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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 about 24,000 staff, including over 5,800 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 $5.4B
LTM EBITDA $796M
$23.7B
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Inovance has a last 12-month revenue of $5.4B and a last 12-month EBITDA of $796M.
In the most recent fiscal year, Inovance achieved revenue of $4.2B and an EBITDA of $795M.
Inovance expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Inovance valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $4.2B | $5.1B | XXX | XXX | XXX |
| Gross Profit | $886M | $1.1B | XXX | XXX | XXX |
| Gross Margin | 21% | 22% | XXX | XXX | XXX |
| EBITDA | $795M | $755M | XXX | XXX | XXX |
| EBITDA Margin | 19% | 15% | XXX | XXX | XXX |
| Net Profit | $492M | $595M | XXX | XXX | XXX |
| Net Margin | 12% | 12% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Inovance's stock price is CNY 64 (or $9).
Inovance has current market cap of CNY 172B (or $23.7B), and EV of CNY 172B (or $23.7B).
See Inovance trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $23.7B | $23.7B | XXX | XXX | XXX | XXX | $0.26 |
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Sign UpAs of April 15, 2025, Inovance has market cap of $23.7B and EV of $23.7B.
Inovance's trades at 4.4x LTM EV/Revenue multiple, and 29.8x LTM EBITDA.
Analysts estimate Inovance's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Inovance and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $23.7B | XXX | XXX | XXX |
| EV/Revenue | 4.6x | XXX | XXX | XXX |
| EV/EBITDA | 31.4x | XXX | XXX | XXX |
| P/E | 35.2x | XXX | XXX | XXX |
| P/E/Growth | 1.9x | XXX | XXX | XXX |
| EV/FCF | 68.5x | 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.
Sign UpInovance's NTM/LTM revenue growth is 21%
Inovance's revenue per employee for the last fiscal year averaged n/a, while opex per employee averaged n/a for the same period.
Over next 12 months, Inovance's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Inovance's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Inovance and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 22% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -5% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 35% | XXX | XXX | XXX | XXX |
| Revenue per Employee | n/a | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 9% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 18% | XXX | 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 |
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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 |
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Sign Up| 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 $23.7B |
| What is the current revenue of Inovance? | Inovance's last 12-month revenue is $5.4B. |
| What is the current EBITDA of Inovance? | Inovance's last 12-month EBITDA is $796M. |
| What is the current EV/Revenue multiple of Inovance? | Current revenue multiple of Inovance is 4.4x. |
| What is the current EV/EBITDA multiple of Inovance? | Current EBITDA multiple of Inovance is 29.8x. |
| What is the current revenue growth of Inovance? | Inovance revenue growth between 2023 and 2024 was 22%. |
| Is Inovance profitable? | Yes, Inovance is EBITDA-positive (as of the last 12 months). |
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