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 62,097 - -
Change - 155.34% -45.54% - -
Enterprise Value (EV) 1 29,657 94,362 45,181 47,103 47,053
Change - 218.18% -52.12% 4.25% -0.11%
P/E 6.63x -9.61x -20.3x -44.9x 46.6x
PBR 3.81x 7.96x 5.57x 5.5x 5.01x
PEG - 0x 0.3x 0.8x -0x
Capitalization / Revenue 18.7x 30.3x 11.1x 6.67x 4.36x
EV / Revenue 12.4x 25.1x 8.07x 5.06x 3.3x
EV / EBITDA -17.4x -32.6x -18.3x -55.3x 16.9x
EV / EBIT -13.8x -28.3x -15.5x -37.2x 44.7x
EV / FCF -33.2x -33.6x -22.8x -41.5x 41.4x
FCF Yield -3.02% -2.98% -4.39% -2.41% 2.42%
Dividend per Share 2 - - - - 0.00548
Rate of return - - - - 0.13%
EPS 2 0.51 -0.81 -0.2102 -0.095 0.0915
Distribution rate - - - - 5.99%
Net sales 1 2,384 3,758 5,601 9,304 14,245
EBITDA 1 -1,706 -2,897 -2,471 -851.5 2,785
EBIT 1 -2,144 -3,339 -2,908 -1,265 1,052
Net income 1 2,347 -10,469 -2,963 -1,357 1,303
Net Debt 1 -14,999 -19,660 -16,916 -14,994 -15,044
Reference price 2 3.383 7.782 4.261 4.261 4.261
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-20.27x8.07x-18.28x-.--% 9.24B
15.12x - - 2% 4.43B
-17.4x0.13x1.4x0.71% 4.27B
12.88x0.36x4.47x3.31% 4.16B
13.96x1x6.01x2.87% 3.73B
13.65x1.35x9.28x1.31% 3.34B
13.79x0.51x5.2x-.--% 2.52B
10.89x0.22x2.04x3.71% 1.69B
15.03x1.27x6.77x1.85% 1.25B
18.54x - - 2.7% 1.22B
Average 7.62x 1.61x 2.11x 1.85% 3.59B
Weighted average by Cap. 1.43x 2.92x -2.18x 1.47%

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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