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 35,104 - -
Change - -51.55% -42.89% 13.19% 72.74% -24.84% - -
Enterprise Value (EV) 1 83,741 39,369 20,471 23,923 41,261 28,688 27,441 25,866
Change - -52.99% -48% 16.86% 72.47% -30.47% -4.34% -5.74%
P/E 42.8x 24.6x 38.7x 33.3x 26.4x 16.9x 14.3x 12.5x
PBR 17.4x 6.63x 3.72x 3.76x 5.17x 3.32x 2.86x 2.41x
PEG - -1.5x -0.6x 1x 0x 1x 0.8x 0.9x
Capitalization / Revenue 6.6x 2.73x 1.54x 1.63x 2.45x 1.58x 1.39x 1.24x
EV / Revenue 6.4x 2.57x 1.32x 1.45x 2.17x 1.29x 1.09x 0.91x
EV / EBITDA 34.8x 19.5x 22.3x 15.8x 16.7x 10.4x 8.59x 7.14x
EV / EBIT 37.1x 21.7x 32.2x 21.1x 21.7x 12.8x 10.5x 8.66x
EV / FCF 60.6x 37.4x 107x 165x 15.3x 24x 12.9x 11.2x
FCF Yield 1.65% 2.67% 0.93% 0.6% 6.55% 4.17% 7.74% 8.9%
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% 1.71% 2.19% 2.24%
EPS 2 3.53 2.96 1.07 1.41 3.06 3.582 4.229 4.841
Distribution rate 31.2% 30.4% 28% 31.9% 30.1% 28.9% 31.4% 28.1%
Net sales 1 13,086 15,325 15,502 16,542 19,040 22,196 25,267 28,287
EBITDA 1 2,409 2,021 917.4 1,512 2,469 2,756 3,194 3,624
EBIT 1 2,256 1,817 635.9 1,135 1,897 2,249 2,624 2,988
Net income 1 2,010 1,698 612.1 806.1 1,758 2,060 2,425 2,763
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 60.67 60.67 60.67
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.($)
16.94x1.29x10.41x1.71% 5.2B
7.99x1.12x5.52x6.92% 34.98B
11.17x0.29x5.08x4.5% 5.13B
9.32x1.54x6.01x3.48% 4.46B
14.41x0.99x10.79x0.71% 4.27B
163.04x0.51x8.33x2.41% 2.43B
10.89x1.29x8.31x6.33% 2.23B
16.28x - - 5.38% 2.37B
22.65x - - 1.88% 2.05B
27.47x1.69x16.2x1.46% 1.76B
Average 30.02x 1.09x 8.83x 3.48% 6.49B
Weighted average by Cap. 16.68x 1.08x 6.84x 5.11%

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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