Rlx Technology Intrinsic Value Calculator – RLX TECHNOLOGY Reports 68.6% Decrease in Total Revenue for Q3 2023

🌥️Earnings Overview

RLX TECHNOLOGY ($NYSE:RLX) reported total revenue of CNY 327.8 million for the three months ending September 30 2023, a decline of 68.6% compared to the same period in the prior year. Net income for the same period was reported as CNY 171.0 million, a decrease of 66.0% from the prior year. These results were made public on November 13 2023.

Analysis – Rlx Technology Intrinsic Value Calculator

GoodWhale has conducted an analysis of RLX TECHNOLOGY‘s wellbeing and found that the intrinsic value of RLX TECHNOLOGY share is around $3.7. This value was calculated using our proprietary Valuation Line, which is a tool designed to evaluate the current market valuation of companies. Through this analysis, it was determined that the stock is currently undervalued by 49.0%, with the RLX TECHNOLOGY share being traded at $1.9. This provides investors with an opportunity to invest in a company that is currently trading at a discounted price. It is important to note, however, that the stock may not remain undervalued for long, so investors should take advantage of this opportunity while they can. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Rlx Technology. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Rlx Technology. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Rlx Technology. More…

Key Ratios Snapshot

Some of the financial key ratios for Rlx Technology are shown below. More…

Peers

In the technology industry, RLX Technology Inc competes against Kim Teck Cheong Consolidated Bhd, Crown Confectionery Co Ltd, and White Organic Retail Ltd. All of these companies are striving to be the best in the industry and provide the best products and services to their customers. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which company they want to purchase from.

– Kim Teck Cheong Consolidated Bhd ($KLSE:0180)

Founded in 1957, Kim Teck Cheong Consolidated Bhd is one of Malaysia’s leading suppliers of construction materials. The company has a market cap of 163.65M as of 2022 and a Return on Equity of 12.59%. Its products include cement, sand, aggregate, bricks, and tiles. The company also provides environmental solutions such as waste management and recycling services.

– Crown Confectionery Co Ltd ($KOSE:264900)

As of 2022, Crown Confectionery Co Ltd has a market cap of 106.92B and a Return on Equity of 11.73%. The company manufactures and sells confectionery products under the Crown, Meiji, and Morinaga brands. It offers chocolates, biscuits, crackers, cookies, candies, gum, and other confectionery products. The company also operates supermarkets and convenience stores.

– White Organic Retail Ltd ($BSE:542667)

White Organic Retail Ltd is a publicly traded company with a market capitalization of 4.89 billion as of 2022. The company has a return on equity of 16.17%. White Organic Retail Ltd is engaged in the business of retailing organic food and other products. The company operates a chain of stores under the name “White Organic Markets.”

Summary

RLX TECHNOLOGY reported total revenue of CNY 327.8 million for the three months ending September 30 2023, a decrease of 68.6% compared to the same period in the prior year. Net income was CNY 171.0 million, down 66.0% year over year. Despite these weak results, the stock price of RLX TECHNOLOGY moved up the same day. This could be an indication that investors are optimistic about the company’s long-term prospects and may be a good opportunity for investors to enter the market at a lower cost.

However, investors should also be aware of the potential risks associated with investing in this company, including further declines in revenues and profits.