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Hangzhou First Applied Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hangzhou First Applied and similar public comparables like Hangzhou Silan, Kinsus, KemaTek Technical Ceramics, Shenzhen Fastprint and more.
Hangzhou First Applied Overview
About Hangzhou First Applied
Hangzhou First Applied Material Co Ltd is a China-based company engaged in the production of solar cell adhesive film, solar cell backplane, photosensitive dry film, flexible copper clad laminate, silicone material, hot melt adhesive film (hot melt adhesive), hot melt web film (double-sided adhesive), clothing accessories (lining cloth); sales of solar cell modules, cells, polysilicon, polymer materials, and chemical raw materials and products.
Founded
2003
HQ
Employees
4.7K
Website
Financials (LTM)
EV
$6B
Hangzhou First Applied Financials
Hangzhou First Applied reported last 12-month revenue of $2B and EBITDA of $241M.
In the same LTM period, Hangzhou First Applied generated $329M in gross profit, $241M in EBITDA, and $148M in net income.
Revenue (LTM)
Hangzhou First Applied P&L
In the most recent fiscal year, Hangzhou First Applied reported revenue of $2B and EBITDA of $207M.
Hangzhou First Applied expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $329M | XXX | $249M | XXX | XXX | XXX |
| Gross Margin | 14% | XXX | 11% | XXX | XXX | XXX |
| EBITDA | $241M | XXX | $207M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $148M | XXX | $113M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $64M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hangzhou First Applied Stock Performance
Hangzhou First Applied has current market cap of $7B, and enterprise value of $6B.
Market Cap Evolution
Hangzhou First Applied's stock price is $2.52.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $7B | 0.0% | XXX | XXX | XXX | $0.04 |
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Start Free TrialHangzhou First Applied Valuation Multiples
Hangzhou First Applied trades at 2.4x EV/Revenue multiple, and 24.4x EV/EBITDA.
EV / Revenue (LTM)
Hangzhou First Applied Financial Valuation Multiples
As of April 19, 2026, Hangzhou First Applied has market cap of $7B and EV of $6B.
Equity research analysts estimate Hangzhou First Applied's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hangzhou First Applied has a P/E ratio of 44.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 2.4x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 24.4x | XXX | 28.3x | XXX | XXX | XXX |
| EV/EBIT | 34.8x | XXX | 42.5x | XXX | XXX | XXX |
| EV/Gross Profit | 17.8x | XXX | 23.6x | XXX | XXX | XXX |
| P/E | 44.4x | XXX | 58.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 39.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hangzhou First Applied Valuation Multiples
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Hangzhou First Applied Margins & Growth Rates
Hangzhou First Applied's revenue in the last 12 month grew by 23%.
Hangzhou First Applied's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.0M for the same period.
Hangzhou First Applied's rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hangzhou First Applied's rule of X is 73% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Hangzhou First Applied Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 23% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 52% | XXX | 63% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 73% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hangzhou First Applied Public Comps
See public comps and valuation multiples for other Industrial Parts and Semiconductors comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hangzhou First Applied | XXX | XXX | XXX | XXX | XXX | XXX |
| Hangzhou Silan | XXX | XXX | XXX | XXX | XXX | XXX |
| Kinsus | XXX | XXX | XXX | XXX | XXX | XXX |
| KemaTek Technical Ceramics | XXX | XXX | XXX | XXX | XXX | XXX |
| Shenzhen Fastprint | XXX | XXX | XXX | XXX | XXX | XXX |
| Gates Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hangzhou First Applied M&A Activity
Hangzhou First Applied acquired XXX companies to date.
Last acquisition by Hangzhou First Applied was on XXXXXXXX, XXXXX. Hangzhou First Applied acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hangzhou First Applied
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHangzhou First Applied Investment Activity
Hangzhou First Applied invested in XXX companies to date.
Hangzhou First Applied made its latest investment on XXXXXXXX, XXXXX. Hangzhou First Applied invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hangzhou First Applied
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Hangzhou First Applied
| When was Hangzhou First Applied founded? | Hangzhou First Applied was founded in 2003. |
| Where is Hangzhou First Applied headquartered? | Hangzhou First Applied is headquartered in China. |
| How many employees does Hangzhou First Applied have? | As of today, Hangzhou First Applied has over 4K employees. |
| Is Hangzhou First Applied publicly listed? | Yes, Hangzhou First Applied is a public company listed on Shanghai Stock Exchange. |
| What is the stock symbol of Hangzhou First Applied? | Hangzhou First Applied trades under 603806 ticker. |
| When did Hangzhou First Applied go public? | Hangzhou First Applied went public in 2014. |
| Who are competitors of Hangzhou First Applied? | Hangzhou First Applied main competitors are Hangzhou Silan, Kinsus, KemaTek Technical Ceramics, Shenzhen Fastprint. |
| What is the current market cap of Hangzhou First Applied? | Hangzhou First Applied's current market cap is $7B. |
| What is the current revenue of Hangzhou First Applied? | Hangzhou First Applied's last 12 months revenue is $2B. |
| What is the current revenue growth of Hangzhou First Applied? | Hangzhou First Applied revenue growth (NTM/LTM) is 23%. |
| What is the current EV/Revenue multiple of Hangzhou First Applied? | Current revenue multiple of Hangzhou First Applied is 2.4x. |
| Is Hangzhou First Applied profitable? | Yes, Hangzhou First Applied is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hangzhou First Applied? | Hangzhou First Applied's last 12 months EBITDA is $241M. |
| What is Hangzhou First Applied's EBITDA margin? | Hangzhou First Applied's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Hangzhou First Applied? | Current EBITDA multiple of Hangzhou First Applied is 24.4x. |
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