Lens Technology IPO (Hong Kong) Valuation Analysis
Our base case valuation of Lens Technology is market cap of 146 billion CNY based on P/E of 24.9x our estimated net profit of 5.8 billion CNY in 2026.
The company's current market cap is 120.7 billion CNY. Thus, our base case valuation represents a 21% upside from current levels.
Lens Technology is well positioned to be one of the first companies to undertake large-scale production of key components and complete device assembly for humanoid robots and AI glasses.
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