Company Valuation: Hesai Group

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 7,931 12,859 24,464 12,679 - -
Change - 62.13% 90.24% -48.17% - -
Enterprise Value (EV) 1 6,663 10,290 23,527 10,946 10,933 10,893
Change - 54.44% 128.65% -53.47% -0.12% -0.37%
P/E -16.6x -128x 52.6x 23.7x 14.9x 10.1x
PBR 2.08x 3.37x 2.43x 1.32x 1.21x 1.08x
PEG 0.4x 1.6x -0x 1.6x 0.2x 0.2x
Capitalization / Revenue 4.23x 6.19x 8.08x 3x 2.13x 1.61x
EV / Revenue 3.55x 4.95x 7.77x 2.59x 1.84x 1.38x
EV / EBITDA -13.7x -141x 80.4x 24x 11.9x 7.56x
EV / EBIT -11.7x -50.2x 139x 31.4x 14.8x 8.87x
EV / FCF -18.6x -49.5x -104x 402x 36.4x 20.2x
FCF Yield -5.36% -2.02% -0.96% 0.25% 2.75% 4.95%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -3.81 -0.79 2.98 3.416 5.454 8.049
Distribution rate - - - - - -
Net sales 1 1,877 2,077 3,028 4,221 5,950 7,889
EBITDA 1 -485.3 -73.1 292.5 455.6 921.7 1,440
EBIT 1 -571.6 -204.9 168.8 348.2 739.2 1,227
Net income 1 -476 -102.4 435.9 478.7 834.6 1,277
Net Debt 1 -1,269 -2,570 -936.5 -1,733 -1,746 -1,786
Reference price 2 63.18 100.87 156.67 81.05 81.05 81.05
Nbr of stocks (in thousands) 125,535 127,478 156,142 156,440 - -
Announcement Date 3/11/24 3/10/25 3/24/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.92x2.83x25.73x-.--% 1.9B
30.92x5.79x17.59x0.64% 180B
34.6x12.33x22.48x0.79% 124B
50.15x6.3x21.56x0.84% 107B
13.42x0.3x6.75x3.75% 105B
33.05x5.4x17.78x1.04% 74.47B
55.08x5.98x27.31x0.25% 63.59B
19.15x6.81x13.83x0.66% 53.88B
17.32x1.02x11.51x0.73% 56.74B
32.43x4.56x17.35x0.02% 40.93B
Average 31.20x 5.13x 18.19x 0.87% 80.78B
Weighted average by Cap. 32.17x 5.79x 17.56x 1.08%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Hesai Group

Historical PBR trend

Valuation ratios - PBR - Hesai Group

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Hesai Group

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Hesai Group


Year-on-year evolution of the Yield

Valuation ratios - Yield - Hesai Group
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