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Zhejiang Wanma Co Ltd
SZSE:002276

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Zhejiang Wanma Co Ltd
SZSE:002276
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Price: 13.93 CNY -5.37% Market Closed
Market Cap: ¥14.1B

EV/EBITDA

20
Current
17%
Cheaper
vs 3-y average of 24.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
20
=
Enterprise Value
¥13.9B
/
EBITDA
¥666.3m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
20
=
Enterprise Value
¥13.9B
/
EBITDA
¥666.3m

Valuation Scenarios

Zhejiang Wanma Co Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (24.1), the stock would be worth ¥16.81 (21% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+149%
Average Upside
59%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 20 ¥13.93
0%
3-Year Average 24.1 ¥16.81
+21%
5-Year Average 24.5 ¥17.09
+23%
Industry Average 49.8 ¥34.68
+149%
Country Average 28.8 ¥20.07
+44%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
¥13.9B
/
Oct 2025
¥666.3m
=
20
Current
¥13.9B
/
Dec 2025
¥1.4B
=
10
Forward
¥13.9B
/
Dec 2026
¥1.6B
=
8.6
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CN
Zhejiang Wanma Co Ltd
SZSE:002276
14.1B CNY 20 28.4
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
2T CNY 22 26.4
FR
Schneider Electric SE
PAR:SU
155.2B EUR 19.3 37.3
CH
Abb Ltd
SIX:ABBN
142B CHF 27 38.4
IE
Eaton Corporation PLC
NYSE:ETN
164.4B USD 27.9 40.2
US
Vertiv Holdings Co
NYSE:VRT
124.2B USD 52.2 79.7
US
Emerson Electric Co
NYSE:EMR
79.4B USD 16.4 34.4
KR
LG Energy Solution Ltd
KRX:373220
112.6T KRW 25.3 -104.9
JP
Fujikura Ltd
TSE:5803
10T JPY 50.8 69.4
US
AMETEK Inc
NYSE:AME
53.4B USD 22.9 36
FR
Legrand SA
PAR:LR
39.9B EUR 19.7 32.1

Market Distribution

In line with most companies in China
Percentile
37th
Based on 5 409 companies
37th percentile
20
Low
0 — 16.3
Typical Range
16.3 — 53.1
High
53.1 —
Distribution Statistics
China
Min 0
30th Percentile 16.3
Median 28.8
70th Percentile 53.1
Max 49 021

Zhejiang Wanma Co Ltd
Glance View

Market Cap
14.1B CNY
Industry
Electrical Equipment

Founded in the industrial heartland of eastern China, Zhejiang Wanma Co., Ltd. has woven itself into the fabric of modern connectivity and energy efficiency, building its reputation as a stalwart in the cable manufacturing industry. Originating from small beginnings, the company has grown to become a key player in producing and distributing a wide range of specialized cables that power communications, electrical transmission, and infrastructure projects. From its state-of-the-art facilities, Wanma churns out a diverse array of products, including electrical cables, optical fibers, and even specialized materials for electric vehicle charging stations—products that serve as the veins and arteries of a rapidly urbanizing world. Anchoring its operations is a commitment to technological innovation and quality, ensuring its products meet the demanding standards of both domestic and international markets. The heartbeat of Zhejiang Wanma’s business model lies in its strategic alignment with the burgeoning demand for smart energy solutions and telecom networking. The company earns its revenue by tapping into China's national push for robust infrastructure and sustainable energy grids, driven by increased urbanization and digital transformation. The traditional cable business continues to be the company's cash cow, but its forays into emerging industries such as electric vehicles signal a deliberate shift towards the future. By leveraging its deep manufacturing expertise, investment in R&D, and a keen eye on evolving market trends, Zhejiang Wanma ensures it stays ahead in a competitive landscape. This dual strategy of consolidating its foundational business while expanding into burgeoning sectors positions the company as not just a player, but a significant contributor to the global network of connectivity and energy efficiency.

Intrinsic Value
18.84 CNY
Undervaluation 26%
Intrinsic Value
Price ¥13.93
Z
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