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Londian Wason New Energy Tech, Inc. Unsponsored ADRFOILCompetitor analysis, valuation and peers

United States · USD·Materials›Other Metals/Minerals

Chinese maker of ultra-thin copper foil used in lithium-ion battery electrodes and printed circuit boards.

≈ A small, foil-focused Chinese SK Nexilis
Mkt cap
$1.11B
US dollars, full cap
$/day
$837,717
20-day average traded
Fwd P/E
13.3×
forward earnings
ROIC−WACC
-2.6 pp
WACC 11.6%
Hurdle
n/a
no reverse DCF
Next earnings
26 days
2 Dec 2026
Close · USD$13.99
1D+11.8%
1W-6.4%
1M-25.1%
3Mn/a
6Mn/a
YTDn/a
1Yn/a
ATR %13.9%
52w lowhigh50.9% off high

What Londian Wason New Energy Tech, Inc. Unsponsored ADR does

Chinese maker of ultra-thin copper foil used in lithium-ion battery electrodes and printed circuit boards.

Copper foil is typically priced as the metal's market cost plus a processing fee, so the fee, not the copper, decides margin, and ultra-thin foil for batteries commands a larger fee than standard grades. The shares trade as an unsponsored American depositary receipt, meaning the company did not itself arrange the US listing.

In one line: A small, foil-focused Chinese SK Nexilis.

Products and services

  • Lithium-ion battery copper foil
  • PCB copper foil
  • Flexible copper clad laminate

Customers

  • Lithium battery cell manufacturers
  • PCB/electronics manufacturers

Where it sits in the supply chain

  • Materials
  • Battery/electronics materials
  • Electrolytic copper foil manufacturing

What could go right

  • EV/battery demand growth for copper foil
  • New PCB/electronics customer wins

What could go wrong

  • Chinese battery materials overcapacity/price competition
  • Customer concentration risk

Moat: narrow (process know-how, scale). Precision electrolytic foil manufacturing know-how, but a capital-intensive, competitive Chinese materials market.

Headquarters: Shenzhen, China · Founded: 2022 · Employees: 2,692

Named competitors

Londian Wason New Energy Tech, Inc. Unsponsored ADR at a glance

Size Londian Wason New Energy Tech, Inc. Unsponsored ADR (FOIL) is a United States Materials company (Other Metals/Minerals) with a market value of $1.11B, the 2184th largest of 3,117 United States companies the cockpit tracks. Shares closed at $13.99 on 6 Nov 2026.

Growth Revenue grew 25.0% over the last twelve months (peer median +23.9%); the operating margin is 4.9% (peer median 6.0%).

Valuation It trades at 13.3× forward earnings against a peer median of 16.7× (4th cheapest of 9).

Capital Return on invested capital runs 2.6 points below its cost of capital (11.6% WACC).

Short interest Short interest is 0.0% of the free float (15 Oct 2026).

Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).

Londian Wason New Energy Tech, Inc. Unsponsored ADR financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024
Revenue$1.85B$1.52B$1.22B
Revenue growth—+25%—
Gross profit$174M$101M$52.7M
EBITDAn/a$90.7M$36.3M
Net income$31.9M$2.69M-$40.9M
Free cash flown/a-$113M-$147M
Capital expendituren/a$101M$129M
Total debtn/a$1.47B$1.39B

Quarterly statements and history in the cockpit →

Londian Wason New Energy Tech, Inc. Unsponsored ADR 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.

Fundamentals: revenue growth against valuation

+20%+40%+60%+80%10×20×AFM603124GRAVITAJAINRECUSA2362AMG300618FOILRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Londian Wason New Energy Tech, Inc. Unsponsored ADR is the large dot.

Londian Wason New Energy Tech, Inc. Unsponsored ADR competitors and peer comparison

Head to head with its named competitors (FOIL vs 006400.KS vs 600110.SS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Londian Wason New Energy Tech, Inc. Unsponsored ADR FOIL$1.11Bn/a+25%5%13.3×n/a
Samsung Sdi 006400.KS$26.8B-33%+21%0%45.9×n/a
Nuode New Materials 600110.SS$2.21B-22%+100%4%37.0×n/a

How Londian Wason New Energy Tech, Inc. Unsponsored ADR 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.

Londian Wason New Energy Tech, Inc. Unsponsored ADR against its 20 peers (data as of 6 Nov 2026)
MeasureFOILPeer medianRank in peer set
1-month return-25.1%-15.9%4th lowest of 21
Distance from 52-week high-50.9%-46.9%10th lowest of 21
Revenue growth (TTM)+25.0%+23.9%8th highest of 16
Operating margin4.9%6.0%9th highest of 17
Forward P/E13.3×16.7×4th cheapest of 9
ROIC minus cost of capital-2.6 pp-6.5 pp7th highest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Londian Wason New Energy Tech, Inc. Unsponsored ADR FOILUnited States$1.11Bn/a+25%5%13.3×n/an/a
Alphamin Resources AFM.VCanada$1.12B-15%+45%54%4.1×n/an/a
Xizang Zhihui Mining 2546.HKHong Kong$1.08B+8%+104%28%n/a32.8%+6.0%
Uranium Royalty UROYUnited States$1.16B-24%+1,570%27%n/a17.4%+161.8%
Jiangxi Jiangnan New Material Technology 603124.SSChina$1.16B-37%+19%3%18.6×n/an/a
Zimplats ZIM.AXAustralia$1.06B-15%+50%33%n/a-15.0%+1.1%
Collective Mining CNL.TOCanada$1.17B-22%n/an/an/an/an/a
Gravita India GRAVITA.NSIndia$1.17B-17%+24%8%24.7×n/an/a
Jain Resource Recycling JAINREC.NSIndia$1.05B-43%+48%5%23.4×n/an/a
Americas Gold and Silver USA.TOCanada$1.05B-50%+86%19%14.9×n/an/a
Eramet ERA.PAFrance$1.19B-38%0%-1%n/an/an/a
Solaris Resources SLS.TOCanada$1.19B-28%n/an/an/an/an/a
Faraday Copper FDY.TOCanada$1.21B-18%n/an/an/an/an/a
Ivanhoe Electric IEUnited States$1.21B-45%-21%-3,916%n/an/an/a
North Long Dragon New Materials Tech 301357.SZChina$1.23B-20%-9%-23%n/an/an/a
Evolution Metals & Technologies EMATUnited States$1.23B-79%n/a-548%n/an/an/a
TMC TMCUnited States$1.00B-60%n/an/an/an/an/a
Jinchuan Group International Resources 2362.HKHong Kong$997M+4%+65%22%2.0×-2.2%-1.8%
AMG Critical Materials AMG.ASNetherlands$988M-41%+12%7%11.9×0.2%+13.0%
Nanjing Hanrui Cobalt 300618.SZChina$1.27B-49%+11%4%20.6×n/an/a
Zhejiang Tony Electronic 603595.SSChina$960M+52%+5%-12%n/an/an/a

Questions

Who are Londian Wason New Energy Tech, Inc. Unsponsored ADR's main competitors?
Named competitors: SK Nexilis (006400.KS), Nuode Investment (600110.SS), Wason Technology (private or unlisted). The cockpit's measured peer set (industry) also includes Alphamin Resources (AFM.V), Xizang Zhihui Mining (2546.HK), Uranium Royalty (UROY), Jiangxi Jiangnan New Material Technology (603124.SS), Zimplats (ZIM.AX), Collective Mining (CNL.TO).
Is Londian Wason New Energy Tech, Inc. Unsponsored ADR expensive compared with its peers?
On forward p/e it trades at 13.3× against a peer median of 16.7×, 4th cheapest of 9 in its peer set.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.