Financials Western Mining Co.,Ltd.

Equities

601168

CNE100000619

Specialty Mining & Metals

End-of-day quote Shanghai S.E. 23:00:00 23/06/2024 BST 5-day change 1st Jan Change
17.72 CNY -1.94% Intraday chart for Western Mining Co.,Ltd. +2.55% +24.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,775 29,502 32,433 24,307 34,005 42,227 - -
Enterprise Value (EV) 1 15,775 29,502 32,433 24,307 34,005 42,227 42,227 42,227
P/E ratio 15.8 x 32.6 x 11.1 x 7.03 x 12.2 x 11.4 x 10.4 x 9.54 x
Yield 1.51% 0.97% 1.47% 13.7% 3.5% 3.83% 3.33% 4.61%
Capitalization / Revenue 0.52 x 1.03 x 0.84 x 0.61 x 0.8 x 0.9 x 0.86 x 0.81 x
EV / Revenue 0.52 x 1.03 x 0.84 x 0.61 x 0.8 x 0.9 x 0.86 x 0.81 x
EV / EBITDA - - - - 4.72 x 5 x 4.44 x 4.12 x
EV / FCF - - 6,641,714 x 2,859,857 x 10,119,275 x - - -
FCF Yield - - 0% 0% 0% - - -
Price to Book 1.57 x 2.7 x 2.44 x 1.51 x 2.23 x 2.42 x 2.06 x 1.91 x
Nbr of stocks (in thousands) 2,383,000 2,383,000 2,383,000 2,383,000 2,383,000 2,383,000 - -
Reference price 2 6.620 12.38 13.61 10.20 14.27 17.72 17.72 17.72
Announcement Date 12/03/20 28/04/21 22/04/22 24/03/23 15/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 30,567 28,550 38,401 39,762 42,748 46,705 49,070 52,312
EBITDA 1 - - - - 7,210 8,439 9,500 10,250
EBIT 1 1,404 1,716 5,036 5,509 5,085 6,234 6,985 7,651
Operating Margin 4.59% 6.01% 13.11% 13.86% 11.9% 13.35% 14.23% 14.63%
Earnings before Tax (EBT) 1 1,544 1,651 5,120 5,662 4,719 6,204 7,006 7,652
Net income 1 1,007 907.8 2,932 3,446 2,789 3,689 4,075 4,423
Net margin 3.29% 3.18% 7.64% 8.67% 6.52% 7.9% 8.3% 8.45%
EPS 2 0.4200 0.3800 1.230 1.450 1.170 1.548 1.711 1.857
Free Cash Flow - - 4,883 8,499 3,360 - - -
FCF margin - - 12.72% 21.38% 7.86% - - -
FCF Conversion (EBITDA) - - - - 46.61% - - -
FCF Conversion (Net income) - - 166.52% 246.64% 120.48% - - -
Dividend per Share 2 0.1000 0.1200 0.2000 1.400 0.5000 0.6780 0.5900 0.8167
Announcement Date 12/03/20 28/04/21 22/04/22 24/03/23 15/03/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - 4,883 8,499 3,360 - - -
ROE (net income / shareholders' equity) 10.6% 8.67% 23.9% 23.4% 17.7% 21.2% 20.5% 20.4%
ROA (Net income/ Total Assets) - - - - 5.28% 6.83% 7.05% 7.22%
Assets 1 - - - - 52,803 54,040 57,843 61,238
Book Value Per Share 2 4.210 4.580 5.580 6.770 6.410 7.320 8.600 9.270
Cash Flow per Share 2 1.630 1.380 - - 2.620 3.420 3.840 3.990
Capex 1 2,767 4,529 3,069 1,752 2,879 3,004 2,367 2,567
Capex / Sales 9.05% 15.86% 7.99% 4.41% 6.73% 6.43% 4.82% 4.91%
Announcement Date 12/03/20 28/04/21 22/04/22 24/03/23 15/03/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
17.72 CNY
Average target price
22.4 CNY
Spread / Average Target
+26.42%
Consensus

Annual profits - Rate of surprise

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