EH Stock Analysis: Ehang Holdings | NASDAQ
Aerospace & Defense | NASDAQ, USA | Market Cap: 419m USD | 12M Return: -66.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.97M
Qual. Beats: -1
Rev. Trend: 92.0%
Qual. Beats: -2
Warnings
Tailwinds
No distinct edge detected
Seasonality 6.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
EHang Holdings Limited is a China-based urban air mobility (UAM) technology platform company that designs, develops, manufactures, sells, and operates unmanned aerial vehicles (UAVs) along with supporting systems and infrastructure. Its products serve multiple use cases, including passenger transportation, logistics, smart city management, and aerial media solutions, with a portfolio that includes the EH216 series, VT series, Falcon B, and GD series aircraft. Beyond hardware, the company provides integrated solutions such as autopilot and flight control systems, command-and-control platforms, vertiports, and charging piles, supported by a digital operational platform for managing eVTOL flight scheduling and ground operations. Incorporated in 2014 and headquartered in Guangzhou, EHang operates internationally across Asia, the Americas, Africa, and Europe.
EHang operates within the emerging eVTOL (electric vertical takeoff and landing) segment of the aerospace industry, which is a core component of Chinas broader low-altitude economy initiative. The UAM sector remains in a pre-commercial or early-commercial stage globally, with regulatory certification for passenger eVTOL operations still evolving in most jurisdictions, including ongoing type certification efforts by aviation authorities such as the CAAC in China.
- EH216 type certification progress with CAAC drives commercial deployment
- Aerial media drone show revenue scales on global event demand
- China low-altitude economy policy support accelerates UAM market growth
| Net Income: -278.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.16 > 0.02 and ΔFCF/TA -23.93 > 1.0 |
| NWC/Revenue: 123.9% < 20% (prev 194.2%; Δ -70.33% < -1%) |
| CFO/TA -0.09 > 3% & CFO -174.6m > Net Income -278.5m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (37.7m) vs 12m ago 4.88% < -2% |
| Gross Margin: 62.01% > 18% (prev 61.36%; Δ 0.64% > 0.5%) |
| Asset Turnover: 28.64% > 50% (prev 26.27%; Δ 2.37% > 0%) |
| Interest Coverage Ratio: -43.04 > 6 (EBIT TTM -306.3m / Interest Expense TTM 7.12m) |
| A: 0.32 (Total Current Assets 1.35b - Total Current Liabilities 722.7m) / Total Assets 1.93b |
| B: -1.24 (Retained Earnings -2.39b / Total Assets 1.93b) |
| C: -0.17 (EBIT TTM -306.3m / Avg Total Assets 1.77b) |
| D: 1.03 (Book Value of Equity 980.5m / Total Liabilities 950.9m) |
| Altman-Z'' = -1.99 = D |
| DSRI: 2.51 (Receivables 86.1m/28.5m, Revenue 505.7m/420.5m) |
| GMI: 0.99 (GM 61.36% / 62.01%) |
| AQI: 3.05 (AQ_t 0.09 / AQ_t-1 0.03) |
| SGI: 1.20 (Revenue 505.7m / 420.5m) |
| TATA: -0.05 (NI -278.5m - CFO -174.6m) / TA 1.93b) |
| Beneish M = -0.44 (Cap -4..+1) = D |
As of July 10, 2026, the stock is trading at USD 5.79 with a total of 1,288,048 shares traded. Over the past week, the price has changed by -13.84%, over one month by -13.32%, over three months by -46.54% and over the past year by -66.08%.
Current recommended Stop Loss: 5.00 (which is 13.6% or 1.3 ATR below the current price).
Ehang Holdings has received a consensus analysts rating of 4.83. Therefore, it is recommended to buy EH.
- StrongBuy: 10
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 15.3 | 164.8% |
Market Cap CNY = 2.84b (418.7m USD * 6.7929 USD.CNY)
P/S = 1.0027
P/B = 3.3184
Revenue TTM = 505.7m CNY
EBIT TTM = -306.3m CNY
EBITDA TTM = -276.3m CNY
Long Term Debt = 95.6m CNY (from longTermDebt, last quarter)
Short Term Debt = 341.1m CNY (from shortTermDebt, last quarter)
Debt = 707.8m CNY (from shortLongTermDebtTotal, last quarter) + Leases 147.9m
Net Debt = -262.3m CNY (calculated: Debt 707.8m - CCE 970.1m)
Enterprise Value = 2.58b CNY (2.84b + Debt 707.8m - CCE 970.1m)
Interest Coverage Ratio = -43.04 (Ebit TTM -306.3m / Interest Expense TTM 7.12m)
EV/FCF = -8.11x (Enterprise Value 2.58b / FCF TTM -318.5m)
FCF Yield = -12.34% (FCF TTM -318.5m / Enterprise Value 2.58b)
FCF Margin = -62.98% (FCF TTM -318.5m / Revenue TTM 505.7m)
Net Margin = -55.06% (Net Income TTM -278.5m / Revenue TTM 505.7m)
Gross Margin = 62.01% ((Revenue TTM 505.7m - Cost of Revenue TTM 192.1m) / Revenue TTM)
Gross Margin QoQ = 62.51% (prev 62.09%)
Tobins Q-Ratio = 1.34 (Enterprise Value 2.58b / Total Assets 1.93b)
Interest Expense / Debt = 1.01% (Interest Expense 7.12m / Debt 707.8m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -242.0m (EBIT -306.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.87 (Total Current Assets 1.35b / Total Current Liabilities 722.7m)
Debt / Equity = 0.72 (Debt 707.8m / totalStockholderEquity, last quarter 980.5m)
Debt / EBITDA = 0.95 (negative EBITDA) (Net Debt -262.3m / EBITDA -276.3m)
Debt / FCF = 0.82 (negative FCF - burning cash) (Net Debt -262.3m / FCF TTM -318.5m)
Total Stockholder Equity = 1.04b (last 4 quarters mean from totalStockholderEquity)
RoA = -15.77% (Net Income -278.5m / Total Assets 1.93b)
RoE = -26.79% (Net Income TTM -278.5m / Total Stockholder Equity 1.04b)
RoCE = -26.99% (EBIT -306.3m / Capital Employed (Equity 1.04b + L.T.Debt 95.6m))
RoIC = -15.89% (negative operating profit) (NOPAT -242.0m / Invested Capital 1.52b)
WACC = 11.75% (E(2.84b)/V(3.55b) * Re(14.48%) + D(707.8m)/V(3.55b) * Rd(1.01%) * (1-Tc(0.21)))
Discount Rate = 14.48% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -28.89 | Cagr: -20.20%
[DCF] Fair Price = unknown (Cash Flow -318.5m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.18 | # QB: -1
Revenue Correlation: 92.03 | Revenue CAGR: 123.7% | SUE: -1.47 | # QB: -2
EPS current Quarter (2026-06-30): EPS=-0.88 | Chg30d=-76.00% | Revisions=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.65 | Chg30d=+16.67% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.15 | Chg30d=-112.65% | Revisions=-25% | GrowthEPS=-137.5% | GrowthRev=+15.8%
EPS next Year (2027-12-31): EPS=4.73 | Chg30d=-4.34% | Revisions=-25% | GrowthEPS=+3254.8% | GrowthRev=+75.0%
[Analyst] Revisions Ratio: -29% (up=1, down=3)