RLX Technology 향후 성장
Future 기준 점검 2/6
RLX Technology (는) 각각 연간 13.8% 및 19.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 13.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 8.3% 로 예상됩니다.
핵심 정보
13.8%
이익 성장률
13.95%
EPS 성장률
| Tobacco 이익 성장 | 7.2% |
| 매출 성장률 | 19.7% |
| 향후 자기자본이익률 | 8.26% |
| 애널리스트 커버리지 | Good |
| 마지막 업데이트 | 14 Jul 2026 |
최근 향후 성장 업데이트
Recent updates
내러티브 업데이트 • Jul 10
RLX: Cautious Margins And Completed Buyback Will Support Future Upside Potential
Analysts have adjusted their price target on RLX Technology to $2.98 from $3.14, reflecting slightly more conservative assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E in their models. What's in the News No recent company specific news for RLX Technology was identified in the provided sources.
내러티브 업데이트 • Jun 17
RLX: International Expansion And Buybacks Will Support Future Stock Upside
Analysts have lowered their price target on RLX Technology stock to $2.33 from $2.50, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E. What’s in the News for RLX Technology RLX Technology reported fiscal Q1 2026 results with revenue nearly doubling year over year, according to recent earnings coverage.
내러티브 업데이트 • Jun 02
RLX: Margin Reset And International Expansion Will Support Future Upside
RLX Technology's revised analyst price target has moved from $2.60 to $2.50, as analysts adjust for a more cautious margin outlook reflected in updated fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Q1 2026 unaudited revenue was reported at RMB 1.59b.Seeking Alpha • May 30
RLX Technology: Focus On The Fundamentals
Summary RLX Technology Inc (RLX) is a fully integrated manufacturer of e-cigarette products based in Shenzhen, China. The vaping industry is estimated to see 10x growth from 2025 to 2033 and reach $462bn. RLX had a payout ratio of 103% in 2025, is cash rich, carries no debt and the dividend is expected to grow over the next few years. Read the full article on Seeking Alpha내러티브 업데이트 • May 13
RLX: Cautious Margins And Completed Buyback Will Support Future Upside Potential
Analysts have revised their fair value estimate for RLX Technology to about $3.14 from roughly $3.04 and lowered the Street price target to $2.50 from $2.60, citing updated models that incorporate a more cautious margin profile even as revenue projections increase. Analyst Commentary Recent research focuses on how a more cautious margin outlook feeds into RLX Technology's valuation, even as revenue expectations are adjusted in the latest models.내러티브 업데이트 • Apr 21
RLX: Completed Buybacks And Prudent Margins Will Support Future Upside
Narrative Update Analysts now see RLX Technology's fair value aligning with a reduced price target of $2.50 from $2.60, reflecting updated expectations for a more conservative margin profile. Analyst Commentary Bearish analysts are signaling a more cautious stance on RLX Technology after the latest Q4 update, with price targets adjusted to reflect a less generous outlook on margins and execution risk.내러티브 업데이트 • Apr 06
RLX: Prudent Margin Reset And Completed Buyback Will Support Upside
Analysts have trimmed their price target on RLX Technology by $0.10 to $2.50, citing updates to their models that reflect a more cautious view on margins and profitability. Analyst Commentary Recent commentary points to a more cautious stance on profitability, but also highlights that RLX Technology remains on research radars with a refined view of its margin and earnings profile.내러티브 업데이트 • Mar 23
RLX: Extended Buybacks And Cautious Margins Will Support Future Upside Potential
Analysts have trimmed their price target on RLX Technology to $2.50 from $2.60, reflecting updated models that incorporate a more cautious margin outlook and a higher future P/E assumption. Analyst Commentary Bearish analysts are signaling a more cautious stance on RLX Technology after the latest Q4 update, reflected in the reduction of the price target to $2.50.내러티브 업데이트 • Mar 09
RLX: Extended Buybacks And Stable Outlook Will Support Future Upside Potential
Analysts have made a modest trim to their RLX Technology price target to $2.65, reflecting slightly higher discount rate assumptions, steady fair value estimates and only small tweaks to projected revenue growth, profit margins and future P/E. What's in the News On December 31, 2025, RLX Technology extended its existing share repurchase plan, setting a new end date of December 31, 2027 (Key Developments).내러티브 업데이트 • Feb 23
RLX: Extended Share Repurchases Will Support Future Return Potential
Analysts have modestly adjusted their price target for RLX Technology, citing slightly different assumptions for discount rate, revenue growth, profit margin, and future P/E. Together, these factors refine their view of the stock's risk and earnings potential in dollar terms.분석 기사 • Feb 09
Is RLX Technology (NYSE:RLX) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...내러티브 업데이트 • Feb 08
RLX: Share Repurchases And Margin Assumptions Will Shape Future Returns
Analysts have trimmed their price target on RLX Technology to US$2.65 per share. This reflects slightly higher assumed discount rates and modest adjustments to revenue growth, profit margin, and future P/E expectations.내러티브 업데이트 • Jan 25
RLX: Share Repurchases And Margin Outlook Will Shape Future Returns
Analysts have nudged their fair value estimate for RLX Technology from about US$2.61 to roughly US$2.65 per share. This reflects updated assumptions that include adjusted revenue growth expectations, a slightly lower discount rate, a revised profit margin outlook and a reduced future P/E multiple.분석 기사 • Jan 24
Here's What's Concerning About RLX Technology's (NYSE:RLX) Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...내러티브 업데이트 • Jan 11
RLX: Share Repurchases And Extended Buyback Horizon Will Support Upside
Analysts have inched up their fair value estimate for RLX Technology from about US$4.02 to roughly US$4.10 per share. This reflects slightly lower assumed discount rates, modestly adjusted revenue growth and profit margin expectations, and a small revision to the future P/E input.내러티브 업데이트 • Dec 26
RLX: Stable Margins And Faster Revenue Will Drive Shares Higher
Analysts have slightly raised their price target on RLX Technology, reflecting marginally faster expected revenue growth, a modest reduction in discount rates, and a minor adjustment to future earnings multiples, while profit margin forecasts remain broadly stable. Valuation Changes Fair Value: Unchanged at $2.61 per share, indicating no material revision to the intrinsic value estimate.분석 기사 • Dec 25
Investors Still Waiting For A Pull Back In RLX Technology Inc. (NYSE:RLX)
RLX Technology Inc.'s ( NYSE:RLX ) price-to-earnings (or "P/E") ratio of 25.5x might make it look like a sell right now...내러티브 업데이트 • Dec 12
RLX: Higher Margins Will Offset Softer Revenue Outlook Going Forward
Analysts have raised their price target on RLX Technology from approximately 2.34 dollars to 2.61 dollars, citing expectations for stronger profit margins that more than offset slightly slower projected revenue growth and a marginally higher discount rate. Valuation Changes Fair Value: increased moderately from 2.34 dollars to 2.61 dollars per share, reflecting higher estimated intrinsic value.분석 기사 • Oct 23
RLX Technology (NYSE:RLX) Will Want To Turn Around Its Return Trends
What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...분석 기사 • Oct 01
RLX Technology Inc. (NYSE:RLX) Shares Could Be 32% Below Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, RLX Technology fair value estimate is US$3.88 Current share...내러티브 업데이트 • Aug 27
Termination Of Noncompete With Relx Inc Will Drive Future Success
RLX Technology's consensus price target has increased to $2.93, as a steep drop in its future P/E suggests significantly improved earnings expectations despite a decline in net profit margin. Valuation Changes Summary of Valuation Changes for RLX Technology The Consensus Analyst Price Target has risen slightly from $2.83 to $2.93.분석 기사 • Aug 01
Investors Appear Satisfied With RLX Technology Inc.'s (NYSE:RLX) Prospects
With a price-to-earnings (or "P/E") ratio of 31.3x RLX Technology Inc. ( NYSE:RLX ) may be sending very bearish signals...분석 기사 • Jul 10
RLX Technology (NYSE:RLX) Has A Rock Solid Balance Sheet
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Jun 22
Is Now An Opportune Moment To Examine RLX Technology Inc. (NYSE:RLX)?
While RLX Technology Inc. ( NYSE:RLX ) might not have the largest market cap around , it led the NYSE gainers with a...분석 기사 • Apr 15
RLX Technology Inc.'s (NYSE:RLX) Stock Retreats 26% But Earnings Haven't Escaped The Attention Of Investors
RLX Technology Inc. ( NYSE:RLX ) shareholders that were waiting for something to happen have been dealt a blow with a...분석 기사 • Mar 30
Is RLX Technology (NYSE:RLX) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...분석 기사 • Jan 31
With RLX Technology Inc. (NYSE:RLX) It Looks Like You'll Get What You Pay For
When you see that almost half of the companies in the Tobacco industry in the United States have price-to-sales ratios...Seeking Alpha • Jan 17
RLX Technology: Vaporizing Boundaries For Global Growth
Summary RLX Technology is well-positioned to benefit from China's shift to e-vapor, holding a dominant 60% market share and expanding globally. Strong 3Q24 results with 52% y/y revenue growth and improved margins; international markets like Japan and New Zealand show significant growth. Management expects mid-to-high single-digit Q/Q growth in overseas business for Q4 2024 and a 20%-30% CAGR over the next 2-3 years. Valuation at 18.8x 2025E P/E with significant cash reserves offers a safety margin; DCF analysis values RLX at $2.60/share, a 22% upside. Read the full article on Seeking Alpha
새로운 내러티브 • Nov 21
Innovative Expansion And Decisive Shareholder Focus Drive Global Revenue Growth
Strategic international expansion and product innovation could drive future revenue growth by capturing diverse consumer segments and increasing market share.분석 기사 • Sep 14
Is It Too Late To Consider Buying RLX Technology Inc. (NYSE:RLX)?
While RLX Technology Inc. ( NYSE:RLX ) might not have the largest market cap around , it received a lot of attention...Seeking Alpha • Aug 21
RLX Technology: Bright Spots Amid Results Miss
Summary My Hold rating for RLX Technology stock stays unchanged, as there were both positives and negatives pertaining to the company's Q2 performance and disclosures. RLX's top line and bottom line fell short of expectations due to competition from illegal cigarettes in China and channel expansion efforts in overseas markets. But RLX Technology has good R&D capabilities, and the pace of regulatory approval for new e-cigarette products in the Chinese market has gotten faster. Read the full article on Seeking Alpha분석 기사 • Aug 08
Shareholders Should Be Pleased With RLX Technology Inc.'s (NYSE:RLX) Price
RLX Technology Inc.'s ( NYSE:RLX ) price-to-earnings (or "P/E") ratio of 19.8x might make it look like a sell right now...분석 기사 • May 30
Is There Now An Opportunity In RLX Technology Inc. (NYSE:RLX)?
RLX Technology Inc. ( NYSE:RLX ), might not be a large cap stock, but it saw significant share price movement during...분석 기사 • Apr 22
Is RLX Technology (NYSE:RLX) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Mar 19
RLX: Focus On Both Q4 Results And Outlook (Rating Upgrade)
Summary RLX Technology Inc.'s Q4 2023 results surpassed expectations due to its expansion into new geographical markets and good cost control. But I am uncertain about the company's prospects, taking into account risks like a potential delay in new product approvals and the competitive threat from illicit products. My rating for RLX Technology is a Hold now (versus a Sell previously), following a consideration of its Q4 performance, business outlook, and shareholder capital return expectations. Read the full article on Seeking Alpha분석 기사 • Feb 11
Are Investors Undervaluing RLX Technology Inc. (NYSE:RLX) By 48%?
Key Insights RLX Technology's estimated fair value is US$3.59 based on 2 Stage Free Cash Flow to Equity Current share...분석 기사 • Dec 20
At US$2.08, Is It Time To Put RLX Technology Inc. (NYSE:RLX) On Your Watch List?
While RLX Technology Inc. ( NYSE:RLX ) might not have the largest market cap around , it saw a significant share price...Seeking Alpha • Nov 22
RLX Stabilizes As Air Clears In New Regulatory Environment
Summary RLX Technology’s revenue totaled 428 million yuan in the third quarter, up slightly from the previous quarter, while its profit fell 15% over that period. The company terminated its non-compete agreement with Relx on Nov. 10, paving the way for it to expand its e-cigarette business outside China. RLX Technology has a trailing P/E ratio of nearly 200 times due to its low profits, much higher than 21 times for Smoore. Read the full article on Seeking AlphaSeeking Alpha • Nov 01
RLX: Negative Read-Throughs From Contract Manufacturer's Recent Results
Summary RLX Technology's key contract manufacturer, Smoore, delivered a lackluster set of results for the third quarter of 2023. Smoore's poor Q3 2023 results send unfavorable signals about RLX Technology's near-term business prospects. A sell rating for RLX is maintained, after reviewing its key contract manufacturer's quarterly financial numbers. Read the full article on Seeking Alpha분석 기사 • Aug 29
The RLX Technology Inc. (NYSE:RLX) Analysts Have Been Trimming Their Sales Forecasts
One thing we could say about the analysts on RLX Technology Inc. ( NYSE:RLX ) - they aren't optimistic, having just...Seeking Alpha • Aug 24
RLX Holds Breath As Illegal Vaping Slows Its Rebound
Summary China’s vaping giant has been slow to bounce back from an industry crackdown due to competition from makers of illegal rival products. RLX’s revenue plunged 83% in the second quarter year-on-year, but was up from the previous quarter as it adjusts to a new regulatory framework launched last fall. Despite complying with the new framework, China’s leading maker of vaping devices continues to face challenges from illegal rival products. Read the full article on Seeking AlphaSeeking Alpha • Aug 04
RLX Technology: A Potential Miss For Upcoming Results
Summary Analysts see RLX delivering a better set of results in Q2 2023 as compared to that for Q1 2023. In my view, the sell-side is too bullish on RLX's near-term prospects, and I'm expecting the company's actual second quarter performance to be weaker than what the market anticipates. I revise my rating for RLX to a Sell, taking into account the potential Q2 miss and its rich valuations. Read the full article on Seeking Alpha분석 기사 • Jul 18
When Should You Buy RLX Technology Inc. (NYSE:RLX)?
While RLX Technology Inc. ( NYSE:RLX ) might not be the most widely known stock at the moment, it received a lot of...분석 기사 • Jun 08
RLX Technology (NYSE:RLX) Could Be Struggling To Allocate Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...Seeking Alpha • May 26
RLX Technology: Recent Share Price Correction Is Justified
Summary RLX has been hit by a substantial stock price correction and a significant valuation multiple compression after it reported a disappointing set of results for Q1 2023. With the e-cigarette market in China becoming regulated in late-2022, RLX Technology's sales and profit margins have been negatively impacted by adverse regulatory changes. I rate RLX's shares as a Hold, as I think that its recent share price pullback is justified, and recovery to pre-regulation revenue and profitability levels will take time. Read the full article on Seeking Alpha분석 기사 • Apr 25
RLX Technology Inc. (NYSE:RLX) Shares Could Be 46% Below Their Intrinsic Value Estimate
Key Insights The projected fair value for RLX Technology is US$4.63 based on 2 Stage Free Cash Flow to Equity RLX...분석 기사 • Mar 17
Weak Statutory Earnings May Not Tell The Whole Story For RLX Technology (NYSE:RLX)
Despite RLX Technology Inc.'s ( NYSE:RLX ) recent earnings report having lackluster headline numbers, the market...분석 기사 • Mar 16
The RLX Technology Inc. (NYSE:RLX) Analysts Have Been Trimming Their Sales Forecasts
The analysts covering RLX Technology Inc. ( NYSE:RLX ) delivered a dose of negativity to shareholders today, by making...분석 기사 • Mar 11
Do RLX Technology's (NYSE:RLX) Earnings Warrant Your Attention?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...분석 기사 • Feb 09
Returns On Capital Are Showing Encouraging Signs At RLX Technology (NYSE:RLX)
What are the early trends we should look for to identify a stock that could multiply in value over the long term...이익 및 매출 성장 예측
| 날짜 | 매출 | 이익 | 자유현금흐름 | 영업현금흐름 | 평균 애널리스트 수 |
|---|---|---|---|---|---|
| 12/31/2028 | 7,764 | 1,400 | N/A | 1,790 | 5 |
| 12/31/2027 | 6,568 | 1,210 | N/A | 1,557 | 6 |
| 12/31/2026 | 5,602 | 995 | N/A | 1,451 | 6 |
| 3/31/2026 | 4,378 | 984 | 710 | 829 | N/A |
| 12/31/2025 | 3,617 | 922 | 986 | 1,105 | N/A |
| 9/30/2025 | 3,273 | 764 | 1,279 | 1,291 | N/A |
| 6/30/2025 | 2,918 | 727 | 1,078 | 1,090 | N/A |
| 3/31/2025 | 2,683 | 642 | 1,045 | 1,057 | N/A |
| 12/31/2024 | 2,445 | 552 | 842 | 854 | N/A |
| 9/30/2024 | 2,159 | 643 | 630 | 663 | N/A |
| 6/30/2024 | 1,878 | 653 | 556 | 589 | N/A |
| 3/31/2024 | 1,590 | 723 | 401 | 433 | N/A |
| 12/31/2023 | 1,244 | 534 | 166 | 199 | N/A |
| 9/30/2023 | 1,081 | 92 | -400 | -355 | N/A |
| 6/30/2023 | 1,726 | 421 | -1,500 | -1,455 | N/A |
| 3/31/2023 | 3,690 | 679 | -97 | -52 | N/A |
| 12/31/2022 | 5,280 | 1,441 | 442 | 487 | N/A |
| 9/30/2022 | 6,897 | 2,163 | 1,063 | 1,201 | N/A |
| 6/30/2022 | 7,529 | 2,634 | 1,937 | 2,075 | N/A |
| 3/31/2022 | 7,837 | 2,997 | 1,142 | 1,280 | N/A |
| 12/31/2021 | 8,521 | 2,025 | 1,661 | 1,800 | N/A |
| 9/30/2021 | 8,235 | 1,294 | 2,620 | 2,624 | N/A |
| 6/30/2021 | 7,679 | 328 | 3,549 | 3,566 | N/A |
| 3/31/2021 | 5,850 | -407 | 3,470 | 3,487 | N/A |
| 12/31/2020 | 3,820 | -128 | 2,572 | 2,589 | N/A |
| 9/30/2020 | 2,612 | 58 | 1,234 | 1,323 | N/A |
| 12/31/2019 | 1,549 | 48 | N/A | 338 | N/A |
| 12/31/2018 | 133 | 0 | N/A | -1 | N/A |
애널리스트 향후 성장 전망
수입 대 저축률: RLX 의 연간 예상 수익 증가율(13.8%)이 saving rate(3.5%)보다 높습니다.
수익 vs 시장: RLX 의 연간 수익(13.8%)이 US 시장(17.7%)보다 느리게 성장할 것으로 예상됩니다.
고성장 수익: RLX 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.
수익 대 시장: RLX 의 수익(연간 19.7%)이 US 시장(연간 12.6%)보다 빠르게 성장할 것으로 예상됩니다.
고성장 매출: RLX 의 수익(연간 19.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.
주당순이익 성장 예측
향후 자기자본이익률
미래 ROE: RLX의 자본 수익률은 3년 후 8.3%로 낮을 것으로 예상됩니다.
성장 기업 찾아보기
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/07/19 22:18 |
| 종가 | 2026/07/17 00:00 |
| 수익 | 2026/03/31 |
| 연간 수익 | 2025/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
|
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| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
|
* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
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산업 및 섹터 지표
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분석가 소스
RLX Technology Inc.는 15명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Lucy Yu | BofA Global Research |
| Luzi Li | BofA Global Research |
| Y. Chen | CCB International Securities Limited |