Company Valuation: Asymchem Laboratories (Tianjin) Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 111,228 52,704 41,387 26,238 32,605 66,560 - -
Change - -52.62% -21.47% -36.6% 24.27% 104.14% - -
Enterprise Value (EV) 1 105,383 47,524 34,318 20,491 26,337 61,886 62,904 63,703
Change - -54.9% -27.79% -40.29% 28.53% 134.98% 1.64% 1.27%
P/E 99.1x 16.4x 18.5x 28.3x 29.4x 50.2x 37.9x 31.2x
PBR 9.07x 3.5x 2.46x 1.66x 1.9x 3.64x 3.39x 3.12x
PEG - 0x -0.6x -0.5x 1.7x 2.7x 1.2x 1.5x
Capitalization / Revenue 24x 5.15x 5.29x 4.52x 4.89x 8.23x 6.79x 5.61x
EV / Revenue 22.7x 4.65x 4.39x 3.53x 3.95x 7.65x 6.42x 5.37x
EV / EBITDA 75.3x 13.6x 11.2x 16.1x 15.1x 30.1x 24.3x 20.1x
EV / EBIT 88.4x 15.2x 13.3x 19x 22.5x 39.7x 31.2x 25.8x
EV / FCF -68.1x 41.8x 14.6x 164x 192x -125x 75.7x 48x
FCF Yield -1.47% 2.39% 6.84% 0.61% 0.52% -0.8% 1.32% 2.08%
Dividend per Share 2 0.5714 1.8 1.8 1.1 1.3 1.353 1.808 2.133
Rate of return 0.18% 1.22% 1.55% 1.45% 1.4% 0.72% 0.96% 1.13%
EPS 2 3.136 9 6.26 2.69 3.16 3.754 4.98 6.043
Distribution rate 18.2% 20% 28.8% 40.9% 41.1% 36% 36.3% 35.3%
Net sales 1 4,639 10,230 7,825 5,805 6,670 8,089 9,803 11,873
EBITDA 1 1,399 3,498 3,058 1,274 1,744 2,057 2,585 3,176
EBIT 1 1,192 3,136 2,571 1,079 1,169 1,558 2,016 2,467
Net income 1 1,069 3,302 2,269 949 1,133 1,352 1,795 2,317
Net Debt 1 -5,846 -5,180 -7,069 -5,747 -6,268 -4,673 -3,656 -2,857
Reference price 2 310.71 148.00 116.10 76.09 92.93 188.62 188.62 188.62
Nbr of stocks (in thousands) 368,307 364,755 364,426 354,879 359,442 359,630 - -
Announcement Date 3/30/22 3/30/23 3/28/24 3/28/25 3/30/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.45x11.78x23.93x0.61% 1,019B
28.48x6.32x17.74x2.09% 617B
33.26x7.78x16.08x2.64% 464B
104.98x5.87x24.89x2.36% 356B
18.81x4.58x11.36x2.9% 333B
19.83x5.17x12.78x3.09% 267B
20.02x4.17x11.86x2.13% 244B
25.46x6.66x11.86x2.5% 218B
-43.78x6.39x24.97x2.27% 179B
Average 26.61x 6.52x 17.28x 2.29% 410.8B
Weighted average by Cap. 31.80x 7.61x 18.61x 1.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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