.69% 42.83B
28.15x1.84x15.11x1.11% 56.3B
12.52x0.66x5.31x3.38% 32.98B
10.68x0.66x8.72x1.37% 31.06B
15.21x2.81x9.94x3.89% 22.67B
10.22x0.49x4.87x3.14% 17.17B
36.9x3.32x19.9x0.82% 17.09B
11.69x1.04x5.96x4.61% 16.64B
34.32x1.2x13.26x0.64% 14.75B
13.88x1.14x6.42x-.--% 12.26B
Average 19.52x 1.41x 9.64x 2.17% 26.38B
Weighted average by Cap. 20.01x 1.38x 9.92x 2.18%

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

  1. Stock Market
  2. Equities
  3. 2338 Stock
  4. Valuation Weichai Power Co., Ltd.