Switch theme
Sign up to access all valuation multiples
Tongwei is the largest polysilicon producer in the world. It produced 389 thousand metric tons of polysilicon in 2023, accounting for 27% of total production in China. Polysilicon contributed 32% of revenue and 65% of gross profit in 2023. Tongwei is also a global leading solar cell and module supplier.
1995
25.5K+
LTM Revenue $14.9B
LTM EBITDA $878M
$16.8B
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 of $14.9B and a last 12-month EBITDA of $878M.
In the most recent fiscal year, Tongwei achieved revenue of $19.2B and an EBITDA of $4.0B.
Tongwei expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Tongwei valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $19.2B | $13.8B | XXX | XXX | XXX |
| Gross Profit | $2.4B | $7.5B | XXX | XXX | XXX |
| Gross Margin | 13% | 54% | XXX | XXX | XXX |
| EBITDA | $4.0B | $472M | XXX | XXX | XXX |
| EBITDA Margin | 21% | 3% | XXX | XXX | XXX |
| Net Profit | $1.1B | $3.5B | XXX | XXX | XXX |
| Net Margin | 6% | 26% | XXX | XXX | XXX |
| Net Debt | $1.4B | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of April 15, 2025, Tongwei's stock price is CNY 17 (or $2).
Tongwei has current market cap of CNY 78.3B (or $10.8B), and EV of CNY 122B (or $16.8B).
See Tongwei trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $16.8B | $10.8B | XXX | XXX | XXX | XXX | $-0.12 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Sign UpAs of April 15, 2025, Tongwei has market cap of $10.8B and EV of $16.8B.
Tongwei's trades at 1.1x LTM EV/Revenue multiple, and 19.1x LTM EBITDA.
Analysts estimate Tongwei's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Tongwei and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $16.8B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 35.5x | XXX | XXX | XXX |
| P/E | -12.7x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpTongwei's NTM/LTM revenue growth is 25%
Tongwei's revenue per employee for the last fiscal year averaged $0.8M, while opex per employee averaged $41K for the same period.
Over next 12 months, Tongwei's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Tongwei's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Tongwei and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -28% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -88% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 28% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.8M | XXX | XXX | XXX | XXX |
| Opex per Employee | $41K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 5% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
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 |
| Gujarat State Fertilizers & Chemicals | XXX | XXX | XXX | XXX | XXX | XXX |
| Biotalys | 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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Sign Up| 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, Gujarat State Fertilizers & Chemicals. |
| What is the current market cap of Tongwei? | Tongwei's current market cap is $10.8B |
| What is the current revenue of Tongwei? | Tongwei's last 12-month revenue is $14.9B. |
| What is the current EBITDA of Tongwei? | Tongwei's last 12-month EBITDA is $878M. |
| What is the current EV/Revenue multiple of Tongwei? | Current revenue multiple of Tongwei is 1.1x. |
| What is the current EV/EBITDA multiple of Tongwei? | Current EBITDA multiple of Tongwei is 19.1x. |
| What is the current revenue growth of Tongwei? | Tongwei revenue growth between 2023 and 2024 was -28%. |
| Is Tongwei profitable? | Yes, Tongwei is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
