1. People's Republic of China Stocks

  2. •

    Technology

  3. •

    Consumer Electronics
Wetouch Technology Inc.

Wetouch Technology Inc.

WETH
Wetouch Technology Inc.US flagNASDAQ Capital Market
1.43
USD
+0.05
- -
17.06MMarket Cap

Total Valuation

Wetouch Technology Inc. carries a market capitalization of 17.06M, placing it among publicly traded companies globally. Its enterprise value stands at -104.76M, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap17.06M
Enterprise Value-104.76M

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 2.47. The price-to-sales ratio is 0.46, and the price-to-book ratio stands at 0.18.

PE Ratio2.47
PS Ratio0.46
PB Ratio0.18
P/TBV Ratio0.11
P/FCF Ratio4.33
P/OCF Ratio4.76

Financial Position

Wetouch Technology Inc. maintains a current ratio of 32.24, meaning it holds 32.2x the short-term assets needed to cover near-term liabilities.

Current Ratio32.24
Quick Ratio31.98
Debt / Equity0.26
Debt / EBITDA0.04
Interest CoverageN/A

Financial Efficiency

Wetouch Technology Inc. posts a return on equity of 14.53 and a return on invested capital of 8.43.

Return on Equity (ROE)14.53
Return on Assets (ROA)8.45
Return on Invested Capital (ROIC)8.43
Return on Capital Employed (ROCE)14.46
Revenue Per EmployeeN/A
Employee CountN/A
Inventory Turnover1,603.53

Taxes

Over the trailing twelve months, Wetouch Technology Inc. has paid 1.89M in income taxes, reflecting an effective tax rate of 23.33.

Income Tax1.89M
Effective Tax Rate23.33

Stock Price Statistics

Wetouch Technology Inc.'s stock has gained approximately 46.66667% over the past 52 weeks. The 50-day moving average sits at 1.58, while the 200-day moving average is 1.64.

Beta (5Y)N/A
52-Week Price Change46.66667%
50-Day Moving Average1.58
200-Day Moving Average1.64
Average Volume (20 Days)N/A

Income Statement

Over the trailing twelve months, Wetouch Technology Inc. generated 33.74M in revenue and converted that into 6.22M in net income, yielding earnings per share of 0.52. EBITDA reached 8.47M, while operating income came in at 8.00M.

Revenue33.74M
Gross Profit10.44M
Operating Income8.00M
Pretax Income8.12M
Net Income6.22M
EBITDA8.47M
EBIT8.00M
Earnings Per Share (EPS)0.52

Balance Sheet

Wetouch Technology Inc. holds 120.52M in cash and equivalents against 370,689.00 in total debt, resulting in a net debt position of -120.52M. Total book value stands at 85.67M, with working capital of 128.61M providing operational flexibility.

Cash & Cash Equivalents120.52M
Total Debt370,689.00
Net Debt-120.52M
Equity (Book Value)85.67M
Book Value Per Share7.18
Working Capital128.61M

Cash Flow

Wetouch Technology Inc. produced 3.23M in operating cash flow over the past twelve months. After subtracting -322,304.00 in capital expenditures, free cash flow totaled 2.91M - equivalent to 0.24 per share.

Operating Cash Flow3.23M
Capital Expenditures-322,304.00
Free Cash Flow2.91M
FCF Per Share0.24

Margins

Wetouch Technology Inc. operates with a gross margin of 30.94, reflecting its pricing power and cost economics. The operating margin of 23.70 and net profit margin of 18.44 provide insight into operational efficiency.

Gross Margin30.94
Operating Margin23.70
Pretax Margin24.05
Profit Margin18.44
EBITDA Margin25.12

Dividends & Yields

Dividend Per ShareN/A
Dividend YieldN/A
Payout RatioN/A
Shareholder YieldN/A
FCF Yield23.11

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 4.52, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score4.52