Which companies are Aspial's closest peers?

The cockpit's peer set: Taiwan Paiho (9938.TW), Dai Nippon Toryo (4611.T), Nippon Carbon (5302.T), Guangzhou Jointas Chemical Joint Stock (002909.SZ), Jiangsu Yabang Dyestuff (603188.SS), Jiangsu Jingxue Insulation Technology (301010.SZ), USI (1304.TW), Uzin Utz (UZU.DE).

Is Aspial expensive compared with its peers?

On ev / sales it trades at 1.8× against a peer median of 1.7×, 11th cheapest of 21 in its peer set.

How has Aspial stock performed?

Over six months to 6 Nov 2026 the shares returned +31.3% against -18.0% for the median peer; over one year +41.1%.

← CockpitCompetitor Analysis › A30.SI Aspial Corporation LimitedOpen in the cockpit ↗

Aspial Corporation LimitedA30.SICompetitor analysis, valuation and peers

Singapore · SGD·Materials›Industrial Specialties

Momentum leader 99

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$269M

US dollars, full cap

Free float

14%

of shares outstanding

$/day

$33,227

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-0.5 pp

WACC 5.0%

Hurdle

n/a

no reverse DCF

Close · SGDS$0.15

1D0.0%

1W-2.6%

1M-0.7%

3M+12.7%

6M+31.3%

YTD+43.8%

1Y+41.1%

ATR %1.9%

52w lowhigh13.7% off high

What Aspial does

No business profile yet.

Aspial at a glance

Size Aspial (A30.SI) is a Singapore Materials company (Industrial Specialties) with a market value of $269M, the 143rd largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.15 on 6 Nov 2026.

Performance Over six months the shares gained 31.3%, against -18.0% for the median peer and -1.2% for the Singapore market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 22.6% over the last twelve months (peer median +5.6%); the operating margin is 10.4% (peer median 5.2%).

Valuation It trades at 1.8× enterprise value to sales against a peer median of 1.7× (11th cheapest of 21).

Capital Return on invested capital runs 0.5 points below its cost of capital (5.0% WACC).

Relative performance

Six months, rebased to 100: Aspial against the median of its 20 peers (local-currency closes).

Aspial financials

Reported figures in SGD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	S$952M	S$876M	S$678M	S$600M	S$506M
Revenue growth	—	+29%	+13%	+19%	—
Gross profit	S$215M	S$183M	S$122M	S$95.8M	S$97.5M
EBITDA	S$138M	S$115M	S$95.1M	S$59.9M	S$59.2M
Net income	S$30.7M	S$21.5M	S$3.50M	-S$23.5M	-S$14.7M
Free cash flow	-S$140M	-S$31.9M	-S$57.0M	S$24.4M	S$8.54M
Capital expenditure	S$38.6M	S$38.6M	S$20.1M	S$13.3M	S$20.2M
Total debt	n/a	S$1.53B	S$1.28B	S$1.05B	S$1.06B

Quarterly statements and history in the cockpit →

Aspial competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Aspial is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Aspial is the large dot.

Aspial competitors and peer comparison

How Aspial compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Aspial against its 20 peers (data as of 6 Nov 2026)
Measure	A30.SI	Peer median	Rank in peer set
1-month return	-0.7%	-10.2%	6th highest of 21
6-month return	+31.3%	-18.0%	4th highest of 20
Distance from 52-week high	-13.7%	-33.9%	4th highest of 21
Revenue growth (TTM)	+22.6%	+5.6%	4th highest of 21
Operating margin	10.4%	5.2%	6th highest of 21
EV / Sales	1.8×	1.7×	11th cheapest of 21
ROIC minus cost of capital	-0.5 pp	-2.2 pp	8th highest of 21
EV / EBITDA	12.5×	7.3×	3rd most expensive of 9
Net debt / EBITDA	8.6×	1.5×	2nd most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Aspial A30.SI	Singapore	$269M	+31%	+23%	10%	1.8×	n/a	n/a
Taiwan Paiho 9938.TW	Taiwan	$314M	-23%	-2%	13%	1.5×	n/a	n/a
Dai Nippon Toryo 4611.T	Japan	$321M	+45%	+25%	5%	0.7×	n/a	n/a
Nippon Carbon 5302.T	Japan	$323M	-4%	+3%	12%	1.4×	3.5%	+7.1%
Guangzhou Jointas Chemical Joint Stock 002909.SZ	China	$326M	-16%	-10%	-3%	2.9×	n/a	n/a
Jiangsu Yabang Dyestuff 603188.SS	China	$350M	-22%	+13%	-9%	3.2×	n/a	n/a
Jiangsu Jingxue Insulation Technology 301010.SZ	China	$354M	-1%	-28%	-1%	3.1×	33.3%	+2.2%
USI 1304.TW	Taiwan	$358M	-20%	-14%	-4%	1.0×	n/a	n/a
Uzin Utz UZU.DE	Germany	$369M	-4%	+9%	8%	0.8×	0.4%	+5.7%
Chongqing Sanxia Paints 000565.SZ	China	$371M	-28%	+18%	-12%	5.7×	n/a	n/a
Yung Chi Paint & Varnish Mfg 1726.TW	Taiwan	$371M	0%	-1%	12%	0.9×	-13.1%	+4.1%
Montauk Renewables MNTK	United States	$387M	+86%	+4%	2%	2.8×	n/a	n/a
Focus Hotmelt 301283.SZ	China	$390M	-32%	+28%	8%	0.9×	n/a	n/a
Zhejiang Lanyu Digital Technology 301585.SZ	China	$390M	-18%	+22%	13%	4.7×	n/a	n/a
Aspen Aerogels ASPN	United States	$407M	-4%	-49%	-41%	1.9×	9.9%	+22.0%
Hunan Resun 001218.SZ	China	$408M	-27%	+37%	5%	0.3×	n/a	n/a
Hangzhou Toka Ink 688571.SS	China	$429M	-26%	+4%	7%	1.6×	n/a	n/a
Essentra ESNT.L	United Kingdom	$430M	+37%	+7%	8%	1.3×	18.7%	-19.6%
Praise Victor Industrial 7768.TW	Taiwan	$434M	n/a	+3%	16%	6.2×	n/a	n/a
Sanlux 002224.SZ	China	$458M	-22%	+8%	-4%	2.2×	n/a	n/a
Hubei Xiangyuan New Material Technology 300980.SZ	China	$461M	-52%	+15%	5%	4.3×	21.6%	+13.8%

Questions

Which companies are Aspial's closest peers?: The cockpit's peer set: Taiwan Paiho (9938.TW), Dai Nippon Toryo (4611.T), Nippon Carbon (5302.T), Guangzhou Jointas Chemical Joint Stock (002909.SZ), Jiangsu Yabang Dyestuff (603188.SS), Jiangsu Jingxue Insulation Technology (301010.SZ), USI (1304.TW), Uzin Utz (UZU.DE).
Is Aspial expensive compared with its peers?: On ev / sales it trades at 1.8× against a peer median of 1.7×, 11th cheapest of 21 in its peer set.
How has Aspial stock performed?: Over six months to 6 Nov 2026 the shares returned +31.3% against -18.0% for the median peer; over one year +41.1%.