Company Valuation: XPeng Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 269,661 58,738 97,202 81,858 135,417 68,111 - -
Change - -78.22% 65.48% -15.79% 65.43% -49.7% - -
Enterprise Value (EV) 1 233,768 51,925 85,615 73,546 130,796 53,300 50,040 45,391
Change - -77.79% 64.88% -14.1% 77.84% -59.25% -6.12% -9.29%
P/E -54x -6.43x -8.68x -14.1x -118x -20x 289x 28x
PBR 6.23x 1.6x 2.68x 2.61x 4.45x 2.53x 2.46x 2.33x
PEG - -0.1x -0.7x 0.3x 1.5x -0x -3x 0x
Capitalization / Revenue 12.8x 2.19x 3.17x 2x 1.77x 0.78x 0.61x 0.52x
EV / Revenue 11.1x 1.93x 2.79x 1.8x 1.7x 0.61x 0.45x 0.34x
EV / EBITDA -40.7x -7.12x -9.75x -18x 604x -39.9x 22.8x 8.58x
EV / EBIT -35.5x -5.96x -7.86x -11x -47.2x -12.2x -68.9x 25.9x
EV / FCF -68.9x -4.15x -63.2x -17.4x 25.6x -7.86x 8.46x 7.14x
FCF Yield -1.45% -24.1% -1.58% -5.76% 3.9% -12.7% 11.8% 14%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -5.92 -10.67 -11.92 -6.12 -1.2 -3.559 0.2463 2.544
Distribution rate - - - - - - - -
Net sales 1 20,988 26,855 30,676 40,866 76,720 87,096 112,119 131,726
EBITDA 1 -5,742 -7,295 -8,782 -4,085 216.5 -1,337 2,196 5,288
EBIT 1 -6,579 -8,706 -10,889 -6,658 -2,771 -4,356 -726.4 1,753
Net income 1 -4,863 -9,139 -10,376 -5,790 -1,139 -3,865 144.7 2,646
Net Debt 1 -35,893 -6,814 -11,587 -8,313 -4,621 -14,811 -18,071 -22,720
Reference price 2 319.73 68.56 103.46 86.28 141.85 71.17 71.17 71.17
Nbr of stocks (in thousands) 843,413 856,765 939,549 948,803 954,674 956,972 - -
Announcement Date 3/28/22 3/17/23 3/19/24 3/18/25 3/20/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
338.84x13.33x95.86x-.--% 1,439B
16.61x0.84x5.73x1.49% 106B
-6.15x3.21x-12.56x-.--% 21.7B
71.01x0.06x1.51x0.11% 11.94B
-24.25x0.22x-30.03x-.--% 11.91B
-20x0.61x-39.87x-.--% 10.16B
-26.76x0.35x5.86x-.--% 9.16B
-2.11x2.94x-7.77x - 7.56B
16.3x0.19x4.83x-.--% 6.75B
Average 40.39x 2.42x 2.62x 0.2% 180.45B
Weighted average by Cap. 301.29x 11.93x 84.69x 0.1%

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

-40%: Exceptional extension
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