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NIU

Niu TechnologiesNasdaqGM:NIU Stock Report

Market Cap

US$1.8b

7D

0.8%

1Y

34.3%

Updated

27 Sep, 2021

Data

Company Financials +
NIU fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance3/6
Financial Health5/6
Dividends0/6

NIU Overview

Niu Technologies designs, manufactures, and sells smart electric-scooters in the People's Republic of China.

Niu Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Niu Technologies
Historical stock prices
Current Share PriceUS$24.19
52 Week HighUS$17.70
52 Week LowUS$53.38
Beta0.70
1 Month Change-5.21%
3 Month Change-26.65%
1 Year Change34.31%
3 Year Changen/a
5 Year Changen/a
Change since IPO179.65%

Recent News & Updates

Sep 13

Niu's Big Data Assessment Offers More Than 43% Upside

NIU commenced operations in September 2014 and sold the first NQi-series smart e-scooters in 2015. The company’s brands intend to be a symbol of style, freedom, and technology. The management does not only use the data to offer better products and services along with smart maintenance. NIU makes the best use of behavioral data to strengthen brand loyalty. I expect sales growth of 20%-16% from 2024 to 2030, a CFO/Sales close to 12.5%, and a free cash flow margin of 8.35%-10.48%. NIU will be able to increase its marketing efforts and R&D in artificial intelligence. In my view, a significant amount of cash is one of the best indicators of future sales growth. The management will not decrease its marketing efforts because in my view, it is the only way NIU’s omnichannel retail model could work.

Sep 05
Does Niu Technologies (NASDAQ:NIU) Have A Healthy Balance Sheet?

Does Niu Technologies (NASDAQ:NIU) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Aug 08
We Like These Underlying Return On Capital Trends At Niu Technologies (NASDAQ:NIU)

We Like These Underlying Return On Capital Trends At Niu Technologies (NASDAQ:NIU)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Jul 21
Is There An Opportunity With Niu Technologies' (NASDAQ:NIU) 46% Undervaluation?

Is There An Opportunity With Niu Technologies' (NASDAQ:NIU) 46% Undervaluation?

Today we will run through one way of estimating the intrinsic value of Niu Technologies ( NASDAQ:NIU ) by projecting...

Shareholder Returns

NIUUS AutoUS Market
7D0.8%7.5%2.0%
1Y34.3%82.4%32.8%

Return vs Industry: NIU underperformed the US Auto industry which returned 84% over the past year.

Return vs Market: NIU underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is NIU's price volatile compared to industry and market?
NIU volatility
NIU Beta0.70
Industry Beta1.86
Market Beta1

Stable Share Price: NIU is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: NIU's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2014623Yan Lihttps://www.niu.com

Niu Technologies designs, manufactures, and sells smart electric-scooters in the People's Republic of China. The company offers NQi, MQi, UQi, and Gova series e-scooters; RQi and TQi series urban commuter electric motorcycles; NIU Aero series professional mountain and road bicycles; and NIU kick-scooter series kick-scooter and other micro-mobility solutions under the NIU brand name. It also provides scooter accessories, such as raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, and locks; lifestyle accessories, which includes T-shirts, coats, jeans, hats, bags, jewelry, notebook, badges, key chain, and mugs; and performance upgrade components that comprises of upgraded wheels, shock absorbers, brake calipers, and carbon fiber body panels.

Niu Technologies Fundamentals Summary

How do Niu Technologies's earnings and revenue compare to its market cap?
NIU fundamental statistics
Market CapCN¥11.91b
Earnings (TTM)CN¥224.66m
Revenue (TTM)CN¥3.06b

53.0x

P/E Ratio

3.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NIU income statement (TTM)
RevenueCN¥3.06b
Cost of RevenueCN¥2.36b
Gross ProfitCN¥701.22m
ExpensesCN¥476.56m
EarningsCN¥224.66m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.95
Gross Margin22.93%
Net Profit Margin7.35%
Debt/Equity Ratio16.3%

How did NIU perform over the long term?

See historical performance and comparison

Valuation

Is Niu Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NIU ($24.19) is trading below our estimate of fair value ($52.53)

Significantly Below Fair Value: NIU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NIU is poor value based on its PE Ratio (53.1x) compared to the US Auto industry average (16.1x).

PE vs Market: NIU is poor value based on its PE Ratio (53.1x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: NIU is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: NIU is overvalued based on its PB Ratio (10.8x) compared to the US Auto industry average (4x).


Future Growth

How is Niu Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

33.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NIU's forecast earnings growth (33.3% per year) is above the savings rate (2%).

Earnings vs Market: NIU's earnings (33.3% per year) are forecast to grow faster than the US market (15% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NIU's revenue (31.3% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: NIU's revenue (31.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NIU's Return on Equity is forecast to be high in 3 years time (34%)


Past Performance

How has Niu Technologies performed over the past 5 years?

71.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NIU has high quality earnings.

Growing Profit Margin: NIU's current net profit margins (7.3%) are lower than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: NIU has become profitable over the past 5 years, growing earnings by 71.4% per year.

Accelerating Growth: NIU's earnings growth over the past year (42.6%) is below its 5-year average (71.4% per year).

Earnings vs Industry: NIU earnings growth over the past year (42.6%) underperformed the Auto industry 367.5%.


Return on Equity

High ROE: NIU's Return on Equity (20.4%) is considered high.


Financial Health

How is Niu Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: NIU's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.0B).

Long Term Liabilities: NIU's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥50.5M).


Debt to Equity History and Analysis

Debt Level: NIU's debt to equity ratio (16.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if NIU's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NIU's debt is well covered by operating cash flow (258.7%).

Interest Coverage: NIU earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Niu Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NIU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NIU'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 NIU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NIU'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 NIU'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?

3.8yrs

Average management tenure


CEO

Yan Li (42 yo)

3.75yrs

Tenure

Dr. Yan Li has served as the chairman of board of directors of Niu Technologies since March 2018, its chief executive officer since December 2017 and its chief operating officer since January 2016. Prior t...


Leadership Team

Experienced Management: NIU's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: NIU's board of directors are not considered experienced ( 2.9 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2%.


Top Shareholders

Company Information

Niu Technologies's employee growth, exchange listings and data sources


Key Information

  • Name: Niu Technologies
  • Ticker: NIU
  • Exchange: NasdaqGM
  • Founded: 2014
  • Industry: Motorcycle Manufacturers
  • Sector: Automobiles
  • Market Cap: US$1.845b
  • Shares outstanding: 76.27m
  • Website: https://www.niu.com

Number of Employees


Location

  • Niu Technologies
  • No.1 Building
  • No. 195 Huilongguan East Road
  • Beijing
  • 102208
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 23:07
End of Day Share Price2021/09/27 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.