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Li Auto Inc Ordinary Shares - Class A 02015

Morningstar Rating
HKD 103.50 +4.60 (4.65%)
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Company Report

Li Auto's Strong PHEV Portfolio Is Powering Near-Term Momentum

Li Auto is a leading new energy vehicle, or NEV, manufacturer in China, producing plug-in hybrid electric sport utility vehicles, or SUVs, for family car use. Li Auto put a lot of effort into its range-extension powertrain, which has become a key selling point for its value-for-money vehicles. As it uses less battery, plug-in hybrid electric vehicles, or PHEVs, offer significant price advantages compared with battery electric vehicles, or BEVs.

Price vs Fair Value

02015 is trading at a 51% discount.
Price
HKD 97.45
Fair Value
HKD 866.50
Uncertainty
Very High
1-Star Price
HKD 965.56
5-Star Price
HKD 66.40
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Li Auto’s strong product capacity, targeting family car users and focusing on the mid- to large-size SUV segment, will ensure the success of its future models, including but not limited to extended range electric vehicles, or EREVs.

Bears

Li Auto’s range-extension vehicles will face increasing pressure as the industry moves to pure electric models, while the company lacks track record in pure electric cars.

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News

Trading Information

Previous Close Price
HKD 98.90
Day Range
HKD 99.00105.20
52-Week Range
HKD 88.10185.50
Bid/Ask
HKD 103.40 / HKD 103.50
Market Cap
HKD 205.52 Bil
Volume/Avg
9.2 Mil / 11.5 Mil

Key Statistics

Price/Earnings (Normalized)
17.09
Price/Sales
1.53
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 376,000 NEVs in 2023, accounting for about 4% of China's passenger new energy vehicle market. Beyond Li One, the company expands its product line, including both BEVs and PHEVs, to target a broader consumer base.
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Stock Style Box
Large Growth
Total Number of Employees
31,591

Competitors

Valuation

Metric
02015
TSLA
01211
Price/Earnings (Normalized)
17.0961.6419.78
Price/Book Value
2.968.344.05
Price/Sales
1.536.200.93
Price/Cash Flow
40.887.12
Price/Earnings
02015
TSLA
01211

Financial Strength

Metric
02015
TSLA
01211
Quick Ratio
1.521.130.42
Current Ratio
1.691.730.67
Interest Coverage
45.1658.1019.86
Quick Ratio
02015
TSLA
01211

Profitability

Metric
02015
TSLA
01211
Return on Assets (Normalized)
8.88%9.74%4.85%
Return on Equity (Normalized)
18.06%16.96%23.14%
Return on Invested Capital (Normalized)
12.05%13.43%16.68%
Return on Assets
02015
TSLA
01211
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