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 54,577 - -
Change - 155.34% -52.14% - -
Enterprise Value (EV) 1 29,657 94,362 35,600 37,630 37,631
Change - 218.18% -62.27% 5.7% 0%
P/E 6.63x -9.61x -37.9x -32.2x 114x
PBR 3.81x 7.96x 4.12x 4.32x 4.09x
PEG - 0x 0.4x -1.8x -1x
Capitalization / Revenue 18.7x 30.3x 10.2x 6.27x 4.07x
EV / Revenue 12.4x 25.1x 6.65x 4.33x 2.8x
EV / EBITDA -17.4x -32.6x -15.7x -31.1x 22.7x
EV / EBIT -13.8x -28.3x -11.4x -25.2x 44.2x
EV / FCF -33.2x -33.6x -57.1x -26.6x 46.1x
FCF Yield -3.02% -2.98% -1.75% -3.75% 2.17%
Dividend per Share 2 - - - - 0.00548
Rate of return - - - - 0.15%
EPS 2 0.51 -0.81 -0.0989 -0.1162 0.0327
Distribution rate - - - - 16.7%
Net sales 1 2,384 3,758 5,350 8,700 13,417
EBITDA 1 -1,706 -2,897 -2,269 -1,210 1,660
EBIT 1 -2,144 -3,339 -3,121 -1,491 851.7
Net income 1 2,347 -10,469 -911.9 -1,788 699.8
Net Debt 1 -14,999 -19,660 -18,977 -16,946 -16,945
Reference price 2 3.383 7.782 3.745 3.745 3.745
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-37.31x6.5x-15.33x-.--% 799.94Cr
13.13x - - 3.22% 430.4Cr
14.28x - - 2.12% 419.61Cr
-16.9x0.12x1.34x0.73% 412.29Cr
17.61x1.64x11.11x1.11% 400.71Cr
13.76x0.99x5.95x2.91% 365.42Cr
14.14x0.51x5.21x-.--% 257.3Cr
16.3x0.91x10.17x2.01% 224.16Cr
Average 4.38x 1.78x 3.07x 1.51% 413.73Cr
Weighted average by Cap. -1.75x 2.69x -0.60x 1.37%

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