(LI) Li Auto - NASDAQ
Sector: Consumer Cyclical | Industry: Auto Manufacturers | Exchange: NASDAQ (USA) | Market Cap: 12.438m USD | Total Return: -57.9% in 12m
Avg Turnover: 63.6M
EPS Trend: -55.5%
Qual. Beats: 1
Rev. Trend: 37.8%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -26.3 is critical
Beneish M-Score -1.45 > -1.5 - likely earnings manipulation
Below Avwap Earnings
Tailwinds
No distinct edge detected
Li Auto Inc. (NASDAQ: LI) is a Chinese premium smart electric vehicle manufacturer headquartered in Beijing. Founded in 2015 and formerly known as Leading Ideal Inc., the company designs, develops, manufactures, and sells new energy vehicles, with a product line focused on multi-purpose vehicles (MPVs) and sport utility vehicles (SUVs). Beyond vehicles, Li Auto also provides technology development, manufacturing equipment, and after-sales management services, distributing its products through both online and offline channels.
The company operates within the GICS Automobile Manufacturers sub-industry under Consumer Discretionary, competing in Chinas highly competitive new energy vehicle (NEV) market. Li Auto is notable for its emphasis on extended-range electric vehicles (EREVs), which pair a battery-electric drivetrain with a small gasoline engine used solely to generate electricity, addressing range anxiety that has historically affected pure EV adoption in China. Its direct-to-consumer sales model, combining online ordering with offline experience and delivery centers, reflects a broader shift among Chinese automakers away from traditional franchised dealerships toward integrated retail formats.
- Li Auto deliveries accelerate on L6 SUV demand
- China EV price war pressures Li Auto profit margins
- Li Auto expands BEV lineup to capture premium market
| 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 20.51%; Δ -4.53% > 0.5%) |
| Asset Turnover: 71.26% > 50% (prev 89.64%; Δ -18.38% > 0%) |
| Interest Coverage Ratio: -26.29 > 6 (EBIT TTM -4.21b / 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: 0.95 (Book Value of Equity 69.8b / Total Liabilities 73.7b) |
| Altman-Z'' = 3.31 = A |
| DSRI: 2.50 (Receivables 128.5m/68.5m, Revenue 109b/145b) |
| GMI: 1.28 (GM 20.51% / 15.99%) |
| 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 = -1.45 (Cap -4..+1) = D |
As of June 26, 2026, the stock is trading at USD 11.83 with a total of 2,893,145 shares traded. Over the past week, the price has changed by -12.89%, over one month by -25.50%, over three months by -34.57% and over the past year by -57.92%.
Current recommended Stop Loss: 11.10 (which is 6.2% or 1.4 ATR below the current price).
Li Auto has received a consensus analysts rating of 3.57. Therefore, it is recommended to hold LI.
- StrongBuy: 8
- Buy: 3
- Hold: 15
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 18.5 | 56.1% |
Market Cap CNY = 84.6b (12.4b USD * 6.7982 USD.CNY)
P/E Forward = 53.1915
P/S = 0.1137
P/B = 1.2026
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 = 7.71b 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 = 17.2b CNY (84.6b + Debt 25.5b - CCE 92.8b)
Interest Coverage Ratio = -26.29 (Ebit TTM -4.21b / Interest Expense TTM 160.0m)
EV/FCF = -1.07x (Enterprise Value 17.2b / FCF TTM -16.1b)
FCF Yield = -93.65% (FCF TTM -16.1b / Enterprise Value 17.2b)
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 = 0.12 (Enterprise Value 17.2b / 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 = -4.09% (negative operating profit) (NOPAT -3.69b / Invested Capital 90.3b)
WACC = 6.56% (E(84.6b)/V(110b) * Re(8.37%) + D(25.5b)/V(110b) * Rd(0.63%) * (1-Tc(0.12)))
Discount Rate = 8.37% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -15.56 | Cagr: -2.15%
[DCF] Fair Price = unknown (Cash Flow -16.1b)
EPS Correlation: -55.50 | EPS CAGR: -57.48% | SUE: 2.04 | # QB: 1
Revenue Correlation: 37.78 | Revenue CAGR: 8.42% | SUE: 0.06 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-1.21 | Chg30d=-37.36% | Revisions=+0% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.28 | Chg30d=-60.50% | Revisions=-33% | Analysts=3
EPS current Year (2026-12-31): EPS=0.35 | Chg30d=-83.23% | Revisions=-14% | GrowthEPS=-84.5% | GrowthRev=+7.7%
EPS next Year (2027-12-31): EPS=6.96 | Chg30d=+5.03% | Revisions=-20% | GrowthEPS=+1895.4% | GrowthRev=+24.3%
[Analyst] Revisions Ratio: -33%