Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company is a pulp and paper manufacturing group specializing in the integrated production of pulp and paper, with main products including various kinds of environmentally friendly packaging paper, printing and writing paper, high-end virgin paper, and products from the entire upstream and downstream production chain. Covering the full industry spectrum, it offers kraftlinerboard, testlinerboard, white top linerboard, coated linerboard, bleached folding boxboard, high-performance corrugating medium, coated duplex board, gypsum board cover paper, and more.
2005
27.5K+
LTM Revenue $10.1B
LTM EBITDA $1.3B
$12.7B
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As of October 2025, Nine Dragons Paper Hldgs reported last 12-month revenue of $10.1B and EBITDA of $1.3B.
In the same period, Nine Dragons Paper Hldgs generated $1.2B in LTM gross profit and $343M in net income.
See Nine Dragons Paper Hldgs valuation multiples based on analyst estimatesIn the most recent fiscal year, Nine Dragons Paper Hldgs reported revenue of $8.1B and EBITDA of $1.0B.
Nine Dragons Paper Hldgs expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See Nine Dragons Paper Hldgs valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $10.1B | XXX | $8.1B | XXX | XXX | XXX |
| Gross Profit | $1.2B | XXX | $931M | XXX | XXX | XXX |
| Gross Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| EBITDA | $1.3B | XXX | $1.0B | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBIT | $671M | XXX | $517M | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $343M | XXX | $227M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $8.3B | XXX | XXX | XXX |
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Nine Dragons Paper Hldgs has current market cap of HKD 27.0B (or $3.5B), and EV of HKD 99.2B (or $12.7B).
As of November 25, 2025, Nine Dragons Paper Hldgs's stock price is HKD 6 (or $1).
See Nine Dragons Paper Hldgs trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $12.7B | $3.5B | XXX | XXX | XXX | XXX | $0.07 |
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Start Free TrialNine Dragons Paper Hldgs's trades at 1.6x EV/Revenue multiple, and 14.1x EV/EBITDA.
See valuation multiples for Nine Dragons Paper Hldgs and 15K+ public compsAs of November 25, 2025, Nine Dragons Paper Hldgs has market cap of $3.5B and EV of $12.7B.
Equity research analysts estimate Nine Dragons Paper Hldgs's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nine Dragons Paper Hldgs has a P/E ratio of 11.1x.
| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3.5B | XXX | $3.5B | XXX | XXX | XXX |
| EV (current) | $12.7B | XXX | $12.7B | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 11.0x | XXX | 14.1x | XXX | XXX | XXX |
| EV/EBIT | 20.8x | XXX | 29.6x | XXX | XXX | XXX |
| EV/Gross Profit | 11.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 11.1x | XXX | 21.4x | XXX | XXX | XXX |
| EV/FCF | -14.0x | XXX | -8.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNine Dragons Paper Hldgs's last 12 month revenue growth is 8%
Nine Dragons Paper Hldgs's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $15K for the same period.
Nine Dragons Paper Hldgs's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nine Dragons Paper Hldgs's rule of X is 32% (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).
See operational valuation multiples for Nine Dragons Paper Hldgs and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | 24% | XXX | XXX | XXX |
| Rule of 40 | 19% | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $15K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 5% | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Interwood-Xylemporia | XXX | XXX | XXX | XXX | XXX | XXX |
| Aditya Birla Real Estate | XXX | XXX | XXX | XXX | XXX | XXX |
| Celulosa Argentina | XXX | XXX | XXX | XXX | XXX | XXX |
| Fazerles | XXX | XXX | XXX | XXX | XXX | XXX |
| Klabin | 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.
Nine Dragons Paper Hldgs acquired XXX companies to date.
Last acquisition by Nine Dragons Paper Hldgs was XXXXXXXX, XXXXX XXXXX XXXXXX . Nine Dragons Paper Hldgs acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Nine Dragons Paper Hldgs founded? | Nine Dragons Paper Hldgs was founded in 2005. |
| Where is Nine Dragons Paper Hldgs headquartered? | Nine Dragons Paper Hldgs is headquartered in Hong Kong. |
| How many employees does Nine Dragons Paper Hldgs have? | As of today, Nine Dragons Paper Hldgs has 27.5K+ employees. |
| Who is the CEO of Nine Dragons Paper Hldgs? | Nine Dragons Paper Hldgs's CEO is Mr. Ming Chung Liu. |
| Is Nine Dragons Paper Hldgs publicy listed? | Yes, Nine Dragons Paper Hldgs is a public company listed on HKG. |
| What is the stock symbol of Nine Dragons Paper Hldgs? | Nine Dragons Paper Hldgs trades under 02689 ticker. |
| When did Nine Dragons Paper Hldgs go public? | Nine Dragons Paper Hldgs went public in 2006. |
| Who are competitors of Nine Dragons Paper Hldgs? | Similar companies to Nine Dragons Paper Hldgs include e.g. Interwood-Xylemporia, Aditya Birla Real Estate, Celulosa Argentina, Fazerles. |
| What is the current market cap of Nine Dragons Paper Hldgs? | Nine Dragons Paper Hldgs's current market cap is $3.5B |
| What is the current revenue of Nine Dragons Paper Hldgs? | Nine Dragons Paper Hldgs's last 12 months revenue is $10.1B. |
| What is the current revenue growth of Nine Dragons Paper Hldgs? | Nine Dragons Paper Hldgs revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Nine Dragons Paper Hldgs? | Current revenue multiple of Nine Dragons Paper Hldgs is 1.4x. |
| Is Nine Dragons Paper Hldgs profitable? | Yes, Nine Dragons Paper Hldgs is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nine Dragons Paper Hldgs? | Nine Dragons Paper Hldgs's last 12 months EBITDA is $1.3B. |
| What is Nine Dragons Paper Hldgs's EBITDA margin? | Nine Dragons Paper Hldgs's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Nine Dragons Paper Hldgs? | Current EBITDA multiple of Nine Dragons Paper Hldgs is 11.0x. |
| What is the current FCF of Nine Dragons Paper Hldgs? | Nine Dragons Paper Hldgs's last 12 months FCF is -$999M. |
| What is Nine Dragons Paper Hldgs's FCF margin? | Nine Dragons Paper Hldgs's last 12 months FCF margin is -10%. |
| What is the current EV/FCF multiple of Nine Dragons Paper Hldgs? | Current FCF multiple of Nine Dragons Paper Hldgs is -14.0x. |
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