EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Horizon Robotics (9660) fair value: what the stock is really worth

As of Sep 22, 2026: fair value of Horizon Robotics HK$0.58, price HK$4.09, upside -85.8%, quality 24 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · HK · ISIN KYG4602S1057

HR Thin data Sep 23, 2026

Horizon Robotics

9660 · HK

Weakest SetupStrongly overvalued and low quality.

!Fair value HK$0.5800 · Strongly overvalued (−86%)
!Quality 24/100
!Expensive Growth (revenue 3y +59.3 %/yr)
!Low debt · negative free cash flow
!Trails peers (3/9)
!Narrow moat 0/100
!Evidence only low, so the estimate is less certain
Watch Horizon Robotics for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$10.81 HK$3.33 Fair Value HK$0.5800 Oct 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

23‑month range HK$3.33 – HK$10.81 · fair‑value band HK$0.3800 – HK$0.7200 · the HK$4.09 price screens above the HK$0.5800 fair value. Dashed = 300-day average. As of Sep 23, 2026.

Follow Horizon Robotics in your weekly email

Every Wednesday you see whether Horizon Robotics is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Horizon Robotics, an investment holding company, provides automotive solutions for passenger vehicles in China. The company operates in two segments, Automotive Solutions and Non-Automotive Solutions.

Show more

Horizon Robotics, an investment holding company, provides automotive solutions for passenger vehicles in China. The company operates in two segments, Automotive Solutions and Non-Automotive Solutions. It offers Horizon Mono, a front-camera advanced driver assistance system solution; Horizon SuperDrive, full-scenario automated driving and parking solution; and Horizon Journey, an automotive grade product for energy and smart driving solutions. The company also provides non-automotive solutions that enable device manufacturers to design and manufacture devices and appliances. In addition, it engages in the development and sale of software products and provision of related services; and research and development activities. Horizon Robotics was incorporated in 2015 and is headquartered in Beijing, China.

Stock analysis

Horizon Robotics (9660) currently trades at HK$4.09, while our model-based Fair Value estimate is HK$0.5800, implying the stock looks roughly 605.2% overvalued today.

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: HK$0.3800 (bear) to HK$0.7200 (bull), the price of HK$4.09 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 24/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Horizon Robotics reported revenue of 3.7B CNY in FY2025 versus 467M CNY in FY2021, a compound +67.4%/yr. Reported net income was −10.2B CNY in FY2025.

Key figures

Market cap HK$62.5B (≈ $8.0B) · P/S ratio 16.6 · EPS (TTM) HK$−0.4200 · Net margin −279% · Return on equity −85.3% · Return on assets (EBIT) −14.1% · Operating margin −96.1% · Revenue (TTM) HK$3.8B.

What moves the price

The share trades about 64% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at −86%, 9660 screens richer than that median.

Fair Value models

Bear HK$0.3800 Fair Value HK$0.5800 Bull HK$0.7200
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
NCAV (Graham) HK$0.5100 HK$0.6800 HK$1.02 54
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.5100 HK$0.6800 HK$1.02 54

Open the full fair value analysis →

Notify me when 9660 reaches fair value

Put 9660 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 24/100

Of which business quality 28 · Market factors (momentum, volatility) 15

Profitability 3
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 2
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 93
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+53.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+59.3%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−286.1% (2021) → −109.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

9660 screens 605% overvalued. Compare with SAP SE →

Compare Horizon Robotics with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 704 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 28 · Bottom 25%
Fair Value upside −86% · Bottom 25%
Profitability
Return on assets −9% · Bottom 25%
Operating margin (TTM) −96% · Bottom 25%
Growth and dividend
Revenue growth 51% · Top 25%
Balance sheet
Debt / equity 0.04× · Below median

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 0.63× · Cheapest 25%
P/S (TTM) 2.12× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 26
FUTURE (revenue growth)100 · sector 38
PAST (return on equity)0 · sector 16
HEALTH (low debt)98 · sector 97
DIVIDEND (yield)0 · sector 31

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €182.32 €159.06 −13%
Shopify Inc SHOP $147.74 $64.36 −56%
Uber Technologies, Inc UBER $69.89 $104.82 +50%
Salesforce, Inc CRM $233.28 $344.41 +48%
ServiceNow, Inc NOW $137.00 $150.70 +10%
Cadence Design Systems, Inc CDNS $302.95 $225.14 −26%
Snowflake Inc SNOW $336.59 $75.08 −78%
Datadog, Inc DDOG $247.48 $32.92 −87%
Adobe Inc ADBE $238.25 $454.04 +91%
Automatic Data Processing, Inc ADP $269.64 $177.51 −34%

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Horizon Robotics · Fair Value
HK$0.5800 −605%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Horizon Robotics Fair Value". https://www.fairvalue-calculator.com/stock/9660

Frequently asked questions

Is Horizon Robotics (9660) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of HK$0.5800 versus a price of HK$4.09, about −86% upside (overvalued).
What is the fair value of 9660?
Our model-based fair value for Horizon Robotics is HK$0.5800 (as of Sep 23, 2026), built from audited fundamentals. The current price: HK$4.09.
What is the quality score of 9660?
Horizon Robotics has a Quality Score of 24/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Horizon Robotics (9660)?
Our model-based price target is the fair value of HK$0.5800 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario HK$0.3800, optimistic scenario HK$0.7200. It is a calculation from audited fundamentals, not an analyst target.
What is the Horizon Robotics stock forecast for 2026?
Our models put fair value at HK$0.5800, about −86% upside versus a price of HK$4.09 (overvalued). Cautious scenario HK$0.3800, optimistic scenario HK$0.7200. The calculation is refreshed regularly with new filings.
What is the revenue of Horizon Robotics (9660)?
Horizon Robotics reported trailing-twelve-month revenue of about HK$3.8B (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Horizon Robotics (9660)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Horizon Robotics it is HK$0.5800 per share (as of Sep 23, 2026), against a price of HK$4.09. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Horizon Robotics stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 9660 trades above its calculated fair value: price HK$4.09, fair value HK$0.5800, a gap of about −86% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 9660?
No. The price is what the market pays today (HK$4.09); the fair value is what the company's own numbers justify (HK$0.5800). For Horizon Robotics the two are HK$3.51 per share apart. That gap is exactly why we show both numbers side by side.
How much is Horizon Robotics worth?
The market values Horizon Robotics at about HK$62.5B (market capitalisation, as of Sep 23, 2026). Per share that is HK$4.09; our models calculate a fair value of HK$0.5800 per share.
What do the bullish and bearish scenarios say about 9660?
Our models span a range for Horizon Robotics: cautious scenario HK$0.3800, base HK$0.5800, optimistic HK$0.7200 per share (as of Sep 23, 2026, price HK$4.09). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Horizon Robotics (9660)?
Balance-sheet figures for Horizon Robotics (as of Sep 23, 2026): return on equity −85.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is 9660 from its 52-week high?
Horizon Robotics trades at HK$4.09, about 64% below its 52-week high of HK$11.32 and 14% above the low of HK$3.60 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.5800 is for.
Which stocks are comparable to Horizon Robotics?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Horizon Robotics stock attractive at the current price?
The data as of Sep 23, 2026: price HK$4.09, calculated fair value HK$0.5800 (−86%), Quality Score 24/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 9660 calculated?
We run Horizon Robotics through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.5800, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Horizon Robotics itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Horizon Robotics (9660)?
The closing price on Sep 22, 2026 was HK$4.09. Our model-based fair value is HK$0.5800, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Horizon Robotics right now?
The price sits above even our optimistic bull case (HK$0.7200). The favourable scenario is already priced in. Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (HK$0.3800 to HK$0.7200) leaves room in how you read the outcome.

Key figures of Horizon Robotics

How large is the market capitalisation of Horizon Robotics (9660)?
The market capitalisation of Horizon Robotics is HK$62.5B (≈ $8.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Horizon Robotics (9660)?
The price-to-sales ratio of Horizon Robotics is 16.6 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Horizon Robotics (9660)?
Earnings per share at Horizon Robotics are HK$−0.4200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Horizon Robotics (9660)?
The net margin of Horizon Robotics is −279% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Horizon Robotics (9660)?
The return on equity (ROE) of Horizon Robotics is −85.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Horizon Robotics (9660)?
On an EBIT basis the return on assets of Horizon Robotics is −14.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Horizon Robotics (9660)?
The operating margin of Horizon Robotics is −96.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Horizon Robotics (9660)?
Revenue at Horizon Robotics is growing +51.2% versus a year earlier (3y avg +59.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Horizon Robotics (9660) generate?
The free cash flow of Horizon Robotics is −HK$2.8B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Horizon Robotics (9660) hold?
Horizon Robotics holds more cash than debt, HK$7.0B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed

Watch Horizon Robotics in the live analysis

One click puts Horizon Robotics on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.