Added to YB: 2026-07-13
Pitch date: 2026-07-09
RLX [bullish]
RLX Technology Inc.
-2.99%
current return
Author Info
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Company Info
RLX Technology Inc., through its subsidiaries, develops, manufactures, and sells e-vapor products in the People's Republic of China and internationally.
Market Cap
$16.2B
Pitch Price
$2.01
Price Target
N/A
Dividend
5.64%
EV/EBITDA
11.41
P/E
17.70
EV/Sales
1.59
Sector
Tobacco
Category
value
Show full summary:
The No List: Initiating Coverage on RLX Technology (NYSE: RLX)
RLX: NYSE-listed China vape brand trades near net cash (~$2.1B vs $2.3B mkt cap), pricing biz at 1-2.5x EV/op profit. 2025 rev RMB3.96B, NI RMB934M; Q1'26 +96% YoY, 72% ex-China. 32% GM, 8-9% shareholder yield. Disciplined mgmt refused HNB/going-private. Orphaned; upside is free option.
Read full article (14 min)