Risk factor
Very poor trading liquidity
Profitability factor
Decent dividends
About
Evermore Chemical Industry Co., Ltd. is a global manufacturer and supplier specializing in polyurethane (PU) resins, particularly for synthetic leather applications, serving markets in China, Taiwan, and internationally. Its extensive product catalog features a diverse range of PU-based materials, including solvent-based and thermoplastic PU components, PU adhesives, and aqueous PU dispersions. The company also provides polyurethane system polyesters, polyisocyanate cross-linking hardeners, polyester polyol components, and UV monomers/oligomers. These chemical solutions are utilized across numerous industries, such as footwear, artificial leather, optical electronics, textiles, adhesives, coatings, paints, inks, tubes, hoses, and optical glass. Established in 1989, Evermore is headquartered in Nantou City, Taiwan, and operates as a subsidiary of Aica Kogyo Company, Limited.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBI