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 29,161 - -
Change - -51.55% -42.89% 13.19% 72.74% -37.57% - -
Enterprise Value (EV) 1 83,741 39,369 20,471 23,923 41,261 22,736 21,536 19,963
Change - -52.99% -48% 16.86% 72.47% -44.9% -5.28% -7.3%
P/E 42.8x 24.6x 38.7x 33.3x 26.4x 13.6x 12.2x 10.8x
PBR 17.4x 6.63x 3.72x 3.76x 5.17x 2.74x 2.37x 2.01x
PEG - -1.5x -0.6x 1x 0x 0.6x 1.1x 0.8x
Capitalization / Revenue 6.6x 2.73x 1.54x 1.63x 2.45x 1.31x 1.15x 1.03x
EV / Revenue 6.4x 2.57x 1.32x 1.45x 2.17x 1.02x 0.85x 0.7x
EV / EBITDA 34.8x 19.5x 22.3x 15.8x 16.7x 8.08x 6.84x 5.62x
EV / EBIT 37.1x 21.7x 32.2x 21.1x 21.7x 9.74x 8.21x 6.82x
EV / FCF 60.6x 37.4x 107x 165x 15.3x 21.9x 10.5x 9.2x
FCF Yield 1.65% 2.67% 0.93% 0.6% 6.55% 4.58% 9.56% 10.9%
Dividend per Share 2 1.1 0.9 0.3 0.45 0.92 1.053 1.291 1.325
Rate of return 0.73% 1.23% 0.72% 0.96% 1.14% 2.09% 2.56% 2.63%
EPS 2 3.53 2.96 1.07 1.41 3.06 3.711 4.14 4.683
Distribution rate 31.2% 30.4% 28% 31.9% 30.1% 28.4% 31.2% 28.3%
Net sales 1 13,086 15,325 15,502 16,542 19,040 22,223 25,431 28,390
EBITDA 1 2,409 2,021 917.4 1,512 2,469 2,813 3,147 3,550
EBIT 1 2,256 1,817 635.9 1,135 1,897 2,335 2,623 2,929
Net income 1 2,010 1,698 612.1 806.1 1,758 2,141 2,374 2,676
Net Debt 1 -2,606 -2,462 -3,418 -3,116 -5,446 -6,425 -7,625 -9,198
Reference price 2 150.95 72.94 41.44 47.00 80.68 50.40 50.40 50.40
Nbr of stocks (in thousands) 572,024 573,500 576,463 575,295 578,921 578,598 - -
Announcement Date 22/4/22 28/4/23 27/4/24 25/4/25 24/4/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.58x1.02x8.08x2.09% 4.34B
7.68x1.15x5.36x7.42% 31.94B
10.29x1.68x6.63x3.35% 5.24B
11.96x0.28x4.71x4.53% 4.89B
14.82x1x10.31x0.67% 4.44B
16.1x - - 4.96% 2.59B
13.98x1.56x11.15x5.94% 2.33B
14.54x0.47x7.69x3.07% 2.05B
22.01x - - 1.94% 2.01B
23.67x1.41x13.61x1.65% 1.47B
Average 14.86x 1.07x 8.44x 3.56% 6.13B
Weighted average by Cap. 10.86x 1.10x 6.55x 5.35%

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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