Education
About Us
Working with TipRanks
Follow Us
AutoHome (ATHM)
NYSE:ATHM
Top Page
AutoHome
(NYSE:ATHM)
75Outperform
Positive Factors
Financial Performance
Autohome's revenue from media services showed a significant improvement, with a 10% increase above expectations.
Shareholder Value
The company repurchased shares worth US$81.8 million, indicating confidence in its stock value and commitment to returning value to shareholders.
Negative Factors
Revenue Decline
Total revenue declined by 7% year-over-year, which may indicate challenges in maintaining growth.
AutoHome (ATHM) vs. S&P 500 (SPY)
Market Cap
$3.73B
Dividend Yield5.58%
Average Volume (3M)590.48K
Price to Earnings (P/E)16.2
Beta (1Y)0.66
Revenue Growth-1.96%
EPS Growth-14.25%
CountryUS
Employees5,511
SectorCommunication Services
Sector Strength82
IndustryInteractive Multi-Media
Share Statistics
EPS (TTM)1.85
Shares Outstanding127,346,900
10 Day Avg. Volume587,520
30 Day Avg. Volume590,480
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.65
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$32.50Price Target Upside8.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
AutoHome Business Overview & Revenue Model
Company DescriptionAutoHome Inc. (ATHM) is a leading online destination for automobile consumers in China, offering comprehensive automotive content, such as vehicle reviews, industry news, and consumer insights. The company operates across the automotive, internet, and consumer services sectors, providing a platform that connects car buyers with manufacturers, dealers, and other industry participants. Its core services include new and used car listings, car financing, and after-sales services that cater to the needs of car enthusiasts and prospective buyers.
How the Company Makes MoneyAutoHome makes money primarily through online advertising services, which constitute a significant portion of its revenue. The company provides advertising services to automobile manufacturers, dealers, and other automotive industry participants, allowing them to reach a broad audience of potential car buyers. Additionally, AutoHome generates revenue through its subscription services offered to dealers, which include listing fees for new and used car information. The company's platform also supports value-added services such as data insights and market analysis, further enhancing its revenue streams. Strategic partnerships with automotive industry stakeholders and continuous investment in content development and technological advancements contribute to its earnings.
AutoHome Financial Statement Overview
Summary
AutoHome presents a strong financial position with stable income, a robust balance sheet, and positive cash flow trends. While the company maintains low leverage and efficient operations, it faces challenges in revenue growth. Strategic initiatives to boost revenue and enhance cash flow efficiency could further strengthen the financial outlook.Income Statement
AutoHome shows a stable financial performance with a consistent gross profit margin and net profit margin. The revenue growth has been moderate at 3.51% from 2022 to 2023, following a decline in previous years. The EBIT margin improved significantly in 2023, indicating better operational efficiency. However, the revenue is still below 2020 levels, suggesting a need for stronger growth strategies.75
Positive
Balance Sheet
The balance sheet is strong, with an impressive debt-to-equity ratio of 0.01, reflecting low leverage and financial stability. The equity ratio is robust at 77.59%, indicating a strong capital structure. The return on equity is healthy at 8.50%, but there is room for improvement compared to historical performance.88
Very Positive
Cash Flow
Cash flow analysis indicates positive trends with a free cash flow growth rate of 5.82% from 2022 to 2023. The operating cash flow to net income ratio is solid, reflecting efficient cash conversion. However, the free cash flow to net income ratio shows a slight decline, suggesting potential areas for enhancing cash flow management.80
Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 7.30B | 7.18B | 6.94B | 7.24B | 8.66B | 8.42B | Gross Profit |
| 5.91B | 5.77B | 5.71B | 6.19B | 7.70B | 7.46B | EBIT |
| 1.22B | 1.14B | 46.95M | 1.35B | 3.15B | 3.24B | EBITDA |
| 1.22B | 1.38B | 1.55B | 2.09B | 3.15B | 3.35B | Net Income Common Stockholders |
| 2.01B | 2.03B | 1.94B | 2.56B | 3.28B | 3.20B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 23.55B | 23.55B | 3.20B | 20.73B | 14.63B | 12.80B | Total Assets |
| 30.84B | 30.84B | 29.72B | 28.53B | 23.73B | 19.16B | Total Debt |
| 196.14M | 196.14M | 110.39M | 124.78M | 202.71M | 75.85M | Net Debt |
| -4.80B | -4.80B | -295.77M | -4.11B | -1.55B | -1.91B | Total Liabilities |
| 5.66B | 5.66B | 588.47M | 4.59B | 4.92B | 4.55B | Stockholders Equity |
| 23.93B | 23.93B | 2.35B | 22.75B | 17.63B | 14.63B |
| Cash Flow | Free Cash Flow | ||||
| 26.23M | 2.37B | 2.45B | 3.30B | 3.06B | 2.69B | Operating Cash Flow |
| 26.23M | 2.45B | 2.57B | 3.52B | 3.33B | 2.89B | Investing Cash Flow |
| 0.00 | 1.00B | -3.11B | -3.81B | -2.99B | -1.17B | Financing Cash Flow |
| 0.00 | -1.12B | -1.14B | 2.90B | -546.97M | 68.68M |
AutoHome Technical Analysis
Positive
29.92
Price Trends
28.06
Positive
27.44
Positive
26.67
Positive
Market Momentum
0.56
Positive
56.39
Neutral
55.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATHM, the sentiment is Positive. The current price of 29.92 is above the 20-day moving average (MA) of 29.67, above the 50-day MA of 28.06, and above the 200-day MA of 26.67, indicating a bullish trend. The MACD of 0.56 indicates Positive momentum. The RSI at 56.39 is Neutral, neither overbought nor oversold. The STOCH value of 55.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ATHM.
AutoHome Risk Analysis
AutoHome disclosed 69 risk factors in its most recent earnings report. AutoHome reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
AutoHome Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $3.73B | 16.22 | 6.76% | 5.58% | -1.96% | -14.25% | |
72 Outperform | $4.85B | 11.29 | 12.76% | ― | 16.11% | -24.72% | |
66 Neutral | $2.22B | 45.49 | 4.80% | ― | 6.47% | ― | |
65 Neutral | $36.72B | 114.03 | 27.94% | ― | 26.94% | -57.88% | |
59 Neutral | $29.20B | 0.14 | -12.92% | 4.06% | 2.18% | -51.74% | |
57 Neutral | $3.32B | 175.88 | 3.62% | ― | -2.17% | -26.53% | |
51 Neutral | $173.20M | ― | -22.31% | ― | 10.64% | 38.48% |
* Communication Services Sector Average
Performance Comparison
ATHM
AutoHome
29.92
4.53
17.84%
ABG
Asbury
243.03
32.60
15.49%
KAR
Kar Auction Services
20.79
5.03
31.92%
TRUE
TrueCar
2.06
-1.71
-45.36%
CVNA
Carvana Co
179.29
99.62
125.04%
CARG
CarGurus
31.18
8.46
37.24%
AutoHome Earnings Call Summary
Earnings Call Date: Feb 20, 2025 | % Change Since: -0.63% | Next Earnings Date: May 21, 2025
Earnings Call Sentiment Positive
The earnings call presented a predominantly positive outlook with strong revenue growth, particularly in the NEV segment and user base expansion. However, there were challenges in operating profit and gross margin, as well as a decline in media services revenues. Despite these issues, the company's strategic initiatives and shareholder returns reflect confidence in future growth.Highlights
Significant Revenue Growth
Total revenue for 2024 reached RMB 7.04 billion, with an 8.1% year-over-year increase in revenue from online marketplace and others.
Strong NEV Business Growth
Revenues from the NEV business increased by 55.2% year-over-year in 2024, reflecting strong growth potential in this segment.
High Daily Active Users
Average mobile daily active users (DAU) exceeded 77 million in December 2024, an increase of 13.6% from the previous year.
Expansion of Offline Stores
Franchise offline stores exceeded 150, with a focus on low-tier cities. Over 1,200 cities participated in trade-in events in over 200 cities.
Technological Advancements
Integration of AI across business operations improved productivity and operational efficiency, enhancing both content creation and dealer operations.
Positive Shareholder Returns
A combination of RMB 1.5 billion in dividends was announced for the year, alongside a significant share repurchase program.
Lowlights
Decline in Operating Profit
Operating profit for the fourth quarter decreased to RMB 232 million compared to RMB 367 million in the same period last year.
Decreased Gross Margin
Gross margin in the fourth quarter was 76% compared to 80.8% during the same period of 2023.
Challenges in Media Services Revenues
Media services revenues saw a decline, though the decrease narrowed significantly in the fourth quarter.
Company Guidance
During Autohome's fourth quarter and full year 2024 earnings call, the company provided guidance highlighting significant achievements and strategic focus areas for future growth. Total revenue for 2024 reached RMB 7.04 billion, with an 8.1% year-over-year increase in revenue from online marketplace and others, which accounted for 33.8% of the total revenue. The NEV business experienced a robust growth with a 55.2% increase in revenues year-over-year. The company's adjusted net income was RMB 2.05 billion, yielding an adjusted net margin of 29.1%. Autohome announced a RMB 1.5 billion dividend for the year and repurchased approximately USD 88.5 million worth of shares. The company achieved new milestones in user growth and expanded its offline presence, with average mobile DAU surpassing 77 million in December 2024 and more than 150 franchise offline stores established. Autohome integrated AI across its operations to enhance productivity and efficiency. Looking ahead, Autohome plans to deepen its presence in low-tier markets and continue its strategic focus on integrating its online-to-offline ecosystem to drive innovation and growth.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.