Xiamen Golden Egret Special Alloy Revenue, Valuation, Funding & Investors

Xiamen Golden Egret Special Alloy is valued at $7.1B as of May 2020, a 15.4x multiple on its last reported $461M revenue.

Last Xiamen Golden Egret Special Alloy valuation

$7.1B

Secondary · May 2020

Xiamen Golden Egret Special Alloy revenue

$461M

Secondary · May 2020

Key investors in Xiamen Golden Egret Special Alloy

Xiamen Golden Egret Special Alloy Overview

About Xiamen Golden Egret Special Alloy

Xiamen Golden Egret Special Alloy is a Xiamen-based manufacturer producing tungsten powders and related products. Through gesac.com.cn, it supplies cemented carbide materials, thermal spray powders, and precision tools to global industries including mining, aerospace, and machining.


Founded

1989

HQ

ChinaXiamen

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$461M (May 2020)

Valuation

$7.1B (May 2020)

Xiamen Golden Egret Special Alloy Valuation

Xiamen Golden Egret Special Alloy is currently valued at $7.1B, based on its secondary sale in May 2020.

The $72M round was led by Xiamen Tungsten.

Xiamen Golden Egret Special Alloy valuation by funding round

Xiamen Golden Egret Special Alloy valuation by funding round
DateStageValuationRevenue Multiple
May 2020Secondary$7.1B15.4x

Xiamen Golden Egret Special Alloy Revenue

Xiamen Golden Egret Special Alloy's latest recorded revenue is $461M, as of its secondary sale in May 2020. At a $7.1B valuation, that implies a 15.4x revenue multiple.

Xiamen Golden Egret Special Alloy revenue by funding round

Xiamen Golden Egret Special Alloy revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2020$461M$7.1B15.4xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Xiamen Golden Egret Special Alloy Funding History

Xiamen Golden Egret Special Alloy has 1 recorded secondary share sale and no primary funding rounds.

Xiamen Golden Egret Special Alloy funding rounds

Xiamen Golden Egret Special Alloy funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2020SecondaryXiamen Tungsten (lead)$72M$7.1BXiamen Golden Egret Special Alloy Co., Ltd. is a Chinese company specializing in special alloys, particularly tungsten-related products, formed as a joint venture in 2005 to secure tungsten supply. On May 13, 2020, Xiamen Tungsten Co., Ltd. agreed to acquire an additional 10% stake from Sandvik Machining Solutions AB for CNY 490 million ($70 million), implying a full company valuation of CNY 4.9 billion. The transaction was approved by Xiamen Tungsten's board on May 14, 2020, and shareholders on May 29, 2020, and completed on July 1, 2020, increasing Xiamen Tungsten's ownership to 70% while Sandvik exited completely. In 2019, Xiamen Golden Egret recorded revenue of CNY 3.177 billion, total assets of CNY 3.903 billion, net profit of CNY 265 million, and total common equity of CNY 2.4 billion. Ernst & Young served as financial advisor to Sandvik. The deal aligned with Xiamen Tungsten's strategy to consolidate control over the tungsten carbide producer.

Who has invested in Xiamen Golden Egret Special Alloy?

1 investor has backed Xiamen Golden Egret Special Alloy across its funding rounds, including Xiamen Tungsten.

Lead investors include Xiamen Tungsten.


Xiamen Golden Egret Special Alloy Investors

Investors in Xiamen Golden Egret Special Alloy by funding rounds participated
InvestorHQRoundsRoleFirst check

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Xiamen Golden Egret Special Alloy Competitors

Xiamen Golden Egret Special Alloy competitors include listed companies like Bachem, ICL Group, Sandfire Resources and SICC, and private ones like GFCL EV and Lingbao Wason Copper Foil.

Public and private companies comparable to Xiamen Golden Egret Special Alloy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GFCL EVIndiaIndiaPrivate--$2.7B-
BachemSwitzerlandSwitzerlandPublicly listed$846M$248M$7.1B6.8x
ICL GroupIsraelIsraelPublicly listed$7.2B$1.2B$7.1B1.3x
Sandfire ResourcesAustraliaAustraliaPublicly listed$1.6B$866M$7.1B3.9x
SICCChinaChinaPublicly listed$218M$23M$7.1B21.1x
Lingbao Wason Copper FoilChinaLingbaoPrivate$280M-$6B21.5x

Xiamen Golden Egret Special Alloy Public Comps

Xiamen Golden Egret Special Alloy is still privately-owned, but its public comps include Bachem, ICL Group, Sandfire Resources, SICC, B2Gold, Discovery Silver, Northam Platinum Holdings, Axalta Coating Systems, OR Royalties and Cleveland-Cliffs.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bachem$846M$248M8.6x6.8x29.4x22.5x
ICL Group$7.2B$1.2B1.4x1.3x8.6x6.2x
Sandfire Resources$1.6B$866M4.1x3.9x7.8x7.3x
SICC$218M$23M31.7x21.1x306.3x81.0x
B2Gold$3.1B$1.5B2.4x2.0x4.9x3.4x
Discovery Silver$653M$290M10.4x-23.4x-
Northam Platinum Holdings$3.3B$1.2B2.1x2.0x5.9x6.2x
Axalta Coating Systems$5.1B$1B1.8x1.8x9.3x8.3x

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Common questions about Xiamen Golden Egret Special Alloy

When was Xiamen Golden Egret Special Alloy founded?Xiamen Golden Egret Special Alloy was founded in 1989.
Where is Xiamen Golden Egret Special Alloy headquartered?Xiamen Golden Egret Special Alloy is headquartered in Xiamen, China.
Is Xiamen Golden Egret Special Alloy publicly listed?No, Xiamen Golden Egret Special Alloy is a private, VC-backed company.
What is Xiamen Golden Egret Special Alloy's valuation?Xiamen Golden Egret Special Alloy was last valued at $7.1B in its secondary sale in May 2020.
Who are Xiamen Golden Egret Special Alloy's investors?Xiamen Golden Egret Special Alloy's investors include Xiamen Tungsten.
What is Xiamen Golden Egret Special Alloy's revenue?Xiamen Golden Egret Special Alloy's latest recorded revenue is $461M (May 2020).
What is Xiamen Golden Egret Special Alloy's revenue multiple?Xiamen Golden Egret Special Alloy's latest valuation implies a 15.4x revenue multiple ($7.1B valuation on $461M of revenue).
Which companies are comparable to Xiamen Golden Egret Special Alloy?Companies comparable to Xiamen Golden Egret Special Alloy include GFCL EV, Bachem, ICL Group, Sandfire Resources, SICC and Lingbao Wason Copper Foil.

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