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 52,289 - -
Change - 155.34% -54.14% - -
Enterprise Value (EV) 1 29,657 94,362 37,283 39,122 38,533
Change - 218.18% -60.49% 4.93% -1.51%
P/E 6.63x -9.61x -16.1x -38.4x 37.3x
PBR 3.81x 7.96x 5x 4.9x 4.32x
PEG - 0x 0.2x 0.7x -0x
Capitalization / Revenue 18.7x 30.3x 8.66x 5.4x 3.51x
EV / Revenue 12.4x 25.1x 6.18x 4.04x 2.59x
EV / EBITDA -17.4x -32.6x -15.3x -48.3x 14.5x
EV / EBIT -13.8x -28.3x -12.4x -30.3x 34.9x
EV / FCF -33.2x -33.6x -17x -32x 33.2x
FCF Yield -3.02% -2.98% -5.9% -3.12% 3.01%
Dividend per Share 2 - - - - 0.0065
Rate of return - - - - 0.18%
EPS 2 0.51 -0.81 -0.2234 -0.0933 0.0962
Distribution rate - - - - 6.76%
Net sales 1 2,384 3,758 6,036 9,682 14,890
EBITDA 1 -1,706 -2,897 -2,442 -810.5 2,656
EBIT 1 -2,144 -3,339 -3,005 -1,293 1,105
Net income 1 2,347 -10,469 -3,106 -1,250 1,383
Net Debt 1 -14,999 -19,660 -15,006 -13,167 -13,756
Reference price 2 3.383 7.782 3.588 3.588 3.588
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.($)
17.43x - - 1.74% 4.98B
12.59x0.36x4.39x3.33% 4B
16.21x0.1x1.04x1.03% 3.99B
14.76x1.04x6.26x2.74% 3.7B
12.97x1.26x8.7x1.39% 3.12B
15.87x0.55x5.47x-.--% 2.38B
13.2x0.78x8.71x2.56% 1.86B
8.69x0.13x1.16x4.64% 1.22B
18.09x - - 3.01% 1.17B
Average 14.42x 0.60x 5.10x 2.27% 2.94B
Weighted average by Cap. 14.80x 0.62x 5.06x 2.06%

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