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Established in 1991, Riverstone Holdings Ltd (Riverstone) has become a leading cleanroom and healthcare glove manufacturer and exporter of the world. As at 17 February 2019, Riverstone is worth S$ 837.4 million in market capitalization, thus, placing it as the 4th most valuable rubber glove producer globally today.
In this article, I’ll share its fundamentals, latest financial results and evaluate an investment in Riverstone based on its latest stock price of S$ 1.13 a share. Here are 10 things to know about Riverstone before you invest.
Glove Production Capacity
Riverstone has achieved CAGR of 26.75% in glove production capacity a year, increasing from 0.9 billion in 2008 to 7.6 billion in 2017. In 2018, it continues to ramp up its capacity with its Phase 5 Expansion that would raise its total production capacity to 9.0 billion by end 2018. After it has completed, it would proceed with Phase 6