RLX TECHNOLOGY INC-ADR (RLX) Fundamental Analysis & Valuation

NYSE:RLX • US74969N1037

Current stock price

2.12 USD
-0.06 (-2.75%)
At close:
2.11 USD
-0.01 (-0.47%)
After Hours:

This RLX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. RLX Profitability Analysis

1.1 Basic Checks

  • RLX had positive earnings in the past year.
  • Each year in the past 5 years RLX has been profitable.
  • Of the past 5 years RLX 4 years had a positive operating cash flow.
RLX Yearly Net Income VS EBIT VS OCF VS FCFRLX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.14%, RLX is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 5.90%, RLX is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • The Return On Invested Capital of RLX (1.78%) is worse than 62.50% of its industry peers.
Industry RankSector Rank
ROA 5.14%
ROE 5.9%
ROIC 1.78%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
RLX Yearly ROA, ROE, ROICRLX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40

1.3 Margins

  • Looking at the Profit Margin, with a value of 23.29%, RLX is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of RLX has declined.
  • RLX has a Operating Margin of 8.30%. This is comparable to the rest of the industry: RLX outperforms 50.00% of its industry peers.
  • RLX's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 29.90%, RLX is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of RLX has declined.
Industry RankSector Rank
OM 8.3%
PM (TTM) 23.29%
GM 29.9%
OM growth 3Y-25.34%
OM growth 5Y88.99%
PM growth 3Y-4.84%
PM growth 5YN/A
GM growth 3Y-11.56%
GM growth 5Y-5.65%
RLX Yearly Profit, Operating, Gross MarginsRLX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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5

2. RLX Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), RLX is destroying value.
  • RLX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
RLX Yearly Shares OutstandingRLX Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
RLX Yearly Total Debt VS Total AssetsRLX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • RLX has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.01, RLX belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.22
WACC8.07%
RLX Yearly LT Debt VS Equity VS FCFRLX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 5.70 indicates that RLX has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 5.70, RLX belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • A Quick Ratio of 5.55 indicates that RLX has no problem at all paying its short term obligations.
  • RLX has a Quick ratio of 5.55. This is amongst the best in the industry. RLX outperforms 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 5.7
Quick Ratio 5.55
RLX Yearly Current Assets VS Current LiabilitesRLX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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7

3. RLX Growth Analysis

3.1 Past

  • RLX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.44%, which is quite good.
  • RLX shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -11.59% yearly.
  • RLX shows a strong growth in Revenue. In the last year, the Revenue has grown by 44.03%.
  • The Revenue has been growing slightly by 0.72% on average over the past years.
EPS 1Y (TTM)11.44%
EPS 3Y-11.59%
EPS 5YN/A
EPS Q2Q%31.58%
Revenue 1Y (TTM)44.03%
Revenue growth 3Y-9.45%
Revenue growth 5Y0.72%
Sales Q2Q%40.3%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.02% on average over the next years. This is quite good.
  • RLX is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 26.47% yearly.
EPS Next Y12.83%
EPS Next 2Y8.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year37.04%
Revenue Next 2Y25.51%
Revenue Next 3Y26.47%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
RLX Yearly Revenue VS EstimatesRLX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B 8B
RLX Yearly EPS VS EstimatesRLX Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1

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3

4. RLX Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.67, the valuation of RLX can be described as rather expensive.
  • Based on the Price/Earnings ratio, RLX is valued a bit cheaper than the industry average as 62.50% of the companies are valued more expensively.
  • RLX is valuated rather cheaply when we compare the Price/Earnings ratio to 25.54, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 16.30, which indicates a correct valuation of RLX.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of RLX indicates a somewhat cheap valuation: RLX is cheaper than 62.50% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, RLX is valued a bit cheaper.
Industry RankSector Rank
PE 17.67
Fwd PE 16.3
RLX Price Earnings VS Forward Price EarningsRLX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
RLX Per share dataRLX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.38
PEG (5Y)N/A
EPS Next 2Y8.02%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. RLX Dividend Analysis

5.1 Amount

  • RLX has a Yearly Dividend Yield of 4.91%, which is a nice return.
  • RLX's Dividend Yield is a higher than the industry average which is at 3.38.
  • RLX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 4.91%

5.2 History

  • RLX has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
RLX Yearly Dividends per shareRLX Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 2026 0.02 0.04 0.06 0.08

5.3 Sustainability

DPN/A
EPS Next 2Y8.02%
EPS Next 3YN/A
RLX Yearly Income VS Free CF VS DividendRLX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B 2.5B

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RLX Fundamentals: All Metrics, Ratios and Statistics

RLX TECHNOLOGY INC-ADR

NYSE:RLX (3/23/2026, 8:17:11 PM)

After market: 2.11 -0.01 (-0.47%)

2.12

-0.06 (-2.75%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryTobacco
Earnings (Last)03-13
Earnings (Next)05-14
Inst Owners21.44%
Inst Owner Change-2.08%
Ins Owners47.75%
Ins Owner Change0%
Market Cap2.58B
Revenue(TTM)3.96B
Net Income(TTM)921.87M
Analysts77.14
Price Target3.14 (48.11%)
Short Float %28.04%
Short Ratio2.13
Dividend
Industry RankSector Rank
Dividend Yield 4.91%
Yearly Dividend0.01
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date01-26
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.06%
Min EPS beat(2)-5.49%
Max EPS beat(2)7.62%
EPS beat(4)2
Avg EPS beat(4)-1.91%
Min EPS beat(4)-21.02%
Max EPS beat(4)11.24%
EPS beat(8)2
Avg EPS beat(8)-3.25%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)8.15%
Min Revenue beat(2)4.71%
Max Revenue beat(2)11.59%
Revenue beat(4)4
Avg Revenue beat(4)10.33%
Min Revenue beat(4)4.71%
Max Revenue beat(4)20.2%
Revenue beat(8)7
Avg Revenue beat(8)6.06%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.53%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)8.62%
Revenue NY rev (3m)8.25%
Valuation
Industry RankSector Rank
PE 17.67
Fwd PE 16.3
P/S 4.5
P/FCF N/A
P/OCF N/A
P/B 1.14
P/tB 1.2
EV/EBITDA N/A
EPS(TTM)0.12
EY5.66%
EPS(NY)0.13
Fwd EY6.14%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS0.47
BVpS1.86
TBVpS1.77
PEG (NY)1.38
PEG (5Y)N/A
Graham Number2.24
Profitability
Industry RankSector Rank
ROA 5.14%
ROE 5.9%
ROCE 2.06%
ROIC 1.78%
ROICexc 4.73%
ROICexgc 5.43%
OM 8.3%
PM (TTM) 23.29%
GM 29.9%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-25.34%
OM growth 5Y88.99%
PM growth 3Y-4.84%
PM growth 5YN/A
GM growth 3Y-11.56%
GM growth 5Y-5.65%
F-ScoreN/A
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 5.7
Quick Ratio 5.55
Altman-Z N/A
F-ScoreN/A
WACC8.07%
ROIC/WACC0.22
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.44%
EPS 3Y-11.59%
EPS 5YN/A
EPS Q2Q%31.58%
EPS Next Y12.83%
EPS Next 2Y8.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)44.03%
Revenue growth 3Y-9.45%
Revenue growth 5Y0.72%
Sales Q2Q%40.3%
Revenue Next Year37.04%
Revenue Next 2Y25.51%
Revenue Next 3Y26.47%
Revenue Next 5YN/A
EBIT growth 1Y406.65%
EBIT growth 3Y-32.4%
EBIT growth 5Y90.35%
EBIT Next Year55.64%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

RLX TECHNOLOGY INC-ADR / RLX Fundamental Analysis FAQ

What is the fundamental rating for RLX stock?

ChartMill assigns a fundamental rating of 5 / 10 to RLX.


Can you provide the valuation status for RLX TECHNOLOGY INC-ADR?

ChartMill assigns a valuation rating of 3 / 10 to RLX TECHNOLOGY INC-ADR (RLX). This can be considered as Overvalued.


What is the profitability of RLX stock?

RLX TECHNOLOGY INC-ADR (RLX) has a profitability rating of 4 / 10.


What are the PE and PB ratios of RLX TECHNOLOGY INC-ADR (RLX) stock?

The Price/Earnings (PE) ratio for RLX TECHNOLOGY INC-ADR (RLX) is 17.67 and the Price/Book (PB) ratio is 1.14.


Can you provide the financial health for RLX stock?

The financial health rating of RLX TECHNOLOGY INC-ADR (RLX) is 5 / 10.