Financials ATRenew Inc.

Equities

RERE

US00138L1089

Department Stores

End-of-day quote Nyse 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1.98 USD +22.98% Intraday chart for ATRenew Inc. +25.32% +3.12%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 8,316 4,513 3,050 3,149 -
Enterprise Value (EV) 1 7,055 2,933 3,050 3,149 3,149
P/E ratio -2.74 x -1.31 x - 18.6 x 5.98 x
Yield - - - - -
Capitalization / Revenue 1.07 x 0.46 x 0.24 x 0.19 x 0.15 x
EV / Revenue 1.07 x 0.46 x 0.24 x 0.19 x 0.15 x
EV / EBITDA -16 x 10.9 x - 10.8 x -
EV / FCF -7,616,477 x 5,504,894 x - - -
FCF Yield -0% 0% - - -
Price to Book 0.57 x - - - -
Nbr of stocks (in thousands) 220,407 226,415 223,823 219,484 -
Reference price 2 37.73 19.93 13.63 14.35 14.35
Announcement Date 3/10/22 3/13/23 3/12/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - 7,780 9,869 12,966 16,369 20,751
EBITDA 1 - -521.3 412.3 - 290.3 -
EBIT 1 - -895.1 6.904 251.7 429.5 700.6
Operating Margin - -11.5% 0.07% 1.94% 2.62% 3.38%
Earnings before Tax (EBT) 1 - -953.8 -2,573 -148.4 151.1 464.7
Net income 1 -470.6 -1,325 -2,468 -156.2 120.9 371.8
Net margin - -17.03% -25.01% -1.21% 0.74% 1.79%
EPS 2 -94.51 -13.76 -15.16 - 0.7700 2.400
Free Cash Flow - -1,092 819.8 - - -
FCF margin - -14.03% 8.31% - - -
FCF Conversion (EBITDA) - - 198.84% - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 - - - - - -
Announcement Date 5/28/21 3/10/22 3/13/23 3/12/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,962 2,436 2,207 2,146 2,536 2,981 2,872 2,964 3,701 3,989 4,297 4,628
EBITDA - - - - - - - - - - - -
EBIT 1 -28.51 -125.9 -134.8 -42.28 10.77 34.56 - - 82.5 94.5 114.3 138.3
Operating Margin -1.45% -5.17% -6.11% -1.97% 0.42% 1.16% - - 2.23% 2.37% 2.66% 2.99%
Earnings before Tax (EBT) 1 - - - - - - - - 4.2 22.4 47.7 76.7
Net income 1 - - - - - - - - 3.4 18 38.2 61.4
Net margin - - - - - - - - 0.09% 0.45% 0.89% 1.33%
EPS 2 - -0.6300 -0.9900 -0.7800 -0.1900 - - - 0.0200 0.1100 0.2400 0.3900
Dividend per Share - - - - - - - - - - - -
Announcement Date 11/18/21 3/10/22 5/24/22 8/24/22 11/22/22 3/13/23 5/23/23 8/23/23 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - 1,261 1,580 - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - -1,092 820 - - -
ROE (net income / shareholders' equity) - -27.9% -24% - - -
ROA (Net income/ Total Assets) - -2.65% -39.3% - - -
Assets 1 - 49,970 6,276 - - -
Book Value Per Share - 66.70 - - - -
Cash Flow per Share - - - - - -
Capex - 73.9 61.5 - - -
Capex / Sales - 0.95% 0.62% - - -
Announcement Date 5/28/21 3/10/22 3/13/23 3/12/24 - -
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
14.35 CNY
Average target price
22.76 CNY
Spread / Average Target
+58.60%
Consensus
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