Financials ATRenew Inc.

Equities

RERE

US00138L1089

Department Stores

Market Closed - Nyse 04:00:02 2024-05-17 pm EDT 5-day change 1st Jan Change
2.83 USD -2.75% Intraday chart for ATRenew Inc. +7.60% +47.40%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 8,316 4,513 3,050 4,486 -
Enterprise Value (EV) 1 7,055 2,933 3,050 4,486 4,486
P/E ratio -2.74 x -1.31 x - 61.8 x 8.52 x
Yield - - - - -
Capitalization / Revenue 1.07 x 0.46 x 0.24 x 0.28 x 0.22 x
EV / Revenue 1.07 x 0.46 x 0.24 x 0.28 x 0.22 x
EV / EBITDA -16 x 10.9 x - 15.5 x -
EV / FCF -7,616,477 x 5,504,894 x - - -
FCF Yield -0% 0% - - -
Price to Book 0.57 x - - - -
Nbr of stocks (in thousands) 220,407 226,415 223,823 219,484 -
Reference price 2 37.73 19.93 13.63 20.44 20.44
Announcement Date 3/10/22 3/13/23 3/12/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - 7,780 9,869 12,966 16,169 20,229
EBITDA 1 - -521.3 412.3 - 290.3 -
EBIT 1 - -895.1 6.904 251.7 401 703.7
Operating Margin - -11.5% 0.07% 1.94% 2.48% 3.48%
Earnings before Tax (EBT) 1 - -953.8 -2,573 -148.4 122.5 467.8
Net income 1 -470.6 -1,325 -2,468 -156.2 54.06 374.2
Net margin - -17.03% -25.01% -1.21% 0.33% 1.85%
EPS 2 -94.51 -13.76 -15.16 - 0.3308 2.400
Free Cash Flow - -1,092 819.8 - - -
FCF margin - -14.03% 8.31% - - -
FCF Conversion (EBITDA) - - 198.84% - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 - - - - - -
Announcement Date 5/28/21 3/10/22 3/13/23 3/12/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,962 2,436 2,207 2,146 2,536 2,981 2,872 2,964 3,562 3,772 4,122 4,760
EBITDA - - - - - - - - - - - -
EBIT 1 -28.51 -125.9 -134.8 -42.28 10.77 34.56 - - 78.6 83.2 93.7 145.5
Operating Margin -1.45% -5.17% -6.11% -1.97% 0.42% 1.16% - - 2.21% 2.21% 2.27% 3.06%
Earnings before Tax (EBT) 1 - - - - - - - - 0.3 11.1 27.1 83.9
Net income 1 - - - - - - - - 0.3 8.9 21.7 67.1
Net margin - - - - - - - - 0.01% 0.24% 0.53% 1.41%
EPS 2 - -0.6300 -0.9900 -0.7800 -0.1900 - - - - 0.0600 0.1400 0.4300
Dividend per Share - - - - - - - - - - - -
Announcement Date 11/18/21 3/10/22 5/24/22 8/24/22 11/22/22 3/13/23 5/23/23 8/23/23 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - 1,261 1,580 - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - -1,092 820 - - -
ROE (net income / shareholders' equity) - -27.9% -24% - - -
ROA (Net income/ Total Assets) - -2.65% -39.3% - - -
Assets 1 - 49,970 6,276 - - -
Book Value Per Share - 66.70 - - - -
Cash Flow per Share - - - - - -
Capex - 73.9 61.5 - - -
Capex / Sales - 0.95% 0.62% - - -
Announcement Date 5/28/21 3/10/22 3/13/23 3/12/24 - -
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
20.44 CNY
Average target price
22.74 CNY
Spread / Average Target
+11.24%
Consensus
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