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 51,666 - -
Change - 155.34% -54.69% - -
Enterprise Value (EV) 1 29,657 94,362 33,923 36,171 36,152
Change - 218.18% -64.05% 6.63% -0.05%
P/E 6.63x -9.61x 185x -22.8x 3,940x
PBR 3.81x 7.96x 3.71x 3.85x 3.77x
PEG - 0x -2x 0x -39x
Capitalization / Revenue 18.7x 30.3x 9.83x 6.19x 4x
EV / Revenue 12.4x 25.1x 6.45x 4.33x 2.8x
EV / EBITDA -17.4x -32.6x -14.6x -27.3x 23.7x
EV / EBIT -13.8x -28.3x -10.3x -19.5x 78.8x
EV / FCF -33.2x -33.6x 33.8x -20.8x 126x
FCF Yield -3.02% -2.98% 2.96% -4.81% 0.8%
Dividend per Share 2 - - - - 0.00548
Rate of return - - - - 0.15%
EPS 2 0.51 -0.81 0.0192 -0.1552 0.0009
Distribution rate - - - - 609%
Net sales 1 2,384 3,758 5,256 8,347 12,916
EBITDA 1 -1,706 -2,897 -2,324 -1,325 1,528
EBIT 1 -2,144 -3,339 -3,301 -1,853 458.5
Net income 1 2,347 -10,469 58.44 -2,290 190.3
Net Debt 1 -14,999 -19,660 -17,742 -15,495 -15,514
Reference price 2 3.383 7.782 3.546 3.546 3.546
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.($)
14.69x - - 2.06% 433.48Cr
-17.25x0.13x1.43x0.55% 418.35Cr
12.76x - - 3.31% 418.77Cr
16.62x1.56x10.55x1.16% 382.99Cr
14.25x1.02x6.13x2.81% 371.86Cr
13.37x0.5x5.04x-.--% 241.94Cr
16.11x1.4x7.44x1.83% 126.75Cr
18.08x - - 2.76% 119.02Cr
Average 11.08x 0.92x 6.12x 1.81% 314.15Cr
Weighted average by Cap. 9.38x 0.86x 5.89x 1.81%

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