Li Auto Inc., through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China.
Li Auto Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$31.12|
|52 Week High||US$15.98|
|52 Week Low||US$47.70|
|1 Month Change||6.98%|
|3 Month Change||-6.85%|
|1 Year Change||51.88%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||89.06%|
Recent News & Updates
Li Auto: EREV Is A Unique, Great Way To Play Chinese NEV
Li Auto is utilizing their EREV technology to carve out a niche in the Chinese NEV market. The Li ONE offers solutions to problems that EVs typically face. Li's sales are growing strongly relative to the Chinese market. China's crackdown should not harm Li over the long term.
Li Auto's DCF: I See Significant Upside Potential In The Share Price
Based in China, Li Auto is a new energy passenger vehicle with a market share of more than 9% of the new energy vehicle market. Li Auto will most likely grow because its target market will grow. The NEV total revenue could grow at more than 40% y/y from 2021 to 2025. Li commenced to deliver cars in 2021, and obtained a significant market share. I would expect that the company will obtain more market share when new models tap new segments. From 2012 to 2020, Tesla and NIO reported sales growth of more than 50% when the distribution of new cars commenced. Then, as the production of new cars continued, sales growth declined from 200% to less than 30%-50% y/y. I assumed that LI will have sales growth similar to that of Tesla and NIO. With FCF/Sales of 9% from 2025 to 2031, LI's FCF would grow from CNY102 billion in 2025 to more than CNY440 billion in 2031.
Li Auto Charging Ahead
Li has grown its deliveries tremendously since the early part of the year, going from 2,300 in March to over 8,500 in July. Strong deliveries and revenue growth give Li a very attractive valuation against its Chinese peers NIO and XPeng. While Li does only have one vehicle available and has not reached international sales, it does have those catalysts and more in its pipeline to drive growth.
|LI||US Auto||US Market|
Return vs Industry: LI underperformed the US Auto industry which returned 87.4% over the past year.
Return vs Market: LI exceeded the US Market which returned 30% over the past year.
Stable Share Price: LI is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: LI's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Li Auto Inc., through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and smart vehicle solutions. The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020.
Li Auto Fundamentals Summary
|LI fundamental statistics|
Is LI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LI income statement (TTM)|
|Cost of Revenue||CN¥12.48b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.80|
|Net Profit Margin||-5.29%|
How did LI perform over the long term?See historical performance and comparison
Is Li Auto undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: LI ($31.12) is trading above our estimate of fair value ($0.12)
Significantly Below Fair Value: LI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LI is unprofitable, so we can't compare its PE Ratio to the US Auto industry average.
PE vs Market: LI is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LI is overvalued based on its PB Ratio (6.9x) compared to the US Auto industry average (3.5x).
How is Li Auto forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: LI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: LI's is expected to become profitable in the next 3 years.
Revenue vs Market: LI's revenue (37.2% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: LI's revenue (37.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LI's Return on Equity is forecast to be low in 3 years time (9.4%).
How has Li Auto performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: LI is currently unprofitable.
Growing Profit Margin: LI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if LI's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare LI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LI is unprofitable, making it difficult to compare its past year earnings growth to the Auto industry (367.5%).
Return on Equity
High ROE: LI has a negative Return on Equity (-2.03%), as it is currently unprofitable.
How is Li Auto's financial position?
Financial Position Analysis
Short Term Liabilities: LI's short term assets (CN¥38.4B) exceed its short term liabilities (CN¥7.4B).
Long Term Liabilities: LI's short term assets (CN¥38.4B) exceed its long term liabilities (CN¥7.9B).
Debt to Equity History and Analysis
Debt Level: LI's debt to equity ratio (20.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if LI's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable LI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 119.4% per year.
What is Li Auto current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Xiang Li (40 yo)
Mr. Xiang Li is a Founder of Li Auto Inc. and serves as its Chairman and Chief Executive Officer. Mr. Li serves as the Chairman and General Manager of Family & Car Co. and Car & Home Corporation. Mr. Li se...
Experienced Management: LI's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: LI's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.5%.
Li Auto Inc.'s employee growth, exchange listings and data sources
- Name: Li Auto Inc.
- Ticker: LI
- Exchange: NasdaqGS
- Founded: 2015
- Industry: Automobile Manufacturers
- Sector: Automobiles
- Market Cap: US$31.623b
- Shares outstanding: 1.02b
- Website: https://www.lixiang.com
Number of Employees
- Li Auto Inc.
- 11 Wenliang Street
- Shunyi District
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 23:53|
|End of Day Share Price||2021/10/19 00:00|
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 here.