Stocktoria
RLX Technology Inc. RLX
RLX Technology Inc. (RLX) earns a Piotroski F-score of 7/9 (strong financial health), with an Altman Z″ in the safe zone. It pays a dividend (safety: safe). FY2025 revenue was $566.1M at a 23.3% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-03-16 | Citigroup | Neutral (main) |
| 2025-05-19 | Citigroup | Neutral (main) |
| 2025-03-17 | Citigroup | Neutral (down) |
| 2024-03-18 | Citigroup | Buy (main) |
| 2023-08-08 | UBS | Buy (init) |
| 2023-03-13 | Citigroup | Buy (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 7/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.515 |
| Retained earnings / assets | 0.23 |
| EBIT / assets | 0.018 |
| Equity / liabilities | 7.157 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| RLX | RLX Technology Inc. | 7/9 | 11.77 | — | +50.3% |
| ISPR | Ispire Technology Inc. | 2/9 | -3.99 | — | -16.1% |
| XXII | 22nd Century Group, Inc. | 3/9 | — | — | -27.9% |
| MO | ALTRIA GROUP, INC. | 6/9 | 4.5 | 17.7 | -3.1% |
| PM | Philip Morris International Inc. | 6/9 | 2.88 | 24.8 | +7.3% |
| VFS | VinFast Auto Ltd. | 4/9 | -13.01 | — | +57.9% |
| TM | TOYOTA MOTOR CORP/ | 7/9 | 2.55 | — | -1% |
About RLX Technology Inc.
RLX Technology Inc., through its subsidiaries, develops, manufactures, and sells e-vapor products in the People's Republic of China and internationally. It offers rechargeable e-vapor products under the Qingyu, Phantom, Phantom Pro, Zeus, Leili, and Daqian names; and disposable e-vapor products under the Feiliu and Feiliu Mega names. The company also provides closed-system rechargeable products, open-system products, closed-system disposable products, and modern oral products. It sells its products through local channels, third-party distribution channels, and distribution channels co-managed with third parties, as well as online and offline end users. The company was founded in 2018 and is headquartered in Shenzhen, the People's Republic of China.
FAQ
Is RLX financially healthy?
RLX Technology Inc.'s Piotroski F-score is 7/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does RLX pay a dividend, and is it safe?
Yes. RLX Technology Inc. pays a dividend with a 9.9% payout ratio, rated “safe” for safety.
How profitable is RLX?
In FY2025, RLX Technology Inc. had a net margin of 23.3% and a return on equity of 5.9%.
Is RLX overvalued or undervalued?
RLX Technology Inc. trades at about 20.2× trailing earnings — below its 10-year norm (10-year range 14.9×–37.6×, median 23.1×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for RLX?
The average Wall-Street price target for RLX Technology Inc. is $2.98, about 47.5% above the recent price, from 5 analysts.
Is RLX a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on RLX Technology Inc.: a Piotroski F-score of 7/9, an Altman Z″ in the safe zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.