(EH) Ehang Holdings - Overview
Sector: Industrials | Industry: Aerospace & Defense | Exchange: NASDAQ (USA) | Market Cap: 699m USD | Total Return: -37.6% in 12m
Industry Rotation: -10.5
Avg Turnover: 7.33M USD
Peers RS (IBD): 2.8
EPS Trend: -4.3%
Qual. Beats: 2
Rev. Trend: 86.6%
Qual. Beats: 0
Interest Coverage Ratio -12.7 is critical
Beneish M-Score -0.35 > -1.5 - likely earnings manipulation
Altman Z'' -3.67 < 1.0 - financial distress zone
choppy
No distinct edge detected
EHang Holdings Ltd (NASDAQ: EH) is a Chinese-based urban air mobility (UAM) platform that designs, manufactures, sells and operates autonomous aerial vehicles (UAVs) and related infrastructure across multiple continents, serving passenger transport, logistics, smart-city services and aerial media.
The company’s product line includes the EH216 passenger eVTOL, the VT cargo drone, the Falcon B industrial UAV and the GD series, complemented by an end-to-end digital operating system (autopilot, flight-control, battery-management, safety and command-and-control) and a vertiport/charging-pile network that orchestrates flight scheduling, ground crew and landing-pad management.
In its FY 2023 filing, EHang reported revenue of $84.5 million and an order backlog of roughly $150 million, reflecting growing demand as China’s 2023 UAM roadmap and global eVTOL market forecasts (projected CAGR ≈ 27 % through 2035) accelerate investment in vertiport infrastructure and autonomous air-taxi services. Recent partnerships-such as a vertiport pilot in Dubai and a logistics-drone contract with a major Chinese e-commerce platform-highlight expanding commercial traction.
For a deeper dive into EH’s valuation metrics, you might explore ValueRay’s analyst tools.
- EH216-S certification drives revenue growth
- Regulatory hurdles delay global expansion
- Manufacturing costs impact profitability
- Competition intensifies in UAM market
- Macroeconomic slowdown reduces demand
| Net Income: -229.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 11.95 > 1.0 |
| NWC/Revenue: 162.1% < 20% (prev 195.3%; Δ -33.18% < -1%) |
| CFO/TA 0.08 > 3% & CFO 158.0m > Net Income -229.8m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (37.9m) vs 12m ago -46.36% < -2% |
| Gross Margin: 62.00% > 18% (prev 0.61%; Δ 6.14k% > 0.5%) |
| Asset Turnover: 27.77% > 50% (prev 28.66%; Δ -0.89% > 0%) |
| Interest Coverage Ratio: -12.70 > 6 (EBITDA TTM -240.9m / Interest Expense TTM 5.95m) |
| A: 0.40 (Total Current Assets 1.55b - Total Current Liabilities 728.2m) / Total Assets 2.05b |
| B: -1.08 (Retained Earnings -2.22b / Total Assets 2.05b) |
| C: -0.04 (EBIT TTM -75.5m / Avg Total Assets 1.82b) |
| D: -2.36 (Book Value of Equity -2.21b / Total Liabilities 936.7m) |
| Altman-Z'' Score: -3.67 = D |
| DSRI: 3.25 (Receivables 210.5m/58.2m, Revenue 504.8m/454.0m) |
| GMI: 0.99 (GM 62.00% / 61.37%) |
| AQI: 2.59 (AQ_t 0.06 / AQ_t-1 0.02) |
| SGI: 1.11 (Revenue 504.8m / 454.0m) |
| TATA: -0.19 (NI -229.8m - CFO 158.0m) / TA 2.05b) |
| Beneish M-Score: -0.35 (Cap -4..+1) = D |
Over the past week, the price has changed by +13.47%, over one month by -8.64%, over three months by -27.40% and over the past year by -37.55%.
- StrongBuy: 10
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 19.8 | 90.6% |
P/B = 9.7659
Revenue TTM = 504.8m USD
EBIT TTM = -75.5m USD
EBITDA TTM = -240.9m USD
Long Term Debt = 87.6m USD (from longTermDebt, two quarters ago)
Short Term Debt = 255.9m USD (from shortTermDebt, last quarter)
Debt = 452.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 166.7m USD (from netDebt column, last quarter)
Enterprise Value = 21.9m USD (699.0m + Debt 452.9m - CCE 1.13b)
Interest Coverage Ratio = -12.70 (Ebit TTM -75.5m / Interest Expense TTM 5.95m)
EV/FCF = 0.18x (Enterprise Value 21.9m / FCF TTM 119.0m)
FCF Yield = 543.6% (FCF TTM 119.0m / Enterprise Value 21.9m)
FCF Margin = 23.57% (FCF TTM 119.0m / Revenue TTM 504.8m)
Net Margin = -45.52% (Net Income TTM -229.8m / Revenue TTM 504.8m)
Gross Margin = 62.00% ((Revenue TTM 504.8m - Cost of Revenue TTM 191.8m) / Revenue TTM)
Gross Margin QoQ = 62.09% (prev 60.78%)
Tobins Q-Ratio = 0.01 (Enterprise Value 21.9m / Total Assets 2.05b)
Interest Expense / Debt = 0.45% (Interest Expense 2.06m / Debt 452.9m)
Taxrate = 3.83% (414k / 10.8m)
NOPAT = -72.6m (EBIT -75.5m * (1 - 3.83%)) [loss with tax shield]
Current Ratio = 2.12 (Total Current Assets 1.55b / Total Current Liabilities 728.2m)
Debt / Equity = 0.41 (Debt 452.9m / totalStockholderEquity, last quarter 1.12b)
Debt / EBITDA = -0.69 (negative EBITDA) (Net Debt 166.7m / EBITDA -240.9m)
Debt / FCF = 1.40 (Net Debt 166.7m / FCF TTM 119.0m)
Total Stockholder Equity = 1.03b (last 4 quarters mean from totalStockholderEquity)
RoA = -12.64% (Net Income -229.8m / Total Assets 2.05b)
RoE = -22.42% (Net Income TTM -229.8m / Total Stockholder Equity 1.03b)
RoCE = -6.79% (EBIT -75.5m / Capital Employed (Equity 1.03b + L.T.Debt 87.6m))
RoIC = -5.85% (negative operating profit) (NOPAT -72.6m / Invested Capital 1.24b)
WACC = 8.10% (E(699.0m)/V(1.15b) * Re(13.06%) + D(452.9m)/V(1.15b) * Rd(0.45%) * (1-Tc(0.04)))
Discount Rate = 13.06% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -22.26%
[DCF] Terminal Value 81.27% ; FCFF base≈119.0m ; Y1≈146.8m ; Y5≈250.5m
[DCF] Fair Price = 77.24 (EV 4.22b - Net Debt 166.7m = Equity 4.05b / Shares 52.5m; r=8.10% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -4.28 | EPS CAGR: 26.89% | SUE: 1.50 | # QB: 2
Revenue Correlation: 86.64 | Revenue CAGR: 170.1% | SUE: -0.05 | # QB: 0
EPS next Quarter (2026-06-30): EPS=-0.50 | Chg7d=-0.640 | Chg30d=-0.640 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=1.19 | Chg7d=-0.119 | Chg30d=-1.061 | Revisions Net=-2 | Growth EPS=+196.5% | Growth Revenue=+20.1%
EPS next Year (2027-12-31): EPS=4.95 | Chg7d=+1.006 | Chg30d=+0.559 | Revisions Net=-1 | Growth EPS=+317.1% | Growth Revenue=+88.0%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)