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 17,065 - -
Change - 62.13% 90.24% -30.24% - -
Enterprise Value (EV) 1 6,663 10,290 23,527 15,555 15,601 15,716
Change - 54.44% 128.65% -33.89% 0.3% 0.74%
P/E -16.6x -128x 52.6x 33.5x 18.2x 12.5x
PBR 2.08x 3.37x 2.43x 1.82x 1.66x 1.48x
PEG 0.4x 1.6x -0x 3.66x 0.2x 0.3x
Capitalization / Revenue 4.23x 6.19x 8.08x 3.97x 2.8x 2.13x
EV / Revenue 3.55x 4.95x 7.77x 3.62x 2.56x 1.96x
EV / EBITDA -13.7x -141x 80.4x 32.4x 15.7x 10.3x
EV / EBIT -11.7x -50.2x 139x 45.7x 19.9x 12.3x
EV / FCF -18.6x -49.5x -104x 572x 51.9x 29.2x
FCF Yield -5.36% -2.02% -0.96% 0.17% 1.93% 3.43%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -3.81 -0.79 2.98 3.253 5.984 8.725
Distribution rate - - - - - -
Net sales 1 1,877 2,077 3,028 4,295 6,087 8,029
EBITDA 1 -485.3 -73.1 292.5 479.7 995.4 1,533
EBIT 1 -571.6 -204.9 168.8 340.5 785.3 1,280
Net income 1 -476 -102.4 435.9 494.1 876 1,323
Net Debt 1 -1,269 -2,570 -936.5 -1,510 -1,464 -1,349
Reference price 2 63.18 100.87 156.67 109.09 109.09 109.09
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
34.77x6.46x19.7x0.65% 219B
62.86x7.84x26.84x0.69% 146B
34.9x12.44x22.7x0.79% 125B
13.74x0.31x6.92x3.66% 113B
43.76x7.19x23.53x0.8% 102B
79.81x8.55x39.45x0.18% 92.14B
25.33x9.09x18.46x0.5% 80.89B
45.71x6.39x24.09x0.01% 66.26B
20.02x3.39x12.99x1.33% 63.55B
Average 40.10x 6.85x 21.63x 0.96% 111.84B
Weighted average by Cap. 40.55x 6.99x 21.63x 0.97%

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