LI AUTO INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.24 USD | -2.46% |
|
-0.34% | -45.93% |
| Jun. 01 | Li Auto Inc. Reports Sales Results for the Month and Year to Date Ended May 2024 | CI |
| May. 21 | Barclays Adjusts Li Auto Price Target to $22 From $25, Maintains Equal Weight Rating | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 160,010 | 207,200 | 137,291 | 266,240 | 155,600 | - | - |
| Enterprise Value (EV) 1 | 132,249 | 185,344 | 108,435 | 171,700 | 61,690 | 44,741 | 20,193 |
| P/E ratio | -103 x | -583 x | -68 x | 23.9 x | 18.4 x | 10.9 x | 8.36 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 16.9 x | 7.67 x | 3.03 x | 2.15 x | 1.01 x | 0.7 x | 0.59 x |
| EV / Revenue | 14 x | 6.86 x | 2.39 x | 1.39 x | 0.4 x | 0.2 x | 0.08 x |
| EV / EBITDA | -380 x | -434 x | -44.4 x | 18.6 x | 6.92 x | 2.69 x | 0.96 x |
| EV / FCF | 53.6 x | 37.9 x | 48.1 x | 3.89 x | 4.29 x | 1.85 x | 0.69 x |
| FCF Yield | 1.86% | 2.64% | 2.08% | 25.7% | 23.3% | 54.2% | 145% |
| Price to Book | - | - | - | 4.37 x | 2.19 x | 1.82 x | 1.51 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 | 146.7 | 146.7 | 146.7 |
| 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 | 153,869 | 221,391 | 263,612 |
| EBITDA 1 | - | -348.3 | -426.9 | -2,441 | 9,212 | 8,917 | 16,604 | 21,006 |
| EBIT 1 | - | -669.3 | -1,017 | -3,655 | 7,407 | 6,432 | 13,532 | 18,297 |
| Operating Margin | - | -7.08% | -3.77% | -8.07% | 5.98% | 4.18% | 6.11% | 6.94% |
| Earnings before Tax (EBT) 1 | - | -188.9 | -152.8 | -2,159 | 10,452 | 9,728 | 17,280 | 22,769 |
| Net income 1 | - | -792 | -321.5 | -2,012 | 11,704 | 9,404 | 16,545 | 20,924 |
| Net margin | - | -8.37% | -1.19% | -4.44% | 9.45% | 6.11% | 7.47% | 7.94% |
| EPS 2 | -12.74 | -1.820 | -0.3500 | -2.070 | 11.10 | 7.988 | 13.40 | 17.55 |
| Free Cash Flow 1 | - | 2,465 | 4,896 | 2,252 | 44,190 | 14,383 | 24,237 | 29,231 |
| FCF margin | - | 26.07% | 18.13% | 4.97% | 35.68% | 9.35% | 10.95% | 11.09% |
| FCF Conversion (EBITDA) | - | - | - | - | 479.71% | 161.3% | 145.97% | 139.15% |
| FCF Conversion (Net income) | - | - | - | - | 377.56% | 152.94% | 146.49% | 139.7% |
| 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 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 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,620 | 9,562 | 8,733 | 9,342 | 17,650 | 18,787 | 28,653 | 34,679 | 41,732 | 25,634 | 32,758 | 42,265 | 48,162 | 37,784 | 49,008 |
| EBITDA 1 | - | - | -774.9 | -1,750 | 295 | 763.7 | 2,040 | - | - | - | 2,281 | 3,165 | 6,722 | 5,763 | 5,873 |
| EBIT 1 | 24.1 | -413.1 | -978.5 | -2,130 | -133.6 | 405.2 | 1,626 | 2,339 | 3,036 | -584.9 | 533.5 | 2,118 | 4,687 | 3,917 | 3,869 |
| Operating Margin | 0.23% | -4.32% | -11.2% | -22.8% | -0.76% | 2.16% | 5.67% | 6.75% | 7.28% | -2.28% | 1.63% | 5.01% | 9.73% | 10.37% | 7.89% |
| Earnings before Tax (EBT) 1 | 282.8 | 19.36 | -645.3 | -1,702 | 168.5 | 972.8 | 2,352 | 2,951 | 4,176 | 675.6 | 1,177 | 1,909 | 3,488 | - | - |
| Net income 1 | 295.5 | -10.87 | -618 | -1,640 | 256.9 | 929.7 | 2,293 | 2,823 | 5,658 | 592.6 | 1,037 | 1,686 | 2,662 | - | - |
| Net margin | 2.78% | -0.11% | -7.08% | -17.56% | 1.46% | 4.95% | 8% | 8.14% | 13.56% | 2.31% | 3.17% | 3.99% | 5.53% | - | - |
| EPS 2 | 0.2900 | -0.0100 | -0.6400 | -1.680 | 0.2500 | 0.8900 | 2.180 | 2.670 | 5.320 | 0.5600 | 1.710 | 2.131 | 2.111 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 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 | 5/20/24 | - | - | - | - | - |
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 | 93,910 | 110,858 | 135,407 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 2,465 | 4,896 | 2,252 | 44,190 | 14,383 | 24,237 | 29,231 |
| ROE (net income / shareholders' equity) | - | -4.61% | -0.91% | -4.68% | 22.3% | 16% | 20.8% | 20.8% |
| ROA (Net income/ Total Assets) | - | -3.45% | -0.65% | -2.71% | 10.2% | 5.26% | 7.52% | 7.86% |
| Assets 1 | - | 22,943 | 49,115 | 74,194 | 115,002 | 178,705 | 220,096 | 266,115 |
| Book Value Per Share 2 | - | - | - | - | 60.80 | 66.90 | 80.60 | 97.30 |
| Cash Flow per Share 2 | - | 3.610 | 4.500 | 3.800 | 47.90 | 20.00 | 21.20 | 25.00 |
| Capex 1 | - | 675 | 3,445 | 5,128 | 2,656 | 10,109 | 10,081 | 10,465 |
| Capex / Sales | - | 7.14% | 12.75% | 11.32% | 2.14% | 6.57% | 4.55% | 3.97% |
| 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
146.7
CNY
Average target price
256.3
CNY
Spread / Average Target
+74.75%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -45.93% | 21.49B | |
| -28.32% | 568B | |
| -41.58% | 11.43B | |
| -40.57% | 11.15B | |
| -53.43% | 10.87B | |
| -43.08% | 7.84B | |
| -.--% | 6.82B | |
| -32.54% | 6.55B | |
| -.--% | 6.24B | |
| -20.17% | 4.87B |
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- Financials Li Auto Inc.
