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 65,587 - -
Change - 155.34% -42.48% - -
Enterprise Value (EV) 1 29,657 94,362 48,671 50,593 50,543
Change - 218.18% -48.42% 3.95% -0.1%
P/E 6.63x -9.61x -21.4x -47.4x 49.2x
PBR 3.81x 7.96x 5.88x 5.81x 5.29x
PEG - 0x 0.3x 0.9x -0x
Capitalization / Revenue 18.7x 30.3x 11.7x 7.05x 4.6x
EV / Revenue 12.4x 25.1x 8.69x 5.44x 3.55x
EV / EBITDA -17.4x -32.6x -19.7x -59.4x 18.2x
EV / EBIT -13.8x -28.3x -16.7x -40x 48.1x
EV / FCF -33.2x -33.6x -24.5x -44.5x 44.4x
FCF Yield -3.02% -2.98% -4.08% -2.25% 2.25%
Dividend per Share 2 - - - - 0.00658
Rate of return - - - - 0.15%
EPS 2 0.51 -0.81 -0.2102 -0.095 0.0915
Distribution rate - - - - 7.19%
Net sales 1 2,384 3,758 5,601 9,304 14,245
EBITDA 1 -1,706 -2,897 -2,471 -851.5 2,785
EBIT 1 -2,144 -3,339 -2,908 -1,265 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 4.501 4.501 4.501
Nbr of stocks (in thousands) 13,200,294 14,651,885 14,571,723 - -
Announcement Date 3/21/25 3/19/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-21.56x8.77x-19.88x-.--% 9.75B
14.53x0.11x1.21x0.92% 4.2B
14.46x - - 2.1% 4.11B
12.84x0.37x4.55x3.3% 4.05B
15.24x1.05x6.38x2.73% 3.84B
13.9x1.36x9.4x1.3% 3.36B
14.02x0.5x4.98x-.--% 2.24B
13.67x0.81x9.03x2.47% 1.94B
9.3x0.15x1.35x4.52% 1.32B
18.66x - - 2.92% 1.21B
Average 10.51x 1.64x 2.13x 2.03% 3.6B
Weighted average by Cap. 4.44x 3.23x -2.74x 1.53%

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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