LI AUTO INC.

(LI)
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Real-time Estimate Cboe BZX  -  12:09 2022-07-01 pm EDT
36.77 USD   -4.03%
11:16aChinese Electric-Vehicle Makers Report Sharp Delivery Gains as Production Recovers From COVID-19 Lockdowns
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09:50aNomura Adjusts Li Auto Price Target to $46.20 From $43.20, Maintains Buy Rating
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06:43aLI AUTO : June 2022 Delivery Update - Form 6-K
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China Auto Stocks Jump on Hopes That Worst Is Over for Sector

05/17/2022 | 12:48am EDT

By Yifan Wang

Chinese auto stocks jumped in early trade in Hong Kong amid a growing hope that the sector may have hit bottom and begin to rebound as disruptions related to supply chains and the pandemic begin to ease.

Shares of Great Wall Motor Co. gained as much as 11%, while Geely Automobile Holdings Ltd. rose by up to 8.5%. Electric car makers also soared, with BYD Co. up 6.5%, NIO Inc. surging 8.1% and Li Auto Inc. advancing 6.2%.

The upturn came as equities analysts grew increasingly optimistic over the sector's outlook for recovery. The resurgence of Covid-19 in China badly hurt auto production and sales in the past month.

Officials in Shanghai on Monday said they would begin gradually reopening from stringent lockdowns as of June 1 if progress toward controlling the Omicron outbreak is maintained

"As work resumption continues to progress in Shanghai and surrounding areas, the worst moment is likely over," Capital Securities analysts Yue Qinghui and Chen Yitong wrote in a research note. "Auto demand could substantially pick up as policy stimulus is rolled out and as social and economic activities recover" from China's pandemic-related curbs, they said.

"The auto sector's valuation has significantly corrected down since late 2021, and are now at October 2020 levels," Guosheng Securities analysts said in a note. "This suggests an attractive buying point."


Write to Yifan Wang at yifan.wang@wsj.com


(END) Dow Jones Newswires

05-17-22 0047ET

Stocks mentioned in the article
ChangeLast1st jan.
BYD COMPANY LIMITED -0.32% 314 Delayed Quote.17.78%
GEELY AUTOMOBILE HOLDINGS LIMITED 1.94% 17.84 Delayed Quote.-16.24%
GREAT WALL MOTOR COMPANY LIMITED 0.00% 16.14 Delayed Quote.-39.78%
LI AUTO INC. -3.86% 36.87 Delayed Quote.19.35%
NIO INC. -2.58% 21.2 Delayed Quote.-31.44%
All news about LI AUTO INC.
11:16aChinese Electric-Vehicle Makers Report Sharp Delivery Gains as Production Recovers From..
MT
09:50aNomura Adjusts Li Auto Price Target to $46.20 From $43.20, Maintains Buy Rating
MT
06:43aLI AUTO : June 2022 Delivery Update - Form 6-K
PU
04:54aLi Auto Reports 69% Growth in June Deliveries of Li ONE SUVs
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04:31aLi Auto Inc. June 2022 Delivery Update
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04:30aLi Auto Inc. June 2022 Delivery Update
AQ
06/30Li Auto to Launch $2 Billion Share Placement on Nasdaq; Hong Kong Shares Rally 7%
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06/29NVIDIA - DETECT TO PROTECT : Taiwan Hospital Deploys Real-Time AI Risk Prediction for Kidn..
AQ
06/29LI AUTO : Supplemental and Updated Disclosures - Form 6-K
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06/28Li Auto to Launch $2 Billion Offering of American Depositary Shares
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Analyst Recommendations on LI AUTO INC.
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Financials
Sales 2022 52 683 M 7 864 M 7 864 M
Net income 2022 -299 M -44,6 M -44,6 M
Net cash 2022 24 385 M 3 640 M 3 640 M
P/E ratio 2022 -564x
Yield 2022 -
Capitalization 248 B 36 976 M 36 976 M
EV / Sales 2022 4,24x
EV / Sales 2023 2,24x
Nbr of Employees 11 901
Free-Float 76,0%
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Technical analysis trends LI AUTO INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 22
Last Close Price 38,31 $
Average target price 43,42 $
Spread / Average Target 13,3%
EPS Revisions
Managers and Directors
Xiang Li Chairman & Chief Executive Officer
Ya Nan Shen President & Executive Director
Tie Li Chief Financial Officer & Executive Director
Dong Hui Ma Chief Engineer
Hong Qiang Zhao Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
LI AUTO INC.19.35%36 976
TESLA, INC.-36.28%697 926
NIO INC.-31.44%35 891
LUCID GROUP, INC.-54.90%28 620
XPENG INC.-36.94%27 307
RIVIAN AUTOMOTIVE, INC.-75.18%23 183