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Tongwei is the world's largest polysilicon producer and a leading solar cell and module supplier. The solar business contributed more than 60% of revenue in 2024. In addition, Tongwei runs a feed and food business, which made up 35% of revenue in 2024.
1995
25.5K+
LTM Revenue $13.1B
LTM EBITDA $712M
$17.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Tongwei has a last 12-month revenue (LTM) of $13.1B and a last 12-month EBITDA of $712M.
In the most recent fiscal year, Tongwei achieved revenue of $12.8B and an EBITDA of $76.6M.
Tongwei expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Tongwei valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $13.1B | XXX | $12.8B | XXX | XXX | XXX |
| Gross Profit | $935M | XXX | $816M | XXX | XXX | XXX |
| Gross Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| EBITDA | $712M | XXX | $76.6M | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 1% | XXX | XXX | XXX |
| EBIT | -$763M | XXX | -$199M | XXX | XXX | XXX |
| EBIT Margin | -6% | XXX | -2% | XXX | XXX | XXX |
| Net Profit | -$785M | XXX | -$977M | XXX | XXX | XXX |
| Net Margin | -6% | XXX | -8% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $7.2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Tongwei's stock price is CNY 16 (or $2).
Tongwei has current market cap of CNY 73.3B (or $10.2B), and EV of CNY 125B (or $17.4B).
See Tongwei trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17.4B | $10.2B | XXX | XXX | XXX | XXX | $-0.17 |
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Start Free TrialAs of May 30, 2025, Tongwei has market cap of $10.2B and EV of $17.4B.
Tongwei's trades at 1.4x EV/Revenue multiple, and 227.3x EV/EBITDA.
Equity research analysts estimate Tongwei's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tongwei has a P/E ratio of -13.0x.
See valuation multiples for Tongwei and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10.2B | XXX | $10.2B | XXX | XXX | XXX |
| EV (current) | $17.4B | XXX | $17.4B | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 24.4x | XXX | 227.3x | XXX | XXX | XXX |
| EV/EBIT | -22.8x | XXX | -87.5x | XXX | XXX | XXX |
| EV/Gross Profit | 18.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | -13.0x | XXX | -10.4x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -4.6x | 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 TrialTongwei's last 12 month revenue growth is 11%
Tongwei's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $40K for the same period.
Tongwei's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tongwei's rule of X is 34% (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 Tongwei and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Growth | 113% | XXX | -49% | XXX | XXX | XXX |
| Rule of 40 | 32% | XXX | 12% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 34% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $40K | 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 | 2% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 8% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Fertiglobe | XXX | XXX | XXX | XXX | XXX | XXX |
| Hydratec Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Brazil Potash | XXX | XXX | XXX | XXX | XXX | XXX |
| House of Agriculture | XXX | XXX | XXX | XXX | XXX | XXX |
| Gujarat State Fertilizers & Chemicals | 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.
Tongwei acquired XXX companies to date.
Last acquisition by Tongwei was XXXXXXXX, XXXXX XXXXX XXXXXX . Tongwei 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 Tongwei founded? | Tongwei was founded in 1995. |
| Where is Tongwei headquartered? | Tongwei is headquartered in China. |
| How many employees does Tongwei have? | As of today, Tongwei has 25.5K+ employees. |
| Who is the CEO of Tongwei? | Tongwei's CEO is Ms. Shuqi Liu. |
| Is Tongwei publicy listed? | Yes, Tongwei is a public company listed on SHG. |
| What is the stock symbol of Tongwei? | Tongwei trades under 600438 ticker. |
| When did Tongwei go public? | Tongwei went public in 2004. |
| Who are competitors of Tongwei? | Similar companies to Tongwei include e.g. Fertiglobe, Hydratec Industries, Brazil Potash, House of Agriculture. |
| What is the current market cap of Tongwei? | Tongwei's current market cap is $10.2B |
| What is the current revenue of Tongwei? | Tongwei's last 12 months revenue is $13.1B. |
| What is the current revenue growth of Tongwei? | Tongwei revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Tongwei? | Current revenue multiple of Tongwei is 1.3x. |
| Is Tongwei profitable? | Yes, Tongwei is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tongwei? | Tongwei's last 12 months EBITDA is $712M. |
| What is Tongwei's EBITDA margin? | Tongwei's last 12 months EBITDA margin is 5%. |
| What is the current EV/EBITDA multiple of Tongwei? | Current EBITDA multiple of Tongwei is 24.4x. |
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