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 51,498 - -
Change - 155.34% -54.84% - -
Enterprise Value (EV) 1 29,657 94,362 36,451 38,290 37,703
Change - 218.18% -61.37% 5.04% -1.53%
P/E 6.63x -9.61x -15.8x -37.4x 36.7x
PBR 3.81x 7.96x 4.88x 4.78x 4.22x
PEG - 0x 0.2x 0.6x -0x
Capitalization / Revenue 18.7x 30.3x 8.56x 5.34x 3.48x
EV / Revenue 12.4x 25.1x 6.06x 3.97x 2.55x
EV / EBITDA -17.4x -32.6x -15.1x -46.5x 14.4x
EV / EBIT -13.8x -28.3x -12.2x -29.3x 35x
EV / FCF -33.2x -33.6x -17.1x -31.7x 31.9x
FCF Yield -3.02% -2.98% -5.84% -3.15% 3.13%
Dividend per Share 2 - - - - 0.0065
Rate of return - - - - 0.18%
EPS 2 0.51 -0.81 -0.2239 -0.0944 0.0963
Distribution rate - - - - 6.75%
Net sales 1 2,384 3,758 6,019 9,646 14,805
EBITDA 1 -1,706 -2,897 -2,419 -823.6 2,619
EBIT 1 -2,144 -3,339 -2,995 -1,306 1,079
Net income 1 2,347 -10,469 -3,089 -1,252 1,367
Net Debt 1 -14,999 -19,660 -15,047 -13,208 -13,794
Reference price 2 3.383 7.782 3.534 3.534 3.534
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.($)
17.15x - - 1.77% 487.72Cr
14.49x0.11x1.24x0.92% 429.6Cr
12.53x0.36x4.37x3.34% 395.92Cr
14.99x1.05x6.35x2.7% 375.72Cr
13.75x1.34x9.29x1.31% 331.02Cr
16.59x0.57x5.67x-.--% 250.51Cr
13.81x0.82x9.12x2.45% 194.92Cr
8.66x0.13x1.15x4.65% 121.91Cr
18.72x - - 2.91% 121.09Cr
Average 14.52x 0.63x 5.31x 2.23% 300.94Cr
Weighted average by Cap. 14.73x 0.64x 5.27x 2%

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