RLX Technology Inc. (RLX)
Cigarettes
Latest Price
$1.73
TTM P/E
17.30
Normalized P/E
17.30
Div Yield
6.36%
Book Value
--
P/B Ratio
--
Valuation metrics
adjust assumptions →EPS: $0.10
Book value / share: $10.23
Formula: √(22.5 × EPS × BVPS)
Graham Number
$4.80
+177% upside
Norm. op. income: $30M (median of 6yr)
Tax rate: 21%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$2.17
+26% upside
Base FCF: $481M (median of recent 5yr)
Growth: -15%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$3.36
+94% upside
EPS: $0.10
Target P/E: 15×
Formula: EPS × P/E
P/E Fair Value
$1.50
13% downside
Institutional Ownership
21.9% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| First Beijing Investment Ltd | 59.82M | $113.0M | 4.89% | -307.8K | 2026-06-30 |
| IDG China Venture Capital Fund V Associates L.P. | 55.07M | $104.0M | 4.50% | -2.06M | 2026-06-30 |
| NOMURA HOLDINGS INC | 22.58M | $42.0M | 1.85% | +20.22M | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 20.93M | $39.0M | 1.71% | -546.6K | 2026-06-30 |
| OLP CAPITAL MANAGEMENT Ltd | 13.32M | $25.0M | 1.09% | +135.0K | 2026-06-30 |
| JANE STREET GROUP, LLC | 12.09M | $22.0M | 0.99% | +11.80M | 2026-06-30 |
| BlackRock, Inc. | 9.63M | $18.0M | 0.79% | +109.9K | 2026-06-30 |
| D. E. Shaw & Co., Inc. | 9.55M | $18.0M | 0.78% | -59.3K | 2026-06-30 |
| Aspex Management (HK) Ltd | 7.90M | $15.0M | 0.65% | -- | 2026-06-30 |
| Perseverance Asset Management International | 7.36M | $13.0M | 0.60% | -135.1K | 2026-06-30 |