Company Valuation: Ecovacs Robotics Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 86,347 41,831 23,889 27,039 46,707 29,902 - -
Change - -51.55% -42.89% 13.19% 72.74% -35.98% - -
Enterprise Value (EV) 1 83,741 39,369 20,471 23,923 41,261 23,469 22,184 20,559
Change - -52.99% -48% 16.86% 72.47% -43.12% -5.47% -7.32%
P/E 42.8x 24.6x 38.7x 33.3x 26.4x 14.4x 12.2x 10.6x
PBR 17.4x 6.63x 3.72x 3.76x 5.17x 2.83x 2.43x 2.04x
PEG - -1.5x -0.6x 1x 0x 0.8x 0.7x 0.7x
Capitalization / Revenue 6.6x 2.73x 1.54x 1.63x 2.45x 1.34x 1.18x 1.05x
EV / Revenue 6.4x 2.57x 1.32x 1.45x 2.17x 1.06x 0.88x 0.72x
EV / EBITDA 34.8x 19.5x 22.3x 15.8x 16.7x 8.64x 6.99x 5.67x
EV / EBIT 37.1x 21.7x 32.2x 21.1x 21.7x 10.6x 8.5x 6.89x
EV / FCF 60.6x 37.4x 107x 165x 15.3x 19.6x 10.4x 8.93x
FCF Yield 1.65% 2.67% 0.93% 0.6% 6.55% 5.1% 9.58% 11.2%
Dividend per Share 2 1.1 0.9 0.3 0.45 0.92 1.049 1.33 1.358
Rate of return 0.73% 1.23% 0.72% 0.96% 1.14% 2.03% 2.57% 2.63%
EPS 2 3.53 2.96 1.07 1.41 3.06 3.585 4.24 4.867
Distribution rate 31.2% 30.4% 28% 31.9% 30.1% 29.3% 31.4% 27.9%
Net sales 1 13,086 15,325 15,502 16,542 19,040 22,239 25,312 28,548
EBITDA 1 2,409 2,021 917.4 1,512 2,469 2,716 3,174 3,624
EBIT 1 2,256 1,817 635.9 1,135 1,897 2,216 2,611 2,985
Net income 1 2,010 1,698 612.1 806.1 1,758 2,061 2,431 2,773
Net Debt 1 -2,606 -2,462 -3,418 -3,116 -5,446 -6,433 -7,718 -9,343
Reference price 2 150.95 72.94 41.44 47.00 80.68 51.68 51.68 51.68
Nbr of stocks (in thousands) 572,024 573,500 576,463 575,295 578,921 578,598 - -
Announcement Date 22/04/22 28/04/23 27/04/24 25/04/25 25/04/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.42x1.06x8.64x2.03% 4.41B
7.24x0.99x4.91x7.65% 31.51B
10.28x0.26x4.6x5.05% 4.66B
9.21x1.52x5.88x3.54% 4.2B
12.94x0.86x9.31x0.79% 3.82B
25.21x0.52x8.33x2.21% 2.64B
16.55x - - 5.29% 2.4B
10.2x1.22x7.71x6.96% 2.11B
21.57x - - 1.98% 1.95B
-6529.59x - - - 1.93B
Average -640.20x 0.92x 7.05x 3.94% 5.96B
Weighted average by Cap. -200.94x 0.95x 5.86x 5.7%

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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