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 53,007 - -
Change - 155.34% -53.51% - -
Enterprise Value (EV) 1 29,657 94,362 34,220 36,371 36,303
Change - 218.18% -63.74% 6.28% -0.19%
P/E 6.63x -9.61x -151x -26x 262x
PBR 3.81x 7.96x 3.99x 4.16x 3.98x
PEG - 0x 1.6x -0x -2x
Capitalization / Revenue 18.7x 30.3x 10x 6.24x 4.02x
EV / Revenue 12.4x 25.1x 6.49x 4.28x 2.75x
EV / EBITDA -17.4x -32.6x -15.7x -31.1x 21.9x
EV / EBIT -13.8x -28.3x -10.8x -21.2x 61.5x
EV / FCF -33.2x -33.6x -73x -19.6x 135x
FCF Yield -3.02% -2.98% -1.37% -5.1% 0.74%
Dividend per Share 2 - - - - 0.00548
Rate of return - - - - 0.15%
EPS 2 0.51 -0.81 -0.0241 -0.1397 0.0139
Distribution rate - - - - 39.5%
Net sales 1 2,384 3,758 5,275 8,495 13,180
EBITDA 1 -1,706 -2,897 -2,185 -1,169 1,660
EBIT 1 -2,144 -3,339 -3,160 -1,714 590.6
Net income 1 2,347 -10,469 -293.5 -2,091 388
Net Debt 1 -14,999 -19,660 -18,787 -16,636 -16,704
Reference price 2 3.383 7.782 3.638 3.638 3.638
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-155.42x6.77x-16.34x-.--% 8.12B
-17.68x0.13x1.44x0.7% 4.33B
14.42x - - 2.1% 4.39B
12.48x - - 3.39% 4.22B
17.17x1.61x10.93x1.12% 3.96B
13.89x1x6x2.89% 3.7B
14.59x0.52x5.31x-.--% 2.69B
15.76x0.88x9.82x2.08% 2.17B
9.9x0.19x1.78x4.04% 1.55B
Average -8.32x 1.59x 2.71x 1.81% 3.9B
Weighted average by Cap. -28.88x 2.61x -0.85x 1.49%

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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