Company Valuation: Ecovacs Robotics Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 86,347 41,831 23,889 27,039 46,707 30,457 - -
Change - -51.55% -42.89% 13.19% 72.74% -34.79% - -
Enterprise Value (EV) 1 83,741 39,369 20,471 23,923 41,261 24,032 22,832 21,260
Change - -52.99% -48% 16.86% 72.47% -41.76% -4.99% -6.89%
P/E 42.8x 24.6x 38.7x 33.3x 26.4x 14.2x 12.7x 11.2x
PBR 17.4x 6.63x 3.72x 3.76x 5.17x 2.86x 2.47x 2.1x
PEG - -1.5x -0.6x 1x 0x 0.7x 1.1x 0.9x
Capitalization / Revenue 6.6x 2.73x 1.54x 1.63x 2.45x 1.37x 1.2x 1.07x
EV / Revenue 6.4x 2.57x 1.32x 1.45x 2.17x 1.08x 0.9x 0.75x
EV / EBITDA 34.8x 19.5x 22.3x 15.8x 16.7x 8.54x 7.25x 5.99x
EV / EBIT 37.1x 21.7x 32.2x 21.1x 21.7x 10.3x 8.7x 7.26x
EV / FCF 60.6x 37.4x 107x 165x 15.3x 23.1x 11.1x 9.79x
FCF Yield 1.65% 2.67% 0.93% 0.6% 6.55% 4.33% 9.02% 10.2%
Dividend per Share 2 1.1 0.9 0.3 0.45 0.92 1.053 1.291 1.325
Rate of return 0.73% 1.23% 0.72% 0.96% 1.14% 2% 2.45% 2.52%
EPS 2 3.53 2.96 1.07 1.41 3.06 3.711 4.14 4.683
Distribution rate 31.2% 30.4% 28% 31.9% 30.1% 28.4% 31.2% 28.3%
Net sales 1 13,086 15,325 15,502 16,542 19,040 22,223 25,431 28,390
EBITDA 1 2,409 2,021 917.4 1,512 2,469 2,813 3,147 3,550
EBIT 1 2,256 1,817 635.9 1,135 1,897 2,335 2,623 2,929
Net income 1 2,010 1,698 612.1 806.1 1,758 2,141 2,374 2,676
Net Debt 1 -2,606 -2,462 -3,418 -3,116 -5,446 -6,425 -7,625 -9,198
Reference price 2 150.95 72.94 41.44 47.00 80.68 52.64 52.64 52.64
Nbr of stocks (in thousands) 572,024 573,500 576,463 575,295 578,921 578,598 - -
Announcement Date 4/22/22 A 4/28/23 A 4/27/24 A 4/25/25 A 4/24/26 A - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.38x1.07x8.63x2.02% 4.5B
7.79x1.16x5.4x7.14% 32.43B
10.06x1.65x6.5x3.31% 5.18B
12.52x0.3x5.06x4.4% 5.16B
16.81x1.19x12.25x0.59% 5.09B
20.29x0.5x8.23x2.45% 2.56B
14.54x - - 5.49% 2.34B
13.55x1.51x10.79x6.12% 2.26B
22.56x - - 1.89% 2.06B
25.15x1.5x14.53x1.66% 1.58B
Average 15.76x 1.11x 8.92x 3.51% 6.32B
Weighted average by Cap. 11.44x 1.12x 6.88x 5.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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