EcoSynthetix Inc
TSX:ECO

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EcoSynthetix Inc
TSX:ECO
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Price: 3.15 CAD -1.25% Market Closed
Market Cap: CA$186m

P/S

6.3
Current
34%
Cheaper
vs 3-y average of 9.5

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
6.3
=
Market Cap
CA$198.9m
/
Revenue
$20.8m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
6.3
=
Market Cap
CA$198.9m
/
Revenue
$20.8m

Valuation Scenarios

EcoSynthetix Inc is trading below its 3-year average

If P/S returns to its 3-Year Average (9.5), the stock would be worth CA$4.74 (50% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-81%
Maximum Upside
+64%
Average Downside
5%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 6.3 CA$3.15
0%
3-Year Average 9.5 CA$4.74
+50%
5-Year Average 10.4 CA$5.18
+64%
Industry Average 1.2 CA$0.6
-81%
Country Average 2.9 CA$1.45
-54%

Forward P/S
Today’s price vs future revenue

Not enough data available to calculate forward P/S

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
CA
EcoSynthetix Inc
TSX:ECO
184.2m CAD 6.3 -303.5
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
13.5T JPY 5.2 28.4
US
Sherwin-Williams Co
NYSE:SHW
79.7B USD 3.4 31
US
Ecolab Inc
NYSE:ECL
73.5B USD 4.6 35.4
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 1 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
282.8B CNY 1.3 21.5
CH
Givaudan SA
SIX:GIVN
25.7B CHF 3.4 23.9
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 9.3 54.8
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.3T INR 6.7 60.7
US
PPG Industries Inc
NYSE:PPG
24.2B USD 1.5 15.4
CH
Sika AG
F:SIKA
19.9B EUR 1.6 17.5
P/E Multiple
Earnings Growth PEG
CA
EcoSynthetix Inc
TSX:ECO
Average P/E: 29.9
Negative Multiple: -303.5
N/A N/A
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
28.4
N/A N/A
US
Sherwin-Williams Co
NYSE:SHW
31
14%
2.2
US
Ecolab Inc
NYSE:ECL
35.4
14%
2.5
JP
Y
Yasuhara Chemical Co Ltd
TSE:4957
10.5
N/A N/A
CN
Wanhua Chemical Group Co Ltd
SSE:600309
21.5
10%
2.1
CH
Givaudan SA
SIX:GIVN
23.9
6%
4
DK
Novozymes A/S
CSE:NZYM B
54.8
N/A N/A
IN
Asian Paints Ltd
NSE:ASIANPAINT
60.7
15%
4
US
PPG Industries Inc
NYSE:PPG
15.4
10%
1.5
CH
Sika AG
F:SIKA
17.5
8%
2.2

Market Distribution

Higher than 75% of companies in Canada
Percentile
75th
Based on 2 477 companies
75th percentile
6.3
Low
0 — 1.4
Typical Range
1.4 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.4
Median 2.9
70th Percentile 4.9
Max 15 623 917.6

EcoSynthetix Inc
Glance View

Market Cap
186m CAD
Industry
Chemicals

EcoSynthetix, Inc. develops and commercializes bio-based materials. The company is headquartered in Burlington, Ontario and currently employs 26 full-time employees. The company went IPO on 2011-08-04. The company is engaged in the development and commercialization of bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products in the Americas, Europe, Middle East, and Africa (EMEA) and Asia Pacific. Its bio-based products are used as inputs in the commercial manufacture of a range of consumer and industrial goods. The Company’s flagship products are EcoSphere biolatex and DuraBind biopolymers. The EcoSphere biolatex is used in the paper and paperboard packaging industries. The company is used to replace petroleum-based Styrene Butadiene (SB) latex binders, which are used to allow colorful graphics to stick to glossy paper used in magazines, books, and packaging like cereal boxes. The DuraBind biopolymers are a no added formaldehyde binder system used in the production of wood composite panels. Its other products include EcoSphere biopolymers and DuraBind bioresins.

ECO Intrinsic Value
0.37 CAD
Overvaluation 88%
Intrinsic Value
Price CA$3.15
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