XPENG INC. |
Market Closed -
Other stock markets
|
After market 07:56:31 pm | |||
| 7.84 USD | +10.73% |
|
7.82 | -0.26% |
| Apr. 26 | TAKE A LOOK-Beijing auto show | RE |
| Apr. 26 | TAKE A LOOK-Beijing auto show | RE |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 214,736 | 269,640 | 58,738 | 97,290 | 53,595 | - | - |
| Enterprise Value (EV) 1 | 183,544 | 233,747 | 51,925 | 97,290 | 41,780 | 45,547 | 39,439 |
| P/E ratio | -38.6 x | -54 x | -6.43 x | -8.69 x | -6.72 x | -10.4 x | -32.8 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 36.7 x | 12.8 x | 2.19 x | 3.17 x | 1.08 x | 0.73 x | 0.57 x |
| EV / Revenue | 31.4 x | 11.1 x | 1.93 x | 3.17 x | 0.84 x | 0.62 x | 0.42 x |
| EV / EBITDA | -47.6 x | -40.7 x | -7.12 x | - | -6.05 x | -13.1 x | 111 x |
| EV / FCF | -194 x | -68.9 x | -4.15 x | - | -12 x | 63 x | 8.11 x |
| FCF Yield | -0.52% | -1.45% | -24.1% | - | -8.33% | 1.59% | 12.3% |
| Price to Book | 12.5 x | 6.23 x | 1.6 x | - | 2.09 x | 2.9 x | 3.14 x |
| Nbr of stocks (in thousands) | 768,381 | 843,413 | 856,765 | 939,549 | 943,380 | - | - |
| Reference price 2 | 279.5 | 319.7 | 68.56 | 103.5 | 56.81 | 56.81 | 56.81 |
| Announcement Date | 3/8/21 | 3/28/22 | 3/17/23 | 3/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,844 | 20,988 | 26,855 | 30,676 | 49,852 | 73,818 | 93,316 |
| EBITDA 1 | -3,856 | -5,742 | -7,295 | - | -6,902 | -3,490 | 356.1 |
| EBIT 1 | -3,297 | -6,579 | -8,706 | -10,889 | -8,838 | -5,540 | -1,701 |
| Operating Margin | -56.42% | -31.35% | -32.42% | -35.5% | -17.73% | -7.5% | -1.82% |
| Earnings before Tax (EBT) 1 | -2,731 | -4,837 | -9,118 | -10,394 | -8,003 | -4,660 | -580.4 |
| Net income 1 | -2,732 | -4,863 | -9,139 | -10,376 | -7,872 | -4,724 | -517.7 |
| Net margin | -46.75% | -23.17% | -34.03% | -33.82% | -15.79% | -6.4% | -0.55% |
| EPS 2 | -7.240 | -5.920 | -10.67 | -11.92 | -8.453 | -5.454 | -1.732 |
| Free Cash Flow 1 | -945.8 | -3,394 | -12,508 | - | -3,481 | 723 | 4,862 |
| FCF margin | -16.18% | -16.17% | -46.58% | - | -6.98% | 0.98% | 5.21% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 1,365.28% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 3/8/21 | 3/28/22 | 3/17/23 | 3/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2021 S2 | 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 | 5,720 | 8,556 | 14,276 | 7,455 | 7,436 | 6,823 | 5,140 | 4,033 | 5,063 | 8,530 | 13,050 | 6,147 | 10,654 | 12,183 | 16,044 | 13,059 |
| EBITDA | - | - | - | -1,768 | - | -2,025 | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -1,803 | -2,430 | -4,232 | -1,920 | -2,091 | -2,177 | -2,517 | -2,585 | -3,090 | -3,161 | -2,053 | -2,366 | -2,536 | -2,697 | -2,250 | -1,762 |
| Operating Margin | -31.52% | -28.4% | -29.65% | -25.76% | -28.12% | -31.9% | -48.97% | -64.1% | -61.04% | -37.06% | -15.73% | -38.48% | -23.8% | -22.14% | -14.03% | -13.49% |
| Earnings before Tax (EBT) 1 | - | -1,261 | -2,856 | -1,698 | -2,686 | -2,358 | -2,376 | -2,332 | -2,845 | -3,883 | -1,334 | -1,849 | -2,193 | -2,237 | -1,696 | -1,413 |
| Net income 1 | - | -1,287 | -2,882 | -1,701 | -2,701 | -2,376 | -2,361 | -2,337 | -2,805 | -3,887 | -1,348 | -2,099 | -2,224 | -2,329 | -2,022 | -1,413 |
| Net margin | - | -15.04% | -20.19% | -22.81% | -36.32% | -34.82% | -45.93% | -57.94% | -55.4% | -45.57% | -10.33% | -34.15% | -20.87% | -19.12% | -12.6% | -10.82% |
| EPS 2 | -1.890 | -1.510 | - | -2.000 | -3.160 | -2.770 | -2.740 | -2.710 | -3.250 | -4.490 | -1.510 | -2.404 | -2.447 | -2.699 | -2.838 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/23/21 | 3/28/22 | 3/28/22 | 5/23/22 | 8/23/22 | 11/30/22 | 3/17/23 | 5/24/23 | 8/18/23 | 11/15/23 | 3/19/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | 31,192 | 35,893 | 6,814 | - | 11,815 | 8,048 | 14,157 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -946 | -3,394 | -12,508 | - | -3,481 | 723 | 4,862 |
| ROE (net income / shareholders' equity) | -19.8% | -12.7% | -23.1% | - | -24.3% | -17.7% | -6.76% |
| ROA (Net income/ Total Assets) | -10.1% | -8.81% | -13.3% | - | -9.03% | -4.52% | -0.41% |
| Assets 1 | 26,979 | 55,179 | 68,571 | - | 87,205 | 104,460 | 126,181 |
| Book Value Per Share 2 | 22.40 | 51.30 | 42.90 | - | 27.20 | 19.60 | 18.10 |
| Cash Flow per Share 2 | -0.1900 | -1.330 | -9.610 | - | -7.120 | 2.590 | 5.510 |
| Capex 1 | 806 | 2,300 | 4,680 | - | 2,592 | 2,488 | 2,481 |
| Capex / Sales | 13.79% | 10.96% | 17.43% | - | 5.2% | 3.37% | 2.66% |
| Announcement Date | 3/8/21 | 3/28/22 | 3/17/23 | 3/19/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
27
Last Close Price
56.81
CNY
Average target price
94.93
CNY
Spread / Average Target
+67.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -46.26% | 7.4B | |
| -32.27% | 537B | |
| -33.10% | 26.57B | |
| -50.50% | 9.29B | |
| -68.94% | 6.08B | |
| -41.57% | 5.68B | |
| 0.00% | 3.92B | |
| -30.11% | 4.26B | |
| -47.79% | 2.49B | |
| -4.82% | 2.27B |
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- Financials XPeng Inc.
