Chemanex Plc Adjusts Valuation Amid Declining Financial Performance and Market Underperformance

Chemanex Plc, a small-cap player in the specialty chemicals industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in its valuation score, which has transitioned from a classification of expensive to fair. Key financial metrics indicate a challenging landscape for the company. The P/E ratio stands at 0.0, while the EV to EBIT and EV to EBITDA ratios are reported at -32.73 and -31.11, respectively. Additionally, the EV to Capital Employed and EV to Sales ratios are noted at -4.61 and -3.95, respectively. The return on capital employed (ROCE) is currently negative, and the return on equity (ROE) is at 2.39%. In terms of recent performance, Chemanex Plc reported a significant decline in operating cash flow, with the latest figure at LKR -1.69 million. The net profit for the half-year period was LKR 61.2 million, reflecting a decrease of 38.26%. Furthermore, the stock has underperformed the market over the past year, generating a return of 13.44%, compared to the Sri Lanka CSE All Share's return of 40.15%. For more insights on Chemanex Plc's financial trends, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.