Company Valuation: Goldwind Science&Technology Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 66,438 42,722 30,077 39,972 79,675 70,576 - -
Change - -35.7% -29.6% 32.9% 99.33% -11.42% - -
Enterprise Value (EV) 1 82,706 61,944 48,667 63,675 109,029 103,921 108,536 102,623
Change - -25.1% -21.43% 30.84% 71.23% -4.68% 4.44% -5.45%
P/E 20.9x 21.1x 27.8x 24.6x 32.1x 18.7x 14.6x 12.9x
PBR 1.96x 1.32x 0.9x 1.13x 1.98x 1.69x 1.54x 1.42x
PEG - -0.6x -0.6x 0.5x 0.6x 0.3x 0.5x 1x
Capitalization / Revenue 1.32x 0.92x 0.6x 0.7x 1.09x 0.74x 0.68x 0.63x
EV / Revenue 1.64x 1.33x 0.96x 1.12x 1.5x 1.09x 1.04x 0.92x
EV / EBITDA 12.1x 11.6x 11.5x 11.7x 12.1x 9.62x 8.55x 7.37x
EV / EBIT 18.4x 22.3x 18.7x 29.4x 22.3x 17.2x 14.5x 12.6x
EV / FCF -14.5x 10.5x -9.95x -11.9x -38.1x -21.5x -53.5x -292x
FCF Yield -6.87% 9.49% -10.1% -8.38% -2.63% -4.66% -1.87% -0.34%
Dividend per Share 2 0.25 0.12 0.1 0.14 0.2 0.2722 0.3527 0.4002
Rate of return 1.52% 1.09% 1.25% 1.36% 0.98% 1.46% 1.9% 2.15%
EPS 2 0.7887 0.5203 0.2879 0.4206 0.6355 0.9934 1.278 1.445
Distribution rate 31.7% 23.1% 34.7% 33.3% 31.5% 27.4% 27.6% 27.7%
Net sales 1 50,416 46,437 50,457 56,699 72,782 95,655 104,326 111,560
EBITDA 1 6,813 5,358 4,250 5,450 8,984 10,806 12,690 13,934
EBIT 1 4,483 2,775 2,599 2,168 4,882 6,053 7,468 8,116
Net income 1 3,457 2,383 1,331 1,860 2,774 4,272 5,506 6,281
Net Debt 1 16,268 19,222 18,591 23,703 29,354 33,345 37,960 32,046
Reference price 2 16.47 11.00 8.00 10.33 20.40 18.61 18.61 18.61
Nbr of stocks (in thousands) 4,225,068 4,225,068 4,225,068 4,182,839 4,222,239 4,206,156 - -
Announcement Date 3/25/22 3/30/23 3/28/24 3/28/25 3/27/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.58x1.06x9.39x1.47% 10.36B
22.46x1.23x9.18x0.8% 32.39B
25.11x2.86x16.46x0.99% 6.74B
18.6x4.04x15.79x0.57% 3.75B
13.81x0.55x7.45x3.78% 3.24B
15.9x - - 0.82% 1.64B
11.21x0.84x5.49x2.08% 1.44B
19.59x2.11x9.95x - 1.34B
Average 18.16x 1.81x 10.53x 1.5% 7.61B
Weighted average by Cap. 20.89x 1.54x 10.30x 1.12%

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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