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LI

Li AutoNasdaqGS:LI Stock Report

Market Cap

US$31.6b

7D

11.0%

1Y

51.9%

Updated

19 Oct, 2021

Data

Company Financials +
LI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

LI Overview

Li Auto Inc., through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China.

Li Auto Competitors

Tesla

NasdaqGS:TSLA

US$855.6b

NIO

NYSE:NIO

US$65.6b

XPeng

NYSE:XPEV

US$36.9b

Toyota Motor

TSE:7203

JP¥28.1t

Price History & Performance

Summary of all time highs, changes and price drops for Li Auto
Historical stock prices
Current Share PriceUS$31.12
52 Week HighUS$15.98
52 Week LowUS$47.70
Beta0
1 Month Change6.98%
3 Month Change-6.85%
1 Year Change51.88%
3 Year Changen/a
5 Year Changen/a
Change since IPO89.06%

Recent News & Updates

Oct 09

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.

Aug 24

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.

Aug 06

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.

Shareholder Returns

LIUS AutoUS Market
7D11.0%6.2%4.0%
1Y51.9%87.2%30.5%

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.

Price Volatility

Is LI's price volatile compared to industry and market?
LI volatility
LI Beta0
Industry Beta1.8
Market Beta1

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

FoundedEmployeesCEOWebsite
20156,596Xiang Lihttps://www.lixiang.com

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

How do Li Auto's earnings and revenue compare to its market cap?
LI fundamental statistics
Market CapCN¥201.84b
Earnings (TTM)-CN¥808.56m
Revenue (TTM)CN¥15.27b

13.2x

P/S Ratio

-249.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LI income statement (TTM)
RevenueCN¥15.27b
Cost of RevenueCN¥12.48b
Gross ProfitCN¥2.79b
ExpensesCN¥3.60b
Earnings-CN¥808.56m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.80
Gross Margin18.27%
Net Profit Margin-5.29%
Debt/Equity Ratio20.4%

How did LI perform over the long term?

See historical performance and comparison

Valuation

Is Li Auto undervalued compared to its fair value and its price relative to the market?

6.87x

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).


Future Growth

How is Li Auto forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

97.4%

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%).


Past Performance

How has Li Auto performed over the past 5 years?

67.8%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

What is Li Auto current dividend yield, its reliability and sustainability?

0.034%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Xiang Li (40 yo)

no data

Tenure

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...


Leadership Team

Experienced Management: LI's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: LI's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.5%.


Top Shareholders

Company Information

Li Auto Inc.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Li Auto Inc.
  • 11 Wenliang Street
  • Shunyi District
  • Beijing
  • 101399
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 23:53
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.