Wetouch Technology Inc. (WETH)
NASDAQ: WETH · IEX Real-Time Price · USD
2.030
0.00 (0.00%)
At close: Apr 19, 2024, 4:00 PM
2.020
-0.010 (-0.49%)
After-hours: Apr 19, 2024, 7:54 PM EDT

Wetouch Technology Statistics

Total Valuation

WETH has a market cap or net worth of $303.51 million. The enterprise value is $207.18 million.

Market Cap 303.51M
Enterprise Value 207.18M

Important Dates

Earnings Date n/a
Ex-Dividend Date n/a

Share Statistics

WETH has 149.51 million shares outstanding. The number of shares has increased by 408.48% in one year.

Shares Outstanding 149.51M
Shares Change (YoY) +408.48%
Shares Change (QoQ) +0.33%
Owned by Insiders (%) 0.35%
Owned by Institutions (%) n/a
Float n/a

Valuation Ratios

The trailing PE ratio is 2.28.

PE Ratio 2.28
Forward PE n/a
PS Ratio 7.64
Forward PS n/a
PB Ratio 2.69
P/FCF Ratio 29.01
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 16.43, with an EV/FCF ratio of 19.81.

EV / Earnings 25.07
EV / Sales 5.22
EV / EBITDA 16.43
EV / EBIT 16.44
EV / FCF 19.81

Financial Position

The company has a current ratio of 16.84, with a Debt / Equity ratio of 0.02.

Current Ratio 16.84
Quick Ratio 16.63
Debt / Equity 0.02
Debt / EBITDA 0.14
Debt / FCF 0.16
Interest Coverage 49.93

Financial Efficiency

Return on equity (ROE) is 7.40% and return on invested capital (ROIC) is 7.39%.

Return on Equity (ROE) 7.40%
Return on Assets (ROA) 7.00%
Return on Capital (ROIC) 7.39%
Revenue Per Employee $305,430
Profits Per Employee $63,572
Employee Count 130
Asset Turnover 0.33
Inventory Turnover 69.77

Taxes

In the past 12 months, WETH has paid $4.08 million in taxes.

Income Tax 4.08M
Effective Tax Rate 33.07%

Stock Price Statistics

The stock price has increased by +763.83% in the last 52 weeks. The beta is -0.14, so WETH's price volatility has been lower than the market average.

Beta (1Y) -0.14
52-Week Price Change +763.83%
50-Day Moving Average 3.90
200-Day Moving Average 5.12
Relative Strength Index (RSI) 32.89
Average Volume (30 Days) 250,551

Short Selling Information

The latest short interest is 43,486, so 0.03% of the outstanding shares have been sold short.

Short Interest 43,486
Short Previous Month 41,343
Short % of Shares Out 0.03%
Short % of Float n/a
Short Ratio (days to cover) 0.15

Income Statement

In the last 12 months, WETH had revenue of $39.71 million and earned $8.26 million in profits. Earnings per share was $0.89.

Revenue 39.71M
Gross Profit 17.19M
Operating Income 12.65M
Pretax Income 12.35M
Net Income 8.26M
EBITDA 12.61M
EBIT 12.60M
Earnings Per Share (EPS) $0.89
Full Income Statement

Balance Sheet

The company has $98.04 million in cash and $1.71 million in debt, giving a net cash position of $96.33 million or $0.64 per share.

Cash & Cash Equivalents 98.04M
Total Debt 1.71M
Net Cash 96.33M
Net Cash Per Share $0.64
Equity / Book Value 112.92M
Book Value Per Share 0.76
Working Capital 100.44M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $12.72 million and capital expenditures -$2.26 million, giving a free cash flow of $10.46 million.

Operating Cash Flow 12.72M
Capital Expenditures -2.26M
Free Cash Flow 10.46M
FCF Per Share $1.13
Full Cash Flow Statement

Margins

Gross margin is 43.30%, with operating and profit margins of 31.86% and 20.81%.

Gross Margin 43.30%
Operating Margin 31.86%
Pretax Margin 31.10%
Profit Margin 20.81%
EBITDA Margin 31.76%
EBIT Margin 31.73%
FCF Margin 26.35%

Dividends & Yields

WETH does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -408.48%
Shareholder Yield -408.48%
Earnings Yield 2.72%
FCF Yield 3.45%

Analyst Forecast

Price Target n/a
Price Target Difference n/a
Analyst Consensus n/a
Analyst Count n/a
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a

Stock Splits

The last stock split was on September 12, 2023. It was a reverse split with a ratio of 1:20.

Last Split Date Sep 12, 2023
Split Type Reverse
Split Ratio 1:20

Scores

WETH has an Altman Z-Score of 29.6 and a Piotroski F-Score of 6.

Altman Z-Score 29.6
Piotroski F-Score 6