RLX Technology Inc., through its subsidiaries, develops, manufactures, and sells e-vapor products in the People's Republic of China and internationally. With a market capitalization of $2.51B, it sits in mid-cap territory. It offers rechargeable e-vapor products under the Qingyu, Phantom, Phantom Pro, Zeus, Leili, and Daqian names; and disposable e-vapor products under the Feiliu and Feiliu Mega names.
Market Cap
$2.51B
Beta
1.15
P/E (TTM)
18.64
P/E (Fwd)
12.33
EPS (TTM)
$0.11
EPS (Fwd)
$0.17
ROE
6.2%
ROA
1.8%
Cash
$9.50B
Total Debt
$211.6M
Free CF
-$280.8M
52W Change
-9.3%
Annual Financials
Cash vs Debt
The balance sheet looks solid with $9.50B in cash comfortably exceeding the $211.6M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Free cash flow is running at -$280.8M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at 6.2%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.8% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $5.28B to $3.62B.
With cash comfortably exceeding debt, RLX has financial flexibility that may help navigate uncertain periods. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing RLX.