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 74,237 - -
Change - -78.22% 65.48% -15.79% 65.43% -45.18% - -
Enterprise Value (EV) 1 233,768 51,925 85,615 73,546 130,796 59,426 56,166 51,517
Change - -77.79% 64.88% -14.1% 77.84% -54.57% -5.49% -8.28%
P/E -54x -6.43x -8.68x -14.1x -118x -21.6x 135x 26.8x
PBR 6.23x 1.6x 2.68x 2.61x 4.45x 2.74x 2.59x 2.41x
PEG - -0.1x -0.7x 0.3x 1.5x -0x -1x 0x
Capitalization / Revenue 12.8x 2.19x 3.17x 2x 1.77x 0.85x 0.65x 0.56x
EV / Revenue 11.1x 1.93x 2.79x 1.8x 1.7x 0.68x 0.5x 0.39x
EV / EBITDA -40.7x -7.12x -9.75x -18x 604x -42.1x 16.6x 9.42x
EV / EBIT -35.5x -5.96x -7.86x -11x -47.2x -13.4x -96.7x 27.5x
EV / FCF -68.9x -4.15x -63.2x -17.4x 25.6x -12.7x 9.18x 8.31x
FCF Yield -1.45% -24.1% -1.58% -5.76% 3.9% -7.86% 10.9% 12%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -5.92 -10.67 -11.92 -6.12 -1.2 -3.593 0.5735 2.889
Distribution rate - - - - - - - -
Net sales 1 20,988 26,855 30,676 40,866 76,720 87,233 113,347 131,619
EBITDA 1 -5,742 -7,295 -8,782 -4,085 216.5 -1,410 3,387 5,469
EBIT 1 -6,579 -8,706 -10,889 -6,658 -2,771 -4,420 -580.7 1,877
Net income 1 -4,863 -9,139 -10,376 -5,790 -1,139 -3,956 476.6 2,943
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 77.57 77.57 77.57
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
324.4x12.77x92.26x-.--% 1,377B
19.46x0.84x5.53x0.51% 117B
-6.6x3.41x-13.28x-.--% 23.27B
76.13x0.59x14.77x0.11% 12.8B
-34.48x0.23x-109.93x-.--% 11.99B
-21.59x0.68x-41.26x-.--% 11.03B
-37.79x0.39x6.25x-.--% 10.94B
-2.01x2.88x-7.6x - 7.21B
17.8x0.23x5.6x-.--% 7.05B
Average 37.26x 2.45x -5.29x 0.08% 175.44B
Weighted average by Cap. 284.35x 11.28x 79.73x 0.04%

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