(EH) Ehang Holdings - Overview
Exchange: NASDAQ •
Country: China •
Currency: USD •
Type: Common Stock •
ISIN: US26853E1029
Stock: Passenger Drones, Cargo Drones, Command System, Vertiport, Charging Station
Total Rating 25
Risk 39
Buy Signal -0.27
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 60.6% |
| Relative Tail Risk | -10.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.48 |
| Alpha | -47.19 |
| Character TTM | |
|---|---|
| Beta | 1.155 |
| Beta Downside | 1.735 |
| Drawdowns 3y | |
|---|---|
| Max DD | 57.92% |
| CAGR/Max DD | -0.03 |
Description: EH Ehang Holdings January 19, 2026
EHang Holdings Ltd (NASDAQ: EH) is a China-based urban air mobility (UAM) platform that designs, manufactures, sells, and operates autonomous UAVs and supporting infrastructure across multiple continents. Its product line spans passenger-grade eVTOLs (EH216 series, VT series), cargo drones (Falcon B, GD series), and a suite of software-including autopilot, battery-management, and command-and-control systems-plus vertiport facilities and charging stations to enable end-to-end UAM operations.
Key quantitative signals (as of FY 2023 filings) include a ≈ 45 % year-over-year increase in total revenue, driven largely by a $120 million contract pipeline for logistics drones in Southeast Asia, and a 15 % rise in R&D spend to accelerate certification of the EH216-S for commercial passenger service. The broader UAM market is projected by McKinsey to reach $1.5 trillion by 2035, with regulatory progress in China’s “Civil Aviation Air-Mobility” roadmap and growing urban congestion acting as primary demand catalysts.
For a deeper, data-rich analysis of EH’s valuation and risk profile, the ValueRay platform provides a granular breakdown of its financial and operational metrics.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: -287.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 13.20 > 1.0 |
| NWC/Revenue: 205.4% < 20% (prev 200.2%; Δ 5.19% < -1%) |
| CFO/TA 0.08 > 3% & CFO 158.0m > Net Income -287.1m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (37.2m) vs 12m ago -40.01% < -2% |
| Gross Margin: 61.45% > 18% (prev 0.62%; Δ 6083 % > 0.5%) |
| Asset Turnover: 25.85% > 50% (prev 24.94%; Δ 0.91% > 0%) |
| Interest Coverage Ratio: -27.49 > 6 (EBITDA TTM -284.4m / Interest Expense TTM 4.76m) |
Altman Z'' -3.95
| A: 0.46 (Total Current Assets 1.54b - Total Current Liabilities 662.7m) / Total Assets 1.93b |
| B: -1.15 (Retained Earnings -2.23b / Total Assets 1.93b) |
| C: -0.08 (EBIT TTM -130.9m / Avg Total Assets 1.66b) |
| D: -2.53 (Book Value of Equity -2.21b / Total Liabilities 875.4m) |
| Altman-Z'' Score: -3.95 = D |
Beneish M 1.00
| DSRI: 7.22 (Receivables 164.3m/18.4m, Revenue 428.7m/346.4m) |
| GMI: 1.01 (GM 61.45% / 62.24%) |
| AQI: 2.47 (AQ_t 0.05 / AQ_t-1 0.02) |
| SGI: 1.24 (Revenue 428.7m / 346.4m) |
| TATA: -0.23 (NI -287.1m - CFO 158.0m) / TA 1.93b) |
| Beneish M-Score: 2.91 (Cap -4..+1) = D |
What is the price of EH shares?
As of February 09, 2026, the stock is trading at USD 11.92 with a total of 501,438 shares traded.
Over the past week, the price has changed by -4.03%, over one month by -15.46%, over three months by -27.27% and over the past year by -41.85%.
Over the past week, the price has changed by -4.03%, over one month by -15.46%, over three months by -27.27% and over the past year by -41.85%.
Is EH a buy, sell or hold?
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
What are the forecasts/targets for the EH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 22.3 | 87.1% |
| Analysts Target Price | 22.3 | 87.1% |
| ValueRay Target Price | 11.2 | -6% |
EH Fundamental Data Overview February 09, 2026
Market Cap CNY = 5.95b (858.1m USD * 6.939 USD.CNY)
P/S = 1.9955
P/B = 5.6553
Revenue TTM = 428.7m CNY
EBIT TTM = -130.9m CNY
EBITDA TTM = -284.4m CNY
Long Term Debt = 87.6m CNY (from longTermDebt, last quarter)
Short Term Debt = 265.0m CNY (from shortTermDebt, last quarter)
Debt = 468.2m CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = 241.0m CNY (from netDebt column, last quarter)
Enterprise Value = 5.33b CNY (5.95b + Debt 468.2m - CCE 1.10b)
Interest Coverage Ratio = -27.49 (Ebit TTM -130.9m / Interest Expense TTM 4.76m)
EV/FCF = 44.75x (Enterprise Value 5.33b / FCF TTM 119.0m)
FCF Yield = 2.23% (FCF TTM 119.0m / Enterprise Value 5.33b)
FCF Margin = 27.76% (FCF TTM 119.0m / Revenue TTM 428.7m)
Net Margin = -66.97% (Net Income TTM -287.1m / Revenue TTM 428.7m)
Gross Margin = 61.45% ((Revenue TTM 428.7m - Cost of Revenue TTM 165.3m) / Revenue TTM)
Gross Margin QoQ = 60.78% (prev 62.57%)
Tobins Q-Ratio = 2.76 (Enterprise Value 5.33b / Total Assets 1.93b)
Interest Expense / Debt = 0.37% (Interest Expense 1.74m / Debt 468.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -103.4m (EBIT -130.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.33 (Total Current Assets 1.54b / Total Current Liabilities 662.7m)
Debt / Equity = 0.44 (Debt 468.2m / totalStockholderEquity, last quarter 1.05b)
Debt / EBITDA = -0.85 (negative EBITDA) (Net Debt 241.0m / EBITDA -284.4m)
Debt / FCF = 2.03 (Net Debt 241.0m / FCF TTM 119.0m)
Total Stockholder Equity = 985.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -17.32% (Net Income -287.1m / Total Assets 1.93b)
RoE = -29.14% (Net Income TTM -287.1m / Total Stockholder Equity 985.3m)
RoCE = -12.20% (EBIT -130.9m / Capital Employed (Equity 985.3m + L.T.Debt 87.6m))
RoIC = -8.66% (negative operating profit) (NOPAT -103.4m / Invested Capital 1.19b)
WACC = 9.45% (E(5.95b)/V(6.42b) * Re(10.17%) + D(468.2m)/V(6.42b) * Rd(0.37%) * (1-Tc(0.21)))
Discount Rate = 10.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -23.03%
[DCF Debug] Terminal Value 76.70% ; FCFF base≈119.0m ; Y1≈146.8m ; Y5≈250.0m
Fair Price DCF = 57.54 (EV 3.26b - Net Debt 241.0m = Equity 3.02b / Shares 52.5m; r=9.45% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 3.76 | EPS CAGR: 20.46% | SUE: 0.72 | # QB: 0
Revenue Correlation: 86.41 | Revenue CAGR: 87.88% | SUE: -0.79 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.65 | Chg30d=-0.040 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=2.25 | Chg30d=-0.643 | Revisions Net=-1 | Growth EPS=+1206.5% | Growth Revenue=+81.9%
P/S = 1.9955
P/B = 5.6553
Revenue TTM = 428.7m CNY
EBIT TTM = -130.9m CNY
EBITDA TTM = -284.4m CNY
Long Term Debt = 87.6m CNY (from longTermDebt, last quarter)
Short Term Debt = 265.0m CNY (from shortTermDebt, last quarter)
Debt = 468.2m CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = 241.0m CNY (from netDebt column, last quarter)
Enterprise Value = 5.33b CNY (5.95b + Debt 468.2m - CCE 1.10b)
Interest Coverage Ratio = -27.49 (Ebit TTM -130.9m / Interest Expense TTM 4.76m)
EV/FCF = 44.75x (Enterprise Value 5.33b / FCF TTM 119.0m)
FCF Yield = 2.23% (FCF TTM 119.0m / Enterprise Value 5.33b)
FCF Margin = 27.76% (FCF TTM 119.0m / Revenue TTM 428.7m)
Net Margin = -66.97% (Net Income TTM -287.1m / Revenue TTM 428.7m)
Gross Margin = 61.45% ((Revenue TTM 428.7m - Cost of Revenue TTM 165.3m) / Revenue TTM)
Gross Margin QoQ = 60.78% (prev 62.57%)
Tobins Q-Ratio = 2.76 (Enterprise Value 5.33b / Total Assets 1.93b)
Interest Expense / Debt = 0.37% (Interest Expense 1.74m / Debt 468.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -103.4m (EBIT -130.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.33 (Total Current Assets 1.54b / Total Current Liabilities 662.7m)
Debt / Equity = 0.44 (Debt 468.2m / totalStockholderEquity, last quarter 1.05b)
Debt / EBITDA = -0.85 (negative EBITDA) (Net Debt 241.0m / EBITDA -284.4m)
Debt / FCF = 2.03 (Net Debt 241.0m / FCF TTM 119.0m)
Total Stockholder Equity = 985.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -17.32% (Net Income -287.1m / Total Assets 1.93b)
RoE = -29.14% (Net Income TTM -287.1m / Total Stockholder Equity 985.3m)
RoCE = -12.20% (EBIT -130.9m / Capital Employed (Equity 985.3m + L.T.Debt 87.6m))
RoIC = -8.66% (negative operating profit) (NOPAT -103.4m / Invested Capital 1.19b)
WACC = 9.45% (E(5.95b)/V(6.42b) * Re(10.17%) + D(468.2m)/V(6.42b) * Rd(0.37%) * (1-Tc(0.21)))
Discount Rate = 10.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -23.03%
[DCF Debug] Terminal Value 76.70% ; FCFF base≈119.0m ; Y1≈146.8m ; Y5≈250.0m
Fair Price DCF = 57.54 (EV 3.26b - Net Debt 241.0m = Equity 3.02b / Shares 52.5m; r=9.45% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 3.76 | EPS CAGR: 20.46% | SUE: 0.72 | # QB: 0
Revenue Correlation: 86.41 | Revenue CAGR: 87.88% | SUE: -0.79 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.65 | Chg30d=-0.040 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=2.25 | Chg30d=-0.643 | Revisions Net=-1 | Growth EPS=+1206.5% | Growth Revenue=+81.9%