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 61,367 - -
Change - -78.22% 65.48% -15.79% 65.43% -54.68% - -
Enterprise Value (EV) 1 233,768 51,925 85,615 73,546 130,796 46,557 43,296 38,647
Change - -77.79% 64.88% -14.1% 77.84% -64.41% -7% -10.74%
P/E -54x -6.43x -8.68x -14.1x -118x -18.3x -364x 25.2x
PBR 6.23x 1.6x 2.68x 2.61x 4.45x 2.27x 2.22x 2.13x
PEG - -0.1x -0.7x 0.3x 1.5x -0x 3.8x -0x
Capitalization / Revenue 12.8x 2.19x 3.17x 2x 1.77x 0.7x 0.56x 0.47x
EV / Revenue 11.1x 1.93x 2.79x 1.8x 1.7x 0.53x 0.39x 0.3x
EV / EBITDA -40.7x -7.12x -9.75x -18x 604x -35.7x 19.2x 7.11x
EV / EBIT -35.5x -5.96x -7.86x -11x -47.2x -10.8x -44.2x 24.5x
EV / FCF -68.9x -4.15x -63.2x -17.4x 25.6x -6.87x 7.32x 6.08x
FCF Yield -1.45% -24.1% -1.58% -5.76% 3.9% -14.6% 13.7% 16.5%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -5.92 -10.67 -11.92 -6.12 -1.2 -3.507 -0.1764 2.544
Distribution rate - - - - - - - -
Net sales 1 20,988 26,855 30,676 40,866 76,720 87,090 110,111 130,403
EBITDA 1 -5,742 -7,295 -8,782 -4,085 216.5 -1,305 2,256 5,439
EBIT 1 -6,579 -8,706 -10,889 -6,658 -2,771 -4,326 -980.2 1,578
Net income 1 -4,863 -9,139 -10,376 -5,790 -1,139 -3,836 -93.99 2,756
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 64.13 64.13 64.13
Nbr of stocks (in thousands) 843,413 856,765 939,549 948,803 954,674 956,972 - -
Announcement Date 28/03/22 17/03/23 19/03/24 18/03/25 20/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
335.44x12.96x94.66x-.--% 1,401B
9.35x1.25x11.27x3.5% 220B
15.42x0.82x5.6x1.6% 103B
35.13x8.88x22.62x1.1% 75.72B
7.21x0.32x2.6x0.94% 67.56B
8.27x1.23x13.92x3.17% 59.21B
11.73x0.27x3.35x5% 48.09B
23.61x1.37x7.66x2.27% 47.07B
7.63x0.07x0.66x7.62% 42.5B
Average 50.42x 3.02x 18.04x 2.8% 229.29B
Weighted average by Cap. 232.28x 9.39x 67.34x 0.94%

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