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Horizon Robotics
HKEX:9660

Watchlist Manager
Horizon Robotics
HKEX:9660
Watchlist
Price: 7.25 HKD -0.28% Market Closed
Market Cap: HK$106.2B

EV/IC

7.2
Current
48%
Cheaper
vs 3-y average of 13.7

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
7.2
=
Enterprise Value
HK$80B
/
Invested Capital
¥9.6B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
7.2
=
Enterprise Value
HK$80B
/
Invested Capital
¥9.6B

Valuation Scenarios

Horizon Robotics is trading below its 3-year average

If EV/IC returns to its 3-Year Average (13.7), the stock would be worth HK$13.83 (91% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-73%
Maximum Upside
+91%
Average Upside
14%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 7.2 HK$7.25
0%
3-Year Average 13.7 HK$13.83
+91%
5-Year Average 13.7 HK$13.83
+91%
Industry Average 3.6 HK$3.57
-51%
Country Average 1.9 HK$1.94
-73%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
CN
Horizon Robotics
HKEX:9660
100.6B HKD 7.2 -8.5
US
Ezenia! Inc
OTC:EZEN
567B USD 566 432.7 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
331.6B USD 197.2 212.4
DE
SAP SE
XETRA:SAP
169.9B EUR 2.9 23.7
US
Salesforce Inc
NYSE:CRM
165.4B USD 1.8 23.1
US
Applovin Corp
NASDAQ:APP
151B USD 39.2 47
US
Intuit Inc
NASDAQ:INTU
107.8B USD 3.7 25.5
US
Adobe Inc
NASDAQ:ADBE
99.9B USD 4.4 14.1
US
Synopsys Inc
NASDAQ:SNPS
92.4B USD 2.3 85.6
US
NCR Corp
LSE:0K45
92B USD 27.8 2 191
US
Cadence Design Systems Inc
NASDAQ:CDNS
89.6B USD 14.3 83.4
P/E Multiple
Earnings Growth PEG
CN
H
Horizon Robotics
HKEX:9660
Average P/E: 300.6
Negative Multiple: -8.5
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
212.4
58%
3.7
DE
SAP SE
XETRA:SAP
23.7
17%
1.4
US
Salesforce Inc
NYSE:CRM
23.1
31%
0.7
US
Applovin Corp
NASDAQ:APP
47
38%
1.2
US
Intuit Inc
NASDAQ:INTU
25.5
30%
0.9
US
Adobe Inc
NASDAQ:ADBE
14.1
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
85.6
44%
1.9
US
N
NCR Corp
LSE:0K45
2 191
52%
42.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
83.4
39%
2.1

Market Distribution

Higher than 88% of companies in China
Percentile
88th
Based on 7 566 companies
88th percentile
7.2
Low
0 — 1.1
Typical Range
1.1 — 3.4
High
3.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.1
Median 1.9
70th Percentile 3.4
Max 1 129 391.6

Horizon Robotics
Glance View

Market Cap
106.2B 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 23%
Intrinsic Value
Price HK$7.25
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