HSAI Stock Analysis: Hesai Sponsored | NASDAQ
Auto Parts | NASDAQ, USA | Market Cap: 2.538m USD | 12M Return: -26.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 31.4M
Qual. Beats: 0
Rev. Trend: 96.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 3.4 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.
Hesai Group (NASDAQ: HSAI) is a Shanghai-based LiDAR company founded in 2014 that designs, manufactures, and sells three-dimensional light detection and ranging (LiDAR) solutions for customers in Mainland China, Europe, North America, and other international markets. Beyond LiDAR hardware, the company also offers gas sensor products, validation and integration services, and engineering design and development work. It went public on the NASDAQ in February 2023 as a sponsored ADR.
Hesais LiDAR products serve two main end markets: automotive applications-specifically passenger and commercial vehicles equipped with advanced driver assistance systems (ADAS)-and autonomous mobility fleets for passenger and freight services. A growing third leg of the business targets robotics, including last-mile delivery robots, street sweeping robots, and logistics robots operating in restricted areas. The companys classification under the Automotive Parts & Equipment sub-industry reflects its primary revenue orientation toward vehicle-related sensing, while its robotics and gas-sensing lines represent diversification beyond the core automotive customer base.
- ADAS LiDAR shipments surge on Chinese EV OEM design wins
- Robotaxi partnership pipeline expands L4 long-term revenue
- US-China export controls threaten overseas LiDAR order book
| Net Income: 471.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA 1.84 > 1.0 |
| NWC/Revenue: 199.0% < 20% (prev 153.1%; Δ 45.93% < -1%) |
| CFO/TA 0.01 > 3% & CFO 113.8m > Net Income 471.7m |
| Net Debt (-4.66b) to EBITDA (272.2m): -17.13 < 3 |
| Current Ratio: 4.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (163.2m) vs 12m ago 24.11% < -2% |
| Gross Margin: 41.22% > 18% (prev 43.00%; Δ -1.78% > 0.5%) |
| Asset Turnover: 38.14% > 50% (prev 38.50%; Δ -0.35% > 0%) |
| Interest Coverage Ratio: 8.80 > 6 (EBIT TTM 148.4m / Interest Expense TTM 16.9m) |
| A: 0.58 (Total Current Assets 7.93b - Total Current Liabilities 1.59b) / Total Assets 10.9b |
| B: -0.27 (Retained Earnings -2.94b / Total Assets 10.9b) |
| C: 0.02 (EBIT TTM 148.4m / Avg Total Assets 8.34b) |
| D: 4.52 (Book Value of Equity 8.89b / Total Liabilities 1.97b) |
| Altman-Z'' = 7.80 = AAA |
| DSRI: 0.82 (Receivables 1.16b/993.2m, Revenue 3.18b/2.24b) |
| GMI: 1.04 (GM 43.00% / 41.22%) |
| AQI: 4.48 (AQ_t 0.16 / AQ_t-1 0.04) |
| SGI: 1.42 (Revenue 3.18b / 2.24b) |
| TATA: 0.03 (NI 471.7m - CFO 113.8m) / TA 10.9b) |
| Beneish M = -0.77 (Cap -4..+1) = D |
As of July 11, 2026, the stock is trading at USD 16.16 with a total of 1,748,967 shares traded. Over the past week, the price has changed by -5.99%, over one month by -7.82%, over three months by -28.68% and over the past year by -26.55%.
Current recommended Stop Loss: 14.80 (which is 8.4% or 1.2 ATR below the current price).
Hesai Sponsored has received a consensus analysts rating of 4.64. Therefore, it is recommended to buy HSAI.
- StrongBuy: 10
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 30.3 | 87.4% |
Market Cap CNY = 17.2b (2.54b USD * 6.7929 USD.CNY)
P/E Trailing = 34.3617
P/E Forward = 27.3224
P/S = 0.7974
P/B = 2.0574
P/EG = 0.6049
Revenue TTM = 3.18b CNY
EBIT TTM = 148.4m CNY
EBITDA TTM = 272.2m CNY
Long Term Debt = 258.2m CNY (from longTermDebt, last quarter)
Short Term Debt = 625.8m CNY (from shortTermDebt, last quarter)
Debt = 1.04b CNY (from shortLongTermDebtTotal, last quarter) + Leases 76.8m
Net Debt = -4.66b CNY (calculated: Debt 1.04b - CCE 5.70b)
Enterprise Value = 12.6b CNY (17.2b + Debt 1.04b - CCE 5.70b)
Interest Coverage Ratio = 8.80 (Ebit TTM 148.4m / Interest Expense TTM 16.9m)
EV/FCF = -67.20x (Enterprise Value 12.6b / FCF TTM -187.1m)
FCF Yield = -1.49% (FCF TTM -187.1m / Enterprise Value 12.6b)
FCF Margin = -5.88% (FCF TTM -187.1m / Revenue TTM 3.18b)
Net Margin = 14.82% (Net Income TTM 471.7m / Revenue TTM 3.18b)
Gross Margin = 41.22% ((Revenue TTM 3.18b - Cost of Revenue TTM 1.87b) / Revenue TTM)
Gross Margin QoQ = 39.09% (prev 41.03%)
Tobins Q-Ratio = 1.16 (Enterprise Value 12.6b / Total Assets 10.9b)
Interest Expense / Debt = 1.63% (Interest Expense 16.9m / Debt 1.04b)
Taxrate = 6.15% (30.9m / 502.6m)
NOPAT = 139.3m (EBIT 148.4m * (1 - 6.15%))
Current Ratio = 4.97 (Total Current Assets 7.93b / Total Current Liabilities 1.59b)
Debt / Equity = 0.12 (Debt 1.04b / totalStockholderEquity, last quarter 8.89b)
Debt / EBITDA = -17.13 (Net Debt -4.66b / EBITDA 272.2m)
Debt / FCF = 24.92 (negative FCF - burning cash) (Net Debt -4.66b / FCF TTM -187.1m)
Total Stockholder Equity = 7.76b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.65% (Net Income 471.7m / Total Assets 10.9b)
RoE = 6.08% (Net Income TTM 471.7m / Total Stockholder Equity 7.76b)
RoCE = 1.85% (EBIT 148.4m / Capital Employed (Equity 7.76b + L.T.Debt 258.2m))
RoIC = 1.43% (NOPAT 139.3m / Invested Capital 9.73b)
WACC = 13.37% (E(17.2b)/V(18.3b) * Re(14.08%) + D(1.04b)/V(18.3b) * Rd(1.63%) * (1-Tc(0.06)))
Discount Rate = 14.08% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 91.11 | Cagr: 11.98%
[DCF] Fair Price = unknown (Cash Flow -187.1m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.24 | # QB: 0
Revenue Correlation: 96.52 | Revenue CAGR: 27.75% | SUE: 0.06 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.64 | Chg30d=+30.57% | Revisions=+25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.32 | Chg30d=-24.50% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=3.93 | Chg30d=-5.12% | Revisions=-67% | GrowthEPS=+4.5% | GrowthRev=+44.0%
EPS next Year (2027-12-31): EPS=6.14 | Chg30d=-3.38% | Revisions=-36% | GrowthEPS=+56.4% | GrowthRev=+40.6%
[Analyst] Revisions Ratio: -53% (up=3, down=13)