Waterdrop Inc - Understand $wdh stock

$WDH Market Cap: $418.3 Million

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Financial Snapshot

Revenue

$2.631B

TTM

Gross Margin

54.68%

TTM

Net Earnings

$167.2M

TTM

Current Assets

$764.3M

Q4 2023

Current Liabilities

$192.9M

Q4 2023

Current Ratio

396.2%

Q4 2023

Total Assets

$866.0M

Q4 2023

Total Liabilities

$207.1M

Q4 2023

Book Value

$658.9M

Q4 2023

Cash

$55.90M

Q4 2023

P/E

2.502

Nov 15, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018
Revenue	$2.631B	$2.802B	$3.206B	$3.028B	$1.511B	$238.1M
YoY Change	-6.11%	-12.61%	5.88%	100.39%	534.61%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
Revenue	$2.631B	$2.802B	$3.206B	$3.028B	$1.511B	$238.1M
Cost Of Revenue	$1.196B	$1.019B	$1.054B	$742.3M	$291.3M	$45.90M
Gross Profit	$1.435B	$1.782B	$2.151B	$2.286B	$1.220B	$192.2M
Gross Profit Margin	54.55%	63.62%	67.11%	75.49%	80.72%	80.72%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018
Selling, General & Admin	$161.0M	$1.013B	$3.596B	$2.538B	$1.200B	$311.2M
YoY Change	-84.11%	-71.83%	41.71%	111.56%	285.44%
% of Gross Profit	11.22%	56.84%	167.16%	111.03%	98.34%	161.91%
Research & Development	$42.12M	$291.3M	$379.0M	$244.2M	$214.6M	$69.20M
YoY Change	-85.54%	-23.14%	55.2%	13.79%	210.12%
% of Gross Profit	2.93%	16.34%	17.62%	10.68%	17.59%	36.0%
Depreciation & Amortization	$13.42M	$22.84M	$18.09M	$13.10M	$6.700M	$2.000M
YoY Change	-41.25%	26.23%	38.11%	95.52%	235.0%
% of Gross Profit	0.93%	1.28%	0.84%	0.57%	0.55%	1.04%
Operating Expenses	$371.5M	$1.304B	$3.975B	$2.782B	$1.414B	$380.4M
YoY Change	-71.52%	-67.19%	42.9%	96.73%	271.74%
Operating Profit	-$950.0K	$478.0M	-$1.824B	-$496.2M	-$194.4M	-$188.2M
YoY Change	-100.2%	-126.21%	267.56%	155.25%	3.29%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
Interest Expense	$140.4M	$85.78M	$58.01M	$25.20M	$14.70M	$2.500M
YoY Change	63.66%	47.86%	130.2%	71.43%	488.0%
% of Operating Profit		17.95%
Other Income/Expense, Net	$4.310M	$66.93M	$10.30M	-$142.8M	$800.0K	-$2.000M
YoY Change	-93.56%	549.73%	-107.21%	-17950.0%	-140.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018
Pretax Income	$164.2M	$630.7M	-$1.795B	-$613.7M	-$179.0M	-$187.6M
YoY Change	-73.96%	-135.13%	192.5%	242.85%	-4.58%
Income Tax	$555.0K	$22.98M	-$221.0M	$50.20M	$142.5M	$21.50M
% Of Pretax Income	0.34%	3.64%
Net Earnings	$167.2M	$607.7M	-$1.574B	-$663.9M	-$321.5M	-$209.2M
YoY Change	-72.48%	-138.61%	137.1%	106.5%	53.68%
Net Earnings / Revenue	6.36%	21.69%	-49.1%	-21.93%	-21.28%	-87.86%
Basic Earnings Per Share	$0.04	$0.15	-$0.58	-$0.94
Diluted Earnings Per Share	$0.04	$0.15	-$526.4K	-$168.4K	-$81.57K	-$53.08K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$3.393B	$3.705B	$2.787B	$2.255B	$1.025B	$230.5M
YoY Change	-8.4%	32.92%	23.59%	120.05%	344.6%
Cash & Equivalents	$396.9M	$1.574B	$817.7M	$1.062B	$964.5M	$196.1M
Short-Term Investments	$2.997B	$2.130B	$1.969B	$1.193B	$60.30M	$34.40M
Other Short-Term Assets	$767.0M	$859.8M	$720.2M	$349.4M	$357.6M	$185.9M
YoY Change	-10.8%	19.4%	106.11%	-2.29%	92.36%
Inventory
Prepaid Expenses
Receivables	$1.266B	$1.126B	$1.207B	$1.364B	$870.2M	$194.2M
Other Receivables	$65.00K	$358.0K	$318.4M	$563.9M	$209.2M	$73.70M
Total Short-Term Assets	$5.426B	$5.691B	$5.033B	$4.533B	$2.462B	$684.2M
YoY Change	-4.64%	13.07%	11.04%	84.13%	259.79%
Property, Plant & Equipment	$93.73M	$49.84M	$103.8M	$89.40M	$71.10M	$7.800M
YoY Change	88.04%	-52.0%	16.16%	25.74%	811.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$211.8M	$11.97M	$11.81M	$2.700M	$4.700M	$2.700M
YoY Change	1669.22%	1.33%	337.48%	-42.55%	74.07%
Other Assets	$24.19M	$6.166M	$11.84M
YoY Change	292.31%	-47.92%
Total Long-Term Assets	$722.2M	$231.6M	$217.6M	$172.4M	$94.20M	$22.50M
YoY Change	211.83%	6.46%	26.19%	83.01%	318.67%
Total Assets	$6.149B	$5.922B	$5.251B	$4.705B	$2.556B	$706.7M
YoY Change
Accounts Payable	$1.190B	$1.101B	$685.0M	$607.3M	$320.2M	$166.0M
YoY Change	8.07%	60.69%	12.8%	89.66%	92.89%
Accrued Expenses	$32.91M	$9.354M	$360.0M	$513.5M	$342.3M	$49.20M
YoY Change	251.81%	-97.4%	-29.9%	50.01%	595.73%
Deferred Revenue
YoY Change
Short-Term Debt	$137.6M	$0.00	$0.00	$0.00	$0.00	$19.10M
YoY Change					-100.0%
Long-Term Debt Due				$0.00	$100.0K	$100.0K
YoY Change				-100.0%	0.0%
Total Short-Term Liabilities	$1.370B	$1.122B	$1.249B	$1.271B	$874.5M	$404.0M
YoY Change	22.1%	-10.2%	-1.74%	45.37%	116.46%
Long-Term Debt		$0.00	$280.0K	$400.0K	$200.0K	$300.0K
YoY Change		-100.0%	-30.0%	100.0%	-33.33%
Other Long-Term Liabilities	$27.29M	$4.701M	$14.20M	$27.30M	$12.10M	$0.00
YoY Change	480.58%	-66.89%	-48.0%	125.62%
Total Long-Term Liabilities	$27.29M	$4.701M	$14.48M	$27.70M	$12.30M	$300.0K
YoY Change	480.58%	-67.53%	-47.74%	125.2%	4000.0%
Total Liabilities	$1.563B	$1.156B	$1.277B	$1.525B	$1.054B	$428.5M
YoY Change	35.19%	-9.48%	-16.23%	44.6%	146.07%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	3.770B	3.921B	2.991B	1.175B
Diluted Shares Outstanding	3.881B	4.022B	2.991B	1.175B
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $418.28 Million

About Waterdrop Inc

Waterdrop, Inc. is a technology platform company, which engages in online insurance brokerage services to match and connect users with relevant insurance products underwritten by insurance companies. The company is headquartered in Beijing, Beijing and currently employs 2,960 full-time employees. The company went IPO on 2021-05-07. The firm is mainly engaged in operating an independent third-party insurance platform dedicated to providing insurance and healthcare service. The Company’s main businesses are the insurance marketplace, medical crowdfunding, and mutual aid. The insurance marketplace business is collaborated with insurance carriers to offer health and life insurance products to ensure a smooth and friendly user experience throughout the process from underwriting to claim services. The medical crowdfunding business is enabled people with significant medical costs need to seek help from caring hearts through technology. Patients or their relatives or friends can initiate crowdfunding campaigns on the platform and share campaign information through social networks. Mutual aid business operates the Waterdrop Mutual Aid platform enabled participants to help one another to ease their medical cost burden.

Industry: Insurance Agents, Brokers & Service Peers: /entities/aifu Huize Holding Ltd Tian Ruixiang Holdings Ltd