2338 Stock Overview
Weichai Power Co., Ltd. manufactures and sells diesel engines, automobiles, and other automobile components in China and internationally.
Weichai Power Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$12.28|
|52 Week High||HK$20.75|
|52 Week Low||HK$9.74|
|1 Month Change||9.06%|
|3 Month Change||0.66%|
|1 Year Change||-28.44%|
|3 Year Change||-6.97%|
|5 Year Change||79.53%|
|Change since IPO||1,302.39%|
Recent News & Updates
What Is Weichai Power Co., Ltd.'s (HKG:2338) Share Price Doing?
Weichai Power Co., Ltd. ( HKG:2338 ) saw a decent share price growth in the teens level on the SEHK over the last few...
|2338||HK Machinery||HK Market|
Return vs Industry: 2338 underperformed the Hong Kong Machinery industry which returned -26.8% over the past year.
Return vs Market: 2338 underperformed the Hong Kong Market which returned -23.3% over the past year.
|2338 Average Weekly Movement||5.7%|
|Machinery Industry Average Movement||6.8%|
|Market Average Movement||7.0%|
|10% most volatile stocks in HK Market||13.8%|
|10% least volatile stocks in HK Market||3.3%|
Stable Share Price: 2338 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 2338's weekly volatility (6%) has been stable over the past year.
About the Company
Weichai Power Co., Ltd. manufactures and sells diesel engines, automobiles, and other automobile components in China and internationally. It operates through Engines, Automobiles and Automobile Components, and Intelligent Logistics segments. The company provides design, development, production, sale, repair, and import and export of engines and auxiliary products, automobile axles and components, and gearboxes and components; hydraulic pumps and motors; hydraulic valves; gears and gear transmission devices; ancillary casting and casting products of hydraulic components; internal combustion engines, energy powertrain systems and ancillary products; technical consultation and technical services; leasing of self-owned houses; steel; business management services; forklift trucks; and warehousing technology and supply chain solution services.
Weichai Power Fundamentals Summary
|2338 fundamental statistics|
Is 2338 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2338 income statement (TTM)|
|Cost of Revenue||CN¥145.33b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.80|
|Net Profit Margin||3.88%|
How did 2338 perform over the long term?See historical performance and comparison
3.5%Current Dividend Yield
Is 2338 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2338?
Other financial metrics that can be useful for relative valuation.
|What is 2338's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2338's PE Ratio compare to its peers?
|2338 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: 2338 is good value based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (28.4x).
Price to Earnings Ratio vs Industry
How does 2338's PE Ratio compare vs other companies in the Hong Kong Machinery Industry?
Price-To-Earnings vs Industry: 2338 is expensive based on its Price-To-Earnings Ratio (13.1x) compared to the Hong Kong Machinery industry average (10.7x)
Price to Earnings Ratio vs Fair Ratio
What is 2338'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.
|Current PE Ratio||13.1x|
|Fair PE Ratio||10.1x|
Price-To-Earnings vs Fair Ratio: 2338 is expensive based on its Price-To-Earnings Ratio (13.1x) compared to the estimated Fair Price-To-Earnings Ratio (10.1x).
Share Price vs Fair Value
What is the Fair Price of 2338 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2338 (HK$12.28) is trading below our estimate of fair value (HK$43.13)
Significantly Below Fair Value: 2338 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 2338 is poor value based on its PEG Ratio (1.1x)
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How is Weichai Power forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2338's forecast earnings growth (12% per year) is above the savings rate (1.5%).
Earnings vs Market: 2338's earnings (12% per year) are forecast to grow slower than the Hong Kong market (17% per year).
High Growth Earnings: 2338's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2338's revenue (7.1% per year) is forecast to grow slower than the Hong Kong market (10.2% per year).
High Growth Revenue: 2338's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2338's Return on Equity is forecast to be low in 3 years time (12.5%).
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How has Weichai Power performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2338 has high quality earnings.
Growing Profit Margin: 2338's current net profit margins (3.9%) are lower than last year (4.7%).
Past Earnings Growth Analysis
Earnings Trend: 2338's earnings have grown by 10.9% per year over the past 5 years.
Accelerating Growth: 2338's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2338 had negative earnings growth (-33.8%) over the past year, making it difficult to compare to the Machinery industry average (35.6%).
Return on Equity
High ROE: 2338's Return on Equity (8%) is considered low.
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How is Weichai Power's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2338's short term assets (CN¥161.8B) exceed its short term liabilities (CN¥115.5B).
Long Term Liabilities: 2338's short term assets (CN¥161.8B) exceed its long term liabilities (CN¥56.6B).
Debt to Equity History and Analysis
Debt Level: 2338 has more cash than its total debt.
Reducing Debt: 2338's debt to equity ratio has reduced from 83.8% to 27.6% over the past 5 years.
Debt Coverage: 2338's debt is well covered by operating cash flow (42.7%).
Interest Coverage: 2338 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Weichai Power current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2338's dividend (3.54%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.74%).
High Dividend: 2338's dividend (3.54%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).
Stability and Growth of Payments
Stable Dividend: 2338's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2338's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.7%), 2338's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (53.9%), 2338's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Xuguang Tan (60 yo)
Mr. Xuguang Tan serves as the President of Ferretti, S.p.A. Mr. Tan serves as the Chairman of Management Board at Weichai Group. Mr. Tan serves as the Chairman and Chief Executive Officer of Weichai Power...
Experienced Management: 2338's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: 2338's board of directors are considered experienced (7.5 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Weichai Power Co., Ltd.'s employee growth, exchange listings and data sources
- Name: Weichai Power Co., Ltd.
- Ticker: 2338
- Exchange: SEHK
- Founded: 2002
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Implied Market Cap: HK$123.691b
- Shares outstanding: 8.70b
- Website: https://www.weichaipower.com
Number of Employees
- Weichai Power Co., Ltd.
- 197, Section A, Fu Shou East Street
- Section A
- Shandong Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/25 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.