(EH) Ehang Holdings - Ratings and Ratios
Passenger Drone, Cargo Drone, Command System, Vertiport, Charging Pile
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 64.8% |
| Value at Risk 5%th | 93.8% |
| Relative Tail Risk | -12.02% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.10 |
| Alpha | -29.79 |
| CAGR/Max DD | 0.04 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.542 |
| Beta | 1.102 |
| Beta Downside | 1.747 |
| Drawdowns 3y | |
|---|---|
| Max DD | 57.92% |
| Mean DD | 31.01% |
| Median DD | 32.50% |
Description: EH Ehang Holdings November 16, 2025
EHang Holdings Limited (NASDAQ:EH) is a China-based urban air mobility (UAM) platform that designs, manufactures, sells, and operates autonomous aerial vehicles (UAVs) across multiple continents, targeting passenger transport, logistics, smart-city services, and aerial media.
The company’s product line includes the EH216 series (passenger-capacity eVTOL), the VT series (cargo drones), the Falcon B (high-altitude UAV), and the GD series (industrial drones). Complementary offerings span autopilot and flight-control software, communication suites, battery-management and safety systems, as well as a command-and-control backbone.
EHang has also built a digital UAM operational platform that visualizes flight scheduling, ground-crew coordination, vertiport management, and charging infrastructure, effectively integrating the entire front-line eVTOL workflow. Vertiport construction and dedicated charging piles are part of its broader mobility-efficiency ecosystem.
Key external data points (as of Q3 2024): • 2023 revenue rose ~22% year-over-year to roughly $115 million, driven largely by commercial-logistics contracts in Southeast Asia. • The company reported an order backlog of about $260 million, indicating growing demand for its cargo-drone solutions. • The global eVTOL market is projected by BloombergNEF to reach $1.4 trillion by 2035 (CAGR ≈ 30%), with Chinese municipal pilots and the “Made in China 2025” initiative providing a policy tailwind for domestic UAM deployment.
If you want a data-rich, unbiased deep-dive on EH’s valuation metrics and scenario analysis, the ValueRay research hub offers a concise framework worth exploring.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (-287.1m TTM) > 0 and > 6% of Revenue (6% = 25.7m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA 13.20pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 205.4% (prev 200.2%; Δ 5.19pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.08 (>3.0%) and CFO 158.0m > Net Income -287.1m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 2.33 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (37.2m) change vs 12m ago -40.01% (target <= -2.0% for YES) |
| Gross Margin 61.45% (prev 62.24%; Δ -0.79pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 25.85% (prev 24.94%; Δ 0.91pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -27.49 (EBITDA TTM -284.4m / Interest Expense TTM 4.76m) >= 6 (WARN >= 3) |
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 (Balance) -2.23b / Total Assets 1.93b |
| warn (B) unusual magnitude: -1.15 — check mapping/units |
| (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 |
| Total Rating: -3.95 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 48.50
| 1. Piotroski 4.0pt |
| 2. FCF Yield 1.98% |
| 3. FCF Margin 27.76% |
| 4. Debt/Equity 0.44 |
| 5. Debt/Ebitda -0.85 |
| 6. ROIC - WACC (= -20.40)% |
| 7. RoE -29.14% |
| 8. Rev. Trend 86.41% |
| 9. EPS Trend 3.76% |
What is the price of EH shares?
Over the past week, the price has changed by +5.99%, over one month by -0.49%, over three months by -26.23% and over the past year by -10.32%.
Is EH a buy, sell or hold?
- 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 | 22.5 | 57.2% |
| Analysts Target Price | 22.5 | 57.2% |
| ValueRay Target Price | 14.2 | -1% |
EH Fundamental Data Overview January 02, 2026
P/S = 2.2064
P/B = 6.5027
Beta = 0.562
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 = 6.00b CNY (6.63b + Debt 468.2m - CCE 1.10b)
Interest Coverage Ratio = -27.49 (Ebit TTM -130.9m / Interest Expense TTM 4.76m)
FCF Yield = 1.98% (FCF TTM 119.0m / Enterprise Value 6.00b)
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 = 3.11 (Enterprise Value 6.00b / Total Assets 1.93b)
Interest Expense / Debt = 0.37% (Interest Expense 1.74m / Debt 468.2m)
Taxrate = 0.00% (-1000 / -82.2m)
NOPAT = -130.9m (EBIT -130.9m * (1 - 0.00%)) [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 = -14.89% (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 = -10.97% (negative operating profit) (NOPAT -130.9m / Invested Capital 1.19b)
WACC = 9.43% (E(6.63b)/V(7.10b) * Re(10.07%) + D(468.2m)/V(7.10b) * Rd(0.37%) * (1-Tc(0.00)))
Discount Rate = 10.07% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -23.03%
[DCF Debug] Terminal Value 75.14% ; FCFE base≈119.0m ; Y1≈146.8m ; Y5≈250.5m
Fair Price DCF = 57.28 (DCF Value 3.01b / Shares Outstanding 52.5m; 5y FCF grow 25.0% → 3.0% )
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%
Additional Sources for EH Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle