Overview Dividends

(EH) Ehang Holdings - Ratings and Ratios

Exchange: NASDAQ • Country: China • Currency: USD • Type: Common Stock • ISIN: US26853E1029

Drones, Passenger, Logistics, Air Mobility,

EH EPS (Earnings per Share)

EPS Growth (3Y CAGR): 7.50%
EPS Trend (3Y Correlation): -6.9%

EH Revenue

Revenue Growth (3Y CAGR): 185.43%
Revenue Trend (3Y Correlation): 80.3%

Description: EH Ehang Holdings

Ehang Holdings Ltd (NASDAQ:EH) is a Chinese company operating in the Aerospace & Defense sub-industry. As a pioneer in the urban air mobility (UAM) space, Ehang is developing autonomous aerial vehicles (AAVs) for various applications, including passenger transportation, tourism, and logistics.

The companys quarterly tax provision is a crucial aspect to examine, as it can significantly impact net income. A thorough analysis of Ehangs tax provision would involve understanding the drivers behind it, such as changes in tax laws, jurisdictional income, and deferred tax assets or liabilities. Key performance indicators (KPIs) to monitor include the effective tax rate, tax provision as a percentage of pre-tax income, and the companys ability to utilize tax credits and deductions.

Ehangs financial performance is also influenced by key economic drivers, including government policies and regulations supporting the development of the UAM industry, demand for sustainable and efficient transportation solutions, and the companys ability to scale production and reduce costs. The Aerospace & Defense industry is subject to significant government oversight, and Ehangs success will depend on its ability to navigate complex regulatory environments in China and globally.

From a valuation perspective, Ehangs market capitalization stands at $1.27 billion. The absence of a reported P/E ratio suggests that the company is currently unprofitable, which is not uncommon for companies in the growth stage. Return on Equity (RoE) is negative at -29.97%, indicating that the company is not generating profits from shareholder equity. Investors should closely monitor Ehangs path to profitability, including its ability to scale revenue, manage costs, and achieve operational efficiency.

EH Stock Overview

Market Cap in USD	1,163m
Sub-Industry	Aerospace & Defense
IPO / Inception	2019-12-12

EH Stock Ratings

Growth Rating	55.4%
Fundamental	46.8%
Dividend Rating	-
Return 12m vs S&P 500	16.1%
Analyst Rating	4.83 of 5

EH Dividends

Currently no dividends paid

EH Growth Ratios

Growth Correlation 3m	-24.9%
Growth Correlation 12m	32.7%
Growth Correlation 5y	-7.9%
CAGR 5y	49.29%
CAGR/Max DD 3y	0.85
CAGR/Mean DD 3y	1.63
Sharpe Ratio 12m	0.39
Alpha	0.10
Beta	0.919
Volatility	54.23%
Current Volume	1190.1k
Average Volume 20d	1511k
Stop Loss	16.1 (-5.2%)
Signal	0.01

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (-253.8m TTM) > 0 and > 6% of Revenue (6% = 27.9m TTM)

FCFTA 0.07 (>2.0%) and ΔFCFTA 3.92pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 186.6% (prev 240.3%; Δ -53.68pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 158.0m > Net Income -253.8m (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 2.50 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (36.2m) change vs 12m ago -43.06% (target <= -2.0% for YES)

Gross Margin 61.52% (prev 63.04%; Δ -1.52pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 30.14% (prev 18.94%; Δ 11.20pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -42.79 (EBITDA TTM -149.5m / Interest Expense TTM 3.87m) >= 6 (WARN >= 3)

Altman Z'' -4.36

(A) 0.49 = (Total Current Assets 1.45b - Total Current Liabilities 578.0m) / Total Assets 1.78b

(B) -1.21 = Retained Earnings (Balance) -2.14b / Total Assets 1.78b

warn (B) unusual magnitude: -1.21 — check mapping/units

(D) -2.77 = Book Value of Equity -2.12b / Total Liabilities 765.8m

Total Rating: -4.36 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 46.77

1. Piotroski 4.0pt = -1.0

2. FCF Yield 1.59% = 0.80

3. FCF Margin 25.31% = 6.33

4. Debt/Equity 0.25 = 2.47

5. Debt/Ebitda -1.66 = -2.50

6. ROIC - WACC (= -24.48)% = -12.50

7. RoE -27.93% = -2.50

8. Rev. Trend 80.29% = 6.02

9. EPS Trend -6.92% = -0.35

What is the price of EH shares?

As of September 18, 2025, the stock is trading at USD 16.98 with a total of 1,190,102 shares traded.
Over the past week, the price has changed by +8.08%, over one month by -4.55%, over three months by +4.24% and over the past year by +37.60%.

Is Ehang Holdings a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Ehang Holdings (NASDAQ:EH) is currently (September 2025) a stock to sell. It has a ValueRay Fundamental Rating of 46.77 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of EH is around 15.04 USD . This means that EH is currently overvalued and has a potential downside of -11.43%.

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.

Strong Buy: 10
Buy: 2
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the EH price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	23.7	39.7%
Analysts Target Price	23.7	39.7%
ValueRay Target Price	16.9	-0.6%

Last update: 2025-09-09 02:44

EH Fundamental Data Overview

Market Cap CNY = 8.28b (1.16b USD * 7.1191 USD.CNY)
CCE Cash And Equivalents = 1.12b CNY (Cash And Short Term Investments, last quarter)
P/S = 2.4981
P/B = 8.2267
Beta = 1.165
Revenue TTM = 465.7m CNY
EBIT TTM = -165.5m CNY
EBITDA TTM = -149.5m CNY
Long Term Debt = 59.9m CNY (from longTermDebt, last quarter)
Short Term Debt = 188.6m CNY (from shortTermDebt, last quarter)
Debt = 248.5m CNY (Calculated: Short Term 188.6m + Long Term 59.9m)
Net Debt = -12.2m CNY (from netDebt column, last quarter)
Enterprise Value = 7.41b CNY (8.28b + Debt 248.5m - CCE 1.12b)
Interest Coverage Ratio = -42.79 (Ebit TTM -165.5m / Interest Expense TTM 3.87m)
FCF Yield = 1.59% (FCF TTM 117.9m / Enterprise Value 7.41b)
FCF Margin = 25.31% (FCF TTM 117.9m / Revenue TTM 465.7m)
Net Margin = -54.50% (Net Income TTM -253.8m / Revenue TTM 465.7m)
Gross Margin = 61.52% ((Revenue TTM 465.7m - Cost of Revenue TTM 179.2m) / Revenue TTM)
Tobins Q-Ratio = -3.49 (set to none) (Enterprise Value 7.41b / Book Value Of Equity -2.12b)
Interest Expense / Debt = 0.40% (Interest Expense 997.0k / Debt 248.5m)
Taxrate = 21.0% (US default)
NOPAT = -165.5m (EBIT -165.5m, no tax applied on loss)
Current Ratio = 2.50 (Total Current Assets 1.45b / Total Current Liabilities 578.0m)
Debt / Equity = 0.25 (Debt 248.5m / last Quarter total Stockholder Equity 1.01b)
Debt / EBITDA = -1.66 (Net Debt -12.2m / EBITDA -149.5m)
Debt / FCF = 2.11 (Debt 248.5m / FCF TTM 117.9m)
Total Stockholder Equity = 908.7m (last 4 quarters mean)
RoA = -14.29% (Net Income -253.8m, Total Assets 1.78b )
RoE = -27.93% (Net Income TTM -253.8m / Total Stockholder Equity 908.7m)
RoCE = -17.08% (Ebit -165.5m / (Equity 908.7m + L.T.Debt 59.9m))
RoIC = -15.35% (NOPAT -165.5m / Invested Capital 1.08b)
WACC = 9.14% (E(8.28b)/V(8.53b) * Re(9.40%)) + (D(248.5m)/V(8.53b) * Rd(0.40%) * (1-Tc(0.21)))
Shares Correlation 3-Years: 29.01 | Cagr: -4.10%
Discount Rate = 9.40% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 77.16% ; FCFE base≈85.0m ; Y1≈104.9m ; Y5≈179.0m
Fair Price DCF = 45.40 (DCF Value 2.38b / Shares Outstanding 52.5m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -6.92 | EPS CAGR: 7.50% | SUE: 2.70 | # QB: 1
Revenue Correlation: 80.29 | Revenue CAGR: 185.4% | SUE: N/A | # QB: None

Additional Sources for EH Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle