Company Valuation: XPeng Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 214,855 269,661 58,738 97,202 81,858 118,321 118,321 -
Change - 25.51% -78.22% 65.48% -15.79% 44.54% 0% -
Enterprise Value (EV) 1 183,662 233,768 51,925 85,615 73,546 99,918 93,879 87,415
Change - 27.28% -77.79% 64.88% -14.1% 35.86% -6.04% -6.89%
P/E ratio -38.6x -54x -6.43x -8.68x -14.1x -80.4x 87.6x 29.5x
PBR 12.5x 6.23x 1.6x 2.68x 2.61x 3.96x 3.91x 3.71x
PEG - 3x -0.1x -0.7x 0.3x 1.1x -0x 0x
Capitalization / Revenue 36.8x 12.8x 2.19x 3.17x 2x 1.52x 1.12x 0.92x
EV / Revenue 31.4x 11.1x 1.93x 2.79x 1.8x 1.29x 0.89x 0.68x
EV / EBITDA -47.6x -40.7x -7.12x -9.75x -18x -341x 32.9x 13x
EV / EBIT -55.7x -35.5x -5.96x -7.86x -11x -32.5x 1,577x 26.5x
EV / FCF -194x -68.9x -4.15x -63.2x -17.4x 18.4x 11.5x 8.1x
FCF Yield -0.51% -1.45% -24.1% -1.58% -5.76% 5.45% 8.73% 12.3%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -7.24 -5.92 -10.67 -11.92 -6.12 -1.542 1.415 4.199
Distribution rate - - - - - - - -
Net sales 1 5,844 20,988 26,855 30,676 40,866 77,621 106,056 129,145
EBITDA 1 -3,856 -5,742 -7,295 -8,782 -4,085 -293.2 2,850 6,698
EBIT 1 -3,297 -6,579 -8,706 -10,889 -6,658 -3,071 59.51 3,301
Net income 1 -2,732 -4,863 -9,139 -10,376 -5,790 -1,556 1,762 5,181
Net Debt 1 -31,192 -35,893 -6,814 -11,587 -8,313 -18,403 -24,442 -30,907
Reference price 2 279.62 319.73 68.56 103.46 86.28 123.94 123.94 123.94
Nbr of stocks (in thousands) 768,381 843,413 856,765 939,549 948,803 954,678 954,678 -
Announcement Date 3/8/21 3/28/22 3/17/23 3/19/24 3/18/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-80.37x1.29x-340.83x-.--% 17.13B
293.42x14.97x101.88x-.--% 1,566B
21.76x0.82x6.85x1.32% 117B
20.35x0.85x9.73x1.84% 28.89B
-5.92x3.5x-12.08x-.--% 22B
106.8x0.56x18.94x-.--% 18.63B
-4.64x0.94x-8.41x-.--% 12.52B
74.19x0.63x31.42x-.--% 7.99B
-2.34x5.34x-8.97x - 7.7B
-10.15x1.71x-38.81x-.--% 7.56B
Average 41.31x 3.06x -24.03x 0.35% 180.58B
Weighted average by Cap. 256.78x 13.15x 85.67x 0.12%

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