002149.SHE Western Metal Materials Co Ltd
- Market cap
- CNY 16.8B
- P/E
- 180.9x
- P/B
- 3.20x
- ROE
- 1.4%
- Dividend yield
- 1.06%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002149.SHE undervalued?
Graham numberThe Graham number of Western Metal Materials Co Ltd cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Western Metal Materials Co Ltd fundamental analysis
No fundamental analysis for Western Metal Materials Co Ltd yet.
Western Metal Materials Co Ltd stock price
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About Western Metal Materials Co Ltd
Western Metal Materials Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of rare metal materials and its alloys in China and internationally. The company offers titanium, zirconium, and its alloy products comprising ingots, slabs, forgings, hot-rolled medium and heavy plates, cold-rolled sheets, strips, and pipes, as well as processed zirconium, nickel, and steel products for use in the aviation, aerospace, marine, weaponr…
Full company profileWestern Metal Materials Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Western Metal Materials Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1.21B | 1.56B | 1.72B | 2.01B | 2.03B | 2.39B | 2.94B | 3.23B | 2.95B | 3.23B | 2.86B |
| Gross Profit | 207M | 296M | 358M | 412M | 410M | 528M | 634M | 682M | 550M | 569M | 495M |
| Operating Income | -44.6M | 110M | 118M | 137M | 151M | 180M | 270M | 305M | 189M | 172M | 99.7M |
| EBITDA | 212M | 264M | 291M | 313M | 336M | 367M | 454M | 511M | 393M | 318M | 94.6M |
| Net Income | 21.2M | 54.1M | 60.3M | 61.5M | 79.4M | 133M | 185M | 196M | 158M | 103M | 73.9M |
| EPS | 0.06 | 0.13 | 0.14 | 0.14 | 0.19 | 0.27 | 0.38 | 0.40 | 0.32 | 0.21 | 0.15 |
| Balance Sheet | |||||||||||
| Total Assets | 3.33B | 3.57B | 3.88B | 4.43B | 5.60B | 5.76B | 6.40B | 6.56B | 6.87B | 7.62B | 10.6B |
| Total Liabilities | 1.40B | 1.53B | 1.77B | 2.30B | 2.66B | 2.75B | 3.20B | 3.11B | 3.34B | 3.74B | 4.90B |
| Shareholders' Equity | 1.70B | 1.78B | 1.80B | 1.80B | 2.58B | 2.63B | 2.79B | 2.92B | 2.97B | 3.30B | 5.12B |
| Cash & Short-term Investments | 420M | 213M | 253M | 350M | 1.11B | 660M | 633M | 722M | 752M | 697M | 495M |
| Total Debt | 688M | 767M | 566M | 915M | 1.35B | 1.36B | 1.45B | 1.63B | 1.13B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | -72.0M | -281M | 114M | 144M | -267M | -4.45M | 23.6M | 237M | 427M | 260M | - |
| Capital Expenditure | 78.0M | 49.0M | 68.4M | 60.1M | 74.3M | 262M | 192M | 100M | 136M | 147M | 141M |
| Free Cash Flow | -150M | -330M | 45.4M | 83.4M | -342M | -267M | -169M | 137M | 291M | 113M | -284M |
| Ratios | |||||||||||
| ROE | 1.2% | 3.0% | 3.4% | 3.4% | 3.1% | 5.1% | 6.6% | 6.7% | 5.3% | 3.1% | 1.4% |
| ROA | 0.6% | 1.5% | 1.6% | 1.4% | 1.4% | 2.3% | 2.9% | 3.0% | 2.3% | 1.4% | 0.7% |
| Net Profit Margin | 1.7% | 3.5% | 3.5% | 3.1% | 3.9% | 5.6% | 6.3% | 6.1% | 5.4% | 3.2% | 2.6% |
| Debt to Equity | 0.40x | 0.43x | 0.32x | 0.51x | 0.52x | 0.52x | 0.52x | 0.56x | 0.38x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Western Metal Materials Co Ltd dividends
- Dividend yield
- 1.06%
- Forward dividend
- 0.15 CNY
- Payout ratio
- 172.4%
- Ex-dividend date
- Oct 19, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 178M | 0.36 | 172.4% |
| 2024 | CNY 158M | 0.32 | 99.9% |
| 2023 | CNY 146M | 0.30 | 74.6% |
| 2022 | CNY 98.9M | 0.20 | 53.4% |
| 2021 | CNY 117M | 0.24 | 87.8% |
| 2020 | CNY 90.7M | 0.21 | 114.2% |
| 2019 | CNY 42.5M | 0.10 | 69.2% |
| 2018 | CNY 92.2M | 0.22 | 152.8% |
| 2017 | CNY 40.4M | 0.09 | 74.7% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 20:10 on Jun 5, 2017.
Who owns Western Metal Materials Co Ltd
- Insiders 31.54%
- Institutions 3.25%
- Public & others 65.22%
- Shares outstanding 488M
- Free float 335M
Western Metal Materials Co Ltd company profile
- Company name
- Western Metal Materials Co Ltd
- Ticker
- 002149.SHE
- ISIN
- CNE100000684
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Aug 13, 2007
- Sector
- Basic Materials
- Industry
- Metals & Mining
- Employees
- 1,958
- Fiscal year end
- December
- Address
- No. 15, West Section of Xijin Road, Xi'an, China, 710201
- Phone
- 86 29 8696 8415
- Website
- c-wmm.com
About Western Metal Materials Co Ltd
Western Metal Materials Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of rare metal materials and its alloys in China and internationally. The company offers titanium, zirconium, and its alloy products comprising ingots, slabs, forgings, hot-rolled medium and heavy plates, cold-rolled sheets, strips, and pipes, as well as processed zirconium, nickel, and steel products for use in the aviation, aerospace, marine, weaponry, energy, and chemical industries; layered metal composite materials consisting of titanium/steel composite plates, zirconium/steel composite plates, tantalum/steel composite plates, nickel/steel composite plates, and composite transition joints for aerospace satellites for use in the power, petrochemical, hydrometallurgy, chlor-alkali, vacuum salt production, coal chemical, aerospace, and marine engineering fields; and metal fiber and products, such as metal fibers, metal fiber felt, multi-layer sintered mesh, powder sintered parts, and various metal filter elements and filter discs. It also provides rare and precious materials, including tantalum, niobium, hafnium, gold, silver, platinum, and palladium; and tungsten and molybdenum materials and products, such as plates, sheets, foils, strips, rods, boats, furnace materials, semiconductor structural components, sputtering targets, and medical equipment parts for use in aerospace, electronics, semiconductors, displays, solar energy, vacuum coating, ion implantation, medical CT and security inspection equipment components, furnace materials, and non-standard industrial furnaces. In addition, the company offers titanium consumer products; and precision-machined parts and components, such as rare metal valves, filters, thrusters, condensers, and gas cylinders, as well as composite joints. Western Metal Materials Co., Ltd. was founded in 2000 and is headquartered in Xi'an, China.
Western Metal Materials Co Ltd management
6- Mr. Yan KangGM & Director · born 1979
- Mr. Yong LiuChief Financial Officer · born 1978
- Mr. Liang GuDeputy GM & Board Secretary · born 1968
- Mr. Zhanghong HuangDeputy General Manager · born 1979
- Mr. Haihong PanDeputy General Manager · born 1980
- Minmin YeAccounting Supervisor