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 60,761 - -
Change - -52.62% -21.47% -36.6% 24.27% 86.35% - -
Enterprise Value (EV) 1 105,383 47,524 34,318 20,491 26,337 56,088 57,105 57,904
Change - -54.9% -27.79% -40.29% 28.53% 112.96% 1.81% 1.4%
P/E 99.1x 16.4x 18.5x 28.3x 29.4x 46.1x 34.8x 28.6x
PBR 9.07x 3.5x 2.46x 1.66x 1.9x 3.33x 3.11x 2.87x
PEG - 0x -0.6x -0.5x 1.7x 2.5x 1.1x 1.3x
Capitalization / Revenue 24x 5.15x 5.29x 4.52x 4.89x 7.51x 6.2x 5.12x
EV / Revenue 22.7x 4.65x 4.39x 3.53x 3.95x 6.93x 5.83x 4.88x
EV / EBITDA 75.3x 13.6x 11.2x 16.1x 15.1x 25.5x 20.8x 17.6x
EV / EBIT 88.4x 15.2x 13.3x 19x 22.5x 34.7x 28.3x 24x
EV / FCF -68.1x 41.8x 14.6x 164x 192x -113x 68.7x 43.6x
FCF Yield -1.47% 2.39% 6.84% 0.61% 0.52% -0.88% 1.46% 2.29%
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% 0.78% 1.04% 1.23%
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 92.93 173.05 173.05 173.05
Nbr of stocks (in thousands) 368,307 364,755 364,426 354,879 359,442 359,630 - -
Announcement Date 3/30/22 A 3/30/23 A 3/28/24 A 3/28/25 A 3/30/26 A - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
46.1x6.93x27.27x0.78% 9.05B
32x11.63x23.59x0.62% 1,002B
28.37x6.53x17.91x2.01% 644B
32.13x7.46x15.49x2.73% 443B
18.9x4.61x11.42x2.88% 343B
19.46x5.11x12.69x3.2% 262B
20.29x4.17x11.93x2.12% 245B
24.75x6.5x11.57x2.58% 212B
12.86x4.67x9.75x3.91% 199B
-44.5x6.43x25.11x2.26% 181B
Average 19.04x 6.40x 16.67x 2.31% 353.87B
Weighted average by Cap. 22.97x 7.53x 17.34x 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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