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Wetouch Technology Inc.

Wetouch Technology Inc.

WETH
Wetouch Technology Inc.US flagNASDAQ Capital Market
1.26
USD
+0.06
- -
15.03MMarket Cap

Total Valuation

Wetouch Technology Inc. carries a market capitalization of 15.03M, placing it among publicly traded companies globally. Its enterprise value stands at -112.86M, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap15.03M
Enterprise Value-112.86M

Share Statistics

Wetouch Technology Inc. currently has 11.93M shares outstanding.

Shares Outstanding11.93M
Owned by Insiders (%)N/A
Owned by Institutions (%)N/A

Valuation Ratios

Wetouch Technology Inc. trades at a trailing price-to-earnings ratio of 1.74. The price-to-sales ratio is 0.31, and the price-to-book ratio stands at 0.10.

PE Ratio1.74
PS Ratio0.31
PB Ratio0.10
P/TBV Ratio0.10
P/FCF Ratio1.71
P/OCF Ratio1.78

Financial Position

Wetouch Technology Inc. maintains a current ratio of 35.99, meaning it holds 36.0x the short-term assets needed to cover near-term liabilities.

Current Ratio35.99
Quick Ratio35.72
Debt / Equity0.15
Debt / EBITDA0.02
Interest CoverageN/A

Financial Efficiency

Wetouch Technology Inc. posts a return on equity of 11.28 and a return on invested capital of 10.98.

Return on Equity (ROE)11.28
Return on Assets (ROA)10.99
Return on Invested Capital (ROIC)10.98
Return on Capital Employed (ROCE)11.26
Revenue Per EmployeeN/A
Employee CountN/A
Inventory Turnover7,058.65

Taxes

Over the trailing twelve months, Wetouch Technology Inc. has paid 2.92M in income taxes, reflecting an effective tax rate of 25.81.

Income Tax2.92M
Effective Tax Rate25.81

Stock Price Statistics

Wetouch Technology Inc.'s stock has gained approximately 13.51351% over the past 52 weeks. The 50-day moving average sits at 1.21, while the 200-day moving average is 1.52.

Beta (5Y)N/A
52-Week Price Change13.51351%
50-Day Moving Average1.21
200-Day Moving Average1.52
Average Volume (20 Days)N/A

Income Statement

Over the trailing twelve months, Wetouch Technology Inc. generated 47.74M in revenue and converted that into 8.39M in net income, yielding earnings per share of 0.70. EBITDA reached 11.82M, while operating income came in at 11.16M.

Revenue47.74M
Gross Profit15.32M
Operating Income11.16M
Pretax Income11.31M
Net Income8.39M
EBITDA11.82M
EBIT11.16M
Earnings Per Share (EPS)0.70

Balance Sheet

Wetouch Technology Inc. holds 127.52M in cash and equivalents against 215,718.00 in total debt, resulting in a net debt position of -127.52M. Total book value stands at 148.76M, with working capital of 134.12M providing operational flexibility.

Cash & Cash Equivalents127.52M
Total Debt215,718.00
Net Debt-127.52M
Equity (Book Value)148.76M
Book Value Per Share12.47
Working Capital134.12M

Cash Flow

Wetouch Technology Inc. produced 8.18M in operating cash flow over the past twelve months. After subtracting -322,304.00 in capital expenditures, free cash flow totaled 7.86M - equivalent to 0.65 per share.

Operating Cash Flow8.18M
Capital Expenditures-322,304.00
Free Cash Flow7.86M
FCF Per Share0.65

Margins

Wetouch Technology Inc. operates with a gross margin of 32.10, reflecting its pricing power and cost economics. The operating margin of 23.38 and net profit margin of 17.57 provide insight into operational efficiency.

Gross Margin32.10
Operating Margin23.38
Pretax Margin23.68
Profit Margin17.57
EBITDA Margin24.75

Dividends & Yields

Dividend Per ShareN/A
Dividend YieldN/A
Payout RatioN/A
Shareholder YieldN/A
FCF Yield58.37

Stock Splits

Wetouch Technology Inc.'s most recent stock split took place on September 12, 2023 with a 20:1 split ratio.

Last Split Date9/12/2023
Split Ratio20:1

Scores

Wetouch Technology Inc. posts an Altman Z-Score of 4.68, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score4.68