Company Valuation: Hesai Group

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 7,931 12,859 24,464 16,737 - -
Change - 62.13% 90.24% -31.58% - -
Enterprise Value (EV) 1 6,663 10,290 23,527 15,227 15,273 15,388
Change - 54.44% 128.65% -35.28% 0.3% 0.75%
P/E -16.6x -128x 52.6x 32.9x 17.9x 12.3x
PBR 2.08x 3.37x 2.43x 1.78x 1.63x 1.45x
PEG 0.4x 1.6x -0x 3.6x 0.2x 0.3x
Capitalization / Revenue 4.23x 6.19x 8.08x 3.9x 2.76x 2.08x
EV / Revenue 3.55x 4.95x 7.77x 3.55x 2.51x 1.92x
EV / EBITDA -13.7x -141x 80.4x 31.7x 15.2x 10x
EV / EBIT -11.7x -50.2x 139x 44.7x 19.4x 12x
EV / FCF -18.6x -49.5x -104x 560x 50.8x 28.5x
FCF Yield -5.36% -2.02% -0.96% 0.18% 1.97% 3.5%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -3.81 -0.79 2.98 3.253 5.984 8.725
Distribution rate - - - - - -
Net sales 1 1,877 2,077 3,028 4,295 6,073 8,029
EBITDA 1 -485.3 -73.1 292.5 479.7 1,002 1,533
EBIT 1 -571.6 -204.9 168.8 340.5 785.3 1,280
Net income 1 -476 -102.4 435.9 496.8 875.9 1,323
Net Debt 1 -1,269 -2,570 -936.5 -1,510 -1,464 -1,349
Reference price 2 63.18 100.87 156.67 106.99 106.99 106.99
Nbr of stocks (in thousands) 125,535 127,478 156,142 156,440 - -
Announcement Date 11/03/24 10/03/25 24/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.89x3.55x31.74x-.--% 2.5B
33.08x6.16x18.8x0.68% 208B
57.26x7.16x24.55x0.76% 132B
34.5x12.27x22.4x0.8% 124B
13.5x0.31x6.8x3.72% 111B
38.91x6.37x20.82x0.9% 90.94B
72.23x7.74x35.81x0.19% 82.3B
25.33x9.09x18.46x0.5% 80.86B
19.41x3.27x12.52x1.38% 61.11B
17.64x1.05x11.79x0.73% 59.59B
Average 34.48x 5.69x 20.37x 0.97% 95.25B
Weighted average by Cap. 35.79x 6.31x 19.50x 1.07%

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

  1. Stock Market
  2. Stocks
  3. HSAI Stock
  4. Valuation Hesai Group