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- Nine Dragons Paper
Nine Dragons Paper Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nine Dragons Paper and similar public comparables like West Fraser, UFP Industries, Oji Holdings, Mondi and more.
Nine Dragons Paper Overview
About Nine Dragons Paper
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.
Founded
2005
HQ

Employees
27.5K
Website
Sectors
Financials (LTM)
EV
$15B
Nine Dragons Paper Financials
Nine Dragons Paper reported last 12-month revenue of $10B and EBITDA of $2B.
In the same LTM period, Nine Dragons Paper generated $1B in gross profit, $2B in EBITDA, and $446M in net income.
Revenue (LTM)
Nine Dragons Paper P&L
In the most recent fiscal year, Nine Dragons Paper reported revenue of $9B and EBITDA of $1B.
Nine Dragons Paper expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $10B | XXX | $9B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 15% | XXX | 12% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $446M | XXX | $256M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $9B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nine Dragons Paper Stock Performance
Nine Dragons Paper has current market cap of $5B, and enterprise value of $15B.
Market Cap Evolution
Nine Dragons Paper's stock price is $1.14.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15B | $5B | 0.0% | XXX | XXX | XXX | $0.05 |
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Start Free TrialNine Dragons Paper Valuation Multiples
Nine Dragons Paper trades at 1.5x EV/Revenue multiple, and 9.8x EV/EBITDA.
EV / Revenue (LTM)
Nine Dragons Paper Financial Valuation Multiples
As of March 7, 2026, Nine Dragons Paper has market cap of $5B and EV of $15B.
Equity research analysts estimate Nine Dragons Paper's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nine Dragons Paper has a P/E ratio of 12.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 9.8x | XXX | 13.0x | XXX | XXX | XXX |
| EV/EBIT | 20.1x | XXX | 25.6x | XXX | XXX | XXX |
| EV/Gross Profit | 10.0x | XXX | 14.2x | XXX | XXX | XXX |
| P/E | 12.0x | XXX | 20.8x | XXX | XXX | XXX |
| EV/FCF | (14.7x) | XXX | (14.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nine Dragons Paper 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.


Nine Dragons Paper Margins & Growth Rates
Nine Dragons Paper's revenue in the last 12 month grew by 9%.
Nine Dragons Paper's revenue per employee in the last FY averaged $0.4M.
Nine Dragons Paper's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nine Dragons Paper's rule of X is 39% (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).
Nine Dragons Paper Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 20% | XXX | 53% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 39% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nine Dragons Paper Public Comps
See public comps and valuation multiples for other Paper & Forest Products comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| West Fraser | XXX | XXX | XXX | XXX | XXX | XXX |
| UFP Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Oji Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Mondi | XXX | XXX | XXX | XXX | XXX | XXX |
| Holmen | 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 M&A Activity
Nine Dragons Paper acquired XXX companies to date.
Last acquisition by Nine Dragons Paper was on XXXXXXXX, XXXXX. Nine Dragons Paper acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nine Dragons Paper
| 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 TrialNine Dragons Paper Investment Activity
Nine Dragons Paper invested in XXX companies to date.
Nine Dragons Paper made its latest investment on XXXXXXXX, XXXXX. Nine Dragons Paper invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nine Dragons Paper
| 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 Nine Dragons Paper
| When was Nine Dragons Paper founded? | Nine Dragons Paper was founded in 2005. |
| Where is Nine Dragons Paper headquartered? | Nine Dragons Paper is headquartered in China. |
| How many employees does Nine Dragons Paper have? | As of today, Nine Dragons Paper has over 27K employees. |
| Who is the CEO of Nine Dragons Paper? | Nine Dragons Paper's CEO is Ming Chung Liu. |
| Is Nine Dragons Paper publicly listed? | Yes, Nine Dragons Paper is a public company listed on HKEX. |
| What is the stock symbol of Nine Dragons Paper? | Nine Dragons Paper trades under 02689 ticker. |
| When did Nine Dragons Paper go public? | Nine Dragons Paper went public in 2006. |
| Who are competitors of Nine Dragons Paper? | Nine Dragons Paper main competitors are West Fraser, UFP Industries, Oji Holdings, Mondi. |
| What is the current market cap of Nine Dragons Paper? | Nine Dragons Paper's current market cap is $5B. |
| What is the current revenue of Nine Dragons Paper? | Nine Dragons Paper's last 12 months revenue is $10B. |
| What is the current revenue growth of Nine Dragons Paper? | Nine Dragons Paper revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Nine Dragons Paper? | Current revenue multiple of Nine Dragons Paper is 1.5x. |
| Is Nine Dragons Paper profitable? | Yes, Nine Dragons Paper is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nine Dragons Paper? | Nine Dragons Paper's last 12 months EBITDA is $2B. |
| What is Nine Dragons Paper's EBITDA margin? | Nine Dragons Paper's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of Nine Dragons Paper? | Current EBITDA multiple of Nine Dragons Paper is 9.8x. |
| What is the current FCF of Nine Dragons Paper? | Nine Dragons Paper's last 12 months FCF is ($1B). |
| What is Nine Dragons Paper's FCF margin? | Nine Dragons Paper's last 12 months FCF margin is (10%). |
| What is the current EV/FCF multiple of Nine Dragons Paper? | Current FCF multiple of Nine Dragons Paper is (14.7x). |
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