Company Valuation: Horizon Robotics

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Market Cap 1 44,655 114,022 52,725 - -
Change - 155.34% -53.76% - -
Enterprise Value (EV) 1 29,657 94,362 34,391 36,508 36,542
Change - 218.18% -63.55% 6.15% 0.09%
P/E 6.63x -9.61x 2,044x -25.1x 343x
PBR 3.81x 7.96x 3.87x 4.06x 3.93x
PEG - 0x -20x 0x -3x
Capitalization / Revenue 18.7x 30.3x 10x 6.26x 4.03x
EV / Revenue 12.4x 25.1x 6.55x 4.33x 2.79x
EV / EBITDA -17.4x -32.6x -15.7x -29.9x 21.7x
EV / EBIT -13.8x -28.3x -10.5x -21.2x 61.4x
EV / FCF -33.2x -33.6x 208x -18.7x 163x
FCF Yield -3.02% -2.98% 0.48% -5.36% 0.61%
Dividend per Share 2 - - - - 0.00548
Rate of return - - - - 0.15%
EPS 2 0.51 -0.81 0.00177 -0.1441 0.0105
Distribution rate - - - - 52%
Net sales 1 2,384 3,758 5,251 8,429 13,084
EBITDA 1 -1,706 -2,897 -2,197 -1,222 1,686
EBIT 1 -2,144 -3,339 -3,267 -1,724 595.5
Net income 1 2,347 -10,469 -157.5 -2,145 338.6
Net Debt 1 -14,999 -19,660 -18,334 -16,217 -16,183
Reference price 2 3.383 7.782 3.618 3.618 3.618
Nbr of stocks (in thousands) 13,200,294 14,651,885 14,571,723 - -
Announcement Date 3/21/25 3/19/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
2044.24x6.55x-15.65x-.--% 7.86B
-17.97x0.13x1.48x0.69% 4.39B
14.31x - - 2.11% 4.35B
12.33x - - 3.43% 4.17B
16.34x1.53x10.35x1.18% 3.77B
14.13x1.01x6.09x2.84% 3.75B
14.61x0.52x5.31x-.--% 2.69B
15.04x0.84x9.33x2.17% 2.06B
9.51x0.18x1.67x4.2% 1.49B
Average 235.84x 1.54x 2.65x 1.85% 3.84B
Weighted average by Cap. 471.81x 2.50x -0.71x 1.52%

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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