Company Valuation: Ecovacs Robotics Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 86,347 41,831 23,889 27,039 46,707 35,381 - -
Change - -51.55% -42.89% 13.19% 72.74% -24.25% - -
Enterprise Value (EV) 1 83,741 39,369 20,471 23,923 41,261 28,965 27,719 26,143
Change - -52.99% -48% 16.86% 72.47% -29.8% -4.3% -5.68%
P/E 42.8x 24.6x 38.7x 33.3x 26.4x 17.1x 14.5x 12.8x
PBR 17.4x 6.63x 3.72x 3.76x 5.17x 3.35x 2.88x 2.43x
PEG - -1.5x -0.6x 1x 0x 1x 0.8x 0.9x
Capitalization / Revenue 6.6x 2.73x 1.54x 1.63x 2.45x 1.6x 1.4x 1.26x
EV / Revenue 6.4x 2.57x 1.32x 1.45x 2.17x 1.31x 1.1x 0.93x
EV / EBITDA 34.8x 19.5x 22.3x 15.8x 16.7x 10.5x 8.7x 7.27x
EV / EBIT 37.1x 21.7x 32.2x 21.1x 21.7x 12.9x 10.6x 8.84x
EV / FCF 60.6x 37.4x 107x 165x 15.3x 24.2x 13x 11.4x
FCF Yield 1.65% 2.67% 0.93% 0.6% 6.55% 4.13% 7.66% 8.8%
Dividend per Share 2 1.1 0.9 0.3 0.45 0.92 1.036 1.326 1.36
Rate of return 0.73% 1.23% 0.72% 0.96% 1.14% 1.69% 2.17% 2.22%
EPS 2 3.53 2.96 1.07 1.41 3.06 3.585 4.219 4.794
Distribution rate 31.2% 30.4% 28% 31.9% 30.1% 28.9% 31.4% 28.4%
Net sales 1 13,086 15,325 15,502 16,542 19,040 22,181 25,194 28,107
EBITDA 1 2,409 2,021 917.4 1,512 2,469 2,757 3,185 3,594
EBIT 1 2,256 1,817 635.9 1,135 1,897 2,254 2,619 2,958
Net income 1 2,010 1,698 612.1 806.1 1,758 2,062 2,418 2,735
Net Debt 1 -2,606 -2,462 -3,418 -3,116 -5,446 -6,416 -7,662 -9,238
Reference price 2 150.95 72.94 41.44 47.00 80.68 61.15 61.15 61.15
Nbr of stocks (in thousands) 572,024 573,500 576,463 575,295 578,921 578,598 - -
Announcement Date 4/22/22 4/28/23 4/27/24 4/25/25 4/24/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.05x1.31x10.51x1.69% 5.26B
7.79x1.09x5.34x7.1% 34.26B
9.7x1.61x6.33x3.43% 4.85B
11.23x0.26x4.47x4.91% 4.7B
15.08x1.05x11.43x0.68% 4.49B
20.83x0.51x8.26x2.39% 2.63B
14.58x - - 5.26% 2.43B
11.08x1.32x8.54x6.22% 2.27B
21.35x - - 2% 1.94B
27.27x1.64x15.76x1.53% 1.7B
Average 15.60x 1.10x 8.83x 3.52% 6.45B
Weighted average by Cap. 11.27x 1.08x 6.80x 5.19%

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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