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6033

Wencan GroupLtd SHSE:603348 Stock Report

Last Price

CN¥90.21

Market Cap

CN¥23.6b

7D

6.3%

1Y

144.8%

Updated

18 Aug, 2022

Data

Company Financials +
603348 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance4/6
Financial Health4/6
Dividends0/6

603348 Stock Overview

Wencan Group Co.,Ltd. researches, develops, manufactures, and sells automobile aluminum alloy precision die castings worldwide.

Wencan GroupLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wencan GroupLtd
Historical stock prices
Current Share PriceCN¥90.21
52 Week HighCN¥99.00
52 Week LowCN¥26.95
Beta0.48
1 Month Change20.04%
3 Month Change102.72%
1 Year Change144.80%
3 Year Change438.89%
5 Year Changen/a
Change since IPO310.61%

Recent News & Updates

Shareholder Returns

603348CN Auto ComponentsCN Market
7D6.3%0.8%2.2%
1Y144.8%16.0%-7.7%

Return vs Industry: 603348 exceeded the CN Auto Components industry which returned 16% over the past year.

Return vs Market: 603348 exceeded the CN Market which returned -7.7% over the past year.

Price Volatility

Is 603348's price volatile compared to industry and market?
603348 volatility
603348 Average Weekly Movement9.9%
Auto Components Industry Average Movement7.7%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 603348 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 603348's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
19985,318- Jasonhttps://www.wencan.com

Wencan Group Co.,Ltd. researches, develops, manufactures, and sells automobile aluminum alloy precision die castings worldwide. The company’s products have applications in engine systems, transmission systems, chassis systems, braking systems, body structure fields, and other auto parts in traditional fuel vehicles and new energy vehicles.

Wencan GroupLtd Fundamentals Summary

How do Wencan GroupLtd's earnings and revenue compare to its market cap?
603348 fundamental statistics
Market CapCN¥23.65b
Earnings (TTM)CN¥160.06m
Revenue (TTM)CN¥4.52b

147.8x

P/E Ratio

5.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
603348 income statement (TTM)
RevenueCN¥4.52b
Cost of RevenueCN¥3.79b
Gross ProfitCN¥732.70m
Other ExpensesCN¥572.64m
EarningsCN¥160.06m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.61
Gross Margin16.20%
Net Profit Margin3.54%
Debt/Equity Ratio69.2%

How did 603348 perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

24%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 603348 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603348?

Other financial metrics that can be useful for relative valuation.

603348 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.6x
Enterprise Value/EBITDA42.2x
PEG Ratio2.9x

Price to Earnings Ratio vs Peers

How does 603348's PE Ratio compare to its peers?

603348 PE Ratio vs Peers
The above table shows the PE ratio for 603348 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.4x
603305 Ningbo Xusheng Auto Technology
65.9x24.0%CN¥29.2b
300432 Mianyang Fulin PrecisionLtd
47.9xn/aCN¥24.4b
002865 Hainan Drinda Automotive Trim
n/a70.6%CN¥25.8b
002472 Zhejiang Shuanghuan Driveline
71.6x35.7%CN¥28.1b
603348 Wencan GroupLtd
147.8x50.1%CN¥23.6b

Price-To-Earnings vs Peers: 603348 is expensive based on its Price-To-Earnings Ratio (147.8x) compared to the peer average (6.4x).


Price to Earnings Ratio vs Industry

How does 603348's PE Ratio compare vs other companies in the CN Auto Components Industry?

Price-To-Earnings vs Industry: 603348 is expensive based on its Price-To-Earnings Ratio (147.8x) compared to the CN Auto Components industry average (54.4x)


Price to Earnings Ratio vs Fair Ratio

What is 603348's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

603348 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio147.8x
Fair PE Ratio46.3x

Price-To-Earnings vs Fair Ratio: 603348 is expensive based on its Price-To-Earnings Ratio (147.8x) compared to the estimated Fair Price-To-Earnings Ratio (46.3x).


Share Price vs Fair Value

What is the Fair Price of 603348 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603348 (CN¥90.21) is trading above our estimate of fair value (CN¥86.79)

Significantly Below Fair Value: 603348 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Wencan GroupLtd forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


50.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603348's forecast earnings growth (50.1% per year) is above the savings rate (3.2%).

Earnings vs Market: 603348's earnings (50.1% per year) are forecast to grow faster than the CN market (24.7% per year).

High Growth Earnings: 603348's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 603348's revenue (24.1% per year) is forecast to grow faster than the CN market (17.8% per year).

High Growth Revenue: 603348's revenue (24.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 603348's Return on Equity is forecast to be high in 3 years time (20.4%)


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Past Performance

How has Wencan GroupLtd performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-8.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 603348 has high quality earnings.

Growing Profit Margin: 603348's current net profit margins (3.5%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: 603348's earnings have declined by 8.8% per year over the past 5 years.

Accelerating Growth: 603348's earnings growth over the past year (30.5%) exceeds its 5-year average (-8.8% per year).

Earnings vs Industry: 603348 earnings growth over the past year (30.5%) exceeded the Auto Components industry -16.7%.


Return on Equity

High ROE: 603348's Return on Equity (5.7%) is considered low.


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Financial Health

How is Wencan GroupLtd's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 603348's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥2.4B).

Long Term Liabilities: 603348's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥1.2B).


Debt to Equity History and Analysis

Debt Level: 603348's net debt to equity ratio (51%) is considered high.

Reducing Debt: 603348's debt to equity ratio has increased from 55.8% to 69.2% over the past 5 years.

Debt Coverage: 603348's debt is well covered by operating cash flow (22.4%).

Interest Coverage: 603348's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


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Dividend

What is Wencan GroupLtd current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.17%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 603348's dividend (0.17%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.44%).

High Dividend: 603348's dividend (0.17%) is low compared to the top 25% of dividend payers in the CN market (1.87%).


Stability and Growth of Payments

Stable Dividend: 603348 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.

Growing Dividend: 603348 is not paying a notable dividend for the CN market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: 603348 is not paying a notable dividend for the CN market.


Cash Payout to Shareholders

Cash Flow Coverage: 603348 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

- Jason

no data

Tenure

Jason serves as the President of Wencan Group Co.,Ltd. (formerly known as Guangdong Wencan Die Casting Co., Ltd.)


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wencan Group Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Wencan Group Co.,Ltd.
  • Ticker: 603348
  • Exchange: SHSE
  • Founded: 1998
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: CN¥23.650b
  • Shares outstanding: 262.16m
  • Website: https://www.wencan.com

Number of Employees


Location

  • Wencan Group Co.,Ltd.
  • Baimeng Bridge
  • Heshunlihe Road
  • Foshan
  • Guangdong Province
  • 528241
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.