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 62,129 - -
Change - -52.62% -21.47% -36.6% 24.27% 90.55% - -
Enterprise Value (EV) 1 105,383 47,524 34,318 20,491 26,337 57,050 57,723 58,303
Change - -54.9% -27.79% -40.29% 28.53% 116.61% 1.18% 1%
P/E 99.1x 16.4x 18.5x 28.3x 29.4x 45.6x 36.8x 28.1x
PBR 9.07x 3.5x 2.46x 1.66x 1.9x 3.42x 3.21x 2.96x
PEG - 0x -0.6x -0.5x 1.7x 1.9x 1.5x 0.9x
Capitalization / Revenue 24x 5.15x 5.29x 4.52x 4.89x 7.69x 6.41x 5.36x
EV / Revenue 22.7x 4.65x 4.39x 3.53x 3.95x 7.07x 5.96x 5.03x
EV / EBITDA 75.3x 13.6x 11.2x 16.1x 15.1x 26.6x 22.2x 18.3x
EV / EBIT 88.4x 15.2x 13.3x 19x 22.5x 35.9x 28.9x 22.5x
EV / FCF -68.1x 41.8x 14.6x 164x 192x -97.5x 65.6x 46x
FCF Yield -1.47% 2.39% 6.84% 0.61% 0.52% -1.03% 1.52% 2.18%
Dividend per Share 2 0.5714 1.8 1.8 1.1 1.3 1.48 1.778 2.081
Rate of return 0.18% 1.22% 1.55% 1.45% 1.4% 0.83% 1% 1.17%
EPS 2 3.136 9 6.26 2.69 3.16 3.902 4.838 6.328
Distribution rate 18.2% 20% 28.8% 40.9% 41.1% 37.9% 36.8% 32.9%
Net sales 1 4,639 10,230 7,825 5,805 6,670 8,075 9,688 11,599
EBITDA 1 1,399 3,498 3,058 1,274 1,744 2,143 2,598 3,188
EBIT 1 1,192 3,136 2,571 1,079 1,169 1,589 1,997 2,590
Net income 1 1,069 3,302 2,269 949 1,133 1,407 1,763 2,285
Net Debt 1 -5,846 -5,180 -7,069 -5,747 -6,268 -5,079 -4,405 -3,825
Reference price 2 310.71 148.00 116.10 76.09 92.93 177.95 177.95 177.95
Nbr of stocks (in thousands) 368,307 364,755 364,426 354,879 359,442 359,724 - -
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.($)
45.61x7.07x26.62x0.83% 9.17B
34.25x12.25x25.43x0.59% 1,028B
27.09x6.22x16.9x2.1% 611B
30.33x7.27x14.9x2.81% 432B
17.47x4.34x10.68x3.06% 323B
21.17x5.44x13.17x2.9% 277B
20.69x4.37x12.08x2.02% 257B
13.99x5.26x10.84x3.55% 217B
23.3x6.19x10.94x2.84% 192B
-46.85x5.61x31x2.5% 161B
Average 18.71x 6.40x 17.26x 2.32% 350.75B
Weighted average by Cap. 23.40x 7.66x 17.91x 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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