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 57,653 - -
Change - -52.62% -21.47% -36.6% 24.27% 76.82% - -
Enterprise Value (EV) 1 105,383 47,524 34,318 20,491 26,337 52,979 53,997 54,796
Change - -54.9% -27.79% -40.29% 28.53% 101.16% 1.92% 1.48%
P/E 99.1x 16.4x 18.5x 28.3x 29.4x 43.7x 33x 27.2x
PBR 9.07x 3.5x 2.46x 1.66x 1.9x 3.16x 2.95x 2.72x
PEG - 0x -0.6x -0.5x 1.7x 2.3x 1x 1.3x
Capitalization / Revenue 24x 5.15x 5.29x 4.52x 4.89x 7.13x 5.88x 4.86x
EV / Revenue 22.7x 4.65x 4.39x 3.53x 3.95x 6.55x 5.51x 4.62x
EV / EBITDA 75.3x 13.6x 11.2x 16.1x 15.1x 24.1x 19.6x 16.7x
EV / EBIT 88.4x 15.2x 13.3x 19x 22.5x 32.8x 26.8x 22.7x
EV / FCF -68.1x 41.8x 14.6x 164x 192x -107x 64.9x 41.3x
FCF Yield -1.47% 2.39% 6.84% 0.61% 0.52% -0.93% 1.54% 2.42%
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% 0.82% 1.1% 1.3%
EPS 2 3.136 9 6.26 2.69 3.16 3.754 4.979 6.042
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 2,199 2,750 3,284
EBIT 1 1,192 3,136 2,571 1,079 1,169 1,615 2,018 2,413
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 92.93 164.13 164.13 164.13
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.($)
31.96x11.62x23.56x0.62% 1,001B
29.63x - - 2.02% 642B
32.65x7.56x15.72x2.69% 451B
18.78x4.58x11.35x2.9% 340B
19.52x5.11x12.66x3.19% 263B
20.44x4.2x12.01x2.1% 247B
24.19x6.38x11.35x2.64% 207B
12.74x4.63x9.67x3.94% 197B
-43.8x6.4x24.98x2.27% 180B
Average 16.23x 6.31x 15.16x 2.48% 391.82B
Weighted average by Cap. 23.23x 7.75x 17.18x 2.04%

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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