WuXi Biologics (Cayman) Inc 02269

Morningstar Rating
HK$18.74 −1.41 (7.00%)
View Full Chart

Company Report

Wuxi Biologics Is a Global CRDMO With Near-Term Geopolitical Risks

WuXi Biologics differentiates itself from other well-established global contract development and manufacturing organizations, with its "follow-and-win the molecule" and "global dual-sourcing" strategies. Simply put, it provides end-to-end services for biological drugs from drug discovery all the way to clinical and commercial manufacturing. As such, WuXi has one of the largest bioreactor capacities for biological drug products. As a result, WuXi has been growing at a compound annual growth rate of 53.3% for the past eight years, much faster than that of global pharmaceutical sales or global CDMOs.

Price vs Fair Value

02269 is trading at a 29% premium.
Price
HK$20.15
Fair Value
HK$35.90
Uncertainty
Very High
1-Star Price
HK$57.74
5-Star Price
HK$36.79
Economic Moat
Xxwwkg
Capital Allocation
Rffnvmz

Bulls Say, Bears Say

Bulls

WuXi’s revenue per project sees stronger upside, lifting the group's top line.

Bears

The Biosecure Act may become law, which puts nearly 50% of its revenue at risk.

News

Trading Information

Previous Close Price
HK$20.15
Day Range
HK$17.5620.30
52-Week Range
HK$10.1452.45
Bid/Ask
HK$18.74 / HK$18.76
Market Cap
HK$77.00 Bil
Volume/Avg
108.8 Mil / 62.9 Mil

Key Statistics

Price/Earnings (Normalized)
25.99
Price/Sales
4.66
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
2.82%

Company Profile

WuXi Biologics is one of the largest global biologics CRDMOs. WuXi Biologics, incorporated in 2014 following the reorganization of WuXi PharmaTech, later known as WuXi AppTec, now has global revenue of CNY 17 billion. North America represented 47.4% of total revenue in 2023. It adopts the follow and win the molecule strategy by providing end-to-end services, from drug discovery to commercial manufacturing. It also adopts a global dual-sourcing strategy by providing drug products and large-scale drug substance manufacturing.
Sector
Healthcare
Industry
Biotechnology
Stock Style Box
Large Core
Total Number of Employees
12,435

Competitors

Valuation

Metric
02269
01801
01177
Price/Earnings (Normalized)
25.9925.11
Price/Book Value
2.056.462.05
Price/Sales
4.669.222.53
Price/Cash Flow
26.485,684.1910.47
Price/Earnings
02269
01801
01177

Financial Strength

Metric
02269
01801
01177
Quick Ratio
2.402.461.07
Current Ratio
2.912.681.15
Interest Coverage
23.45−19.0812.68
Quick Ratio
02269
01801
01177

Profitability

Metric
02269
01801
01177
Return on Assets (Normalized)
7.48%−2.47%4.25%
Return on Equity (Normalized)
11.09%−4.60%8.93%
Return on Invested Capital (Normalized)
8.36%−5.53%5.91%
Return on Assets
02269
01801
01177

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