Skip to Content
Morningstar

NIO Inc ADR NIO

Morningstar Rating
Unlock
Stock XNYS Rating as of
$7.15 −0.12 (1.65%)
View Full Chart
As of Delayed Price Closed
Unlock Our Analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Leading Premium NEV Manufacturer Benefiting From Consumption Upgrade Trend

Vincent Sun

Nio is a leading electric vehicle, or EV, manufacturer in China, targeting the premium segment. Its current model portfolio’s retail prices range from CNY 328,000-CNY 656,000, with 450-700 km driving range. For new models, Nio started delivery of the midsize ET5 sedan in third-quarter 2022, priced at CNY 328,000-CNY 386,000, as well as the mid-to-large five-seater SUV ES7. The company also upgraded its first-generation SUV models ES8, ES6 and EC6 in the second quarter of 2023. It also plans to launch a new mass-market brand in 2024 to seize the robust demand while retaining Nio’s premium image.

Read Full Report

Price vs Fair Value

View History
NIO is trading at a 46% discount.
Price
$7.15
Fair Value
$51.60
Uncertainty
Very High
1-Star Price
$29.64
5-Star Price
$6.27
Economic Moat
Pmdrr
Capital Allocation
Hlzcqvxjm

Bulls Say, Bears Say

Bulls

Nio has successfully built its premium brand image, which will differentiate the company from its mass-market competitors and generate extra pricing power for the company’s electric cars.

Bears

Escalating battery cost in the past one year will put Nio’s vehicle margin under pressure. It will derail the industry projection of cost parity of NEVs with ICEs, affecting NEV adoption in the long run.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if NIO is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$7.27
Day Range
$7.01–7.26
52-Week Range
$7.00–16.18
Bid/Ask
$7.19 / $7.20
Market Cap
$12.72 Bil
Volume/Avg
46.8 Mil / 41.8 Mil

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
1.69
Dividend Yield
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

Nio is a leading electric vehicle maker targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched the first model, its ES8 seven-seater electric SUV in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Stock Style Box
Large Core
Total Number of Employees
26,763
Website
https://www.nio.com

Competitors

Valuation

View More
Metric
NIO
XPEV
LI
Price/Earnings (Normalized)
 ——35.74
Price/Book Value
 5.993.464.95
Price/Sales
 1.694.202.66
Price/Cash Flow
 ——6.92
Price/Earnings
NIO
XPEV
LI

Financial Strength

Metric
NIO
XPEV
LI
Quick Ratio
 0.750.971.52
Current Ratio
 1.001.441.69
Interest Coverage
 −62.86−50.2245.16
Quick Ratio
NIO
XPEV
LI

Profitability

Metric
NIO
XPEV
LI
Return on Assets (Normalized)
 −20.48%−14.20%8.88%
Return on Equity (Normalized)
 −79.63%−28.69%18.06%
Return on Invested Capital (Normalized)
 −36.08%−23.16%12.05%
Return on Assets
NIO
XPEV
LI

Auto Manufacturers Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
TSLA
Tesla IncCjjrt$759.2 Bil
TM
Toyota Motor Corp ADRJmhp$260.1 Bil
MBGAF
Mercedes-Benz Group AGMspnnbw$70.6 Bil
BMWYY
Bayerische Motoren Werke AG ADRSvcnr$69.4 Bil
STLA
Stellantis NVZxsvs$67.5 Bil
RACE
Ferrari NVYmx$65.1 Bil
VWAGY
Volkswagen AG ADRNnmn$62.3 Bil
VWAPY
Volkswagen AG ADRMzdc$62.3 Bil
HMC
Honda Motor Co Ltd ADRMhgv$50.7 Bil
GM
General Motors CoYkwl$44.3 Bil