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 59,677 - -
Change - -52.62% -21.47% -36.6% 24.27% 83.03% - -
Enterprise Value (EV) 1 105,383 47,524 34,318 20,491 26,337 54,970 55,950 56,722
Change - -54.9% -27.79% -40.29% 28.53% 108.72% 1.78% 1.38%
P/E 99.1x 16.4x 18.5x 28.3x 29.4x 45x 34.1x 28.1x
PBR 9.07x 3.5x 2.46x 1.66x 1.9x 3.29x 3.07x 2.83x
PEG - 0x -0.6x -0.5x 1.7x 2.3x 1.1x 1.3x
Capitalization / Revenue 24x 5.15x 5.29x 4.52x 4.89x 7.38x 6.1x 5.04x
EV / Revenue 22.7x 4.65x 4.39x 3.53x 3.95x 6.8x 5.72x 4.79x
EV / EBITDA 75.3x 13.6x 11.2x 16.1x 15.1x 26.7x 21.6x 17.8x
EV / EBIT 88.4x 15.2x 13.3x 19x 22.5x 35.2x 27.7x 22.9x
EV / FCF -68.1x 41.8x 14.6x 164x 192x -88.1x 114x 44.1x
FCF Yield -1.47% 2.39% 6.84% 0.61% 0.52% -1.14% 0.87% 2.27%
Dividend per Share 2 0.5714 1.8 1.8 1.1 1.3 1.379 1.821 2.161
Rate of return 0.18% 1.22% 1.55% 1.45% 1.4% 0.81% 1.07% 1.27%
EPS 2 3.136 9 6.26 2.69 3.16 3.79 4.998 6.081
Distribution rate 18.2% 20% 28.8% 40.9% 41.1% 36.4% 36.4% 35.5%
Net sales 1 4,639 10,230 7,825 5,805 6,670 8,085 9,785 11,831
EBITDA 1 1,399 3,498 3,058 1,274 1,744 2,062 2,587 3,186
EBIT 1 1,192 3,136 2,571 1,079 1,169 1,562 2,018 2,475
Net income 1 1,069 3,302 2,269 949 1,133 1,364 1,802 2,329
Net Debt 1 -5,846 -5,180 -7,069 -5,747 -6,268 -4,707 -3,727 -2,955
Reference price 2 310.71 148.00 116.10 76.09 92.93 170.64 170.64 170.64
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.($)
45.47x6.86x26.9x0.8% 8.95B
33.86x12.29x24.9x0.58% 1,060B
30.03x - - 1.99% 651B
33.56x7.77x16.15x2.61% 465B
20.52x4.87x12.06x2.71% 365B
22.43x5.77x14.31x2.77% 300B
21.39x4.38x12.52x2.01% 258B
27.85x7.18x12.75x2.29% 238B
13.86x4.91x10.27x3.71% 210B
-45.25x6.53x25.49x2.23% 184B
Average 20.37x 6.73x 17.26x 2.17% 373.94B
Weighted average by Cap. 24.71x 8.18x 18.11x 1.93%

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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