Latest Ratios: P/E Ratio 62.6x · EV/EBITDA 85.6x · ROE 2.9%. (2021–2023 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Market Cap | $59M | — | — | — |
| Enterprise Value | $85M | — | — | — |
| P/E Ratio → | 62.62 | — | — | — |
| P/S Ratio | 0.09 | — | — | — |
| P/B Ratio | 1.85 | — | — | — |
| P/FCF | — | — | — | — |
| P/OCF | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| EV / Revenue | — | — | — | — |
| EV / EBITDA | 85.60 | — | — | — |
| EV / EBIT | 128.75 | — | — | — |
| EV / FCF | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Gross Margin | 0.7% | 0.7% | 0.6% | 0.5% |
| Operating Margin | 0.1% | 0.1% | 0.2% | -0.3% |
| Net Profit Margin | 0.1% | 0.1% | 0.4% | -0.1% |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ROE | 2.9% | 2.9% | 8.8% | -4.4% |
| ROA | 1.2% | 1.2% | 2.9% | -0.9% |
| ROIC | 0.9% | 0.9% | 1.7% | — |
| ROCE | 2.0% | 2.0% | 5.5% | -11.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Debt / Equity | 0.80 | 0.80 | 0.76 | 3.25 |
| Debt / EBITDA | 25.98 | 25.98 | 16.67 | — |
| Net Debt / Equity | — | 0.79 | 0.72 | 3.22 |
| Net Debt / EBITDA | 25.70 | 25.70 | 15.78 | — |
| Debt / FCF | — | — | — | 0.86 |
| Interest Coverage | 7.86 | 7.86 | — | -2.69 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Current Ratio | 0.31 | 0.31 | 0.98 | 1.12 |
| Quick Ratio | 0.30 | 0.30 | 0.97 | 1.12 |
| Cash Ratio | 0.00 | 0.00 | 0.03 | 0.01 |
| Asset Turnover | — | 7.50 | 7.38 | 7.48 |
| Inventory Turnover | 764.37 | 764.37 | 1337.57 | 6792.86 |
| Days Sales Outstanding | — | 7.13 | 17.17 | 13.99 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Earnings Yield | 1.6% | — | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 20.6% | — | — | — |
| Total Shareholder Yield | 20.6% | — | — | — |
| Shares Outstanding | — | $22M | $22M | $22M |
Extreme liquidity and margin sensitivity
Based on reported figures, NPT trades at a 53.97 P/E ratio, which appears disconnected from its 0.14% net margin and suggests that investors may be mispricing the company as a high-growth technology entity rather than a low-margin, high-volume commodity intermediary with significant operational risks.
The current EV/EBITDA multiple of 77.33 implies an expectation of significant future earnings expansion that is not supported by the company's razor-thin profitability profile. Investors should monitor whether this valuation premium is based on speculative growth assumptions that fail to account for the inherent volatility of the Chinese industrial commodity market.
As reported in financial statements, NPT maintains a structural gross margin of 0.72%, which indicates that the firm lacks meaningful pricing power and remains entirely dependent on high-volume throughput to cover its fixed costs in a highly competitive and commoditized industrial supply chain environment.
The 0.10% operating margin suggests that even minor fluctuations in logistics or administrative expenses could push the company into a net loss position. This profile implies that any potential for margin expansion is severely constrained by the nature of its back-to-back trading model, which offers little room for value-added differentiation.
According to recent SEC filings, NPT holds a cash balance of only $272,895 against $672 million in annual revenue, creating an exceptionally thin liquidity buffer that leaves the firm highly vulnerable to counterparty defaults or sudden disruptions in the availability of essential trade financing.
The extreme disparity between transactional volume and liquid reserves suggests that the company operates with almost no margin for error in its working capital management. This liquidity position warrants further investigation, as any delay in receivables collection could immediately jeopardize the firm's ability to meet its short-term operational obligations.
As indicated by the company's financial profile, the P/E ratio is the most commonly misapplied metric for NPT, as it obscures the firm's true nature as a high-volume commodity utility where net income is a residual byproduct of massive throughput rather than a reflection of core operational efficiency.
Analysts should instead focus on the spread per tonne and inventory turnover ratios to gauge the underlying health of the business model. Relying on traditional earnings multiples for a company with a 0.14% net margin risks ignoring the significant off-balance-sheet risks associated with its reliance on trade credit and commodity price fluctuations.
Includes 30+ ratios · 3 years · Updated daily
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Quick answers to the most common questions about buying NPT stock.
Texxon Holding Limited Ordinary shares's current P/E ratio is 62.6x. This places it at the 50th percentile of its historical range.
Texxon Holding Limited Ordinary shares's current EV/EBITDA is 85.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Texxon Holding Limited Ordinary shares's return on equity (ROE) is 2.9%. The historical average is 2.5%.
Based on historical data, Texxon Holding Limited Ordinary shares is trading at a P/E of 62.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Texxon Holding Limited Ordinary shares has 0.7% gross margin and 0.1% operating margin.
Texxon Holding Limited Ordinary shares's Debt/EBITDA ratio is 26.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.