Company Valuation: Hesai Group

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 7,931 12,859 24,464 13,701 - -
Change - 62.13% 90.24% -43.99% - -
Enterprise Value (EV) 1 6,663 10,290 23,527 11,964 11,955 11,923
Change - 54.44% 128.65% -49.15% -0.08% -0.27%
P/E -16.6x -128x 52.6x 25.6x 16.1x 10.9x
PBR 2.08x 3.37x 2.43x 1.43x 1.31x 1.16x
PEG 0.4x 1.6x -0x 1.8x 0.3x 0.2x
Capitalization / Revenue 4.23x 6.19x 8.08x 3.26x 2.31x 1.74x
EV / Revenue 3.55x 4.95x 7.77x 2.85x 2.02x 1.52x
EV / EBITDA -13.7x -141x 80.4x 26.8x 13.1x 8.34x
EV / EBIT -11.7x -50.2x 139x 35x 16.3x 9.76x
EV / FCF -18.6x -49.5x -104x 440x 39.8x 22.1x
FCF Yield -5.36% -2.02% -0.96% 0.23% 2.51% 4.52%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -3.81 -0.79 2.98 3.416 5.452 8.042
Distribution rate - - - - - -
Net sales 1 1,877 2,077 3,028 4,201 5,928 7,865
EBITDA 1 -485.3 -73.1 292.5 446.2 915.2 1,430
EBIT 1 -571.6 -204.9 168.8 341.7 735.1 1,221
Net income 1 -476 -102.4 435.9 478.7 834.6 1,277
Net Debt 1 -1,269 -2,570 -936.5 -1,737 -1,746 -1,778
Reference price 2 63.18 100.87 156.67 87.58 87.58 87.58
Nbr of stocks (in thousands) 1,25,535 1,27,478 1,56,142 1,56,440 - -
Announcement Date 11/03/24 10/03/25 24/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.64x2.85x26.82x-.--% 205.41Cr
28.93x5.44x16.52x0.68% 18TCr
33.54x11.92x21.73x0.82% 12TCr
45.97x5.8x19.85x0.91% 11TCr
13.15x0.3x6.61x3.83% 11TCr
30.69x5x16.44x1.12% 7.28TCr
52.91x5.74x26.24x0.26% 6.24TCr
18.16x1.07x12.01x0.7% 6.09TCr
19.13x3.23x12.35x1.4% 6.02TCr
16.99x6.01x12.21x0.75% 5.46TCr
Average 28.51x 4.73x 17.08x 1.05% 8.29TCr
Weighted average by Cap. 29.45x 5.31x 16.28x 1.19%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Hesai Group

Historical PBR trend

Valuation ratios - PBR - Hesai Group

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Hesai Group

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Hesai Group


Year-on-year evolution of the Yield

Valuation ratios - Yield - Hesai Group
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