How does 9660's PS Ratio compare to its peers?

9660 is expensive based on its Price-To-Sales Ratio (19.3x) compared to the peer average (10x).

How does 9660's PS Ratio compare vs other companies in the HK Software Industry?

9660 is expensive based on its Price-To-Sales Ratio (19.3x) compared to the Hong Kong Software industry average (1.7x).

What is 9660's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 9660's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of 9660 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

9660 (HK$3.33) is trading below our estimate of [[fair value]] (HK$4.5)

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

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

9660 Stock Overview

An investment holding company, provides automotive solutions for passenger vehicles in China. More details

9660 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 26% below our estimate of its fair value

Revenue is forecast to grow 35.55% per year

Revenue grew by 72.5% over the past year

Analysts in good agreement that stock price will rise by 65.2%

Risk Analysis

Negative shareholders equity

Currently unprofitable and not forecast to become profitable over the next 3 years

My Notes

Capture your thoughts, links and company narrative

Horizon Robotics Competitors

SenseTime Group

SEHK:20

HK$52.7b

Kingdee International Software Group

SEHK:268

HK$32.1b

Marketingforce Management

SEHK:2556

HK$24.6b

Beijing Fourth Paradigm Technology

SEHK:6682

HK$24.1b

Price History & Performance

Summary of share price highs, lows and changes for Horizon Robotics
Historical stock prices
Current Share Price	HK$3.33
52 Week High	HK$5.50
52 Week Low	HK$3.32
Beta	0
1 Month Change	-18.78%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-18.78%

Recent updates

Shareholder Returns

	9660	HK Software	HK Market
7D	-11.7%	-3.1%	-0.5%
1Y	n/a	10.9%	19.9%

Return vs Industry: Insufficient data to determine how 9660 performed against the Hong Kong Software industry.

Return vs Market: Insufficient data to determine how 9660 performed against the Hong Kong Market.

Price Volatility

Is 9660's price volatile compared to industry and market?
9660 volatility
9660 Average Weekly Movement	10.5%
Software Industry Average Movement	11.8%
Market Average Movement	8.8%
10% most volatile stocks in HK Market	18.6%
10% least volatile stocks in HK Market	4.1%

Stable Share Price: 9660 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: Insufficient data to determine 9660's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2015	2,319	Kai Yu	en.horizon.auto

Horizon Robotics, an investment holding company, provides automotive solutions for passenger vehicles in China. The company operates in two segments, Automotive Solutions and Non-Automotive Solutions. It offers Horizon Mono, an advanced driver assistance system solution; Horizon Pilot, a highway navigate on autopilot solution; Horizon SuperDrive, an autonomous driving solution; and Horizon Journey, an automotive grade product for energy and cost efficient smart driving solution.

Horizon Robotics Fundamentals Summary

How do Horizon Robotics's earnings and revenue compare to its market cap?
9660 fundamental statistics
Market cap	HK$43.39b
Earnings (TTM)	-HK$10.60b
Revenue (TTM)	HK$2.25b

19.3x

P/S Ratio

-4.1x

P/E Ratio

Is 9660 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9660 income statement (TTM)
Revenue	CN¥2.11b
Cost of Revenue	CN¥508.28m
Gross Profit	CN¥1.61b
Other Expenses	CN¥11.56b
Earnings	-CN¥9.95b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.76
Gross Margin	75.96%
Net Profit Margin	-470.45%
Debt/Equity Ratio	-0.8%

How did 9660 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 23:13
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Horizon Robotics is covered by 4 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ming Chung	Citigroup Inc
Evelyn Zhang	Daiwa Securities Co. Ltd.
Allen Chang	Goldman Sachs

Horizon Robotics SEHK:9660 Stock Report