Hwatsing Technology - Public Comps and Valuation Multiples

Hwatsing Technology Overview

About Hwatsing Technology

Hwatsing Technology Co Ltd is engaged in research and development, production, sales, and technical services of semiconductor special equipment.

Founded

2013

HQ

Employees

1.9K+

Website

hwatsing.com

Sectors

Semiconductors
DeepTech

Financials

LTM Revenue $656M

LTM EBITDA $193M

EV

$9.3B

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Hwatsing Technology Financials

As of December 2025, Hwatsing Technology reported last 12-month revenue of $656M and EBITDA of $193M.

In the same period, Hwatsing Technology generated $289M in LTM gross profit and $172M in net income.

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Hwatsing Technology P&L

In the most recent fiscal year, Hwatsing Technology reported revenue of $487M and EBITDA of $174M.

Hwatsing Technology expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue	$656M	XXX	$487M	XXX	XXX	XXX
Gross Profit	$289M	XXX	$210M	XXX	XXX	XXX
Gross Margin	44%	XXX	43%	XXX	XXX	XXX
EBITDA	$193M	XXX	$174M	XXX	XXX	XXX
EBITDA Margin	29%	XXX	36%	XXX	XXX	XXX
EBIT	$179M	XXX	$155M	XXX	XXX	XXX
EBIT Margin	27%	XXX	32%	XXX	XXX	XXX
Net Profit	$172M	XXX	$146M	XXX	XXX	XXX
Net Margin	26%	XXX	30%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Hwatsing Technology including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $656M. EBITDA for the last twelve months was $193M. In the most recent fiscal year, Hwatsing Technology achieved $487M in revenue and $174M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2026)	Next Fiscal Year (2027)	Two Years Forward (2028)
Total Revenue	$656M	Analyst estimates available to subscribers	$487M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$289M	Analyst estimates available to subscribers	$210M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	44.1% gross margin	Analyst estimates available to subscribers	43.2% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$193M	Analyst estimates available to subscribers	$174M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	29.3% EBITDA margin	Analyst estimates available to subscribers	35.8% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$179M	Analyst estimates available to subscribers	$155M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	27.2% EBIT margin	Analyst estimates available to subscribers	31.8% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$172M	Analyst estimates available to subscribers	$146M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	26.2% net profit margin	Analyst estimates available to subscribers	30.0% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Hwatsing Technology

This financial data table provides comprehensive performance metrics for Hwatsing Technology, a company based in China. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Hwatsing Technology generated $656M in revenue over the last twelve months.
The company achieved $193M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $289M.
Net income over the last twelve months reached $172M.

Fiscal Year Performance

In the most recent fiscal year, Hwatsing Technology reported $487M in total revenue.
Fiscal year EBITDA was $174M.
The company maintained a gross profit margin of 43.2% in the most recent fiscal year.
EBITDA margin for the fiscal year was 35.8%.
Net profit margin reached 30.0% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Hwatsing Technology. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Hwatsing Technology Stock Performance

Hwatsing Technology has current market cap of CNY 69.1B (or $9.9B), and EV of CNY 65.4B (or $9.3B).

Market Cap Evolution

Hwatsing Technology Stock Data

As of January 16, 2026, Hwatsing Technology's stock price is CNY 195 (or $28).

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$9.3B	$9.9B	XXX	XXX	XXX	XXX	$0.49

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Hwatsing Technology Valuation Multiples

Hwatsing Technology's trades at 14.2x EV/Revenue multiple, and 48.5x EV/EBITDA.

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Hwatsing Technology Financial Valuation Multiples

As of January 16, 2026, Hwatsing Technology has market cap of $9.9B and EV of $9.3B.

Equity research analysts estimate Hwatsing Technology's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Hwatsing Technology has a P/E ratio of 57.4x.

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Market cap (current)	$9.9B	XXX	$9.9B	XXX	XXX	XXX
EV (current)	$9.3B	XXX	$9.3B	XXX	XXX	XXX
EV/Revenue	14.2x	XXX	14.2x	XXX	XXX	XXX
EV/EBITDA	48.5x	XXX	48.5x	XXX	XXX	XXX
EV/EBIT	52.3x	XXX	52.3x	XXX	XXX	XXX
EV/Gross Profit	32.3x	XXX	n/a	XXX	XXX	XXX
P/E	57.4x	XXX	57.4x	XXX	XXX	XXX
EV/FCF	n/a	XXX	78.5x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Hwatsing Technology Margins & Growth Rates

Hwatsing Technology's last 12 month revenue growth is 27%

Hwatsing Technology's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $29K for the same period.

Hwatsing Technology's rule of 40 is 62% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Hwatsing Technology's rule of X is 96% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Hwatsing Technology Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue Growth	27%	XXX	24%	XXX	XXX	XXX
EBITDA Margin	29%	XXX	29%	XXX	XXX	XXX
EBITDA Growth	31%	XXX	24%	XXX	XXX	XXX
Rule of 40	62%	XXX	56%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	96%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$29K	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	1%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	11%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	11%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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