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 55,094 - -
Change - 155.34% -51.68% - -
Enterprise Value (EV) 1 29,657 94,362 39,475 41,383 40,763
Change - 218.18% -58.17% 4.84% -1.5%
P/E 6.63x -9.61x -17x -39.8x 39.9x
PBR 3.81x 7.96x 5.27x 5.17x 4.57x
PEG - 0x 0.2x 0.7x -0x
Capitalization / Revenue 18.7x 30.3x 9.16x 5.72x 3.73x
EV / Revenue 12.4x 25.1x 6.56x 4.29x 2.76x
EV / EBITDA -17.4x -32.6x -16.1x -48.2x 15.7x
EV / EBIT -13.8x -28.3x -13.1x -31x 39.3x
EV / FCF -33.2x -33.6x -18.6x -34.3x 34.5x
FCF Yield -3.02% -2.98% -5.39% -2.92% 2.9%
Dividend per Share 2 - - - - 0.0065
Rate of return - - - - 0.17%
EPS 2 0.51 -0.81 -0.2228 -0.095 0.0946
Distribution rate - - - - 6.87%
Net sales 1 2,384 3,758 6,013 9,640 14,776
EBITDA 1 -1,706 -2,897 -2,452 -858.8 2,604
EBIT 1 -2,144 -3,339 -3,005 -1,336 1,038
Net income 1 2,347 -10,469 -3,222 -1,273 1,327
Net Debt 1 -14,999 -19,660 -15,619 -13,710 -14,331
Reference price 2 3.383 7.782 3.781 3.781 3.781
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.($)
-17.18x6.68x-16.38x-.--% 8.2B
16.32x - - 1.84% 4.72B
14.25x0.11x1.17x0.94% 4.12B
12.77x0.37x4.42x3.32% 4.05B
15.13x1.06x6.37x2.6% 3.78B
13.96x1.36x9.45x1.29% 3.36B
15.67x0.55x5.48x-.--% 2.43B
13.66x0.81x9.02x2.47% 1.93B
18.56x - - 2.93% 1.2B
10.43x - - 3.35% 1.04B
Average 11.36x 1.56x 2.79x 1.88% 3.48B
Weighted average by Cap. 7.13x 2.45x -0.90x 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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