Company Valuation: Horizon Robotics

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Market Cap 1 47,521 126,885 66,884 - -
Change - 167.01% -47.29% - -
Enterprise Value (EV) 1 31,440 104,568 49,663 51,763 51,074
Change - 232.59% -52.51% 4.23% -1.33%
P/E Ratio 6.58x -9.38x -17.9x -43.1x 41.6x
PBR 3.78x 7.8x 5.59x 5.46x 4.81x
PEG - 0x 0.2x 0.7x -0x
Capitalization / Revenue 18.6x 29.6x 9.7x 6.04x 3.93x
EV / Revenue 12.3x 24.4x 7.2x 4.67x 3x
EV / EBITDA -17.3x -31.5x -17.8x -56x 16.8x
EV / EBIT -13.7x -27.5x -14.5x -35.1x 40.4x
EV / FCF -33.1x -32.5x -19.7x -37x 38.3x
FCF Yield -3.02% -3.08% -5.07% -2.7% 2.61%
Dividend per Share 2 - - - - 0.0076
Rate of return - - - - 0.17%
EPS 2 0.5469 -0.9235 -0.2562 -0.1066 0.1102
Distribution rate - - - - 6.89%
Net sales 1 2,556 4,285 6,896 11,073 17,032
EBITDA 1 -1,814 -3,324 -2,790 -925.1 3,035
EBIT 1 -2,299 -3,807 -3,436 -1,476 1,264
Net income 1 2,516 -11,936 -3,557 -1,427 1,582
Net Debt 1 -16,081 -22,318 -17,222 -15,121 -15,810
Reference price 2 3.600 8.660 4.590 4.590 4.590
Nbr of stocks (in thousands) 13,200,294 14,651,885 14,571,723 - -
Announcement Date 3/21/25 A 3/19/26 A - - -
1HKD in Million2HKD
Estimates

P/E Ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.7x0.92x9.61x1.81% 4.65B
17.27x0.11x1.21x0.95% 4.38B
15.89x1.11x6.66x2.54% 4.03B
18.08x0.37x5.26x3.05% 3.9B
14.1x1.4x9.77x1.25% 3.47B
18.86x0.61x6.14x-.--% 2.84B
13.76x0.8x9.04x2.39% 1.94B
10.14x0.17x1.59x3.91% 1.45B
21.82x - - 2.5% 1.42B
Average 16.51x 0.69x 6.16x 2.04% 3.12B
Weighted average by Cap. 16.81x 0.71x 6.32x 1.88%

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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