Asymchem Laboratories (Tianjin) Co., Ltd.

6821.HK · Healthcare · Biotechnology · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

5.66B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

3.31B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

3.66B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

4.21B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

7.70B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.55×

the ratio the screener ranks by

Margin of Safety

-83.0%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 5.66B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)3.64B USD
+②Net Cash Today917.68M USD
+③Growth Value1.10B USD
=Value5.66B USD

EPV of the Operations (NOPAT over WACC)

3.64B USD

Net cash today

+917.68M USD

Growth Value

+1.10B USD

Value

5.66B USD

①EPV (earnings power value)

3.64B USD

②Net Cash Today

917.68M USD

③Growth Value

1.10B USD

Market value

Market Cap7.70B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-36.0%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 3.31B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE1.27B USD
+②Equity at Year 15, Today2.04B USD
=Value3.31B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

1.27B USD

②Equity at Year 15, Today

2.04B USD

Market value

Market Cap7.70B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-132.9%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 3.66B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF1.36B USD
+②Invested Capital at Year 15, Today1.38B USD
+③Net Cash Today917.68M USD
=Value3.66B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

1.36B USD

②Invested Capital at Year 15, Today

1.38B USD

③Net Cash Today

917.68M USD

Market value

Market Cap7.70B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-110.6%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 5.25%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.13×Market Risk Premium 6.00%= 5.26%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 22.86M USDPretax Income 184.06M USD= 12.42%

The tax the interest saves.

Interest Expense =EBIT 185.88M USD−Pretax Income 184.06M USD= 1.82M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 1.82M USDTotal Debt 51.07M USD×(1 − Tax Rate for WACC 12.42%)= 3.13%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 51.07M USDMarket Cap + Total Debt 7.70B USD + 51.07M USD= 0.66%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 99.34%×Cost of Equity 5.26%+Debt Weight 0.66%×Cost of Debt 3.13%= 5.25%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 3.07B USD − Total Liabilities 454.70M USD = Book Value Today 2.61B USD

Total Debt 51.07M USD − Cash and Short-Term Investments 968.75M USD = Net Debt Today -917.68M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-2.4%at most 5%passes360,780,970 / 369,655,381
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets1.3%at least -10.0%passes(201.40M USD − 162.05M USD) ÷ 3.07B USD
Price to bookMarket Cap ÷ Book Value Today2.94×at most 3×passes7.70B USD ÷ 2.61B USD
Operating marginOperating Income ÷ Revenue18.8%above 10.0%passes179.44M USD ÷ 954.37M USD
Revenue growthRevenue ÷ Revenue a Year Before − 119.9%above 10.0%passes954.37M USD / 796.16M USD
Net cash(Cash − Total Debt) ÷ Market Cap9.9%above -30%passes(813.74M USD − 51.07M USD) ÷ 7.70B USD
Operating efficiencyOperating Income ÷ Gross Profit44.8%above 25.0%passes179.44M USD ÷ 400.75M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

166.77 HKD

Enterprise value

53.04B HKD

the provider's own figure

EV / EBITDA

30.93×

Price / book

2.85×

the provider's book

Price / earnings

48.57×

Return on equity

5.9%

the provider's figure, not this page's

Profit margin

14.6%

Revenue growth

9.6%

Analyst target, mean

150.05 HKD

Analysts

7

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

1.47B1.10B796.16M954.37M

Gross profit

698.34M563.87M337.25M400.75M

Operating income

456.02M323.31M96.32M179.44M

EBITDA

operating income before depreciation and amortisation

586.13M426.34M217.31M264.70M

Pretax income

535.49M360.16M147.09M184.06M

Net income

474.64M319.56M130.16M162.05M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

467.82M320.88M134.58M176.01M

R&D

101.91M99.70M84.28M84.88M
Balance sheet, year end

Total assets

2.62B2.78B2.65B2.90B

Total liabilities

365.76M317.92M332.75M376.49M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

2.25B2.46B2.31B2.52B

Total debt

19.89M20.74M44.54M44.24M

Cash and equivalents

760.42M1.00B794.07M904.40M

Net PP&E

fixed assets after depreciation

692.78M754.67M841.86M943.77M

Working capital

current assets less current liabilities

1.39B1.49B1.28B1.36B
Cash flow

Operating cash flow

472.52M499.97M172.04M201.40M

Capital expenditure

paid out, so below zero

-309.17M-174.88M-154.99M-181.76M

Depreciation and amortisation

49.13M65.34M68.92M78.82M

Free cash flow

operating cash flow plus capital expenditure

163.35M325.09M17.05M19.63M