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 30,729 - -
Change - -51.55% -42.89% 13.19% 72.74% -34.21% - -
Enterprise Value (EV) 1 83,741 39,369 20,471 23,923 41,261 24,349 23,079 21,567
Change - -52.99% -48% 16.86% 72.47% -40.99% -5.22% -6.55%
P/E 42.8x 24.6x 38.7x 33.3x 26.4x 14.7x 12.5x 11x
PBR 17.4x 6.63x 3.72x 3.76x 5.17x 2.91x 2.5x 2.1x
PEG - -1.5x -0.6x 1x 0x 0.8x 0.7x 0.8x
Capitalization / Revenue 6.6x 2.73x 1.54x 1.63x 2.45x 1.38x 1.22x 1.08x
EV / Revenue 6.4x 2.57x 1.32x 1.45x 2.17x 1.09x 0.91x 0.76x
EV / EBITDA 34.8x 19.5x 22.3x 15.8x 16.7x 8.98x 7.28x 6.04x
EV / EBIT 37.1x 21.7x 32.2x 21.1x 21.7x 11.1x 8.86x 7.29x
EV / FCF 60.6x 37.4x 107x 165x 15.3x 20.3x 10.9x 9.37x
FCF Yield 1.65% 2.67% 0.93% 0.6% 6.55% 4.92% 9.2% 10.7%
Dividend per Share 2 1.1 0.9 0.3 0.45 0.92 1.056 1.328 1.314
Rate of return 0.73% 1.23% 0.72% 0.96% 1.14% 1.99% 2.5% 2.48%
EPS 2 3.53 2.96 1.07 1.41 3.06 3.601 4.236 4.828
Distribution rate 31.2% 30.4% 28% 31.9% 30.1% 29.3% 31.3% 27.2%
Net sales 1 13,086 15,325 15,502 16,542 19,040 22,239 25,263 28,502
EBITDA 1 2,409 2,021 917.4 1,512 2,469 2,711 3,172 3,572
EBIT 1 2,256 1,817 635.9 1,135 1,897 2,203 2,605 2,958
Net income 1 2,010 1,698 612.1 806.1 1,758 2,070 2,428 2,752
Net Debt 1 -2,606 -2,462 -3,418 -3,116 -5,446 -6,380 -7,650 -9,162
Reference price 2 150.95 72.94 41.44 47.00 80.68 53.08 53.08 53.08
Nbr of stocks (in thousands) 572,024 573,500 576,463 575,295 578,921 578,923 - -
Announcement Date 4/22/22 4/28/23 4/27/24 4/25/25 4/25/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.81x1.1x9.03x1.98% 4.57B
7.01x0.96x4.72x7.94% 30.7B
11.46x0.3x5.35x4.54% 5.31B
9.43x1.53x5.92x3.46% 4.22B
12.2x0.81x8.77x0.8% 3.74B
21.05x0.5x8x2.33% 2.5B
19.27x - - 5.21% 2.44B
11x1.28x8.05x6.33% 2.18B
23.13x - - 1.85% 2.09B
36.36x2.07x20.72x1.16% 1.88B
Average 16.57x 1.07x 8.82x 3.56% 5.97B
Weighted average by Cap. 11.23x 0.97x 6.33x 5.58%

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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