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Hangzhou Hikvision Digital Technology Co., Ltd. 002415.SZ

CN · Shanghai Stock Exchange · XSHG · stock · Technology · website

Hangzhou Hikvision Digital Technology Co., Ltd. statistics & valuation

Market capCN¥319.5B
P / E22.5×
P / S3.5×
P / B3.8×
P / FCF14.7×
Dividend yield3.21%
Net margin15.3%
Return on equity17.0%
FCF margin23.5%
Net cashCN¥38.4B
Enterprise value USD$42.8B
Earnings yield EBIT/EV6.2%
Return on capital18.5%
Graham number -50.1%CN¥17.79

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥17.79); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
15.40% 15.80% 12.90% 15.30% 2022202320242025
Gross margin (%)
42.30% 44.30% 43.80% 45.90% 2022202320242025
Operating margin (%)
17.80% 18.50% 16.70% 18.80% 2022202320242025
Return on equity (%)
18.80% 18.50% 14.80% 17.00% 2022202320242025
Shares outstanding
9.16B 9.16B 9.16B 9.16B 2022202320242025
Net debt (CN¥)
-CN¥28.00B -CN¥32.42B -CN¥28.98B -CN¥38.37B 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
10.80% 10.20% 9.10% 10.30% 2022202320242025
Free cash flow margin (%)
7.70% 14.10% 9.30% 23.50% 2022202320242025
Debt / equity (×)
0.18× 0.23× 0.09× 0.10× 2022202320242025
EPS (CN¥)
CN¥1.37 CN¥1.52 CN¥1.30 CN¥1.55 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Hangzhou Hikvision Digital Technology Co., Ltd. trades at about 23.1× earnings — near its 10-year norm (10-year range 20.3×–26.2×, median 22.4×).

20.3× 26.2×

Shaded band = 10-year range (20.3×–26.2×); dot = today's 23.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin45.9%43.8%44.3%42.3%
Operating margin18.8%16.7%18.5%17.8%
Net margin15.3%12.9%15.8%15.4%
FCF margin23.5%9.3%14.1%7.7%
Return on assets10.3%9.1%10.2%10.8%
Return on equity17.0%14.8%18.5%18.8%
Debt / equity0.01×0.06×0.12×0.11×
Current ratio2.422.722.552.85

Computed from company filings · CN · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.