(LI) Li Auto - Overview
Sector: Consumer Cyclical | Industry: Auto Manufacturers | Exchange: NASDAQ (USA) | Market Cap: 15.273m USD | Total Return: -47.7% in 12m
Avg Turnover: 100M
Qual. Beats: 0
Rev. Trend: 37.8%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -26.3 is critical
Beneish M-Score -1.41 > -1.5 - likely earnings manipulation
Below Avwap Earnings
Tailwinds
No distinct edge detected
Li Auto Inc. is a Beijing-based automotive manufacturer specializing in the design and production of premium smart electric vehicles (EVs) for the Chinese market. The company’s portfolio primarily consists of multi-purpose vehicles (MPVs) and sport utility vehicles (SUVs), supported by a vertically integrated business model that includes manufacturing equipment production and technology development. Sales are conducted through a hybrid model of online platforms and physical retail locations.
The company operates within China’s rapidly expanding New Energy Vehicle (NEV) sector, which benefits from significant national infrastructure investment and regulatory incentives. Li Auto distinguishes itself by utilizing extended-range electric vehicle (EREV) technology, which employs a small internal combustion engine to charge the battery, effectively mitigating range anxiety in regions with developing charging networks. To evaluate how these technical specifications impact long-term valuation, consider reviewing the detailed metrics on ValueRay.
- Extended-range electric vehicle delivery volume growth drives quarterly revenue and market share
- Production scaling and supply chain optimization impact vehicle gross profit margins
- Expansion of autonomous driving software capabilities influences premium segment competitive positioning
- Chinese government EV subsidies and local infrastructure investment affect consumer demand trends
- Intensifying domestic price competition among NEV manufacturers pressures average selling prices
| Net Income: -1.80b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.11 > 0.02 and ΔFCF/TA -17.27 > 1.0 |
| NWC/Revenue: 45.17% < 20% (prev 40.46%; Δ 4.72% < -1%) |
| CFO/TA -0.05 > 3% & CFO -7.70b > Net Income -1.80b |
| Current Ratio: 1.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.01b) vs 12m ago -5.17% < -2% |
| Gross Margin: 15.99% > 18% (prev 0.21%; Δ 1.58k% > 0.5%) |
| Asset Turnover: 71.26% > 50% (prev 89.64%; Δ -18.38% > 0%) |
| Interest Coverage Ratio: -26.29 > 6 (EBITDA TTM 428.8m / Interest Expense TTM 160.0m) |
| A: 0.34 (Total Current Assets 105b - Total Current Liabilities 56.0b) / Total Assets 144b |
| B: 0.08 (Retained Earnings 11.2b / Total Assets 144b) |
| C: -0.03 (EBIT TTM -4.21b / Avg Total Assets 153b) |
| D: 0.00 (Book Value of Equity 1.46m / Total Liabilities 73.7b) |
| Altman-Z'' = 2.31 = BBB |
| DSRI: 2.50 (Receivables 128.5m/68.5m, Revenue 109b/145b) |
| GMI: 1.28 (GM 15.99% / 20.51%) |
| AQI: 1.44 (AQ_t 0.06 / AQ_t-1 0.04) |
| SGI: 0.75 (Revenue 109b / 145b) |
| TATA: 0.04 (NI -1.80b - CFO -7.70b) / TA 144b) |
| Beneish M = -1.41 (Cap -4..+1) = D |
As of June 02, 2026, the stock is trading at USD 14.54 with a total of 7,886,116 shares traded.
Over the past week, the price has changed by -8.50%,
over one month by -17.25%,
over three months by -17.25% and
over the past year by -47.74%.
Li Auto has received a consensus analysts rating of 4.29. Therefore, it is recommended to buy LI.
- StrongBuy: 14
- Buy: 8
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 19.9 | 36.9% |
Market Cap CNY = 103b (15.3b USD * 6.7663 USD.CNY)
P/E Forward = 53.1915
P/S = 0.1394
P/B = 1.4745
P/EG = 0.8249
Revenue TTM = 109b CNY
EBIT TTM = -4.21b CNY
EBITDA TTM = 428.8m CNY
Long Term Debt = 3.79b CNY (from longTermDebt, last quarter)
Short Term Debt = 7.68b CNY (from shortTermDebt, last quarter)
Debt = 25.5b CNY (from shortLongTermDebtTotal, last quarter) + Leases 7.79b
Net Debt = -67.4b CNY (calculated: Debt 25.5b - CCE 92.8b)
Enterprise Value = 36.0b CNY (103b + Debt 25.5b - CCE 92.8b)
Interest Coverage Ratio = -26.29 (Ebit TTM -4.21b / Interest Expense TTM 160.0m)
EV/FCF = -2.23x (Enterprise Value 36.0b / FCF TTM -16.1b)
FCF Yield = -44.78% (FCF TTM -16.1b / Enterprise Value 36.0b)
FCF Margin = -14.79% (FCF TTM -16.1b / Revenue TTM 109b)
Net Margin = -1.65% (Net Income TTM -1.80b / Revenue TTM 109b)
Gross Margin = 15.99% ((Revenue TTM 109b - Cost of Revenue TTM 91.6b) / Revenue TTM)
Gross Margin QoQ = 7.87% (prev 17.83%)
Tobins Q-Ratio = 0.25 (Enterprise Value 36.0b / Total Assets 144b)
Interest Expense / Debt = 0.63% (Interest Expense 160.0m / Debt 25.5b)
Taxrate = 12.16% (153.4m / 1.26b)
NOPAT = -3.69b (EBIT -4.21b * (1 - 12.16%)) [loss with tax shield]
Current Ratio = 1.88 (Total Current Assets 105b / Total Current Liabilities 56.0b)
Debt / Equity = 0.36 (Debt 25.5b / totalStockholderEquity, last quarter 69.8b)
Debt / EBITDA = -157.1 (out of range, set to none) (Net Debt -67.4b / EBITDA 428.8m)
Debt / FCF = 4.18 (negative FCF - burning cash) (Net Debt -67.4b / FCF TTM -16.1b)
Total Stockholder Equity = 72.1b (last 4 quarters mean from totalStockholderEquity)
RoA = -1.18% (Net Income -1.80b / Total Assets 144b)
RoE = -2.50% (Net Income TTM -1.80b / Total Stockholder Equity 72.1b)
RoCE = -5.54% (EBIT -4.21b / Capital Employed (Equity 72.1b + L.T.Debt 3.79b))
RoIC = -3.91% (negative operating profit) (NOPAT -3.69b / Invested Capital 94.6b)
WACC = 6.51% (E(103b)/V(129b) * Re(7.98%) + D(25.5b)/V(129b) * Rd(0.63%) * (1-Tc(0.12)))
Discount Rate = 7.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -15.56 | Cagr: -2.15%
[DCF] Fair Price = unknown (Cash Flow -16.1b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.08 | # QB: 0
Revenue Correlation: 37.78 | Revenue CAGR: 8.42% | SUE: 0.06 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-1.39 | Chg30d=-56.80% | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.10 | Chg30d=-114.54% | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=-1.21 | Chg30d=-157.92% | Revisions=N/A | GrowthEPS=-153.6% | GrowthRev=+6.1%
EPS next Year (2027-12-31): EPS=6.75 | Chg30d=+1.88% | Revisions=-20% | GrowthEPS=+660.4% | GrowthRev=+28.4%
[Analyst] Revisions Ratio: -20%