(LI) Li Auto - Overview
Sector: Consumer Cyclical | Industry: Auto Manufacturers | Exchange: NASDAQ (USA) | Market Cap: 17.035m USD | Total Return: -45% in 12m
Avg Turnover: 54.5M
Qual. Beats: -2
Rev. Trend: 41.8%
Qual. Beats: 0
Warnings
P/E ratio 104.3
Interest Coverage Ratio -11.4 is critical
Tailwinds
Confidence
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: 483.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.10 > 0.02 and ΔFCF/TA -16.52 > 1.0 |
| NWC/Revenue: 45.21% < 20% (prev 40.46%; Δ 4.75% < -1%) |
| CFO/TA -0.05 > 3% & CFO -7.70b > Net Income 483.4m |
| Net Debt (-75.2b) to EBITDA (2.85b): -26.39 < 3 |
| Current Ratio: 1.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.04b) vs 12m ago -2.54% < -2% |
| Gross Margin: 18.06% > 18% (prev 0.21%; Δ 1.79k% > 0.5%) |
| Asset Turnover: 72.42% > 50% (prev 89.64%; Δ -17.22% > 0%) |
| Interest Coverage Ratio: -11.42 > 6 (EBITDA TTM 2.85b / Interest Expense TTM 156.5m) |
| A: 0.34 (Total Current Assets 115b - Total Current Liabilities 63.6b) / Total Assets 154b |
| B: 0.07 (Retained Earnings 11.2b / Total Assets 154b) |
| C: -0.01 (EBIT TTM -1.79b / Avg Total Assets 158b) |
| D: 0.00 (Book Value of Equity 1.46m / Total Liabilities 81.2b) |
| Altman-Z'' = 2.36 = BBB |
| DSRI: 2.22 (Receivables 119.9m/68.5m, Revenue 115b/145b) |
| GMI: 1.14 (GM 18.06% / 20.51%) |
| AQI: 1.12 (AQ_t 0.05 / AQ_t-1 0.04) |
| SGI: 0.79 (Revenue 115b / 145b) |
| TATA: 0.05 (NI 483.4m - CFO -7.70b) / TA 154b) |
| Beneish M = -1.93 (Cap -4..+1) = B |
As of May 24, 2026, the stock is trading at USD 16.20 with a total of 3,662,675 shares traded.
Over the past week, the price has changed by -14.15%,
over one month by -14.80%,
over three months by -13.78% and
over the past year by -45.04%.
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 | 21.2 | 30.6% |
P/E Trailing = 104.3125
P/E Forward = 64.1026
P/S = 0.1517
P/B = 1.7239
P/EG = 0.9924
Revenue TTM = 115b CNY
EBIT TTM = -1.79b CNY
EBITDA TTM = 2.85b CNY
Long Term Debt = 3.30b CNY (from longTermDebt, last fiscal year)
Short Term Debt = 7.91b CNY (from shortTermDebt, last quarter)
Debt = 26.1b CNY (from shortLongTermDebtTotal, last quarter) + Leases 8.30b
Net Debt = -75.2b CNY (calculated: Debt 26.1b - CCE 101b)
Enterprise Value = 40.7b CNY (116b + Debt 26.1b - CCE 101b)
Interest Coverage Ratio = -11.42 (Ebit TTM -1.79b / Interest Expense TTM 156.5m)
EV/FCF = -2.52x (Enterprise Value 40.7b / FCF TTM -16.1b)
FCF Yield = -39.61% (FCF TTM -16.1b / Enterprise Value 40.7b)
FCF Margin = -14.07% (FCF TTM -16.1b / Revenue TTM 115b)
Net Margin = 0.42% (Net Income TTM 483.4m / Revenue TTM 115b)
Gross Margin = 18.06% ((Revenue TTM 115b - Cost of Revenue TTM 93.8b) / Revenue TTM)
Gross Margin QoQ = 17.83% (prev 17.83%)
Tobins Q-Ratio = 0.26 (Enterprise Value 40.7b / Total Assets 154b)
Interest Expense / Debt = 0.60% (Interest Expense 156.5m / Debt 26.1b)
Taxrate = 12.16% (153.4m / 1.26b)
NOPAT = -1.57b (EBIT -1.79b * (1 - 12.16%)) [loss with tax shield]
Current Ratio = 1.81 (Total Current Assets 115b / Total Current Liabilities 63.6b)
Debt / Equity = 0.36 (Debt 26.1b / totalStockholderEquity, last quarter 72.7b)
Debt / EBITDA = -26.39 (Net Debt -75.2b / EBITDA 2.85b)
Debt / FCF = 4.67 (negative FCF - burning cash) (Net Debt -75.2b / FCF TTM -16.1b)
Total Stockholder Equity = 72.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.31% (Net Income 483.4m / Total Assets 154b)
RoE = 0.66% (Net Income TTM 483.4m / Total Stockholder Equity 72.8b)
RoCE = -2.35% (EBIT -1.79b / Capital Employed (Equity 72.8b + L.T.Debt 3.30b))
RoIC = -1.59% (negative operating profit) (NOPAT -1.57b / Invested Capital 98.5b)
WACC = 6.67% (E(116b)/V(142b) * Re(8.05%) + D(26.1b)/V(142b) * Rd(0.60%) * (1-Tc(0.12)))
Discount Rate = 8.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -13.48 | Cagr: -0.95%
[DCF] Fair Price = unknown (Cash Flow -16.1b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.85 | # QB: -2
Revenue Correlation: 41.82 | Revenue CAGR: 9.25% | SUE: 0.41 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.88 | Chg30d=+23.19% | Revisions=N/A | Analysts=3
EPS current Year (2026-12-31): EPS=1.48 | Chg30d=+18.59% | Revisions=N/A | GrowthEPS=-34.4% | GrowthRev=+14.0%
EPS next Year (2027-12-31): EPS=6.35 | Chg30d=-0.94% | Revisions=N/A | GrowthEPS=+330.1% | GrowthRev=+20.5%