Symbols / WETH $1.35 -2.88% Wetouch Technology Inc.

Technology • Electronic Components • China • NCM
WETH Chart
About

Wetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large-sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI. Wetouch Technology Inc. was founded in 2011 and is headquartered in Meishan, China.

Fundamentals
Scroll to Statements
Sector Technology Industry Electronic Components Market Cap 16.11M
Enterprise Value -95.94M Income 7.44M Sales 43.52M
Book/sh 11.33 Cash/sh 9.49 Dividend Yield —
Payout 0.00% Employees 131 IPO —
P/E 2.18 Forward P/E — PEG —
P/S 0.37 P/B 0.12 P/C —
EV/EBITDA -9.59 EV/Sales -2.21 Quick Ratio 26.45
Current Ratio 26.69 Debt/Eq 0.49 LT Debt/Eq —
EPS (ttm) 0.62 EPS next Y — EPS Growth -4.50%
Revenue Growth 5.60% Earnings — ROA 4.57%
ROE 5.62% ROIC — Gross Margin 33.79%
Oper. Margin 25.67% Profit Margin 17.10% Shs Outstand 11.93M
Shs Float 11.92M Short Float 0.72% Short Ratio 1.80
Short Interest — 52W High 3.68 52W Low 0.76
Beta 0.47 Avg Volume 42.45K Volume 15.90K
Target Price — Recom None Prev Close $1.39
Price $1.35 Change -2.88%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$1.35
Latest analyst target
3. DCF / Fair value
$12.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.35
Low
—
High
—
Mean
—
News
RSS: Latest WETH news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
42.28
+6.48%
39.71
+4.70%
37.92
-7.02%
40.79
Operating Revenue
42.28
+6.48%
39.71
+4.70%
37.92
-7.02%
40.79
Cost Of Revenue
28.67
+27.35%
22.52
-5.69%
23.87
+6.79%
22.35
Reconciled Cost Of Revenue
28.67
+27.35%
22.52
-5.69%
23.87
+6.79%
22.35
Gross Profit
13.61
-20.85%
17.19
+22.35%
14.05
-23.77%
18.43
Operating Expense
4.29
-5.53%
4.54
+72.26%
2.64
-48.43%
5.11
Research And Development
0.00
-100.00%
0.08
-0.82%
0.09
-4.72%
0.09
Selling General And Administration
4.29
-3.74%
4.46
+74.70%
2.55
-55.39%
5.72
Selling And Marketing Expense
0.75
+23.71%
0.61
-52.77%
1.29
+104.36%
0.63
General And Administrative Expense
3.54
-8.08%
3.85
+204.84%
1.26
-75.19%
5.09
Salaries And Wages
—
—
0.00
-100.00%
3.15
Other Gand A
3.54
-8.08%
3.85
+204.84%
1.26
-34.86%
1.94
Other Operating Expenses
—
—
—
-0.70
Total Expenses
32.96
+21.83%
27.06
+2.06%
26.51
-3.49%
27.47
Operating Income
9.32
-26.35%
12.65
+10.82%
11.41
-14.30%
13.32
Total Operating Income As Reported
9.32
-26.35%
12.65
+10.82%
11.41
-9.58%
12.62
EBITDA
9.97
-20.95%
12.61
+2.36%
12.32
-44.52%
22.20
Normalized EBITDA
9.59
-24.68%
12.73
+11.22%
11.45
-17.03%
13.80
Reconciled Depreciation
0.11
+1050.61%
0.01
-4.93%
0.01
-97.41%
0.38
EBIT
9.86
-21.75%
12.60
+2.37%
12.31
-43.60%
21.82
Total Unusual Items
0.38
+411.64%
-0.12
-113.93%
0.87
-89.63%
8.41
Total Unusual Items Excluding Goodwill
0.38
+411.64%
-0.12
-113.93%
0.87
-89.63%
8.41
Special Income Charges
—
—
0.00
-100.00%
7.65
Net Income
6.03
-27.02%
8.26
-5.34%
8.73
-49.78%
17.39
Pretax Income
8.69
-29.63%
12.35
+2.18%
12.08
-44.56%
21.80
Net Non Operating Interest Income Expense
-1.02
-656.01%
-0.13
-26.78%
-0.11
-255.94%
0.07
Interest Expense Non Operating
1.17
+363.68%
0.25
+12.20%
0.22
+719.25%
0.03
Net Interest Income
-1.02
-656.01%
-0.13
-26.78%
-0.11
-255.94%
0.07
Interest Expense
1.17
+363.68%
0.25
+12.20%
0.22
+719.25%
0.03
Interest Income Non Operating
0.15
+29.41%
0.12
-0.84%
0.12
+24.26%
0.10
Interest Income
0.15
+29.41%
0.12
-0.84%
0.12
+24.26%
0.10
Other Income Expense
0.39
+330.58%
-0.17
-121.78%
0.77
-90.79%
8.41
Other Non Operating Income Expenses
0.01
+122.63%
-0.05
+51.17%
-0.10
—
Gain On Sale Of Security
0.38
+411.64%
-0.12
-113.93%
0.87
+14.77%
0.76
Tax Provision
2.66
-34.90%
4.08
+21.77%
3.35
-23.97%
4.41
Tax Rate For Calcs
0.00
-7.59%
0.00
+19.49%
0.00
+37.13%
0.00
Tax Effect Of Unusual Items
0.12
+387.98%
-0.04
-116.64%
0.24
-85.78%
1.70
Net Income Including Noncontrolling Interests
6.03
-27.02%
8.26
-5.34%
8.73
-49.78%
17.39
Net Income From Continuing Operation Net Minority Interest
6.03
-27.02%
8.26
-5.34%
8.73
-49.78%
17.39
Net Income From Continuing And Discontinued Operation
6.03
-27.02%
8.26
-5.34%
8.73
-49.78%
17.39
Net Income Continuous Operations
6.03
-27.02%
8.26
-5.34%
8.73
-49.78%
17.39
Normalized Income
5.77
-30.88%
8.35
+3.03%
8.10
-24.13%
10.68
Net Income Common Stockholders
6.03
-27.02%
8.26
-5.34%
8.73
-49.78%
17.39
Diluted EPS
—
0.89
-81.18%
4.73
-57.00%
11.00
Basic EPS
—
0.89
-83.46%
5.38
-51.09%
11.00
Basic Average Shares
—
9.29
+473.02%
1.62
+1.88%
1.59
Diluted Average Shares
—
9.38
+408.48%
1.84
+12.93%
1.63
Diluted NI Availto Com Stockholders
6.03
-27.02%
8.26
-5.34%
8.73
-49.78%
17.39
Gain On Sale Of PPE
—
—
0.00
-100.00%
7.65
Line Item Trend 2022-12-31 2021-12-31
Total Assets
73.11
+6.45%
68.68
Current Assets
62.18
+9.39%
56.85
Cash Cash Equivalents And Short Term Investments
51.25
+11.02%
46.16
Cash And Cash Equivalents
51.25
+11.02%
46.16
Cash Financial
51.25
+11.02%
46.16
Receivables
9.47
+13.30%
8.36
Accounts Receivable
9.06
+13.35%
7.99
Gross Accounts Receivable
9.06
+13.35%
7.99
Allowance For Doubtful Accounts Receivable
0.00
0.00
Other Receivables
0.05
-6.00%
0.06
Taxes Receivable
0.36
+15.58%
0.31
Inventory
0.42
+73.20%
0.24
Prepaid Assets
0.96
+4.08%
0.92
Current Deferred Assets
0.00
-100.00%
1.00
Other Current Assets
0.08
-48.67%
0.16
Total Non Current Assets
10.92
-7.69%
11.83
Net PPE
10.92
-7.69%
11.83
Gross PPE
10.94
-7.61%
11.84
Accumulated Depreciation
-0.01
-181.04%
-0.01
Properties
0.00
0.00
Buildings And Improvements
0.01
-7.60%
0.01
Machinery Furniture Equipment
0.04
-7.61%
0.05
Construction In Progress
10.88
-7.61%
11.78
Other Properties
—
—
Goodwill And Other Intangible Assets
—
0.00
Non Current Deferred Assets
—
—
Non Current Deferred Taxes Assets
—
—
Total Liabilities Net Minority Interest
4.27
-2.26%
4.37
Current Liabilities
4.01
+23.84%
3.24
Payables And Accrued Expenses
1.81
+77.29%
1.02
Payables
1.60
+77.45%
0.90
Accounts Payable
1.38
+72.76%
0.80
Other Payable
0.19
—
Current Accrued Expenses
0.21
+76.04%
0.12
Pensionand Other Post Retirement Benefit Plans Current
0.09
-10.05%
0.10
Total Tax Payable
0.02
-65.76%
0.07
Income Tax Payable
0.02
-66.16%
0.07
Current Debt And Capital Lease Obligation
1.66
-18.10%
2.03
Current Debt
1.66
-18.10%
2.03
Other Current Borrowings
1.66
-18.10%
2.03
Current Capital Lease Obligation
—
—
Current Deferred Liabilities
0.40
+573.12%
0.06
Current Deferred Revenue
0.40
+573.12%
0.06
Other Current Liabilities
0.14
+9.64%
0.13
Total Non Current Liabilities Net Minority Interest
0.26
-77.23%
1.13
Long Term Debt And Capital Lease Obligation
—
—
Long Term Capital Lease Obligation
—
—
Non Current Deferred Liabilities
—
0.00
Non Current Deferred Revenue
—
0.00
Stockholders Equity
68.83
+7.04%
64.31
Common Stock Equity
68.83
+7.04%
64.31
Capital Stock
0.00
-94.72%
0.03
Common Stock
0.00
-94.72%
0.03
Share Issued
1.68
+5.64%
1.59
Ordinary Shares Number
1.68
+5.64%
1.59
Treasury Shares Number
0.00
0.00
Additional Paid In Capital
3.40
+45.79%
2.33
Retained Earnings
62.37
+14.20%
54.61
Gains Losses Not Affecting Retained Earnings
3.06
-58.22%
7.33
Other Equity Adjustments
3.06
-58.22%
7.33
Total Equity Gross Minority Interest
68.83
+7.04%
64.31
Total Capitalization
68.83
+7.04%
64.31
Working Capital
58.17
+8.51%
53.60
Invested Capital
70.50
+6.27%
66.34
Total Debt
1.66
-18.10%
2.03
Capital Lease Obligations
—
—
Net Tangible Assets
68.83
+7.04%
64.31
Tangible Book Value
68.83
+7.04%
64.31
Derivative Product Liabilities
0.26
-77.23%
1.13
Duefrom Related Parties Current
—
0.00
Dueto Related Parties Current
0.00
-95.20%
0.03
Interest Payable
0.12
+487.33%
0.02
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
1.07
-91.60%
12.72
+48.20%
8.59
-38.89%
14.05
Cash Flow From Continuing Operating Activities
1.07
-91.60%
12.72
+48.20%
8.59
-38.89%
14.05
Net Income From Continuing Operations
6.03
-27.02%
8.26
-5.34%
8.73
-49.78%
17.39
Depreciation Amortization Depletion
0.11
+1050.61%
0.01
-4.93%
0.01
-97.41%
0.38
Depreciation
0.11
+1050.61%
0.01
—
—
Depreciation And Amortization
0.11
+1050.61%
0.01
-4.93%
0.01
-97.41%
0.38
Other Non Cash Items
0.01
-83.02%
0.03
-77.32%
0.15
+1635.50%
0.01
Stock Based Compensation
—
—
0.00
-100.00%
3.15
Provisionand Write Offof Assets
0.10
0.00
—
—
Asset Impairment Charge
—
0.00
-100.00%
0.07
+196.87%
-0.08
Deferred Tax
—
—
0.00
-100.00%
0.36
Deferred Income Tax
—
—
0.00
-100.00%
0.36
Operating Gains Losses
-0.38
-411.64%
0.12
+115.67%
-0.77
+90.79%
-8.41
Gain Loss On Investment Securities
-0.38
-411.64%
0.12
+115.67%
-0.77
-2.01%
-0.76
Change In Working Capital
-4.80
-211.68%
4.30
+978.78%
0.40
-68.27%
1.25
Change In Receivables
-0.39
-127.36%
1.43
+195.61%
-1.50
-129.48%
5.08
Changes In Account Receivables
-0.26
-119.05%
1.35
+190.00%
-1.50
-129.98%
4.99
Change In Inventory
0.05
-73.16%
0.19
+194.98%
-0.20
-203.66%
0.19
Change In Prepaid Assets
-1.77
-631.35%
0.33
-60.93%
0.85
+137.79%
-2.26
Change In Payables And Accrued Expense
-2.54
-208.57%
2.34
+89.05%
1.24
+220.71%
-1.03
Change In Accrued Expense
-3.34
-208.86%
3.07
+364.47%
0.66
+382.71%
-0.23
Change In Payable
0.80
+209.78%
-0.73
-225.89%
0.58
+172.92%
-0.79
Change In Account Payable
0.65
+192.23%
-0.70
-210.56%
0.64
+481.24%
-0.17
Change In Other Working Capital
-0.04
—
—
-0.73
Change In Other Current Liabilities
-0.10
0.00
—
—
Investing Cash Flow
-0.27
+87.99%
-2.26
0.00
-100.00%
6.16
Cash Flow From Continuing Investing Activities
-0.27
+87.99%
-2.26
0.00
-100.00%
6.16
Net PPE Purchase And Sale
-0.27
+87.99%
-2.26
0.00
+100.00%
-11.70
Purchase Of PPE
-0.27
+87.99%
-2.26
0.00
+100.00%
-11.70
Capital Expenditure
-0.27
+87.99%
-2.26
—
-11.70
Net Other Investing Changes
—
—
—
17.86
Financing Cash Flow
7.59
-81.00%
39.95
+6220.57%
-0.65
-135.03%
1.86
Cash Flow From Continuing Financing Activities
7.59
-81.00%
39.95
+6220.57%
-0.65
-135.03%
1.86
Net Issuance Payments Of Debt
-1.40
-2446.82%
-0.06
+94.70%
-1.04
-151.28%
2.02
Issuance Of Debt
—
—
0.00
-100.00%
2.02
Repayment Of Debt
-1.40
-2446.82%
-0.06
+94.70%
-1.04
0.00
Short Term Debt Issuance
—
—
0.00
-100.00%
2.02
Short Term Debt Payments
-1.40
-2446.82%
-0.06
+94.70%
-1.04
0.00
Net Short Term Debt Issuance
-1.40
-2446.82%
-0.06
+94.70%
-1.04
-151.28%
2.02
Net Common Stock Issuance
8.99
-77.53%
40.00
0.00
—
Net Other Financing Charges
—
—
0.39
+338.14%
-0.16
Changes In Cash
8.39
-83.36%
50.41
+535.35%
7.93
-64.07%
22.08
Effect Of Exchange Rate Changes
-2.67
+26.25%
-3.62
-27.01%
-2.85
-2437.64%
0.12
Beginning Cash Position
98.04
+91.30%
51.25
+11.02%
46.16
+92.64%
23.96
End Cash Position
103.76
+5.83%
98.04
+91.30%
51.25
+11.02%
46.16
Free Cash Flow
0.80
-92.38%
10.46
+21.83%
8.59
+264.44%
2.36
Interest Paid Supplemental Data
1.19
0.00
-100.00%
0.01
0.00
Income Tax Paid Supplemental Data
2.89
-29.58%
4.10
+21.03%
3.39
-10.17%
3.77
Change In Income Tax Payable
0.00
+100.00%
-0.02
+47.46%
-0.04
+18.55%
-0.05
Change In Tax Payable
0.00
+100.00%
-0.02
+47.46%
-0.04
+18.55%
-0.05
Common Stock Issuance
8.99
-77.53%
40.00
0.00
—
Issuance Of Capital Stock
8.99
-77.53%
40.00
0.00
—
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Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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