Hesai Group

NasdaqGS:HSAI Stock Report

Market Cap: US$1.8b

Hesai Group Valuation

Is HSAI 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 HSAI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$16.40
Fair Value
2.5% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: HSAI ($16.81) is trading above our estimate of fair value ($16.4)

Significantly Below Fair Value: HSAI is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for HSAI. This is calculated by dividing HSAI's market cap by their current revenue.
What is HSAI's PS Ratio?
PS Ratio8.1x
SalesCN¥1.92b
Market CapCN¥12.91b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HSAI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
VC Visteon
0.6x3.5%US$2.3b
PHIN PHINIA
0.6x0.2%US$2.2b
GTX Garrett Motion
0.6x1.3%US$2.1b
DAN Dana
0.2x-1.2%US$2.3b
HSAI Hesai Group
8.1x27.6%US$1.8b

Price-To-Sales vs Peers: HSAI is expensive based on its Price-To-Sales Ratio (8.1x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does HSAI's PS Ratio compare vs other companies in the US Auto Components Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
GT Goodyear Tire & Rubber
0.1x-0.5%US$2.46b
ADNT Adient
0.1x0.9%US$1.44b
AXL American Axle & Manufacturing Holdings
0.1x-2.1%US$602.01m
CPS Cooper-Standard Holdings
0.09x7.7%US$256.09m
HSAI 8.1xIndustry Avg. 0.7xNo. of Companies9PS00.81.62.43.24+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HSAI is expensive based on its Price-To-Sales Ratio (8.1x) compared to the US Auto Components industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is HSAI'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.

HSAI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8.1x
Fair PS Ratio4.5x

Price-To-Sales vs Fair Ratio: HSAI is expensive based on its Price-To-Sales Ratio (8.1x) compared to the estimated Fair Price-To-Sales Ratio (4.6x).

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 HSAI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$16.81
US$13.09
-22.1%
35.1%US$20.00US$5.81n/a10
Jan ’26US$13.82
US$9.48
-31.4%
39.0%US$16.30US$5.46n/a10
Dec ’25US$8.18
US$7.24
-11.5%
19.9%US$9.83US$5.50n/a8
Nov ’25US$4.60
US$6.89
+49.7%
20.3%US$10.00US$5.31n/a8
Oct ’25US$4.74
US$6.89
+45.3%
20.3%US$10.00US$5.31n/a8
Sep ’25US$3.95
US$6.89
+74.3%
20.3%US$10.00US$5.31n/a8
Aug ’25US$4.31
US$10.06
+133.5%
37.7%US$16.06US$5.97n/a8
Jul ’25US$4.34
US$10.07
+132.0%
37.5%US$16.11US$5.98n/a8
Jun ’25US$4.86
US$11.00
+126.3%
35.2%US$16.13US$6.00n/a8
May ’25US$4.68
US$11.00
+135.1%
35.2%US$16.13US$5.96n/a8
Apr ’25US$5.23
US$11.04
+111.1%
35.3%US$16.20US$5.99n/a8
Mar ’25US$4.44
US$14.53
+227.2%
20.9%US$18.04US$9.51n/a7
Feb ’25US$4.02
US$14.95
+271.9%
18.6%US$18.17US$9.58US$15.447
Jan ’25US$8.91
US$15.99
+79.4%
10.7%US$18.26US$13.09US$13.827
Dec ’24US$10.01
US$15.98
+59.6%
10.6%US$18.19US$13.04US$8.187
Nov ’24US$9.70
US$15.27
+57.4%
16.3%US$20.01US$12.40US$4.606
Oct ’24US$10.00
US$16.66
+66.6%
25.0%US$25.15US$12.35US$4.747
Sep ’24US$10.50
US$24.20
+130.5%
38.5%US$37.77US$12.40US$3.955
Aug ’24US$12.32
US$28.83
+134.0%
17.6%US$38.28US$24.54US$4.315
Jul ’24US$10.53
US$28.62
+171.8%
17.8%US$38.60US$24.75US$4.345
Jun ’24US$8.03
US$28.83
+259.0%
17.9%US$38.96US$24.98US$4.865
May ’24US$10.34
US$30.17
+191.8%
16.7%US$40.07US$26.78US$4.685
Apr ’24US$15.47
US$30.05
+94.3%
16.6%US$39.89US$26.65US$5.235
Analyst Price Target
Consensus Narrative from 10 Analysts
US$13.09
Fair Value
28.4% overvalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 23:08
End of Day Share Price 2025/02/06 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

Hesai Group is covered by 13 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yu Jie LoBofA Global Research
Tao XuCitic Securities Co., Ltd.
Ming ChungCitigroup Inc