Waterdrop Inc.

NYSE:WDH 株式レポート

時価総額：US$556.9m

Waterdrop 将来の成長

Future 基準チェック /16

Waterdrop利益と収益がそれぞれ年間14.9%と9.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に15.2% 14.5%なると予測されています。

主要情報

14.9%

収益成長率

14.48%

EPS成長率

Insurance 収益成長2.0%
収益成長率9.9%
将来の株主資本利益率15.20%
アナリストカバレッジ

Low

最終更新日27 Mar 2026

今後の成長に関する最新情報

Recent updates

ナラティブの更新 • May 11

WDH: Semi Annual Dividend And Stable Outlook Will Support Future Upside

Analysts have kept their price target for Waterdrop steady at $2.95, citing relatively unchanged fair value estimates along with small adjustments to assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News Waterdrop Inc.
ナラティブの更新 • Apr 26

WDH: Semi Annual Dividend And Profit Outlook Will Support Future Upside

Analysts have lifted their price target for Waterdrop to $2.95 from $2.95, reflecting updated assumptions that point to slightly higher revenue growth, a marginally stronger profit margin, and a modestly lower future P/E multiple. What's in the News Waterdrop Inc.
ナラティブの更新 • Apr 08

WDH: Semi Annual Dividend Will Support Upside Despite Slower Outlook

Analysts have trimmed their 12 month price target for Waterdrop slightly to about $2.95 from roughly $2.95. This reflects revised expectations for slower revenue growth at around 11% and a modestly higher forward P/E near 9.2x, partly offset by a slightly stronger projected profit margin of about 18%.
ナラティブの更新 • Mar 25

WDH: Planned Cash Dividend And Lower Future P/E Will Support Upside

Analysts have slightly revised their price target for Waterdrop, now reflecting modestly higher assumptions for revenue growth of 23.86%, profit margin of 16.74%, and a future P/E of 8.82. Together, these figures inform a refreshed view of the stock's potential value in dollar terms.
ナラティブの更新 • Mar 10

WDH: Stable Assumptions And Lower Future P/E Will Support Upside

Narrative Update on Waterdrop The latest analyst price target for Waterdrop has been adjusted to $2.95 from $2.95, with analysts citing slightly updated assumptions for revenue growth, profit margins, and future P/E to support the revised view. Valuation Changes Fair Value: Modelled fair value remains effectively unchanged at $2.95 per share.
ナラティブの更新 • Feb 23

WDH: Share Repurchases Will Support Earnings Outlook And Future Upside

Analysts have modestly adjusted their price target for Waterdrop, now reflecting slightly higher assumed revenue growth of 23.36%, a marginally improved profit margin of 16.72%, and a lower future P/E of 8.96x. Together, these changes point to a somewhat more constructive view on the company’s earnings potential.
Seeking Alpha • Feb 18

Waterdrop: Profitable Growth Meets Deep Value In China's InsurTech

Summary Waterdrop Inc. combines rapid growth with sustainable profitability, posting 38.4% revenue and 60.1% net income growth in Q3 2025. WDH's business model shift to technology-driven insurance distribution, with AI integration, enhances margins and operational efficiency. Shares trade at an attractive 9x forward P/E, backed by a strong cash position and disciplined capital returns via buybacks and dividends. Regulatory risks and competition persist, but WDH's robust balance sheet and evolving tech platform underpin its value-growth thesis. Read the full article on Seeking Alpha
ナラティブの更新 • Feb 09

WDH: Share Buybacks And Margin Outlook Will Drive Future Upside

Analysts have modestly adjusted their price target on Waterdrop, citing slightly higher assumed revenue growth of 23.12%, a small uptick in profit margin expectations to 16.72%, and a marginally lower future P/E estimate of 9.08x, all discounted at a refined rate of 7.52%. What's in the News Waterdrop issued earnings guidance for 2025, stating it is confident in exceeding its full year revenue and profit guidance (Corporate Guidance).
ナラティブの更新 • Jan 25

WDH: Share Buybacks And Margin Outlook Will Support Future Upside

Analysts have slightly raised their price target for Waterdrop to US$2.95 from US$2.91, citing updated assumptions around revenue growth, profit margins, and a modestly lower future P/E multiple. What's in the News Waterdrop issued earnings guidance for 2025, stating it is confident in exceeding its full year revenue and profit guidance (company guidance).
ナラティブの更新 • Jan 11

WDH: Share Buybacks And Margin Outlook Will Support Future Upside

Analysts have adjusted their price target on Waterdrop to align with updated expectations for revenue growth of 22.45%, a profit margin of 16.61%, and a future P/E of 9.21. This reflects a slightly different balance of growth and profitability assumptions behind their valuation in currency terms.
ナラティブの更新 • Dec 25

WDH: Margin Expansion And Buybacks Will Drive Further Share Price Upside

Analysts have increased their price target on Waterdrop to $2.00 from $1.80, citing expectations for stronger revenue growth and continued margin expansion, even as the recent share rally tempers near term upside. Analyst Commentary Despite a recent downgrade to Neutral by Goldman Sachs on valuation grounds, the new $2.00 price target underscores increased confidence in Waterdrop's ability to sustain margin expansion against a backdrop of muted top line growth since 2022.
ナラティブの更新 • Dec 11

WDH: Margin Strength And Buybacks Will Support Further Upside

Analysts have nudged their price target for Waterdrop higher to $2.00 from $1.80, reflecting modestly stronger growth expectations and a richer valuation, even as they highlight muted revenue momentum and a narrowing scope for further margin expansion. Analyst Commentary Bullish analysts acknowledge that the recent price target lift to $2.00 recognizes Waterdrop's improved profitability profile, even in the face of subdued top line trends.
分析記事 • Nov 25

Waterdrop Inc. (NYSE:WDH) Screens Well But There Might Be A Catch

Waterdrop Inc.'s ( NYSE:WDH ) price-to-earnings (or "P/E") ratio of 10.5x might make it look like a buy right now...
ナラティブの更新 • Sep 24

New AI Tools Like DeepSeek Will Improve Sales Efficiency And Conversion Rates

Upward revisions to both revenue growth forecasts and net profit margin have supported a higher consensus analyst price target for Waterdrop, which has increased from $1.98 to $2.21. What's in the News Board of Directors authorized a buyback plan.
分析記事 • Sep 23

Waterdrop (NYSE:WDH) Will Pay A Dividend Of CN¥0.024

Waterdrop Inc.'s ( NYSE:WDH ) investors are due to receive a payment of CN¥0.024 per share on 7th of November. This...
ナラティブの更新 • Sep 09

New AI Tools Like DeepSeek Will Improve Sales Efficiency And Conversion Rates

The significant drop in Waterdrop's future P/E ratio alongside a higher net profit margin indicates improved earnings prospects and operational efficiency, supporting the upward revision of the consensus analyst price target from $1.83 to $1.98. What's in the News The Board of Directors of Waterdrop Inc.
分析記事 • Sep 08

Waterdrop (NYSE:WDH) Is Due To Pay A Dividend Of CN¥0.024

Waterdrop Inc. ( NYSE:WDH ) has announced that it will pay a dividend of CN¥0.024 per share on the 7th of November...
分析記事 • Jul 24

Waterdrop Inc.'s (NYSE:WDH) Shares Leap 26% Yet They're Still Not Telling The Full Story

Despite an already strong run, Waterdrop Inc. ( NYSE:WDH ) shares have been powering on, with a gain of 26% in the last...
分析記事 • May 18

Investors Still Aren't Entirely Convinced By Waterdrop Inc.'s (NYSE:WDH) Earnings Despite 25% Price Jump

Waterdrop Inc. ( NYSE:WDH ) shareholders would be excited to see that the share price has had a great month, posting a...
Seeking Alpha • Mar 20

Waterdrop May Only Be Just Getting Started

Summary Waterdrop stock appears to have broken out after failing to overcome resistance for over a year, which by itself is reason to be bullish. The breakout followed in the wake of a strong Q4 FY2024 report, which showed there is much to be bullish about. WDH looks primed to move higher, but it is not impossible for it to get derailed, especially if U.S.-China relations turn frosty. Nothing is guaranteed, but there is reason to think the recent rally has only gotten started and WDH has what it takes to move higher. Read the full article on Seeking Alpha
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新しいナラティブ • Feb 13

AI Integration And New Partnerships Will Enhance Future Operational Efficiency

Targeted insurance segment expansion and AI integration are driving growth in premiums, operational efficiencies, and financial margins.
分析記事 • Oct 12

Waterdrop Inc.'s (NYSE:WDH) Shares Leap 26% Yet They're Still Not Telling The Full Story

Waterdrop Inc. ( NYSE:WDH ) shareholders would be excited to see that the share price has had a great month, posting a...
Seeking Alpha • Sep 10

Waterdrop: Very Undervalued AI-Driven Marketplace For Insurance Products

Summary Waterdrop Inc. is significantly undervalued, with expected FCF growth driven by AI-driven customer experience, proprietary CRM, and technical connections with large insurance carriers. The company's medical crowdfunding model appears to be a key catalyst for future net sales and income growth. Risks include operating in China, potential failed mergers and acquisitions, and regulatory changes, but the stock repurchase program may boost demand and stock price. Analysts forecast Waterdrop's worth to be higher than its current market value, suggesting a strong buy opportunity at the current price mark. Read the full article on Seeking Alpha
分析記事 • Feb 24

Investors Aren't Entirely Convinced By Waterdrop Inc.'s (NYSE:WDH) Earnings

With a price-to-earnings (or "P/E") ratio of 14.2x Waterdrop Inc. ( NYSE:WDH ) may be sending bullish signals at the...
分析記事 • Jun 23

Waterdrop Inc. (NYSE:WDH) Not Lagging Industry On Growth Or Pricing

Waterdrop Inc.'s ( NYSE:WDH ) price-to-sales (or "P/S") ratio of 2.3x may not look like an appealing investment...
Seeking Alpha • Dec 23

Waterdrop: Turnaround Story Supported By An Outsized Net Cash Balance

Summary The Waterdrop turnaround is taking shape. In addition to its P&L strength, the growing net cash position provides downside protection. There are regulatory risks here, but the cheap valuation makes the overall risk/reward very compelling. Integrated Chinese insurtech platform Waterdrop (WDH) continues to enjoy strong brand recognition through its medical crowdfunding and insurance marketplace platforms, delivering another strong beat-and-raise quarter in Q3. Beyond the P&L improvement, WDH’s growing cash position has largely been ignored by the market and now stands at ~RMB3.6bn (>RMB4bn, including restricted cash), providing ample valuation support. While the stock has rallied in the last month or so, the cash balance remains >50% of the market cap despite WDH remaining on track to generate cash through the coming years. Further traction in the multi-year pivot toward long-term policy sales will be a key catalyst – as of Q3, first-year premiums here have already grown in the high-single-digits % QoQ. As WDH continues to prove the viability of its strategic pivot and FCF generation potential, I see a clear path to the stock re-rating much higher. Data by YCharts Lots of Positives from the Beat-and-Raise Quarter As the QoQ growth in first-year premiums showed in Q3, sales are likely moving higher despite the on/off COVID lockdowns during the period. Of note, the balance of non-current contract assets was up again by >RMB20m (a similar pace to Q1 and Q2), pointing toward further momentum in the sales of long-term policies. I expect the FY22 disclosures next year to support this view. The key uncertainty heading into Q4 will be the impact of lockdown measures through late November, as well as the impact of the latest COVID wave after restrictions were lifted in China. Given the traction in recent quarters through the lockdowns, I suspect premium growth will continue to improve, reinforcing the case for a sustained top-line turnaround. Waterdrop Also impressive is that WDH’s revenue strength has come without sacrificing profitability. Q3 saw a net profit of RMB170m, which was down QoQ, but broadly in line with prior quarters’ results, excluding the impact of tax credits. A key reason for the well-controlled cost base has been WDH’s plan to focus on existing user conversion over more expensive external customer acquisition. With the success of this growth strategy clearly being reflected in the P&L, the upward revision to the FY22 guidance seems prudent. The extent of the revision points to some conservatism, though – given the YTD net profit is already at ~RMB480m, WDH should easily clear the FY22 net profit target of RMB500m, paving the way for another beat-and-raise quarter ahead. Long-Term Strategic Pivot on Track Amid the higher competitive intensity, WDH has protected margins by transitioning away from expensive customer acquisition through third-party channels. Instead, it is now focused on converting existing non-paying users to paying insurance customers. As seen in the Q3 results, this strategy has already driven significant opex savings, allowing for consecutive quarters of net profits for the first time in its history as a listed company. The profits have been translating into cash flow as well, driving a sizeable net cash position. Waterdrop In reaction to the tighter regulatory backdrop on short-term products, management has also prudently transitioned its product mix toward long-term insurance products. The regulatory focus on increasing insurance affordability has already resulted in a 35% commission cap on short-term insurance products, along with the implementation of a >50% claim ratio requirement for accident insurance. Given WDH’s outsized exposure to short-term medical product commissions, diversifying away from this revenue stream makes sense. Early signs have been positive, but given this is a 3–5-year goal, progress here will be worth monitoring, as well as any further tightening on industry regulation. Insulating Against Regulation As with all investments in China, regulatory developments are key. While the China Banking and Insurance Regulatory Commission (CBIRC) has not signaled any new policy implementations for now, the government’s increasingly populist rhetoric is a concern. In recent weeks, for instance, the Beijing Medical Security Bureau announced the cancellation of the upper limit of outpatient reimbursement for employees in the region from 2023. Post-implementation, this means the reimbursement ratio for expenses over RMB20k will now be ~60% for current employees and ~80% for retirees.
Seeking Alpha • Sep 09

Waterdrop GAAP EPS of $0.01, revenue of $104.72M beats by $12.92M

Waterdrop press release (NYSE:WDH): Q2 GAAP EPS of $0.01. Revenue of $104.72M (-25.3% Y/Y) beats by $12.92M. As of June 30, 2022, the company had combined cash and cash equivalents and short-term investments of $490.9M, as compared with RMB2,787.1M as of December 31, 2021.
Seeking Alpha • Aug 22

Waterdrop joins United Nations Global Compact

Waterdrop (NYSE:WDH) has announced that it has become a member of the United Nations Global Compact, the world's largest corporate sustainability initiative. "In the future, we will actively respond to relevant initiatives of UNGC, provide more valuable services through intensive efforts in insurance and healthcare, and promote the sustainable development of healthcare together with partners." said Shen Peng, Founder, Chairman and CEO.

業績と収益の成長予測

NYSE:WDH - アナリストの将来予測と過去の財務データ ( )CNY Millions
日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数
12/31/20285,388943N/A5371
12/31/20274,930732N/A9563
12/31/20264,5806014305331
12/31/20253,978569214244N/A
9/30/20253,253506N/AN/AN/A
6/30/20252,983447N/AN/AN/A
3/31/20252,821395N/AN/AN/A
12/31/20242,772368219437N/A
9/30/20242,744327N/AN/AN/A
6/30/20242,727265N/AN/AN/A
3/31/20242,729198N/AN/AN/A
12/31/20232,631167393407N/A
9/30/20232,651234N/AN/AN/A
6/30/20232,737367N/AN/AN/A
3/31/20232,759552N/AN/AN/A
12/31/20222,802608754766N/A
9/30/20222,726410N/AN/AN/A
6/30/20222,733-236N/AN/AN/A
3/31/20222,971-1,141N/AN/AN/A
12/31/20213,206-1,726-1,133-1,097N/A
9/30/20213,432-2,150N/AN/AN/A
6/30/20213,516-1,892N/AN/AN/A
3/31/20213,258-1,414N/AN/AN/A
12/31/20203,028-1,108-804-777N/A
9/30/20202,735-839-540-530N/A
12/31/20191,511-458-546-533N/A
12/31/2018238-231N/A-211N/A

アナリストによる今後の成長予測

収入対貯蓄率: WDHの予測収益成長率 (年間14.9% ) は 貯蓄率 ( 3.5% ) を上回っています。

収益対市場: WDHの収益 ( 14.9% ) US市場 ( 16.8% ) よりも低い成長が予測されています。

高成長収益: WDHの収益は増加すると予測されていますが、大幅には増加しません。

収益対市場: WDHの収益 ( 9.9% ) US市場 ( 11.6% ) よりも低い成長が予測されています。

高い収益成長: WDHの収益 ( 9.9% ) 20%よりも低い成長が予測されています。

一株当たり利益成長率予想

将来の株主資本利益率

将来のROE: WDHの 自己資本利益率 は、3年後には低くなると予測されています ( 15.2 %)。

成長企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/20 01:49
終値2026/05/20 00:00
収益2025/12/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

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業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Waterdrop Inc. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。9

アナリスト機関
Edwin LiuCLSA
Muyang ZhaoGuotai Haitong/Guotai Junan International Holdings Limited
Cheng Ru LiGuoyuan Securities (HK) Ltd