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HEC Group Overview
About HEC Group
Guangdong HEC Technology Holding Co Ltd is engaged in the manufacture and distribution of electronic materials and alloy materials. The company's products consist of high-purity aluminum, electrode foil, hydrophilic foil and coatings for hydrophilic foil, aluminum electrolytic capacitors, soft magnetic materials, and electrochemical products.
Founded
1993
HQ
Employees
5.6K
Website
Financials (LTM)
EV
$18B
HEC Group Financials
HEC Group reported last 12-month revenue of $2B and EBITDA of $334M.
In the same LTM period, HEC Group generated $460M in gross profit, $334M in EBITDA, and $216M in net income.
Revenue (LTM)
HEC Group P&L
In the most recent fiscal year, HEC Group reported revenue of $2B and EBITDA of $190M.
HEC Group 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 | $460M | XXX | $258M | XXX | XXX | XXX |
| Gross Margin | 20% | XXX | 15% | XXX | XXX | XXX |
| EBITDA | $334M | XXX | $190M | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 11% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $216M | XXX | $54M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $812M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
HEC Group Stock Performance
HEC Group has current market cap of $16B, and enterprise value of $18B.
Market Cap Evolution
HEC Group's stock price is $5.48.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18B | $16B | 0.0% | XXX | XXX | XXX | $0.02 |
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Start Free TrialHEC Group Valuation Multiples
HEC Group trades at 7.8x EV/Revenue multiple, and 53.4x EV/EBITDA.
EV / Revenue (LTM)
HEC Group Financial Valuation Multiples
As of March 7, 2026, HEC Group has market cap of $16B and EV of $18B.
Equity research analysts estimate HEC Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HEC Group has a P/E ratio of 76.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $16B | XXX | $16B | XXX | XXX | XXX |
| EV (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV/Revenue | 7.8x | XXX | 10.1x | XXX | XXX | XXX |
| EV/EBITDA | 53.4x | XXX | 93.9x | XXX | XXX | XXX |
| EV/EBIT | 75.1x | XXX | 180.8x | XXX | XXX | XXX |
| EV/Gross Profit | 38.7x | XXX | 69.0x | XXX | XXX | XXX |
| P/E | 76.5x | XXX | 303.4x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (213.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified HEC Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
HEC Group Margins & Growth Rates
HEC Group's revenue in the last 12 month grew by 30%.
HEC Group's revenue per employee in the last FY averaged $0.4M.
HEC Group's rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
HEC Group's rule of X is 89% (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).
HEC Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 30% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | 44% | XXX | 61% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 44% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 89% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | 1% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 9% | XXX | XXX | XXX |
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HEC Group Public Comps
See public comps and valuation multiples for other Advanced Materials and Electronic Components comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ibiden | XXX | XXX | XXX | XXX | XXX | XXX |
| LY iTECH | XXX | XXX | XXX | XXX | XXX | XXX |
| Pidilite | XXX | XXX | XXX | XXX | XXX | XXX |
| Nidec | XXX | XXX | XXX | XXX | XXX | XXX |
| Chaozhou Three-Circle | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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HEC Group M&A Activity
HEC Group acquired XXX companies to date.
Last acquisition by HEC Group was on XXXXXXXX, XXXXX. HEC Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by HEC Group
| 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 TrialHEC Group Investment Activity
HEC Group invested in XXX companies to date.
HEC Group made its latest investment on XXXXXXXX, XXXXX. HEC Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by HEC Group
| 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 HEC Group
| When was HEC Group founded? | HEC Group was founded in 1993. |
| Where is HEC Group headquartered? | HEC Group is headquartered in China. |
| How many employees does HEC Group have? | As of today, HEC Group has over 5K employees. |
| Is HEC Group publicly listed? | Yes, HEC Group is a public company listed on Shanghai Stock Exchange. |
| What is the stock symbol of HEC Group? | HEC Group trades under 600673 ticker. |
| When did HEC Group go public? | HEC Group went public in 1993. |
| Who are competitors of HEC Group? | HEC Group main competitors are Ibiden, LY iTECH, Pidilite, Nidec. |
| What is the current market cap of HEC Group? | HEC Group's current market cap is $16B. |
| What is the current revenue of HEC Group? | HEC Group's last 12 months revenue is $2B. |
| What is the current revenue growth of HEC Group? | HEC Group revenue growth (NTM/LTM) is 30%. |
| What is the current EV/Revenue multiple of HEC Group? | Current revenue multiple of HEC Group is 7.8x. |
| Is HEC Group profitable? | Yes, HEC Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of HEC Group? | HEC Group's last 12 months EBITDA is $334M. |
| What is HEC Group's EBITDA margin? | HEC Group's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of HEC Group? | Current EBITDA multiple of HEC Group is 53.4x. |
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