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Zhejiang Dayang Biotech Group Co Ltd
SZSE:003017

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Zhejiang Dayang Biotech Group Co Ltd
SZSE:003017
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Price: 31.78 CNY 1.63%
Market Cap: ¥2.7B

P/B

2.4
Current
30%
More Expensive
vs 3-y average of 1.9

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.4
=
Market Cap
¥2.6B
/
Total Equity
¥1.1B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.4
=
Market Cap
¥2.6B
/
Total Equity
¥1.1B

Valuation Scenarios

Zhejiang Dayang Biotech Group Co Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (1.9), the stock would be worth ¥24.42 (23% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-23%
Maximum Upside
+1%
Average Downside
10%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.4 ¥31.78
0%
3-Year Average 1.9 ¥24.42
-23%
5-Year Average 2 ¥25.58
-20%
Industry Average 2.5 ¥32.01
+1%
Country Average 2.4 ¥31.99
+1%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
CN
Zhejiang Dayang Biotech Group Co Ltd
SZSE:003017
2.7B CNY 2.4 27.3
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
13.3T JPY 3.1 27.3
US
Sherwin-Williams Co
NYSE:SHW
78.7B USD 17.1 30.7
US
Ecolab Inc
NYSE:ECL
72.4B USD 7.4 34.9
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 0.7 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
282.8B CNY 2.6 21.5
CH
Givaudan SA
SIX:GIVN
25.9B CHF 5.7 24.1
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 11.8 54.8
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.4T INR 12 60.9
US
PPG Industries Inc
NYSE:PPG
23.4B USD 2.9 14.8
CH
Sika AG
F:SIKA
19.9B EUR 2.7 17.5

Market Distribution

In line with most companies in China
Percentile
50th
Based on 7 605 companies
50th percentile
2.4
Low
0 — 1.5
Typical Range
1.5 — 3.9
High
3.9 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.4
70th Percentile 3.9
Max 1 172 445.9

Zhejiang Dayang Biotech Group Co Ltd
Glance View

Market Cap
2.7B CNY
Industry
Chemicals

Zhejiang Dayang Biotech Group Co., Ltd. engages in the production and sales of potassium salt and veterinary drugs. The company is headquartered in Hangzhou, Zhejiang and currently employs 925 full-time employees. The company went IPO on 2020-10-26. The firm's main products include potassium carbonate, potassium bicarbonate, amproline hydrochloride, 2-chloro-6-fluorobenzaldehyde, etc. Its products are used in food, pesticide, fertilizer, medicine and glass fields. The firm conducts its businesses within the Chinese market and to overseas markets.

Intrinsic Value
21.48 CNY
Overvaluation 32%
Intrinsic Value
Price ¥31.78
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