Financials Zhejiang Wazam New Materials Co.,LTD.

Equities

603186

CNE100003J07

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. Other stock markets 18:00:00 2024-04-29 EDT			5-day change	1st Jan Change
24.01 ^CNY	-0.17%		+3.94%	-30.81%

04-19	Zhejiang Wazam New Materials Co.,LTD. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-14	Zhejiang Wazam New Materials Co.,LTD. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025
Capitalization ¹	3,213	4,928	3,410	-
Enterprise Value (EV) ¹	3,213	4,928	3,410	3,410
P/E ratio	90.5 x	-40.8 x	50 x	15.2 x
Yield	0.35%	-	-	-
Capitalization / Revenue	0.98 x	1.47 x	0.82 x	0.68 x
EV / Revenue	0.98 x	1.47 x	0.82 x	0.68 x
EV / EBITDA	25,731,490 x	-	-	-
EV / FCF	-	-32.3 x	-45.5 x	17.4 x
FCF Yield	-	-3.09%	-2.2%	5.75%
Price to Book	1.97 x	-	-	-
Nbr of stocks (in thousands)	142,026	142,012	142,012	-
Reference price ²	22.62	34.70	24.01	24.01
Announcement Date	23-03-14	24-04-14	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025
Net sales ¹	3,286	3,362	4,153	4,982
EBITDA	124.9	-	-	-
EBIT ¹	8.012	-157.9	115	335
Operating Margin	0.24%	-4.7%	2.77%	6.72%
Earnings before Tax (EBT) ¹	9.842	-157.1	73	284
Net income ¹	36.08	-120.3	68	225
Net margin	1.1%	-3.58%	1.64%	4.52%
EPS ²	0.2500	-0.8500	0.4800	1.580
Free Cash Flow ¹	-	-152.4	-75	196
FCF margin	-	-4.53%	-1.81%	3.93%
FCF Conversion (EBITDA)	-	-	-	-
FCF Conversion (Net income)	-	-	-	87.11%
Dividend per Share	0.0800	-	-	-
Announcement Date	23-03-14	24-04-14	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	757.9	823.3	916	864.3	854.8	1,005	1,117	1,144	1,130	1,223
EBITDA	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-18.22	-12.49	-26.61	-100.4	-6.99	27	41	50	66	85
Operating Margin	-2.4%	-1.52%	-2.91%	-11.62%	-0.82%	2.69%	3.67%	4.37%	5.84%	6.95%
Earnings before Tax (EBT) ¹	-	-11.02	-27.19	-100.6	-6.503	17	31	40	53	72
Net income ¹	-	-3.473	-19.25	-89.75	-0.9927	16	27	32	42	58
Net margin	-	-0.42%	-2.1%	-10.38%	-0.12%	1.59%	2.42%	2.8%	3.72%	4.74%
EPS	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-
Announcement Date	23-04-17	23-08-15	23-10-24	24-04-14	24-04-19	-	-	-	-	-

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025
Net Debt	-	-	-	-
Net Cash position	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-
Free Cash Flow ¹	-	-152	-75	196
ROE (net income / shareholders' equity)	2.21%	-7.45%	4.2%	12.7%
ROA (Net income/ Total Assets)	0.67%	-2.1%	1%	4%
Assets ¹	5,369	5,716	6,800	5,625
Book Value Per Share	11.50	-	-	-
Cash Flow per Share	2.730	-	-	-
Capex	554	-	-	-
Capex / Sales	16.88%	-	-	-
Announcement Date	23-03-14	24-04-14	-	-

¹CNY in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Zhejiang Wazam New Materials Co.,LTD.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

24.01 CNY

Average target price

32 CNY

Spread / Average Target

+33.28%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Electronic Component

	1st Jan change	Capi.
ZHEJIANG WAZAM NEW MATERIALS CO.,LTD.	-30.81%	471M
AMPHENOL CORPORATION	+23.72%	73.66B
HON HAI PRECISION INDUSTRY CO., LTD.	+49.28%	66.97B
MURATA MANUFACTURING CO., LTD	-6.52%	34.57B
LUXSHARE PRECISION INDUSTRY CO., LTD.	-15.24%	28.96B
JABIL INC.	-7.99%	14.14B
AVIC JONHON OPTRONIC TECHNOLOGY CO.,LTD.	-11.85%	10.07B
LENS TECHNOLOGY CO., LTD.	+8.41%	9.77B
SUZHOU TFC OPTICAL COMMUNICATION CO., LTD.	+76.30%	8.8B
COHERENT CORP.	+29.82%	8.58B

Electronic Component