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AutoHome
(NYSE:ATHM)
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Rating:75Outperform
Price Target:
$25.00
▲(18.43% Upside)
Action:Reiterated
Date:08/20/26
The score is primarily supported by strong financial quality (especially the very low-leverage balance sheet) and highly attractive valuation (low P/E and high dividend yield). These positives are tempered by profitability/cash-flow softness versus prior years and a mixed—but generally constructive—technical backdrop. The latest earnings call adds both support (shareholder returns, strategic initiatives) and caution (material profit/EPS declines and weak auto-market demand).
Positive Factors
Conservative Balance Sheet and Strong Liquidity
Minimal leverage and substantial liquidity reduce financial risk, preserve flexibility for product investment and acquisitions, and support continued dividends and buybacks through weaker auto-market conditions.
Negative Factors
Sustained Profitability Compression
The multi-year margin decline and sharp operating-profit drop indicate that historical profitability advantages have weakened. Persistent pressure could limit reinvestment capacity and reduce the earnings contribution from future revenue growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet and Strong Liquidity
Minimal leverage and substantial liquidity reduce financial risk, preserve flexibility for product investment and acquisitions, and support continued dividends and buybacks through weaker auto-market conditions.
Read all positive factors
AutoHome (ATHM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.71B
Dividend Yield8.47%
Average Volume (3M)688.87K
Price to Earnings (P/E)4.7
Beta (1Y)0.65
Revenue Growth-16.67%
EPS Growth-32.32%
CountryUS
Employees4,242
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)25.70
Shares Outstanding127,346,900
10 Day Avg. Volume554,801
30 Day Avg. Volume688,867
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.79
Price to Sales (P/S)2.92
P/FCF Ratio23.72
Enterprise Value/Market Cap>-0.01
Enterprise Value/Revenue>-0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$20.50Price Target Upside-2.89% Downside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)7.63
Revenue Forecast (FY)$5.08B
AutoHome Business Overview & Revenue Model
Company Description
Autohome Inc. functions as a premier digital hub for automotive enthusiasts and buyers across the People's Republic of China. The company delivers a wealth of interactive content and practical tools via its three core websites—autohome.com.cn, che...
AutoHome Earnings Call Summary
Earnings Call Date:Aug 20, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Neutral
The call presents a balanced picture: Autohome shows solid strategic and operational progress (AI agent launch, new retail pilots, used-car export qualification, content traction, improved gross margin, strong cash position and aggressive buybacks/dividend policy). However, these positives are tempered by meaningful declines in operating profit, adjusted net income and EPS, and by a weak domestic auto market that pressures lead generation and transaction volumes. Short-term financial performance is weaker, but the company emphasizes long-term strategic investments and shareholder returns.Positive Updates
Strong Cash Position and Shareholder Returns
Cash, cash equivalents, short-term and long-term investments totaled RMB 19.36 billion as of June 30, 2026; net operating cash flow of RMB 261 million in Q2. Completed USD 200 million share buyback ahead of schedule (approx. 10.63 million ADS repurchased) and announced a new USD 400 million repurchase program (approx. USD 43.6 million / 1.9 million ADS repurchased as of Aug 14, ~10.9% of new program). Distributed RMB 500 million cash dividend for H1 and reaffirmed commitment to at least RMB 1.5 billion in cash dividends for the full year.
Negative Updates
Significant Decline in Operating Profit and Net Income
Operating profit fell to RMB 130 million in Q2 from RMB 297 million a year ago (down ~56.2% YoY). Adjusted net income attributable to Autohome decreased to RMB 277 million from RMB 476 million (down ~41.8% YoY).
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Cash Position and Shareholder Returns
Cash, cash equivalents, short-term and long-term investments totaled RMB 19.36 billion as of June 30, 2026; net operating cash flow of RMB 261 million in Q2. Completed USD 200 million share buyback ahead of schedule (approx. 10.63 million ADS repurchased) and announced a new USD 400 million repurchase program (approx. USD 43.6 million / 1.9 million ADS repurchased as of Aug 14, ~10.9% of new program). Distributed RMB 500 million cash dividend for H1 and reaffirmed commitment to at least RMB 1.5 billion in cash dividends for the full year.
Read all positive updates
Company Guidance
Management guided that the second half will likely see continued domestic weakness but structural winners as exports and higher‑end NEVs outperform, citing CPCA's -16% full‑year passenger vehicle retail sales forecast (below 20m units), H1 retail sales -20% YTD7, Q2 new vehicle sales -22% YoY, Q2 NEV sales -8% YoY vs ICE -38% YoY, auto manufacturing profit -20% H1 with a 3.8% margin, and rising NEV penetration from 60% in April to 65% in July while exports surged (PV exports +74% in first 7 months; NEV exports +124%). To navigate this, Autohome will push new retail and offline fulfillment (online pilot expanded from 2 to 5 cities after >400 dealers joined, >1,000 models listed and >1,000 transactions in 70 days; Autohome Good Car now has >100 franchise stores), scale used‑car exports after completing the first cross‑border order, and roll out AI (Cheese Car Butler public beta) while improving inspection rigor (inspection items up from 128 to 265, incl. 82 NEV items). Management reiterated a strong shareholder‑return stance—completing the USD 200m buyback (~10.63m ADS), launching a new USD 400m repurchase (12 months; ~1.9m ADS / ~USD 43.6m repurchased as of Aug 14), distributing a RMB 500m H1 dividend and committing to at least RMB 1.5bn of cash dividends for the year—backed by a solid balance sheet (RMB 19.36bn cash, equivalents & investments; Q2 net operating cash flow RMB 261m) and ongoing product and traffic investments to capture lifecycle value.AutoHome Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.05B | 6.28B | 7.04B | 7.18B | 6.94B | 7.24B |
| Gross Profit | 4.32B | 4.54B | 5.56B | 5.77B | 5.71B | 6.19B |
| EBITDA | 1.46B | 1.67B | 1.93B | 2.35B | 2.19B | 2.61B |
| Net Income | 1.28B | 1.40B | 1.79B | 2.03B | 1.94B | 2.56B |
Balance Sheet | ||||||
| Total Assets | 27.19B | 28.31B | 30.22B | 30.84B | 29.72B | 28.40B |
| Cash, Cash Equivalents and Short-Term Investments | 18.41B | 19.24B | 23.32B | 23.55B | 22.08B | 20.73B |
| Total Debt | 56.39M | 42.15M | 94.16M | 196.14M | 110.39M | 124.78M |
| Total Liabilities | 3.03B | 4.01B | 5.02B | 5.66B | 4.63B | 4.59B |
| Stockholders Equity | 22.92B | 23.04B | 23.95B | 23.93B | 23.89B | 22.62B |
Cash Flow | ||||||
| Free Cash Flow | 771.40M | 771.40M | 1.23B | 2.37B | 2.45B | 3.30B |
| Operating Cash Flow | 889.46M | 889.46M | 1.37B | 2.45B | 2.57B | 3.52B |
| Investing Cash Flow | 2.15B | 2.15B | -3.05B | 1.00B | -3.11B | -3.81B |
| Financing Cash Flow | -2.53B | -2.53B | -1.70B | -1.12B | -1.14B | 2.90B |
AutoHome Technical Analysis
Neutral
21.11
Price Trends
20.84
Positive
19.10
Positive
19.83
Positive
Market Momentum
0.25
Positive
46.98
Neutral
44.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATHM, the sentiment is Neutral. The current price of 21.11 is below the 20-day moving average (MA) of 22.65, above the 50-day MA of 20.84, and above the 200-day MA of 19.83, indicating a neutral trend. The MACD of 0.25 indicates Positive momentum. The RSI at 46.98 is Neutral, neither overbought nor oversold. The STOCH value of 44.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $938.08M | 8.37 | 50.29% | ― | 22.75% | 144.55% | |
79 Outperform | $3.31B | 19.90 | 56.25% | ― | 6.01% | 47.62% | |
75 Outperform | $2.71B | 4.73 | 5.45% | 8.72% | -16.67% | -32.32% | |
75 Outperform | $1.68B | 13.77 | 12.78% | 4.33% | 23.24% | 75.74% | |
66 Neutral | $8.37B | 162.39 | 1.18% | ― | 17.67% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
ATHM
AutoHome
21.72
-3.86
-15.09%
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OPRA
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AutoHome Corporate Events
Autohome Launches 2026 Share Incentive Plan to Align Management with Shareholders
May 29, 2026
Autohome Inc. announced that its board of directors and compensation committee have approved the adoption of a 2026 Share Incentive Plan as of May 29, 2026. The plan authorizes the issuance of up to 31,200,000 ordinary shares for incentive awards,...
Autohome Sets June 23, 2026 AGM After Filing 2025 Annual Reports in U.S. and Hong Kong
May 28, 2026
Autohome Inc., the Chinese online auto platform, is convening its annual general meeting of shareholders in Beijing on June 23, 2026, with record ownership for ordinary shares and ADSs set as of the close of business on May 27, 2026. The meeting, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.