# RLX Technology Inc. each representing the right to receive one (1) (RLX) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Consumer Defensive / Tobacco. Price $1.63, market value $2.0 billion.

## Valuation
- **P/E (trailing): 14.8×** (5-yr avg 25.4×, 3-yr avg 31.8×). RLX Technology Inc. each representing the right to receive one (1) trades at 14.8× trailing earnings, well below its own five-year average of 25.4×: cheap by its own standards. The Consumer Defensive median in the September 2026 study was 20.1×. Forward P/E is 10.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.14**. A PEG of 0.14 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.4×**. Each dollar of revenue is priced at 0.4×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 2.1×**. Enterprise value is 2.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 20.9%** (5-yr avg 3.4%). Free cash flow equals 20.9% of the market value, above its five-year average of 3.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 6.7%**. The inverse of the P/E: 6.7% of the price is earned each year.

## Profitability
- **Gross margin: 34.9%**. RLX Technology Inc. each representing the right to receive one (1) keeps 34.9% of revenue after the direct cost of what it sells.
- **Operating margin: 13.0%**. 13.0% of revenue is left after running the business.
- **Net margin: 23.3%**. 23.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.9%**. 5.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 35.0%**. Return on all capital, debt included, is 35.0%: comfortably above what that capital costs.
- **Return on assets: 38.4%**. Each dollar of assets produces 38.4% of profit.

## Growth
- **Revenue growth (1 yr): 50.3%** (3-yr -9.9%/yr, 5-yr -0.7%/yr). Revenue grew 50.3% over the last year, against -0.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 69.5%** (3-yr -14.0%/yr). Earnings per share rose 69.5%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 29.5%/yr**. Free cash flow has compounded at 29.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. RLX Technology Inc. each representing the right to receive one (1) holds more cash than debt.
- **Current ratio: 5.70** (quick 5.70). Current assets cover the next year's liabilities 5.70 times.
- **Altman Z-score: 5.92**. A Z-score of 5.92 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 6.14%** ($0.10 per share, trailing). RLX Technology Inc. each representing the right to receive one (1) yields 6.14%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 10%**. 10% of earnings goes out as dividends, leaving room to keep raising it.

## Analyst view
- **Analyst consensus: strong_buy** (6 analysts). 6 analysts cover RLX Technology Inc. each representing the right to receive one (1); the consensus is strong_buy, with an average price target of $2.79 (+71% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -32.0%** (YTD -28.8%, 3-mo -16.6%). The shares are down 32.0% over twelve months including dividends.
- **From 52-week high: -37.3%** (3.2% above the low). Trading 37% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 47**. An RSI of 47 is neutral.
- **Beta (1 yr): 0.43** (volatility 30%). Beta of 0.43 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=RLX · Page: https://foliofundamentals.com/stocks/rlx

Not investment advice.