RLX Relative Valuation
RLX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, RLX is overvalued; if below, it's undervalued.
Historical Valuation
RLX Technology Inc (RLX) is now in the Fair zone, suggesting that its current forward PE ratio of 18.49 is considered Fairly compared with the five-year average of 23.60. The fair price of RLX Technology Inc (RLX) is between 1.18 to 4.68 according to relative valuation methord.
Relative Value
Fair Zone
1.18-4.68
Current Price：2.40
Fair
18.49
PE
1Y
3Y
5Y
Trailing
Forward
18.39
EV/EBITDA
RLX Technology Inc. (RLX) has a current EV/EBITDA of 18.39. The 5-year average EV/EBITDA is 19.64. The thresholds are as follows: Strongly Undervalued below -35.24, Undervalued between -35.24 and -7.80, Fairly Valued between 47.08 and -7.80, Overvalued between 47.08 and 74.51, and Strongly Overvalued above 74.51. The current Forward EV/EBITDA of 18.39 falls within the Historic Trend Line -Fairly Valued range.
20.81
EV/EBIT
RLX Technology Inc. (RLX) has a current EV/EBIT of 20.81. The 5-year average EV/EBIT is 64.65. The thresholds are as follows: Strongly Undervalued below -262.03, Undervalued between -262.03 and -98.69, Fairly Valued between 227.99 and -98.69, Overvalued between 227.99 and 391.34, and Strongly Overvalued above 391.34. The current Forward EV/EBIT of 20.81 falls within the Historic Trend Line -Fairly Valued range.
4.46
PS
RLX Technology Inc. (RLX) has a current PS of 4.46. The 5-year average PS is 6.86. The thresholds are as follows: Strongly Undervalued below -1.88, Undervalued between -1.88 and 2.49, Fairly Valued between 11.23 and 2.49, Overvalued between 11.23 and 15.60, and Strongly Overvalued above 15.60. The current Forward PS of 4.46 falls within the Historic Trend Line -Fairly Valued range.
16.04
P/OCF
RLX Technology Inc. (RLX) has a current P/OCF of 16.04. The 5-year average P/OCF is 22.06. The thresholds are as follows: Strongly Undervalued below -6.45, Undervalued between -6.45 and 7.81, Fairly Valued between 36.32 and 7.81, Overvalued between 36.32 and 50.58, and Strongly Overvalued above 50.58. The current Forward P/OCF of 16.04 falls within the Historic Trend Line -Fairly Valued range.
15.38
P/FCF
RLX Technology Inc. (RLX) has a current P/FCF of 15.38. The 5-year average P/FCF is 20.87. The thresholds are as follows: Strongly Undervalued below -8.08, Undervalued between -8.08 and 6.40, Fairly Valued between 35.35 and 6.40, Overvalued between 35.35 and 49.82, and Strongly Overvalued above 49.82. The current Forward P/FCF of 15.38 falls within the Historic Trend Line -Fairly Valued range.
RLX Technology Inc (RLX) has a current Price-to-Book (P/B) ratio of 1.28. Compared to its 3-year average P/B ratio of 1.16 , the current P/B ratio is approximately 10.36% higher. Relative to its 5-year average P/B ratio of 6.37, the current P/B ratio is about -79.89% higher. RLX Technology Inc (RLX) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 1.57%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 3.45% , the current FCF yield is about -100.00% lower.
1.28
P/B
Median3y
1.16
Median5y
6.37
6.23
FCF Yield
Median3y
1.57
Median5y
3.45
Competitors Valuation Multiple
The average P/S ratio for RLX's competitors is , providing a benchmark for relative valuation. RLX Technology Inc Corp (RLX) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 52.18%, this premium appears sustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of RLX increased by 11.11% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 679.36M to 1.03B.
The secondary factor is the Margin Expansion, contributed -19.74%to the performance.
Overall, the performance of RLX in the past 1 year is driven by Revenue Growth. Which is more sustainable.
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