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Li Auto Inc ADR LI

Morningstar Rating
$20.60 −0.68 (3.20%)
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Company Report

Tariffs of Up to 25% on Chinese EV Manufacturers Won’t Change Our Growth Outlook

Shares of Chinese electric vehicle manufacturers fell 4%-9% on June 12 in Hong Kong on news that the European Commission will provisionally apply additional tariffs of up to 25% on imported electric vehicles made in China starting next month, compared with the 10% standard import duties on EVs. The European Union launched an investigation in October 2023 into subsidies given to EV automakers in China. The EU accused Chinese automakers of unfairly benefiting from incentives and support from the Chinese government and such subsidies have raised overcapacity concerns. The commission alleged that subsidized car imports posed an economic threat to the healthy development of the EV industry in the EU.

Price vs Fair Value

LI is trading at a 874% premium.
Price
$21.28
Fair Value
$51.20
Uncertainty
Very High
1-Star Price
$17.54
5-Star Price
$65.16
Economic Moat
Jyzl
Capital Allocation
Wmlphhcx

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
$21.28
Day Range
$20.1720.83
52-Week Range
$17.7547.33
Bid/Ask
$20.55 / $20.75
Market Cap
$21.86 Bil
Volume/Avg
7.4 Mil / 8.3 Mil

Key Statistics

Price/Earnings (Normalized)
13.99
Price/Sales
1.24
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 Core
Total Number of Employees
31,591

Competitors

Valuation

Metric
LI
TSLA
NIO
Price/Earnings (Normalized)
13.9990.93
Price/Book Value
2.4512.303.51
Price/Sales
1.249.141.14
Price/Cash Flow
60.29
Price/Earnings
LI
TSLA
NIO

Financial Strength

Metric
LI
TSLA
NIO
Quick Ratio
1.311.040.86
Current Ratio
1.531.721.15
Interest Coverage
91.0538.06−44.79
Quick Ratio
LI
TSLA
NIO

Profitability

Metric
LI
TSLA
NIO
Return on Assets (Normalized)
9.81%9.74%−19.20%
Return on Equity (Normalized)
22.15%16.96%−100.24%
Return on Invested Capital (Normalized)
13.91%13.43%−36.91%
Return on Assets
LI
TSLA
NIO
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