Company Valuation: Horizon Robotics

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Market Cap 1 44,655 1,14,022 64,843 - -
Change - 155.34% -43.13% - -
Enterprise Value (EV) 1 29,657 94,362 47,927 49,848 49,798
Change - 218.18% -49.21% 4.01% -0.1%
P/E 6.63x -9.61x -21.2x -46.9x 48.6x
PBR 3.81x 7.96x 5.81x 5.74x 5.23x
PEG - 0x 0.3x 0.9x -0x
Capitalization / Revenue 18.7x 30.3x 11.6x 6.97x 4.55x
EV / Revenue 12.4x 25.1x 8.56x 5.36x 3.5x
EV / EBITDA -17.4x -32.6x -19.4x -58.5x 17.9x
EV / EBIT -13.8x -28.3x -16.5x -39.4x 47.4x
EV / FCF -33.2x -33.6x -24.1x -43.9x 43.8x
FCF Yield -3.02% -2.98% -4.14% -2.28% 2.28%
Dividend per Share 2 - - - - 0.00548
Rate of return - - - - 0.12%
EPS 2 0.51 -0.81 -0.2102 -0.095 0.0915
Distribution rate - - - - 5.99%
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 4.450 4.450 4.450
Nbr of stocks (in thousands) 1,32,00,294 1,46,51,885 1,45,71,723 - -
Announcement Date 21/03/25 19/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-21.17x8.56x-19.39x-.--% 960.53Cr
15.92x0.13x1.44x0.84% 455.14Cr
15.66x - - 1.93% 463.54Cr
12.95x0.37x4.59x3.27% 424.51Cr
14.94x1.06x6.37x2.68% 394.21Cr
14.51x1.44x9.93x1.23% 353.84Cr
13.93x0.52x5.17x-.--% 242.36Cr
14.22x0.85x9.4x2.38% 202.01Cr
9.81x0.16x1.5x4.31% 139.2Cr
19.23x - - 2.72% 130.19Cr
Average 11.00x 1.64x 2.37x 1.94% 376.56Cr
Weighted average by Cap. 5.53x 3.05x -2.09x 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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