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

NYSE:RLX • US74969N1037

Current stock price

2.24 USD
+0.04 (+1.82%)
At close:
2.25 USD
+0.01 (+0.45%)
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.
  • RLX had a positive operating cash flow in 4 of the past 5 years.
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

  • RLX has a better Return On Assets (5.14%) than 62.50% of its industry peers.
  • 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.
  • With a Return On Invested Capital value of 1.78%, RLX is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
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

  • RLX's Profit Margin of 23.29% is fine compared to the rest of the industry. RLX outperforms 75.00% of its industry peers.
  • In the last couple of years the Profit Margin of RLX has declined.
  • RLX has a Operating Margin (8.30%) which is comparable to the rest of the industry.
  • RLX's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 29.90%, RLX perfoms like the industry average, 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

  • RLX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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

  • A Debt/Equity ratio of 0.01 indicates that RLX is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.01, RLX belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.24
WACC7.58%
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

  • RLX has a Current Ratio of 5.70. This indicates that RLX is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Current ratio value of 5.70, RLX belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • RLX has a Quick Ratio of 5.55. This indicates that RLX is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 5.55, RLX belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
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

  • The Earnings Per Share has grown by an nice 11.44% over the past year.
  • 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%.
  • Measured over the past years, RLX shows a small growth in Revenue. The Revenue has been growing by 0.72% on average per year.
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

  • Based on estimates for the next years, RLX will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.49% on average per year.
  • Based on estimates for the next years, RLX will show a very strong growth in Revenue. The Revenue will grow by 24.59% on average per year.
EPS Next Y25.2%
EPS Next 2Y18.51%
EPS Next 3Y13.49%
EPS Next 5YN/A
Revenue Next Year43.63%
Revenue Next 2Y28.56%
Revenue Next 3Y24.59%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 2028 0.5 1

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4

4. RLX Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 18.67, RLX is valued on the expensive side.
  • RLX's Price/Earnings ratio is a bit cheaper when compared to the industry. RLX is cheaper than 62.50% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of RLX to the average of the S&P500 Index (27.42), we can say RLX is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 15.39, the valuation of RLX can be described as correct.
  • Based on the Price/Forward Earnings ratio, RLX is valued a bit cheaper than the industry average as 62.50% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of RLX to the average of the S&P500 Index (22.24), we can say RLX is valued slightly cheaper.
Industry RankSector Rank
PE 18.67
Fwd PE 15.39
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

  • RLX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • RLX's earnings are expected to grow with 13.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.74
PEG (5Y)N/A
EPS Next 2Y18.51%
EPS Next 3Y13.49%

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4

5. RLX Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.91%, RLX is a good candidate for dividend investing.
  • RLX's Dividend Yield is a higher than the industry average which is at 3.45.
  • Compared to an average S&P500 Dividend Yield of 1.81, RLX pays a better dividend.
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 Years1
Div Non Decr Years2
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 2Y18.51%
EPS Next 3Y13.49%
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 (4/24/2026, 8:06:32 PM)

After market: 2.25 +0.01 (+0.45%)

2.24

+0.04 (+1.82%)

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 Change0%
Ins Owners45.34%
Ins Owner Change0%
Market Cap2.73B
Revenue(TTM)3.96B
Net Income(TTM)921.87M
Analysts77.14
Price Target3.17 (41.52%)
Short Float %9.78%
Short Ratio1.57
Dividend
Industry RankSector Rank
Dividend Yield 4.91%
Yearly Dividend0.01
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years1
Div Non Decr Years2
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)0.79%
PT rev (3m)0.79%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)10.96%
EPS NY rev (3m)9.26%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)4.81%
Revenue NY rev (3m)13.85%
Valuation
Industry RankSector Rank
PE 18.67
Fwd PE 15.39
P/S 4.71
P/FCF N/A
P/OCF N/A
P/B 1.19
P/tB 1.26
EV/EBITDA N/A
EPS(TTM)0.12
EY5.36%
EPS(NY)0.15
Fwd EY6.5%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS0.48
BVpS1.88
TBVpS1.78
PEG (NY)0.74
PEG (5Y)N/A
Graham Number2.25135 (0.51%)
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
WACC7.58%
ROIC/WACC0.24
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 Y25.2%
EPS Next 2Y18.51%
EPS Next 3Y13.49%
EPS Next 5YN/A
Revenue 1Y (TTM)44.03%
Revenue growth 3Y-9.45%
Revenue growth 5Y0.72%
Sales Q2Q%40.3%
Revenue Next Year43.63%
Revenue Next 2Y28.56%
Revenue Next 3Y24.59%
Revenue Next 5YN/A
EBIT growth 1Y406.65%
EBIT growth 3Y-32.4%
EBIT growth 5Y90.35%
EBIT Next Year83.96%
EBIT Next 3Y42.47%
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 4 / 10 to RLX TECHNOLOGY INC-ADR (RLX). This can be considered as Fairly Valued.


How profitable is RLX TECHNOLOGY INC-ADR (RLX) stock?

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


What is the earnings growth outlook for RLX TECHNOLOGY INC-ADR?

The Earnings per Share (EPS) of RLX TECHNOLOGY INC-ADR (RLX) is expected to grow by 25.2% in the next year.