Li Auto Inc. (LI)
NEGATIVEFundamental
27
मूल्य
$12.24
मार्केट कैप
$12.23B
भाग 1 · कंपनी का मूल्य कितना है
अवलोकन
Li Auto designs, manufactures and sells premium electric family SUVs in China, mostly under its own brand through company-owned stores rather than independent dealers. Most of its models are extended-range electric vehicles: a small petrol engine charges the battery instead of powering the wheels directly, which removes the range anxiety of a pure battery car without the emissions of a conventional one. The company is now also expanding into fully battery-electric models.
यह पैसा कैसे कमाती है
Almost all revenue comes from selling vehicles outright to the end customer, recognized when the car is delivered to its owner; a small remainder comes from after-sales service, charging infrastructure, accessories and a paid membership programme. Because Li Auto owns its retail stores instead of using independent franchised dealers, it captures the full retail margin on every car sold, but also carries the fixed cost of that store network directly on its own books rather than passing it to a dealer.
सेगमेंट के अनुसार राजस्व
Revenue from delivering new vehicles to customers. Fell 23% in 2025 as intense price competition and the phase-out of purchase subsidies weighed on volumes and pricing.
After-sales service, charging stalls, accessories, the paid membership programme, and commissions — a small and steadier complement to vehicle sales.
प्रतिस्पर्धी बढ़त (Moat)
कोई पहचानी गई बढ़त नहीं · कोई नहींLi Auto has a recognized brand among Chinese families and a distinctive extended-range design, but neither has stopped 2025 revenue from falling 23% and net income from collapsing under price competition. Chinese electric-vehicle makers compete mainly on price, technology refresh cycles and manufacturing cost, none of which is a durable advantage that protects margins once a rival matches the offer.
मांग को क्या चलाता है
चक्रीयVehicle demand depends on consumer confidence, the availability of government purchase incentives, and how aggressively rivals are cutting prices at any given moment. In early 2026 the Chinese new-energy-vehicle market itself contracted year-on-year as subsidies were phased out and supply outran demand, illustrating how quickly the environment can turn against every player at once.
प्रमुख जोखिम
- Intense price competition — The company faces aggressive rivals including BYD, Tesla and new entrants backed by Huawei and Xiaomi. Chinese regulators themselves describe the resulting price war as 'involutionary' competition that erodes margins industry-wide.
- Dependence on government subsidies — Reduction or elimination of purchase subsidies and tax incentives for new-energy vehicles has already contributed to weaker demand and could keep doing so, since the company does not control this lever.
- Regulatory limits on price competition — Authorities have tightened restrictions on cutthroat pricing tactics and supplier payment terms, which could limit the company's own ability to compete on price precisely when it might need to.
- Industry overcapacity and consolidation — The Chinese electric-vehicle industry is widely expected to consolidate around a handful of profitable manufacturers within a few years, implying that many current players, including possibly Li Auto, may not survive as independent companies.
खरीदने के पक्ष में तर्क
Buyers argue that Li Auto's direct-to-consumer retail model and extended-range technology have built real brand loyalty among Chinese families, that the expansion into pure battery-electric models diversifies away from a single powertrain approach, and that a shakeout in the industry could ultimately favour the stronger, better-capitalized survivors.
बेचने के पक्ष में तर्क
Sellers fear that 2025's 23% revenue decline and collapse in profit show the price war is already doing real damage, that subsidy withdrawal removes a tailwind the whole industry relied on, and that larger, better-funded rivals can sustain a price war longer than Li Auto can.
Written by the editors, published on 18 अगस्त 2026
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बैलेंस शीट और तरलता
राजस्व
$109.37B
पिछले 12 महीने (31/3/2026 तक)
शुद्ध आय
$-1.82B
पिछले 12 महीने (31/3/2026 तक)
Free Cash Flow
$-15.60B
कुल इक्विटी
$8.31B
कुल देनदारियाँ
$17.74B
Current Ratio
1.88
Interest Coverage
-
Debt/EBITDA
13.40
Earnings Per Share
राजस्व और शुद्ध आय
Free Cash Flow
आय विवरण
ऐतिहासिक विवरण
समय के साथ मार्जिन
समय के साथ ऋण
ऋण कितना भारी है
वृद्धि तालिका
वृद्धि — राजस्व
Fair Value अनुमान
Fair Value
$18.23
वर्तमान मूल्य
$12.24
Margin of Safety
+32.8%
Fair Value सीमा
$17.31 - $19.14
अनुमान विधियाँ
मूल्यांकन मेट्रिक्स
P/E Ratio
-
ROE
-2.5%
P/B Ratio
1.21
P/FCF
-
Gross Margin
16.0%
ROIC
-43.3%
लाभप्रदता Radar
Value Creation (Economic Moat)
ROIC
-43.3%
WACC
9.7%
ROIC − WACC
-53.0 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental विश्लेषण मानदंड
पास (4)
- P/B Ratio 1.21
- Debt/Equity ratio
- Current Ratio
- Revenue Growth 5Y 64.0%
फेल (12)
- Price CAGR -12.38%
- ROIC -43.3%
- Gross Margin 16.0%
- Positive Free Cash Flow
- Debt/EBITDA
- DCF valuation (Unknown)
- ROE -2.5%
- Analyst Consensus 47% Buy
- Earnings Surprise avg -94.3%
- Earnings Quality (OCF/NI) -11.56
- Net Margin Trend 1.0% vs 5.6%
- Piotroski F-Score 0/9
अनुपलब्ध (11)
- EPS data insufficient
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- CapEx intensity
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Piotroski F-Score
गंभीर वित्तीय चिंताएं
Earnings गुणवत्ता
निम्न गुणवत्ता: accounting की जांच करें
शेयर Dilution
शेयर वापस खरीद रही है। शेयरधारक अनुकूल
प्रशासन
कार्यकारी टीम
| नाम | पद | आयु |
|---|---|---|
| Mr. Xiang Li | Founder, Executive Chairman & CEO | 44 |
| Mr. Donghui Ma | President & Executive Director | 50 |
| Mr. Tie Li | CFO & Executive Director | 47 |
| Mr. Yan Xie | Senior VP & CTO | 46 |
| Janet Chang | Director of Investor Relations | - |
| Kobe Wang | Head of Capital Markets | - |
| Mr. Liangjun Zou | Senior Vice President | 47 |
| Mr. Yang Wang | Joint Company Secretary | - |
| Ms. Yee Wa Lau | Joint Company Secretary | 52 |
भाग 2 · कीमत और खरीदने का समय
यह हिस्सा यह नहीं बताता कि कंपनी अच्छी है या नहीं: यह तय करने में मदद करता है कि उसे कब खरीदें, जब फंडामेंटल आपको आश्वस्त कर चुके हों। इसमें: तकनीकी विश्लेषण, संभावना, ऐतिहासिक गिरावट, गामा एक्सपोज़र।
Latest News
Recent headlines for LI, sourced from Markets Gazette.
- 5/21/2026POSITIVETesla Rival Li Auto's Stock Remains Underpriced As Value Score Rises— Morgan Stanley Sees 61% Upside Potential
Morgan Stanley has identified Li Auto (LI) as an underpriced stock with significant upside potential, projecting a 61% increase. This assessment is driven by a rising value score for the Chinese electric vehicle manufacturer, a direct competitor to Tesla. The firm's positive outlook suggests that despite current market valuations, Li Auto's fundamentals and growth prospects are not fully reflected in its stock price. Investors may find this an opportune moment to consider Li Auto, given the analyst's strong conviction in its future performance.
- 5/17/2026NEUTRALWeekend Round-Up: Li Auto's New SUV, Chinese Automakers Eye Europe, Waymo's Robotaxi Recall And Trump's Stance On Chinese EVs
Li Auto has launched its new Li L7 SUV, a significant move in the competitive EV market. Concurrently, Chinese automakers are reportedly eyeing expansion into Europe, signaling global ambitions. However, Waymo is facing a robotaxi recall, and former President Trump has expressed concerns regarding Chinese EVs. This mixed news presents a complex outlook for the automotive sector, with individual company performances potentially diverging based on strategic execution and geopolitical factors.
- 4/1/2026POSITIVELi Auto Shares Rally As March Deliveries Hit 41,053 Units
Li Auto Inc. (LI) experienced a significant share price increase following the announcement of robust March delivery figures, reaching 41,053 units. This strong performance in the first quarter of 2026 positions the company favorably against competitors like NIO and XPeng within the fiercely competitive Chinese electric vehicle market. The sustained delivery momentum suggests growing consumer demand for Li Auto's offerings and effective market penetration strategies. Investors are likely to view these results as a positive indicator of the company's operational efficiency and future growth prospects, potentially leading to upward price target adjustments.
- 3/11/2026POSITIVELi Auto Ramps Up i6 Production After Supply Chain Issues Ahead Of Q4 Earnings
Li Auto Inc. has reportedly accelerated production of its pure-electric i6 SUV, signaling a resolution to prior supply chain disruptions. This ramp-up comes just ahead of the company's fourth-quarter earnings call scheduled for Thursday. Investors will be closely watching the earnings report for further insights into the company's operational performance and future outlook, particularly concerning the i6 model's market reception and contribution to revenue. The successful resolution of supply chain issues and increased production capacity are positive indicators for the company's ability to meet demand and potentially exceed earnings expectations.
via Markets Gazette