Added to YB: 2026-03-19
Pitch date: 2026-03-16
VIOT [bullish]
Viomi Technology Co., Ltd
Author Info
No bio for this author
Company Info
Viomi Technology Co., Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China.
Market Cap
$693.6M
Pitch Price
N/A
Price Target
9.60
Dividend
N/A
EV/EBITDA
-1.56
P/E
3.70
EV/Sales
-0.13
Sector
Household Durables
Category
value
Viomi Technology (VIOT): The Chinese Water Purifier Play Trading at a Negative Enterprise Value — With 77% Revenue Growth
VIOT: Chinese water purifier co at NEGATIVE $56M EV despite $166M cash, growing 77% YoY to $385M TTM rev, $27M net income. 3.6x P/E, 0.25x P/S. $150M Gigafactory (5M unit capacity), 1,850 patents. Risks: 92% Xiaomi revenue concentration, China ADR discount, margin compression. Bull case: 30% China household penetration (vs 70% polluted waterways), gov't subsidies extended to 2026, US Amazon launch, recurring filter revenue model. Target $9.60 (16x 2028 EPS $0.60) = 586% upside.
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