Company Valuation: Hesai Group

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 7,931 12,859 24,464 15,465 - -
Change - 62.13% 90.24% -36.78% - -
Enterprise Value (EV) 1 6,663 10,290 23,527 12,694 12,572 11,533
Change - 54.44% 128.65% -46.04% -0.97% -8.26%
P/E -16.6x -128x 52.6x 27.5x 15.9x 11.2x
PBR 2.08x 3.37x 2.43x 1.64x 1.49x 1.33x
PEG 0.4x 1.6x -0x 1.3x 0.2x 0.3x
Capitalization / Revenue 4.23x 6.19x 8.08x 3.54x 2.52x 1.92x
EV / Revenue 3.55x 4.95x 7.77x 2.91x 2.05x 1.43x
EV / EBITDA -13.7x -141x 80.4x 20.8x 11.4x 7.01x
EV / EBIT -11.7x -50.2x 139x 28.8x 14.5x 8.52x
EV / FCF -18.6x -49.5x -104x -55.6x 60.7x 26.7x
FCF Yield -5.36% -2.02% -0.96% -1.8% 1.65% 3.74%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -3.81 -0.79 2.98 3.601 6.207 8.82
Distribution rate - - - - - -
Net sales 1 1,877 2,077 3,028 4,368 6,130 8,048
EBITDA 1 -485.3 -73.1 292.5 609.2 1,099 1,644
EBIT 1 -571.6 -204.9 168.8 440.2 867.5 1,353
Net income 1 -476 -102.4 435.9 551.4 908.7 1,285
Net Debt 1 -1,269 -2,570 -936.5 -2,771 -2,893 -3,932
Reference price 2 63.18 100.87 156.67 98.86 98.86 98.86
Nbr of stocks (in thousands) 125,535 127,478 156,142 156,440 - -
Announcement Date 3/11/24 A 3/10/25 A 3/24/26 A - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.45x2.91x20.87x-.--% 2.28B
1516.3x103.52x1153.55x - 5.56B
-117.66x8.18x-118.11x-.--% 5.04B
-106.16x25.92x-345.79x - 1.44B
-93.6x12.07x-138.27x4.66% 1.39B
20.66x3.57x12.31x2.94% 1.13B
333.1x6.32x178.77x - 783M
Average 225.73x 23.21x 109.05x 1.9% 2.52B
Weighted average by Cap. 448.04x 38.93x 302.20x 1%

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

  1. Stock Market
  2. Stocks
  3. HSAI Stock
  4. Valuation Hesai Group