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 53,007 - -
Change - 155.34% -53.51% - -
Enterprise Value (EV) 1 29,657 94,362 34,220 36,371 36,303
Change - 218.18% -63.74% 6.28% -0.19%
P/E 6.63x -9.61x -151x -26x 262x
PBR 3.81x 7.96x 3.99x 4.16x 3.98x
PEG - 0x 1.6x -0x -2x
Capitalization / Revenue 18.7x 30.3x 10x 6.24x 4.02x
EV / Revenue 12.4x 25.1x 6.49x 4.28x 2.75x
EV / EBITDA -17.4x -32.6x -15.7x -31.1x 21.9x
EV / EBIT -13.8x -28.3x -10.8x -21.2x 61.5x
EV / FCF -33.2x -33.6x -73x -19.6x 135x
FCF Yield -3.02% -2.98% -1.37% -5.1% 0.74%
Dividend per Share 2 - - - - 0.00548
Rate of return - - - - 0.15%
EPS 2 0.51 -0.81 -0.0241 -0.1397 0.0139
Distribution rate - - - - 39.5%
Net sales 1 2,384 3,758 5,275 8,495 13,180
EBITDA 1 -1,706 -2,897 -2,185 -1,169 1,660
EBIT 1 -2,144 -3,339 -3,160 -1,714 590.6
Net income 1 2,347 -10,469 -293.5 -2,091 388
Net Debt 1 -14,999 -19,660 -18,787 -16,636 -16,704
Reference price 2 3.383 7.782 3.638 3.638 3.638
Nbr of stocks (in thousands) 13,200,294 14,651,885 14,571,723 - -
Announcement Date 21/3/25 19/3/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-151.19x6.49x-15.66x-.--% 7.9B
14.44x - - 2.09% 4.38B
-18.04x0.13x1.49x0.69% 4.42B
12.31x - - 3.43% 4.15B
16.49x1.54x10.46x1.17% 3.8B
14.25x1.02x6.13x2.81% 3.8B
14.76x0.53x5.35x-.--% 2.71B
15.31x0.86x9.54x2.14% 2.11B
9.56x0.18x1.68x4.18% 1.5B
Average -8.01x 1.54x 2.71x 1.83% 3.86B
Weighted average by Cap. -27.50x 2.48x -0.65x 1.51%

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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