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 57,398 - -
Change - 155.34% -49.66% - -
Enterprise Value (EV) 1 29,657 94,362 38,421 40,451 40,452
Change - 218.18% -59.28% 5.28% 0%
P/E 6.63x -9.61x -29.2x -35.6x 62.4x
PBR 3.81x 7.96x 4.29x 4.58x 4.26x
PEG - 0x 0.4x 2x -0x
Capitalization / Revenue 18.7x 30.3x 10.7x 6.51x 4.23x
EV / Revenue 12.4x 25.1x 7.15x 4.59x 2.98x
EV / EBITDA -17.4x -32.6x -16.9x -33.4x 24.4x
EV / EBIT -13.8x -28.3x -12.3x -27x 50x
EV / FCF -33.2x -33.6x -61.6x -28.6x 49.5x
FCF Yield -3.02% -2.98% -1.62% -3.49% 2.02%
Dividend per Share 2 - - - - 0.00548
Rate of return - - - - 0.14%
EPS 2 0.51 -0.81 -0.135 -0.1105 0.0631
Distribution rate - - - - 8.68%
Net sales 1 2,384 3,758 5,374 8,810 13,562
EBITDA 1 -1,706 -2,897 -2,269 -1,210 1,660
EBIT 1 -2,144 -3,339 -3,121 -1,498 808.3
Net income 1 2,347 -10,469 -1,503 -1,655 1,105
Net Debt 1 -14,999 -19,660 -18,977 -16,946 -16,945
Reference price 2 3.383 7.782 3.939 3.939 3.939
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.($)
-19.99x7.75x-16.45x-.--% 8.77B
14.93x - - 2.03% 4.36B
-17.52x0.13x1.42x0.71% 4.28B
13.29x - - 3.21% 4.29B
14.06x1.01x6.05x2.85% 3.74B
15.19x1.52x10.69x1.25% 3.74B
14.24x0.53x5.34x-.--% 2.63B
15.15x0.85x9.43x2.16% 2.08B
Average 6.17x 1.96x 2.75x 1.53% 4.24B
Weighted average by Cap. 1.47x 3.21x -1.67x 1.34%

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