Zhejiang Huangma Technology Co Ltd
SSE:603181

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Zhejiang Huangma Technology Co Ltd
SSE:603181
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Price: 15.58 CNY 3.66% Market Closed
Market Cap: ¥9.2B

EV/EBITDA

17.7
Current
15%
More Expensive
vs 3-y average of 15.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
17.7
=
Enterprise Value
¥9.7B
/
EBITDA
¥507.8m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
17.7
=
Enterprise Value
¥9.7B
/
EBITDA
¥507.8m

Valuation Scenarios

Zhejiang Huangma Technology Co Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (15.4), the stock would be worth ¥13.59 (13% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-13%
Maximum Upside
+115%
Average Upside
39%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 17.7 ¥15.58
0%
3-Year Average 15.4 ¥13.59
-13%
5-Year Average 15.9 ¥14.02
-10%
Industry Average 38 ¥33.49
+115%
Country Average 28.8 ¥25.38
+63%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
¥9.7B
/
Oct 2025
¥507.8m
=
17.7
Current
¥9.7B
/
Dec 2025
¥712.1m
=
13.7
Forward
¥9.7B
/
Dec 2026
¥821.8m
=
11.8
Forward
¥9.7B
/
Dec 2027
¥927.2m
=
10.5
Forward
¥9.7B
/
Dec 2028
¥992.2m
=
9.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CN
Zhejiang Huangma Technology Co Ltd
SSE:603181
9.2B CNY 17.7 20.4
US
Sherwin-Williams Co
NYSE:SHW
83.6B USD 21 32.6
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
12.7T JPY 12.9 26.1
US
Ecolab Inc
NYSE:ECL
76B USD 21.4 36.6
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 5.8 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
274.4B CNY 18 20.8
CH
Givaudan SA
SIX:GIVN
26B CHF 17 24.3
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 28.9 54.8
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.4T INR 37.2 61.8
US
PPG Industries Inc
NYSE:PPG
24.5B USD 10.8 15.6
CH
Sika AG
F:SIKA
19.9B EUR 10.3 17.5

Market Distribution

In line with most companies in China
Percentile
32nd
Based on 5 409 companies
32nd percentile
17.7
Low
0 — 16.3
Typical Range
16.3 — 53.1
High
53.1 —
Distribution Statistics
China
Min 0
30th Percentile 16.3
Median 28.8
70th Percentile 53.1
Max 49 021

Zhejiang Huangma Technology Co Ltd
Glance View

Market Cap
9.2B CNY
Industry
Chemicals

Zhejiang Huangma Technology Co., Ltd. engages in the research, development, production, and sale of surfactants. The company is headquartered in Shaoxing, Zhejiang and currently employs 884 full-time employees. The company went IPO on 2017-08-24. The firm's products are widely used in the fields of silicone, lubricants and metalworking fluids, environmental coatings, composite new materials, specialty fibers, agricultural fertilizer auxiliaries, water treatment and personal care. The firm mainly distributes its products in the domestic and overseas market.

Intrinsic Value
14.87 CNY
Overvaluation 5%
Intrinsic Value
Price ¥15.58
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