Company Valuation: WeRide Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Market Cap 1 28,410 20,776 12,041 - -
Change - -26.87% -42.05% - -
Enterprise Value (EV) 1 23,665 14,534 7,572 9,112 10,648
Change - -38.59% -47.9% 20.33% 16.86%
P/E -12.1x -11.3x -13.4x -15.6x 957x
PBR 4.32x 2.37x 2.06x 2.42x 2.53x
PEG 0.2x 0.3x 0.3x 1.1x -9x
Capitalization / Revenue 78.7x 30.3x 11x 5.93x 2.31x
EV / Revenue 65.5x 21.2x 6.95x 4.49x 2.05x
EV / EBITDA -11.4x -8.65x -4.75x -6.62x -16.8x
EV / EBIT -10.8x -7.87x -4.32x -5.86x -11.1x
EV / FCF -34.9x -9.26x -3.39x -4.5x -8.8x
FCF Yield -2.86% -10.8% -29.5% -22.2% -11.4%
Dividend per Share 2 - - - - -
Rate of return - - - - -
EPS 2 -8.54 -5.37 -2.73 -2.35 0.0382
Distribution rate - - - - -
Net sales 1 361.1 684.6 1,090 2,030 5,204
EBITDA 1 -2,084 -1,680 -1,593 -1,377 -633.2
EBIT 1 -2,185 -1,847 -1,755 -1,554 -960.2
Net income 1 -2,517 -1,655 -1,555 -1,417 -677.3
Net Debt 1 -4,745 -6,242 -4,468 -2,929 -1,392
Reference price 2 103.50 60.71 36.60 36.60 36.60
Nbr of stocks (in thousands) 274,493 342,205 328,956 - -
Announcement Date 3/14/25 3/23/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.29x4.68x16.32x2.23% 284B
-91.52x14.46x83.72x-.--% 90.57B
10.19x1.12x5.87x4.73% 83.95B
13.24x2.4x8.92x6.26% 77.74B
18.88x4.98x12.29x3.01% 56.49B
13.89x2.03x8.49x5.61% 45.19B
19.13x1.54x9.65x1.5% 35.77B
20.15x1.48x9.47x0.98% 35.46B
15.61x1.99x9.27x5.54% 32.37B
Average 5.43x 3.85x 18.22x 3.32% 82.38B
Weighted average by Cap. 7.43x 4.67x 20.85x 2.98%

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