Stock 688390 GOODWE TECHNOLOGIES CO., LTD.
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Financials GoodWe Technologies Co., Ltd.

Equities

688390

CNE100004363

Renewable Energy Equipment & Services

End-of-day quote Shanghai S.E.
Other stock markets
 18:00:00 2024-04-25 EDT 		5-day change 1st Jan Change
90.38 CNY -1.65% Intraday chart for GoodWe Technologies Co., Ltd. -4.39% -30.79%
04-26 Jefferies Adjusts Jiangsu GoodWe Power Supply Technology’s Price Target to 93.09 Yuan From 133.20 Yuan, Keeps at Hold MT
04-25 GoodWe Technologies Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,935 40,443 39,805 22,576 15,619 - -
Enterprise Value (EV) 1 20,935 39,219 38,304 20,878 13,419 12,341 13,930
P/E ratio 65.4 x 145 x 61.8 x 26.6 x 13 x 6.79 x 17.8 x
Yield - 0.26% 0.5% 0.57% 2.31% 3.63% 0.85%
Capitalization / Revenue 13.2 x 15.1 x 8.45 x 3.07 x 1.62 x 0.92 x 1.41 x
EV / Revenue 13.2 x 14.6 x 8.13 x 2.84 x 1.39 x 0.73 x 1.26 x
EV / EBITDA 64.6 x 102 x 49.3 x 18.6 x 8.58 x 4.83 x 11.1 x
EV / FCF - -1,789 x 98.6 x 44.5 x 57.1 x 14.6 x 81 x
FCF Yield - -0.06% 1.01% 2.25% 1.75% 6.85% 1.23%
Price to Book 14.4 x 24.4 x 17.6 x 7.57 x 4.31 x 2.38 x 3.32 x
Nbr of stocks (in thousands) 172,480 172,480 172,480 172,888 172,817 - -
Reference price 2 121.4 234.5 230.8 130.6 90.38 90.38 90.38
Announcement Date 21-04-22 22-02-25 23-02-27 24-02-23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 945.4 1,589 2,678 4,710 7,353 9,621 16,958 11,072
EBITDA 1 - 324.2 384.4 777 1,124 1,564 2,556 1,259
EBIT 1 - 302 296.5 695.1 1,007 1,410 2,367 1,029
Operating Margin - 19.01% 11.07% 14.76% 13.69% 14.65% 13.96% 9.29%
Earnings before Tax (EBT) 1 - 302.6 296.1 690.1 1,004 1,274 2,556 1,036
Net income 1 - 260.3 279.5 649.3 852.1 1,202 2,300 879
Net margin - 16.38% 10.44% 13.78% 11.59% 12.5% 13.57% 7.94%
EPS 2 0.7959 1.857 1.617 3.736 4.900 6.972 13.31 5.090
Free Cash Flow 1 - - -21.92 388.5 468.8 235 845 172
FCF margin - - -0.82% 8.25% 6.38% 2.44% 4.98% 1.55%
FCF Conversion (EBITDA) - - - 50% 41.7% 15.02% 33.06% 13.66%
FCF Conversion (Net income) - - - 59.84% 55.02% 19.54% 36.73% 19.57%
Dividend per Share 2 - - 0.6122 1.143 0.7500 2.092 3.278 0.7700
Announcement Date 20-08-30 21-04-22 22-02-25 23-02-27 24-02-23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Net sales 1 - 1,795 1,719 2,095
EBITDA - - - -
EBIT 1 - 422.6 380.4 367.1
Operating Margin - 23.55% 22.13% 17.52%
Earnings before Tax (EBT) - - - -
Net income 220.5 - - -
Net margin - - - -
EPS 2 1.271 2.150 1.936 2.324
Dividend per Share - - - -
Announcement Date 22-10-28 23-02-27 23-04-26 23-08-29
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 1,224 1,500 1,698 2,200 3,278 1,689
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -21.9 389 469 235 845 172
ROE (net income / shareholders' equity) - 35% 18.1% 33.2% 32.5% 23.9% 33.2% 20%
ROA (Net income/ Total Assets) - - 8.92% 13.6% - 9.67% 12.5% 10%
Assets 1 - - 3,133 4,757 - 12,430 18,449 8,790
Book Value Per Share 2 - 8.450 9.600 13.10 17.30 21.00 38.00 27.30
Cash Flow per Share 2 - 2.550 1.720 5.070 5.980 7.840 16.60 -
Capex 1 - - 318 486 565 612 591 886
Capex / Sales - - 11.87% 10.32% 7.69% 6.36% 3.49% 8%
Announcement Date 20-08-30 21-04-22 22-02-25 23-02-27 24-02-23 - - -
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

Ratings for GoodWe Technologies Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
90.38 CNY
Average target price
133.6 CNY
Spread / Average Target
+47.83%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Renewable Energy Equipment & Services

1st Jan change Capi.
GOODWE TECHNOLOGIES CO., LTD. Stock GoodWe Technologies Co., Ltd.
-30.79% 2.16B
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