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 57,434 - -
Change - 155.34% -49.63% - -
Enterprise Value (EV) 1 29,657 94,362 38,847 41,663 41,730
Change - 218.18% -58.83% 7.25% 0.16%
P/E 6.63x -9.61x -114x -37.3x 60.6x
PBR 3.81x 7.96x 4.24x 4.63x 4.3x
PEG - 0x 1.2x -0x -0x
Capitalization / Revenue 18.7x 30.3x 10.8x 6.43x 4.22x
EV / Revenue 12.4x 25.1x 7.31x 4.66x 3.06x
EV / EBITDA -17.4x -32.6x -17.7x -36x 25.1x
EV / EBIT -13.8x -28.3x -12x -29.4x 48.7x
EV / FCF -33.2x -33.6x 7.53x -32.1x 47.2x
FCF Yield -3.02% -2.98% 13.3% -3.12% 2.12%
Dividend per Share 2 - - - - 0.00548
Rate of return - - - - 0.14%
EPS 2 0.51 -0.81 -0.0347 -0.1058 0.0651
Distribution rate - - - - 8.42%
Net sales 1 2,384 3,758 5,313 8,936 13,620
EBITDA 1 -1,706 -2,897 -2,197 -1,159 1,660
EBIT 1 -2,144 -3,339 -3,231 -1,416 857.6
Net income 1 2,347 -10,469 -855.1 -1,585 1,130
Net Debt 1 -14,999 -19,660 -18,587 -15,772 -15,704
Reference price 2 3.383 7.782 3.941 3.941 3.941
Nbr of stocks (in thousands) 13,200,294 14,651,885 14,571,723 - -
Announcement Date 21/03/25 19/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-19.99x7.75x-16.45x-.--% 8.77B
14.93x - - 2.03% 4.36B
-17.52x0.13x1.42x0.71% 4.28B
13.29x - - 3.21% 4.29B
14.06x1.01x6.05x2.85% 3.74B
15.19x1.52x10.69x1.25% 3.74B
14.24x0.53x5.34x-.--% 2.63B
15.15x0.85x9.43x2.16% 2.08B
10.37x0.21x1.92x3.85% 1.62B
Average 6.64x 1.71x 2.63x 1.78% 3.95B
Weighted average by Cap. 1.88x 3.03x -1.45x 1.46%

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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