Wafer Works (Shanghai) Co Ltd is engaged in the manufacturing of semiconductor silicon epitaxial wafers in China. Its main products are semiconductor silicon epitaxial wafers and is mainly used to prepare power devices and analog chips, and are widely used in automobiles, communications, electric power, industry, consumer electronics, high-end equipment, and other fields.
1994
n/a
LTM Revenue $185M
LTM EBITDA $53.1M
$2.4B
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As of December 2025, Wafer Works reported last 12-month revenue of $185M and EBITDA of $53.1M.
In the same period, Wafer Works generated $53.4M in LTM gross profit and $18.5M in net income.
See Wafer Works valuation multiples based on analyst estimatesIn the most recent fiscal year, Wafer Works reported revenue of $159M and EBITDA of $62.1M.
Wafer Works expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See Wafer Works valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $185M | XXX | $159M | XXX | XXX | XXX |
| Gross Profit | $53.4M | XXX | $46.2M | XXX | XXX | XXX |
| Gross Margin | 29% | XXX | 29% | XXX | XXX | XXX |
| EBITDA | $53.1M | XXX | $62.1M | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 39% | XXX | XXX | XXX |
| EBIT | $20.7M | XXX | $19.8M | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $18.5M | XXX | $17.3M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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Wafer Works has current market cap of CNY 17.4B (or $2.5B), and EV of CNY 16.9B (or $2.4B).
As of January 19, 2026, Wafer Works's stock price is CNY 26 (or $4).
See Wafer Works trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.4B | $2.5B | XXX | XXX | XXX | XXX | $0.03 |
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Start Free TrialWafer Works's trades at 13.2x EV/Revenue multiple, and 45.8x EV/EBITDA.
See valuation multiples for Wafer Works and 15K+ public compsAs of January 19, 2026, Wafer Works has market cap of $2.5B and EV of $2.4B.
Equity research analysts estimate Wafer Works's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Wafer Works has a P/E ratio of 134.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.5B | XXX | $2.5B | XXX | XXX | XXX |
| EV (current) | $2.4B | XXX | $2.4B | XXX | XXX | XXX |
| EV/Revenue | 13.2x | XXX | 13.2x | XXX | XXX | XXX |
| EV/EBITDA | 45.8x | XXX | 45.8x | XXX | XXX | XXX |
| EV/EBIT | 117.6x | XXX | 117.6x | XXX | XXX | XXX |
| EV/Gross Profit | 45.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 134.7x | XXX | 134.7x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 141.1x | 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 TrialWafer Works's last 12 month revenue growth is 24%
Wafer Works's revenue per employee in the last FY averaged n/a, while opex per employee averaged n/a for the same period.
Wafer Works's rule of 40 is 67% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Wafer Works's rule of X is 89% (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 Wafer Works and other 15K+ public comps| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 26% | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 29% | XXX | XXX | XXX |
| EBITDA Growth | 37% | XXX | -19% | XXX | XXX | XXX |
| Rule of 40 | 67% | XXX | 53% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 89% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 17% | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ASM International | XXX | XXX | XXX | XXX | XXX | XXX |
| ASML | XXX | XXX | XXX | XXX | XXX | XXX |
| Besi | XXX | XXX | XXX | XXX | XXX | XXX |
| 4DS Memory | XXX | XXX | XXX | XXX | XXX | XXX |
| Archer Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Wafer Works acquired XXX companies to date.
Last acquisition by Wafer Works was XXXXXXXX, XXXXX XXXXX XXXXXX . Wafer Works 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 Wafer Works founded? | Wafer Works was founded in 1994. |
| Where is Wafer Works headquartered? | Wafer Works is headquartered in China. |
| Is Wafer Works publicy listed? | Yes, Wafer Works is a public company listed on SHG. |
| What is the stock symbol of Wafer Works? | Wafer Works trades under 688584 ticker. |
| When did Wafer Works go public? | Wafer Works went public in 2024. |
| Who are competitors of Wafer Works? | Similar companies to Wafer Works include e.g. ASM International, ASML, Besi, 4DS Memory. |
| What is the current market cap of Wafer Works? | Wafer Works's current market cap is $2.5B |
| What is the current revenue of Wafer Works? | Wafer Works's last 12 months revenue is $185M. |
| What is the current revenue growth of Wafer Works? | Wafer Works revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Wafer Works? | Current revenue multiple of Wafer Works is 13.2x. |
| Is Wafer Works profitable? | Yes, Wafer Works is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Wafer Works? | Wafer Works's last 12 months EBITDA is $53.1M. |
| What is Wafer Works's EBITDA margin? | Wafer Works's last 12 months EBITDA margin is 29%. |
| What is the current EV/EBITDA multiple of Wafer Works? | Current EBITDA multiple of Wafer Works is 45.8x. |
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