Added to YB: 2024-10-07
Pitch date: 2024-10-04
WETH [bullish]
Wetouch Technology Inc.
-14.56%
current return
Author Info
Small Cap Value Investing is value investor specializing in analyzing illiquid small caps. Sign up for the newsletter.
Company Info
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.
Market Cap
$29.5M
Pitch Price
$2.06
Price Target
4.62 (+163%)
Dividend
N/A
EV/EBITDA
-7.31
P/E
3.91
EV/Sales
-1.87
Sector
Electronic Equipment, Instruments and Components
Category
value
Wetouch Technology (NASDAQ: WETH)
WETH: $15M buyback at $20M market cap. P/E <3, strong balance sheet ($98M cash, $122M equity). Top clients: Siemens, Delta, Canon. Q2 net income $2.7M (-42% YoY). Risks: concentrated customer base (80% from top 5). Price target $4.62, current $1.75. Undiscovered due to small-cap status and Chinese market.
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