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Hengan Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hengan Group and similar public comparables like Giant Biogene, e.l.f. Beauty, Unilever Indonesia, Procter & Gamble Hygiene and more.
Hengan Group Overview
About Hengan Group
Hengan International is a leading producer of personal-care products in China. Its business comprises tissue paper products (close to 60% of sales), sanitary napkins (26% of sales), disposable diapers (5% of sales), and others.
Founded
1998
HQ

Employees
24.0K
Website
Sectors
Financials (LTM)
EV
$4B
Hengan Group Financials
Hengan Group reported last 12-month revenue of $3B and EBITDA of $606M.
In the same LTM period, Hengan Group generated $1B in gross profit, $606M in EBITDA, and $369M in net income.
Revenue (LTM)
Hengan Group P&L
In the most recent fiscal year, Hengan Group reported revenue of $3B and EBITDA of $666M.
Hengan Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 34% | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $606M | XXX | $666M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $369M | XXX | $372M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | — | — | $17M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hengan Group Stock Performance
Hengan Group has current market cap of $4B, and enterprise value of $4B.
Market Cap Evolution
Hengan Group's stock price is $3.32.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $4B | 0.0% | XXX | XXX | XXX | $0.32 |
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Start Free TrialHengan Group Valuation Multiples
Hengan Group trades at 1.1x EV/Revenue multiple, and 6.4x EV/EBITDA.
EV / Revenue (LTM)
Hengan Group Financial Valuation Multiples
As of April 20, 2026, Hengan Group has market cap of $4B and EV of $4B.
Equity research analysts estimate Hengan Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hengan Group has a P/E ratio of 10.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 6.4x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBIT | 8.0x | XXX | 7.9x | XXX | XXX | XXX |
| EV/Gross Profit | 3.4x | XXX | 3.4x | XXX | XXX | XXX |
| P/E | 10.4x | XXX | 10.3x | XXX | XXX | XXX |
| EV/FCF | 8.8x | XXX | 8.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hengan Group Valuation Multiples
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Hengan Group Margins & Growth Rates
Hengan Group's revenue in the last 12 month grew by 3%.
Hengan Group's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Hengan Group's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hengan Group's rule of X is 23% (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).
Hengan Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | (3%) | XXX | (12%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 23% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 17% | XXX | 17% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hengan Group Public Comps
See public comps and valuation multiples for other Health & Beauty comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hengan Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Giant Biogene | XXX | XXX | XXX | XXX | XXX | XXX |
| e.l.f. Beauty | XXX | XXX | XXX | XXX | XXX | XXX |
| Unilever Indonesia | XXX | XXX | XXX | XXX | XXX | XXX |
| Procter & Gamble Hygiene | XXX | XXX | XXX | XXX | XXX | XXX |
| Proya Cosmetics | 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.
Hengan Group M&A Activity
Hengan Group acquired XXX companies to date.
Last acquisition by Hengan Group was on XXXXXXXX, XXXXX. Hengan Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hengan 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 TrialHengan Group Investment Activity
Hengan Group invested in XXX companies to date.
Hengan Group made its latest investment on XXXXXXXX, XXXXX. Hengan Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hengan 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 Hengan Group
| When was Hengan Group founded? | Hengan Group was founded in 1998. |
| Where is Hengan Group headquartered? | Hengan Group is headquartered in China. |
| How many employees does Hengan Group have? | As of today, Hengan Group has over 24K employees. |
| Who is the CEO of Hengan Group? | Hengan Group's CEO is Ching Lau Hui. |
| Is Hengan Group publicly listed? | Yes, Hengan Group is a public company listed on HKEX. |
| What is the stock symbol of Hengan Group? | Hengan Group trades under 01044 ticker. |
| When did Hengan Group go public? | Hengan Group went public in 1998. |
| Who are competitors of Hengan Group? | Hengan Group main competitors are Giant Biogene, e.l.f. Beauty, Unilever Indonesia, Procter & Gamble Hygiene. |
| What is the current market cap of Hengan Group? | Hengan Group's current market cap is $4B. |
| What is the current revenue of Hengan Group? | Hengan Group's last 12 months revenue is $3B. |
| What is the current revenue growth of Hengan Group? | Hengan Group revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Hengan Group? | Current revenue multiple of Hengan Group is 1.1x. |
| Is Hengan Group profitable? | Yes, Hengan Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hengan Group? | Hengan Group's last 12 months EBITDA is $606M. |
| What is Hengan Group's EBITDA margin? | Hengan Group's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Hengan Group? | Current EBITDA multiple of Hengan Group is 6.4x. |
| What is the current FCF of Hengan Group? | Hengan Group's last 12 months FCF is $439M. |
| What is Hengan Group's FCF margin? | Hengan Group's last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of Hengan Group? | Current FCF multiple of Hengan Group is 8.8x. |
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