LI AUTO INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 25.04 USD | +6.69% |
|
-5.08% | -33.10% |
| Apr. 26 | Renault talks to China's Li Auto and Xiaomi on tech collaboration | RE |
| Apr. 25 | Barclays Downgrades Li Auto to Equal-Weight From Overweight, Price Target is $25 | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 160,010 | 207,200 | 137,291 | 266,240 | 192,520 | - | - |
| Enterprise Value (EV) 1 | 132,249 | 185,344 | 108,435 | 171,700 | 84,722 | 64,512 | 32,671 |
| P/E ratio | -103 x | -583 x | -68 x | 23.9 x | 14.7 x | 10.1 x | 7.54 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 16.9 x | 7.67 x | 3.03 x | 2.15 x | 0.98 x | 0.72 x | 0.61 x |
| EV / Revenue | 14 x | 6.86 x | 2.39 x | 1.39 x | 0.43 x | 0.24 x | 0.1 x |
| EV / EBITDA | -380 x | -434 x | -44.4 x | - | 5.48 x | 2.81 x | 1.17 x |
| EV / FCF | 53.6 x | 37.9 x | 48.1 x | 3.89 x | 2.64 x | 2.28 x | 0.93 x |
| FCF Yield | 1.86% | 2.64% | 2.08% | 25.7% | 37.9% | 43.8% | 108% |
| Price to Book | - | - | - | - | 2.48 x | 1.98 x | 1.57 x |
| Nbr of stocks (in thousands) | 850,594 | 1,016,174 | 975,752 | 1,002,213 | 1,061,010 | - | - |
| Reference price 2 | 188.1 | 203.9 | 140.7 | 265.7 | 181.4 | 181.4 | 181.4 |
| Announcement Date | 2/25/21 | 2/25/22 | 2/27/23 | 2/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 284.4 | 9,457 | 27,010 | 45,287 | 123,851 | 196,239 | 266,867 | 316,996 |
| EBITDA 1 | - | -348.3 | -426.9 | -2,441 | - | 15,465 | 22,943 | 27,886 |
| EBIT 1 | - | -669.3 | -1,017 | -3,655 | 7,407 | 12,823 | 20,065 | 25,579 |
| Operating Margin | - | -7.08% | -3.77% | -8.07% | 5.98% | 6.53% | 7.52% | 8.07% |
| Earnings before Tax (EBT) 1 | - | -188.9 | -152.8 | -2,159 | 10,452 | 16,082 | 23,926 | 30,930 |
| Net income 1 | - | -792 | -321.5 | -2,012 | 11,704 | 14,393 | 21,541 | 27,660 |
| Net margin | - | -8.37% | -1.19% | -4.44% | 9.45% | 7.33% | 8.07% | 8.73% |
| EPS 2 | -12.74 | -1.820 | -0.3500 | -2.070 | 11.10 | 12.36 | 17.94 | 24.07 |
| Free Cash Flow 1 | - | 2,465 | 4,896 | 2,252 | 44,190 | 32,096 | 28,240 | 35,188 |
| FCF margin | - | 26.07% | 18.13% | 4.97% | 35.68% | 16.36% | 10.58% | 11.1% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 207.55% | 123.09% | 126.18% |
| FCF Conversion (Net income) | - | - | - | - | 377.56% | 223% | 131.1% | 127.22% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 7/10/20 | 2/25/21 | 2/25/22 | 2/27/23 | 2/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,775 | 10,620 | 9,562 | 8,733 | 9,342 | 17,650 | 18,787 | 28,653 | 34,679 | 41,732 | 30,675 | 39,284 | 51,362 | 65,786 | 53,040 |
| EBITDA 1 | - | - | - | -774.9 | -1,750 | 295 | 763.7 | 2,040 | - | - | 2,605 | 3,495 | 4,900 | 5,946 | 6,215 |
| EBIT 1 | -97.8 | 24.1 | -413.1 | -978.5 | -2,130 | -133.6 | 405.2 | 1,626 | 2,339 | 3,036 | 1,421 | 2,212 | 3,174 | 4,722 | 4,484 |
| Operating Margin | -1.26% | 0.23% | -4.32% | -11.2% | -22.8% | -0.76% | 2.16% | 5.67% | 6.75% | 7.28% | 4.63% | 5.63% | 6.18% | 7.18% | 8.45% |
| Earnings before Tax (EBT) 1 | 100.7 | 282.8 | 19.36 | -645.3 | -1,702 | 168.5 | 972.8 | 2,352 | 2,951 | 4,176 | 2,757 | 3,138 | 4,108 | 5,277 | - |
| Net income 1 | -21.51 | 295.5 | -10.87 | -618 | -1,640 | 256.9 | 929.7 | 2,293 | 2,823 | 5,658 | 2,419 | 2,710 | 3,526 | 4,179 | - |
| Net margin | -0.28% | 2.78% | -0.11% | -7.08% | -17.56% | 1.46% | 4.95% | 8% | 8.14% | 13.56% | 7.88% | 6.9% | 6.87% | 6.35% | - |
| EPS 2 | -0.0200 | 0.2900 | -0.0100 | -0.6400 | -1.680 | 0.2500 | 0.8900 | 2.180 | 2.670 | 5.320 | 2.781 | 2.971 | 3.661 | 3.901 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/29/21 | 2/25/22 | 5/10/22 | 8/15/22 | 12/9/22 | 2/27/23 | 5/10/23 | 8/8/23 | 11/9/23 | 2/26/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 27,761 | 21,856 | 28,856 | 94,540 | 107,798 | 128,008 | 159,849 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 2,465 | 4,896 | 2,252 | 44,190 | 32,096 | 28,240 | 35,188 |
| ROE (net income / shareholders' equity) | - | -4.61% | -0.91% | -4.68% | 22.3% | 21.4% | 24.4% | 23.6% |
| ROA (Net income/ Total Assets) | - | -3.45% | -0.65% | -2.71% | 10.2% | 7.85% | 9.33% | 9.76% |
| Assets 1 | - | 22,943 | 49,115 | 74,194 | 115,002 | 183,246 | 230,826 | 283,444 |
| Book Value Per Share 2 | - | - | - | - | - | 73.00 | 91.50 | 116.0 |
| Cash Flow per Share 2 | - | 3.610 | 4.500 | 3.800 | 47.90 | 28.20 | 24.30 | 30.00 |
| Capex 1 | - | 675 | 3,445 | 5,128 | - | 10,875 | 10,278 | 11,355 |
| Capex / Sales | - | 7.14% | 12.75% | 11.32% | - | 5.54% | 3.85% | 3.58% |
| Announcement Date | 7/10/20 | 2/25/21 | 2/25/22 | 2/27/23 | 2/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
26
Last Close Price
181.4
CNY
Average target price
362.9
CNY
Spread / Average Target
+99.97%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -33.10% | 26.57B | |
| -32.27% | 537B | |
| -50.50% | 9.29B | |
| -61.47% | 8.84B | |
| -46.26% | 7.4B | |
| -68.94% | 6.08B | |
| -41.57% | 5.68B | |
| -30.11% | 4.26B | |
| 0.00% | 3.92B | |
| -4.82% | 2.27B |
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- Financials Li Auto Inc.
