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Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives—also known as inverters—servo systems, sensors, interfaces and motor controllers. Inovance employs almost 23,000 staff, including over 5,500 research and development engineers. Almost 95% of Inovance’s sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou; these major offices are supported by over 10 branches across China.
2003
n/a
LTM Revenue $5.7B
LTM EBITDA $769M
$24.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Inovance has a last 12-month revenue (LTM) of $5.7B and a last 12-month EBITDA of $769M.
In the most recent fiscal year, Inovance achieved revenue of $5.1B and an EBITDA of $768M.
Inovance expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Inovance valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $5.7B | XXX | $5.1B | XXX | XXX | XXX |
| Gross Profit | $1.6B | XXX | $1.5B | XXX | XXX | XXX |
| Gross Margin | 28% | XXX | 29% | XXX | XXX | XXX |
| EBITDA | $769M | XXX | $768M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 15% | XXX | XXX | XXX |
| EBIT | $674M | XXX | $684M | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $654M | XXX | $595M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Inovance's stock price is CNY 66 (or $9).
Inovance has current market cap of CNY 177B (or $24.6B), and EV of CNY 177B (or $24.5B).
See Inovance trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $24.5B | $24.6B | XXX | XXX | XXX | XXX | $0.24 |
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Start Free TrialAs of May 30, 2025, Inovance has market cap of $24.6B and EV of $24.5B.
Inovance's trades at 4.8x EV/Revenue multiple, and 32.0x EV/EBITDA.
Equity research analysts estimate Inovance's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Inovance has a P/E ratio of 37.6x.
See valuation multiples for Inovance and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $24.6B | XXX | $24.6B | XXX | XXX | XXX |
| EV (current) | $24.5B | XXX | $24.5B | XXX | XXX | XXX |
| EV/Revenue | 4.3x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBITDA | 31.9x | XXX | 32.0x | XXX | XXX | XXX |
| EV/EBIT | 36.4x | XXX | 35.9x | XXX | XXX | XXX |
| EV/Gross Profit | 15.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 37.6x | XXX | 41.4x | XXX | XXX | XXX |
| EV/FCF | 42.0x | XXX | 34.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialInovance's last 12 month revenue growth is 22%
Inovance's revenue per employee in the last FY averaged n/a, while opex per employee averaged n/a for the same period.
Inovance's rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Inovance's rule of X is 70% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Inovance and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 22% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 20% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | 41% | XXX | 37% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 70% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 15% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Delta Electronics (Thailand) | XXX | XXX | XXX | XXX | XXX | XXX |
| ABB India | XXX | XXX | XXX | XXX | XXX | XXX |
| Siemens India | XXX | XXX | XXX | XXX | XXX | XXX |
| Honeywell Automation India | XXX | XXX | XXX | XXX | XXX | XXX |
| Intelbras | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Inovance acquired XXX companies to date.
Last acquisition by Inovance was XXXXXXXX, XXXXX XXXXX XXXXXX . Inovance acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Inovance founded? | Inovance was founded in 2003. |
| Where is Inovance headquartered? | Inovance is headquartered in China. |
| Is Inovance publicy listed? | Yes, Inovance is a public company listed on SHE. |
| What is the stock symbol of Inovance? | Inovance trades under 300124 ticker. |
| When did Inovance go public? | Inovance went public in 2010. |
| Who are competitors of Inovance? | Similar companies to Inovance include e.g. Delta Electronics (Thailand), ABB India, Siemens India, Honeywell Automation India. |
| What is the current market cap of Inovance? | Inovance's current market cap is $24.6B |
| What is the current revenue of Inovance? | Inovance's last 12 months revenue is $5.7B. |
| What is the current revenue growth of Inovance? | Inovance revenue growth (NTM/LTM) is 22%. |
| What is the current EV/Revenue multiple of Inovance? | Current revenue multiple of Inovance is 4.3x. |
| Is Inovance profitable? | Yes, Inovance is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Inovance? | Inovance's last 12 months EBITDA is $769M. |
| What is Inovance's EBITDA margin? | Inovance's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Inovance? | Current EBITDA multiple of Inovance is 31.9x. |
| What is the current FCF of Inovance? | Inovance's last 12 months FCF is $584M. |
| What is Inovance's FCF margin? | Inovance's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Inovance? | Current FCF multiple of Inovance is 42.0x. |
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