Ecovacs Robotics Co., Ltd.

XSSC:603486 Stock Report

Market Cap: CN¥29.0b

Ecovacs Robotics Valuation

Is 603486 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 603486 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603486 (CN¥50.4) is trading below our estimate of fair value (CN¥62.85)

Significantly Below Fair Value: 603486 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603486?

Key metric: As 603486 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603486. This is calculated by dividing 603486's market cap by their current earnings.
What is 603486's PE Ratio?
PE Ratio46.5x
EarningsCN¥623.40m
Market CapCN¥28.99b

Price to Earnings Ratio vs Peers

How does 603486's PE Ratio compare to its peers?

The above table shows the PE ratio for 603486 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.7x
002444 Hangzhou Greatstar Industrial
17.4x15.4%CN¥37.0b
000921 Hisense Home Appliances Group
13.2x13.1%CN¥38.8b
002508 Hangzhou Robam Appliances
13.3x8.0%CN¥20.8b
002032 Zhejiang Supor
18.8x7.8%CN¥42.2b
603486 Ecovacs Robotics
46.5x35.2%CN¥29.0b

Price-To-Earnings vs Peers: 603486 is expensive based on its Price-To-Earnings Ratio (46.5x) compared to the peer average (15.7x).

Price to Earnings Ratio vs Industry

How does 603486's PE Ratio compare vs other companies in the CN Consumer Durables Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
002473 Ningbo Sunlight Electrical ApplianceLtd
3.5xn/aUS$18.86m
No more companies available in this PE range
603486 46.5xIndustry Avg. 23.5xNo. of Companies15PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 603486 is expensive based on its Price-To-Earnings Ratio (46.5x) compared to the CN Consumer Durables industry average (23.5x).

Price to Earnings Ratio vs Fair Ratio

What is 603486's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

603486 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.5x
Fair PE Ratio33.5x

Price-To-Earnings vs Fair Ratio: 603486 is expensive based on its Price-To-Earnings Ratio (46.5x) compared to the estimated Fair Price-To-Earnings Ratio (33.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 603486 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥50.40
CN¥53.30
+5.7%
11.4%CN¥62.00CN¥42.00n/a11
Dec ’25CN¥51.30
CN¥52.43
+2.2%
10.8%CN¥61.00CN¥42.00n/a10
Nov ’25CN¥49.89
CN¥52.43
+5.1%
10.8%CN¥61.00CN¥42.00n/a10
Oct ’25CN¥51.21
CN¥49.03
-4.3%
14.5%CN¥60.75CN¥37.80n/a11
Sep ’25CN¥40.17
CN¥49.58
+23.4%
16.8%CN¥61.50CN¥37.80n/a11
Aug ’25CN¥40.73
CN¥52.34
+28.5%
17.1%CN¥61.50CN¥38.60n/a10
Jul ’25CN¥45.68
CN¥53.11
+16.3%
14.6%CN¥61.50CN¥39.00n/a10
Jun ’25CN¥49.89
CN¥52.18
+4.6%
14.2%CN¥61.50CN¥39.00n/a10
May ’25CN¥49.55
CN¥51.81
+4.6%
20.6%CN¥70.00CN¥32.00n/a9
Apr ’25CN¥36.42
CN¥48.25
+32.5%
26.2%CN¥70.00CN¥30.20n/a10
Mar ’25CN¥39.06
CN¥50.26
+28.7%
26.2%CN¥70.00CN¥30.20n/a11
Feb ’25CN¥31.60
CN¥53.17
+68.3%
28.2%CN¥82.00CN¥30.20n/a11
Jan ’25CN¥41.44
CN¥54.83
+32.3%
24.4%CN¥82.00CN¥38.00n/a11
Dec ’24CN¥42.35
CN¥57.09
+34.8%
26.0%CN¥82.00CN¥38.00CN¥51.3012
Nov ’24CN¥43.00
CN¥59.19
+37.7%
27.4%CN¥82.00CN¥38.00CN¥49.8911
Oct ’24CN¥48.50
CN¥76.23
+57.2%
15.6%CN¥100.00CN¥60.00CN¥51.2111
Sep ’24CN¥53.14
CN¥76.23
+43.4%
15.6%CN¥100.00CN¥60.00CN¥40.1711
Aug ’24CN¥78.27
CN¥99.49
+27.1%
20.7%CN¥150.00CN¥72.00CN¥40.7310
Jul ’24CN¥77.77
CN¥100.49
+29.2%
21.5%CN¥150.00CN¥72.00CN¥45.6810
Jun ’24CN¥70.21
CN¥98.45
+40.2%
21.9%CN¥150.00CN¥72.00CN¥49.8911
May ’24CN¥69.50
CN¥101.06
+45.4%
23.7%CN¥150.00CN¥74.25CN¥49.5512
Apr ’24CN¥82.60
CN¥101.22
+22.5%
23.6%CN¥150.00CN¥74.25CN¥36.4212
Mar ’24CN¥92.36
CN¥101.64
+10.0%
24.1%CN¥150.00CN¥74.25CN¥39.0612
Feb ’24CN¥91.58
CN¥94.49
+3.2%
28.9%CN¥150.00CN¥63.20CN¥31.6012
Jan ’24CN¥72.94
CN¥93.41
+28.1%
28.6%CN¥150.00CN¥63.20CN¥41.4412
Dec ’23CN¥73.68
CN¥93.41
+26.8%
28.6%CN¥150.00CN¥63.20CN¥42.3512

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 02:46
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ecovacs Robotics Co., Ltd. is covered by 24 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Quan Sen GuanChangjiang Securities Co. LTD.
Weizhi YuanChasing Securities
Fu YangChasing Securities