Company Valuation: Horizon Robotics

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Market Cap 1 44,655 114,022 55,609 - -
Change - 155.34% -51.23% - -
Enterprise Value (EV) 1 29,657 94,362 38,693 40,615 40,565
Change - 218.18% -59% 4.97% -0.12%
P/E 6.63x -9.61x -18.2x -38.1x 41.8x
PBR 3.81x 7.96x 4.99x 4.93x 4.49x
PEG - 0x 0.2x 0.7x -0x
Capitalization / Revenue 18.7x 30.3x 9.93x 5.98x 3.9x
EV / Revenue 12.4x 25.1x 6.91x 4.37x 2.85x
EV / EBITDA -17.4x -32.6x -14.7x -47.7x 14.6x
EV / EBIT -13.8x -28.3x -12.8x -28.7x 38.6x
EV / FCF -33.2x -33.6x -19.5x -35.7x 35.7x
FCF Yield -3.02% -2.98% -5.13% -2.8% 2.8%
Dividend per Share 2 - - - - 0.00526
Rate of return - - - - 0.14%
EPS 2 0.51 -0.81 -0.2102 -0.1002 0.0914
Distribution rate - - - - 5.76%
Net sales 1 2,384 3,758 5,601 9,304 14,245
EBITDA 1 -1,706 -2,897 -2,636 -851.5 2,785
EBIT 1 -2,144 -3,339 -3,016 -1,413 1,052
Net income 1 2,347 -10,469 -2,963 -1,357 1,303
Net Debt 1 -14,999 -19,660 -16,916 -14,994 -15,044
Reference price 2 3.383 7.782 3.816 3.816 3.816
Nbr of stocks (in thousands) 13,200,294 14,651,885 14,571,723 - -
Announcement Date 3/21/25 A 3/19/26 A - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.9x - - 1.91% 4.53B
14.45x0.11x1.2x0.93% 4.17B
12.48x0.36x4.44x3.39% 3.94B
14.32x1.02x6.14x2.79% 3.61B
13.24x1.29x8.9x1.36% 3.2B
15.69x0.54x5.31x-.--% 2.48B
12.83x0.76x8.46x2.63% 1.82B
8.89x0.13x1.25x4.73% 1.26B
17.51x - - 3.11% 1.14B
Average 13.92x 0.60x 5.10x 2.32% 2.9B
Weighted average by Cap. 14.11x 0.61x 5.04x 2.09%

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