H

Horizon Robotics
HKEX:9660

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Horizon Robotics
HKEX:9660
Watchlist
Price: 7.65 HKD -2.8% Market Closed
Market Cap: HK$112B

EV/EBIT

-22.1
Current
29%
Cheaper
vs 3-y average of -31.1

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
-22.1
=
Enterprise Value
HK$80B
/
EBIT
¥-3.3B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
-22.1
=
Enterprise Value
HK$80B
/
EBIT
¥-3.3B

Valuation Scenarios

Horizon Robotics is trading above its industry average

If EV/EBIT returns to its Industry Average (54.5), the stock would be worth HK$-18.84 (346% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-346%
Maximum Upside
No Upside Scenarios
Average Downside
288%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple -22.1 HK$7.65
0%
Industry Average 54.5 HK$-18.84
-346%
Country Average 28.9 HK$-9.99
-231%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
HK$80B
/
Jan 2026
¥-3.3B
=
-22.1
Current
HK$80B
/
Dec 2026
¥-1.9B
=
-41.3
Forward
HK$80B
/
Dec 2027
¥-281.7m
=
-283.8
Forward
HK$80B
/
Dec 2028
¥2.4B
=
32.8
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CN
Horizon Robotics
HKEX:9660
109.2B HKD -22.1 -9
US
Ezenia! Inc
OTC:EZEN
567B USD -177 298 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
347.9B USD 240.6 213.6
DE
SAP SE
XETRA:SAP
176.3B EUR 16.4 23.7
US
Salesforce Inc
NYSE:CRM
175.3B USD 19.8 23.5
US
Applovin Corp
NASDAQ:APP
160.1B USD 38.8 48
US
Intuit Inc
NASDAQ:INTU
112.3B USD 20.9 25.8
US
Adobe Inc
NASDAQ:ADBE
100.4B USD 10.9 13.9
US
NCR Corp
LSE:0K45
93.7B USD 652.4 2 231.7
US
Synopsys Inc
NASDAQ:SNPS
89.5B USD 98.9 81.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
88.6B USD 53 79.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
H
Horizon Robotics
HKEX:9660
Average EV/EBIT: 128
Negative Multiple: -22.1
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
240.6
82%
2.9
DE
SAP SE
XETRA:SAP
16.4
15%
1.1
US
Salesforce Inc
NYSE:CRM
19.8
29%
0.7
US
Applovin Corp
NASDAQ:APP
38.8
37%
1
US
Intuit Inc
NASDAQ:INTU
20.9
31%
0.7
US
Adobe Inc
NASDAQ:ADBE
10.9
17%
0.6
US
N
NCR Corp
LSE:0K45
652.4
23%
28.4
US
Synopsys Inc
NASDAQ:SNPS
98.9
79%
1.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
53
28%
1.9
P/E Multiple
Earnings Growth PEG
CN
H
Horizon Robotics
HKEX:9660
Average P/E: 304.6
Negative Multiple: -9
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
213.6
58%
3.7
DE
SAP SE
XETRA:SAP
23.7
17%
1.4
US
Salesforce Inc
NYSE:CRM
23.5
29%
0.8
US
Applovin Corp
NASDAQ:APP
48
38%
1.3
US
Intuit Inc
NASDAQ:INTU
25.8
30%
0.9
US
Adobe Inc
NASDAQ:ADBE
13.9
20%
0.7
US
N
NCR Corp
LSE:0K45
2 231.7
52%
42.9
US
Synopsys Inc
NASDAQ:SNPS
81.3
44%
1.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
79.9
39%
2

Market Distribution

Lower than 100% of companies in China
Percentile
0th
Based on 5 337 companies
0th percentile
-22.1
Low
0 — 16.6
Typical Range
16.6 — 52.9
High
52.9 —
Distribution Statistics
China
Min 0
30th Percentile 16.6
Median 28.9
70th Percentile 52.9
Max 49 021

Horizon Robotics
Glance View

Market Cap
112B HKD
Industry
Technology

In the expansive realm of artificial intelligence and autonomous driving technology, Horizon Robotics has carved a unique niche, transcending typical industry preconceptions. Founded in 2015 by Yu Kai, a former executive at Baidu, the company was born out of a vision to revolutionize in-vehicle computing power. Horizon Robotics develops energy-efficient AI chips specifically designed for smart vehicles, enabling self-driving capabilities and enhanced onboard intelligence. Their proprietary Brain Processing Unit (BPU) architecture forms the core of their products, seamlessly integrating advanced algorithms with edge computing. At the heart of their innovation is Journey, a series of powerful AI processors tailored to meet the demanding requirements of autonomous navigation, object detection, and decision-making processes within vehicles. Horizon Robotics' journey in monetizing its cutting-edge technology is multi-faceted. It primarily generates revenue through direct sales and strategic partnerships with automotive manufacturers and Tier 1 suppliers. By embedding its AI solutions into the vehicle ecosystems, the company not only enhances vehicle safety and performance but also offers scalable solutions that can drive the future of mobility. Its collaborative approach is evident in its alliances with leading automotive brands in China and beyond, enabling carmakers to build vehicles that are smarter and more intuitive. Such partnerships help in creating a robust ecosystem around their chips, ensuring a steady stream of revenue while positioning Horizon Robotics as a formidable player in the global race toward autonomous driving.

Intrinsic Value
5.58 HKD
Overvaluation 27%
Intrinsic Value
Price HK$7.65
H
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