Robosense Technology Valuation

Q: What is the Fair Price of 2498 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2498 (HK$20) is trading below our estimate of [[fair value]] (HK$80.84)

Is 2498 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2498 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2498 (HK$20) is trading below our estimate of fair value (HK$80.84)

Significantly Below Fair Value: 2498 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2498?

Key metric: As 2498 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2498. This is calculated by dividing 2498's market cap by their current revenue.
What is 2498's PS Ratio?
PS Ratio	5.5x
Sales	CN¥1.52b
Market Cap	CN¥8.40b

2498 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.8x
Enterprise Value/EBITDA	-7.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 2498's PS Ratio compare to its peers?

The above table shows the PS ratio for 2498 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.6x
3393 Wasion Holdings	0.8x	18.8%	HK$6.7b
1478 Q Technology (Group)	0.5x	7.4%	HK$7.3b
327 PAX Global Technology	0.9x	9.4%	HK$5.4b
710 BOE Varitronix	0.4x	14.2%	HK$4.3b
2498 Robosense Technology	5.5x	25.0%	HK$9.0b

Price-To-Sales vs Peers: 2498 is expensive based on its Price-To-Sales Ratio (5.5x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does 2498's PS Ratio compare vs other companies in the HK Electronic Industry?

12 Companies	Price / Sales	Estimated Growth	Market Cap
856 VSTECS Holdings	0.09x	9.2%	US$931.04m
1184 S.A.S. Dragon Holdings	0.1x	n/a	US$326.51m
3991 Changhong Jiahua Holdings	0.04x	n/a	US$201.49m
40 Gold Peak Technology Group	0.07x	n/a	US$61.17m

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 2498 is expensive based on its Price-To-Sales Ratio (5.5x) compared to the Hong Kong Electronic industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is 2498'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.

2498 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	5.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2498's Price-To-Sales Fair Ratio for valuation analysis.

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 2498 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	HK$20.00	HK$27.07 +35.3%	42.6%	HK$49.19	HK$17.13	n/a	5
Nov ’25	HK$16.08	HK$27.07 +68.3%	42.6%	HK$49.19	HK$17.13	n/a	5
Oct ’25	HK$17.54	HK$27.07 +54.3%	42.6%	HK$49.19	HK$17.13	n/a	5
Sep ’25	HK$11.26	HK$27.07 +140.4%	42.6%	HK$49.19	HK$17.13	n/a	5
Aug ’25	HK$15.86	HK$31.06 +95.8%	42.7%	HK$48.23	HK$16.00	n/a	5
Jul ’25	HK$49.80	HK$46.36 -6.9%	17.3%	HK$57.01	HK$34.43	n/a	4
Jun ’25	n/a	HK$46.36 0%	17.3%	HK$57.01	HK$34.43	n/a	4
May ’25	n/a	HK$42.84 0%	13.9%	HK$47.94	HK$34.49	n/a	3
Apr ’25	n/a	HK$42.92 0%	13.9%	HK$48.00	HK$34.54	n/a	3

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

Legend Holdings

HK$16.8b

Operates in the industrial operations, and industrial incubations and investments business in the People’s Republic of China and internationally.

3396

HK$7.13

-2.2%

5.9%

Lenovo Group

HK$112.6b

An investment holding company, develops, manufactures, and markets technology products and services.

80992

HK$8.46

-1.4%

-3.9%

BYD Electronic (International)

HK$76.9b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

285

HK$34.15

4.1%

-4.2%