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 31,996 - -
Change - -51.55% -42.89% 13.19% 72.74% -31.5% - -
Enterprise Value (EV) 1 83,741 39,369 20,471 23,923 41,261 25,571 24,308 22,708
Change - -52.99% -48% 16.86% 72.47% -38.03% -4.94% -6.58%
P/E 42.8x 24.6x 38.7x 33.3x 26.4x 15.5x 13.1x 11.4x
PBR 17.4x 6.63x 3.72x 3.76x 5.17x 3.03x 2.6x 2.19x
PEG - -1.5x -0.6x 1x 0x 0.9x 0.7x 0.8x
Capitalization / Revenue 6.6x 2.73x 1.54x 1.63x 2.45x 1.44x 1.27x 1.13x
EV / Revenue 6.4x 2.57x 1.32x 1.45x 2.17x 1.15x 0.96x 0.8x
EV / EBITDA 34.8x 19.5x 22.3x 15.8x 16.7x 9.44x 7.7x 6.31x
EV / EBIT 37.1x 21.7x 32.2x 21.1x 21.7x 11.6x 9.36x 7.66x
EV / FCF 60.6x 37.4x 107x 165x 15.3x 21.4x 11.4x 9.87x
FCF Yield 1.65% 2.67% 0.93% 0.6% 6.55% 4.68% 8.74% 10.1%
Dividend per Share 2 1.1 0.9 0.3 0.45 0.92 1.045 1.321 1.344
Rate of return 0.73% 1.23% 0.72% 0.96% 1.14% 1.89% 2.39% 2.43%
EPS 2 3.53 2.96 1.07 1.41 3.06 3.574 4.217 4.833
Distribution rate 31.2% 30.4% 28% 31.9% 30.1% 29.2% 31.3% 27.8%
Net sales 1 13,086 15,325 15,502 16,542 19,040 22,191 25,219 28,401
EBITDA 1 2,409 2,021 917.4 1,512 2,469 2,708 3,157 3,599
EBIT 1 2,256 1,817 635.9 1,135 1,897 2,209 2,596 2,963
Net income 1 2,010 1,698 612.1 806.1 1,758 2,055 2,418 2,755
Net Debt 1 -2,606 -2,462 -3,418 -3,116 -5,446 -6,426 -7,688 -9,288
Reference price 2 150.95 72.94 41.44 47.00 80.68 55.30 55.30 55.30
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.94x1.1x9.03x1.96% 4.56B
7.55x1.05x5.16x7.33% 32.92B
10.38x0.26x4.7x4.99% 4.73B
9.85x1.6x6.26x3.29% 4.56B
12.96x0.85x9.36x0.79% 3.79B
58.53x0.51x8.32x2.36% 2.48B
10.65x1.28x8.1x6.66% 2.19B
14.01x - - 6.25% 2.03B
21.55x - - 1.98% 1.95B
27.08x1.66x15.95x1.48% 1.72B
Average 18.75x 1.04x 8.36x 3.71% 6.09B
Weighted average by Cap. 12.23x 1.02x 6.37x 5.44%

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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