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 62,579 - -
Change - -52.62% -21.47% -36.6% 24.27% 91.93% - -
Enterprise Value (EV) 1 105,383 47,524 34,318 20,491 26,337 57,906 58,923 59,722
Change - -54.9% -27.79% -40.29% 28.53% 119.86% 1.76% 1.36%
P/E 99.1x 16.4x 18.5x 28.3x 29.4x 47.3x 35.7x 29.4x
PBR 9.07x 3.5x 2.46x 1.66x 1.9x 3.42x 3.19x 2.94x
PEG - 0x -0.6x -0.5x 1.7x 2.5x 1.1x 1.4x
Capitalization / Revenue 24x 5.15x 5.29x 4.52x 4.89x 7.74x 6.38x 5.27x
EV / Revenue 22.7x 4.65x 4.39x 3.53x 3.95x 7.16x 6.01x 5.03x
EV / EBITDA 75.3x 13.6x 11.2x 16.1x 15.1x 28.2x 22.8x 18.8x
EV / EBIT 88.4x 15.2x 13.3x 19x 22.5x 37.2x 29.2x 24.2x
EV / FCF -68.1x 41.8x 14.6x 164x 192x -117x 70.9x 45x
FCF Yield -1.47% 2.39% 6.84% 0.61% 0.52% -0.85% 1.41% 2.22%
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% 0.76% 1.02% 1.2%
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 2,057 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 1,412 1,818 2,162
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 92.93 177.60 177.60 177.60
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
47.31x7.16x28.15x0.76% 9.32B
32.41x11.77x23.88x0.61% 1,015B
29.62x6.59x18.45x2.02% 642B
33.52x7.76x16.03x2.62% 463B
19.65x4.78x11.85x2.77% 353B
19.69x5.14x12.76x3.13% 265B
21.05x4.32x12.35x2.04% 254B
24.13x6.36x11.33x2.64% 206B
12.48x4.54x9.49x4.03% 191B
-44.28x6.46x25.23x2.25% 182B
Average 19.56x 6.49x 16.95x 2.29% 357.95B
Weighted average by Cap. 23.65x 7.63x 17.65x 2.01%

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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