NIO Inc.

DB:N3IA Stock Report

Market Cap: €8.8b

NIO Valuation

Is N3IA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of N3IA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate N3IA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate N3IA's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for N3IA?

Key metric: As N3IA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for N3IA. This is calculated by dividing N3IA's market cap by their current revenue.
What is N3IA's PS Ratio?
PS Ratio1.1x
SalesCN¥63.13b
Market CapCN¥66.76b

Price to Sales Ratio vs Peers

How does N3IA's PS Ratio compare to its peers?

The above table shows the PS ratio for N3IA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
BMW Bayerische Motoren Werke
0.3x2.4%€52.6b
VOW3 Volkswagen
0.2x2.6%€51.5b
P911 Dr. Ing. h.c. F. Porsche
1.3x4.9%€52.2b
MBG Mercedes-Benz Group
0.4x0.3%€59.2b
N3IA NIO
1.1x23.9%€9.3b

Price-To-Sales vs Peers: N3IA is expensive based on its Price-To-Sales Ratio (1.1x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does N3IA's PS Ratio compare vs other companies in the European Auto Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
N3IA 1.1xIndustry Avg. 0.4xNo. of Companies6PS00.40.81.21.62+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: N3IA is expensive based on its Price-To-Sales Ratio (1.1x) compared to the European Auto industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is N3IA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

N3IA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: N3IA is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst N3IA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.18
€5.82
+39.2%
33.7%€11.95€3.37n/a25
Feb ’26€4.11
€5.99
+45.8%
32.2%€11.97€3.38n/a25
Jan ’26€4.29
€6.08
+41.8%
30.8%€11.94€3.72n/a25
Dec ’25€4.25
€6.08
+43.2%
30.5%€11.82€3.68n/a26
Nov ’25€4.71
€6.26
+32.9%
28.0%€11.75€3.69n/a26
Oct ’25€6.38
€6.04
-5.3%
29.4%€11.59€3.64n/a26
Sep ’25€3.68
€6.05
+64.5%
29.2%€11.51€3.68n/a25
Aug ’25€3.74
€6.29
+68.1%
29.4%€11.58€3.71n/a25
Jul ’25€4.18
€6.60
+58.0%
29.1%€11.63€3.72n/a27
Jun ’25€5.03
€6.79
+35.1%
31.2%€13.15€3.68n/a27
May ’25€4.42
€6.90
+56.3%
31.2%€13.34€3.73n/a27
Apr ’25€4.17
€7.08
+69.9%
28.1%€13.23€4.42n/a26
Mar ’25€5.23
€9.48
+81.4%
29.1%€16.44€4.63n/a27
Feb ’25€5.23
€9.78
+87.1%
26.1%€16.55€6.93€4.1127
Jan ’25€8.54
€10.14
+18.9%
28.0%€17.34€6.79€4.2925
Dec ’24€6.68
€12.24
+83.3%
29.9%€20.57€7.07€4.2525
Nov ’24€7.12
€12.73
+78.9%
29.4%€20.62€7.09€4.7125
Oct ’24€8.41
€12.95
+54.1%
27.5%€20.47€7.03€6.3825
Sep ’24€10.23
€13.03
+27.3%
27.3%€20.23€6.98€3.6826
Aug ’24€13.40
€10.98
-18.1%
31.7%€19.12€6.06€3.7427
Jul ’24€9.00
€10.07
+11.9%
27.2%€18.03€6.04€4.1827
Jun ’24€7.00
€12.73
+81.9%
25.0%€22.48€8.68€5.0325
May ’24€7.21
€13.14
+82.2%
27.3%€22.65€8.74€4.4225
Apr ’24€9.75
€13.99
+43.5%
30.1%€24.10€8.89€4.1727
Mar ’24€8.40
€16.01
+90.7%
27.5%€25.23€9.38€5.2327
Feb ’24€10.91
€16.83
+54.2%
25.6%€26.31€9.78€5.2328
Analyst Price Target
Consensus Narrative from 25 Analysts
€5.81
Fair Value
28.0% undervalued intrinsic discount
25
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/19 21:51
End of Day Share Price 2025/02/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NIO Inc. is covered by 52 analysts. 30 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jiong ShaoBarclays
Jia LouBOCI Research Ltd.
Ming-Hsun LeeBofA Global Research