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Chinese maker of robotic vacuum cleaners, window-cleaning robots and other smart home-cleaning devices.
Chinese maker of robotic vacuum cleaners, window-cleaning robots and other smart home-cleaning devices.
Sells robot vacuums and floor-cleaning devices under the Deebot and Tineco brands through online marketplaces, retailers and its own stores, in China and abroad, so sales respond to promotions, new-model launches and online-platform sales events. Window-cleaning and commercial robots are smaller lines.
In one line: A smaller, China-based iRobot.
Moat: narrow (brand, IP / patents). Long-standing global smart-cleaning brand (Deebot) with navigation-technology patents.
Headquarters: Suzhou, China · Founded: 1998 · Employees: 10,730
Size Ecovacs Robotics (603486.SS) is a China Consumer Discretionary company (Electronics/Appliances) with a market value of $4.22B, the 609th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥49.12 on 6 Nov 2026.
Performance Over six months the shares fell 24.6%, against +7.9% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 10.3% over the last twelve months (peer median +5.4%); the operating margin is 6.9% (peer median 7.9%).
Valuation It trades at 14.5× forward earnings against a peer median of 17.7× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.1 points above its cost of capital (11.6% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥21.2B | CN¥19.0B | CN¥16.5B | CN¥15.5B | CN¥15.2B |
| Revenue growth | — | +15% | +7% | +1% | — |
| Gross profit | CN¥10.0B | CN¥9.12B | CN¥7.53B | CN¥6.78B | CN¥7.75B |
| EBITDA | n/a | CN¥2.00B | CN¥1.18B | CN¥756M | CN¥1.82B |
| Net income | CN¥1.71B | CN¥1.76B | CN¥806M | CN¥612M | CN¥1.70B |
| Free cash flow | CN¥155M | CN¥2.71B | CN¥158M | CN¥216M | CN¥1.10B |
| Capital expenditure | CN¥961M | CN¥684M | CN¥709M | CN¥901M | CN¥677M |
| Total debt | CN¥2.90B | CN¥2.15B | CN¥2.87B | CN¥2.47B | CN¥2.31B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ecovacs Robotics 603486.SS | $4.22B | -25% | +10% | 7% | 14.5× | 16.2% |
| Beijing Roborock Technology 688169.SS | $5.29B | +17% | +31% | 8% | 17.3× | 4.6% |
| Xiaomi-w 1810.HK | $99.0B | -2% | +6% | 3% | 27.8× | 24.3% |
| SharkNinja SN | $31.4B | +100% | +19% | 16% | 30.7× | 21.1% |
| Anker Innovations Technology 300866.SZ | $8.83B | -11% | +22% | 11% | 19.5× | 5.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 603486.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.4% | +2.1% | 10th highest of 21 |
| 6-month return | -24.6% | +7.9% | 4th lowest of 21 |
| Distance from 52-week high | -49.8% | -16.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +10.3% | +5.4% | 10th highest of 21 |
| Operating margin | 6.9% | 7.9% | 9th lowest of 21 |
| Forward P/E | 14.5× | 17.7× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 16.2% | 0.7% | 3rd most demanding of 15 |
| Growth delivered (Del g) | +21.4% | +9.4% | 5th highest of 15 |
| Hurdle (Req g minus delivered) | -5.2 pp | -9.1 pp | 7th most demanding of 15 |
| ROIC minus cost of capital | +6.1 pp | +3.7 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ecovacs Robotics 603486.SS | China | $4.22B | -25% | +10% | 7% | 14.5× | 16.2% | +21.4% |
| Hisense Home Appliances 0921.HK | Hong Kong | $4.26B | -24% | -6% | 3% | 9.3× | -13.5% | +11.9% |
| Shenzhen MTC 002429.SZ | China | $4.30B | -42% | +3% | 7% | 22.1× | n/a | n/a |
| Seb SK.PA | France | $3.55B | +8% | -1% | 8% | 12.1× | -0.8% | +3.3% |
| Beijing Roborock Technology 688169.SS | China | $5.29B | +17% | +31% | 8% | 17.3× | 4.6% | +32.8% |
| Hisense Visual Technology 600060.SS | China | $5.31B | +8% | -2% | 5% | 12.8× | -3.4% | +8.0% |
| Breville BRG.AX | Australia | $3.33B | +13% | +7% | 11% | 31.1× | 26.4% | +8.8% |
| Aditya Infotech CPPLUS.NS | India | $5.37B | +68% | +36% | 13% | 69.9× | n/a | n/a |
| Zhejiang Supor 002032.SZ | China | $5.37B | -4% | 0% | 10% | 18.0× | -2.8% | +4.1% |
| Coway 021240.KS | South Korea | $5.56B | +26% | +14% | 18% | 10.8× | n/a | n/a |
| Nikon 7731.T | Japan | $3.17B | -12% | -4% | -2% | 45.4× | n/a | n/a |
| TCL Electronics 1070.HK | Hong Kong | $6.01B | +3% | +14% | 3% | 12.4× | -2.3% | +17.6% |
| Howden Joinery HWDN.L | United Kingdom | $6.12B | +16% | +4% | 15% | 16.6× | 14.9% | +9.3% |
| Joyoung 002242.SZ | China | $2.87B | +131% | -7% | -1% | 159.7× | n/a | n/a |
| Kingclean Electric 603355.SS | China | $2.79B | +4% | -2% | 8% | 35.9× | 4.4% | +9.4% |
| Arashi Vision 688775.SS | China | $6.41B | -45% | +74% | -1% | 135.2× | n/a | n/a |
| Casio Computer 6952.T | Japan | $2.74B | +24% | +12% | 11% | 15.9× | 0.2% | +4.0% |
| IMAX IMAX | United States | $2.61B | +35% | +15% | 23% | 18.8× | 12.2% | +24.5% |
| Electrolux ELUX-A.ST | Sweden | $2.50B | +11% | -3% | -1% | 18.1× | 1.2% | +2.6% |
| Cowell e 1415.HK | Hong Kong | $2.38B | -33% | +15% | 7% | 9.8× | -10.3% | +36.2% |
| Theon International THEON.AS | Netherlands | $2.36B | -10% | +32% | 23% | 17.1× | 18.7% | +52.2% |