AutoHome (ATHM) AI Stock Analysis

• Market Cap: $3.09B
• Dividend Yield: 6.98%
• Average Volume (3M): 289.77K
• Price to Earnings (P/E): 14.6
• Beta (1Y): 0.61
• Revenue Growth: -5.54%
• EPS Growth: -14.30%
• Country: US
• Employees: 4,345
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): 0.50
• Shares Outstanding: 127,346,900
• 10 Day Avg. Volume: 338,943
• 30 Day Avg. Volume: 289,770
• PEG Ratio: -0.27
• Price to Book (P/B): 0.27
• Price to Sales (P/S): 0.91
• P/FCF Ratio: 5.17
• Enterprise Value/Market Cap: 0.04
• Enterprise Value/Revenue: 0.02
• Enterprise Value/Gross Profit: 0.03
• Enterprise Value/Ebitda: 0.10
• 1Y Price Target: $28.50
• Price Target Upside: 14.37% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: $27.00 ▲(8.35% Upside)

AutoHome's overall stock score reflects a solid financial foundation and attractive valuation, offset by bearish technical indicators and challenges highlighted in the earnings call. The company's strategic focus on AI and O2O offers growth potential, but declining revenue and profitability remain concerns.

Positive Factors

AI and O2O Strategy Advancements

The integration of AI and development of O2O strategies can drive long-term growth by enhancing user engagement and operational efficiency, positioning Autohome as a leader in digital automotive services.

Strong Balance Sheet

A strong balance sheet with substantial cash reserves provides financial stability and flexibility, enabling Autohome to invest in strategic initiatives and weather economic uncertainties.

Increase in NEV Revenues

Significant growth in NEV revenues indicates successful adaptation to market trends and positions Autohome to capitalize on the growing demand for new energy vehicles.

Negative Factors

Declining Revenue

A declining revenue trend over several years suggests challenges in maintaining market share and growth, potentially impacting long-term financial performance.

Lower Gross Margin

A declining gross margin indicates increased costs or pricing pressures, which can reduce profitability and limit the company's ability to invest in growth initiatives.

Challenges in the Used Car Market

Difficulties in the used car market, including price wars and high costs, could hinder Autohome's ability to profit from this segment, affecting overall revenue diversification.

AutoHome Business Overview & Revenue Model

Company Description

AutoHome (ATHM) is a leading online platform in China that provides comprehensive information and services related to the automotive industry. The company operates primarily in the automotive sector, offering a range of services including new and used car listings, automotive news, reviews, and research tools for consumers. AutoHome also provides a platform for dealerships and manufacturers to connect with potential buyers, enhancing the overall car buying experience through its extensive database and user-friendly interface.

How the Company Makes Money

AutoHome generates revenue through several key streams. Primarily, the company earns money from advertising services, where automotive manufacturers and dealerships pay to promote their brands and listings on the AutoHome platform. Additionally, AutoHome charges fees for premium listings and enhanced visibility for dealerships looking to attract more customers. The company also monetizes its platform through lead generation, where it connects potential car buyers with dealerships, earning referral fees for successful transactions. Strategic partnerships with automotive manufacturers and other industry stakeholders further bolster its revenue, as these collaborations often lead to exclusive promotional opportunities and shared marketing initiatives.

AutoHome Financial Statement Overview

Summary

AutoHome's financial performance is mixed. While the company maintains strong gross and EBITDA margins and a robust balance sheet with minimal debt, it faces challenges with declining revenue and profitability. The absence of cash flow data for 2024 raises concerns about cash flow sustainability.

Income Statement

AutoHome's income statement reveals a mixed performance. The company has shown a decline in total revenue from 2020 to 2024, with revenue decreasing from 8.66 billion in 2020 to 7.04 billion in 2024. This indicates a negative revenue growth trend. However, the gross profit margin remains strong at 78.9% in 2024, reflecting good cost control. The net profit margin declined to 25.5% in 2024 from higher levels in previous years, suggesting challenges in profitability. Despite these challenges, the company maintains a healthy EBITDA margin of 17.7% in 2024, showcasing operational efficiency.

Balance Sheet

AutoHome's balance sheet is robust with a high equity ratio of 79.2% in 2024, indicating financial stability and a low reliance on debt. The debt-to-equity ratio is minimal at 0.001, which suggests prudent financial management with negligible debt levels. The return on equity has decreased over the years, standing at 7.5% in 2024, reflecting lower profitability relative to equity. Nonetheless, the company has maintained substantial stockholders' equity over the years, highlighting long-term financial strength.

Cash Flow

The cash flow statement shows that AutoHome's operating cash flow has been positive, although it dropped to zero in 2024, signaling potential issues in cash generation. Free cash flow has been strong historically, but the lack of data for 2024 limits analysis. The operating cash flow to net income ratio was strong in previous years, indicating effective cash conversion from profits, yet the absence of these metrics in 2024 raises concerns about cash flow sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.76B	7.04B	7.18B	6.94B	7.24B	8.66B
Gross Profit	4.87B	5.56B	5.77B	5.71B	6.19B	7.70B
EBITDA	1.24B	1.25B	1.49B	1.67B	2.21B	3.32B
Net Income	1.60B	1.79B	2.03B	1.94B	2.56B	3.28B
Balance Sheet
Total Assets	28.77B	30.22B	30.84B	29.72B	28.40B	23.73B
Cash, Cash Equivalents and Short-Term Investments	21.89B	23.32B	23.55B	22.08B	20.73B	14.63B
Total Debt	32.09M	96.71M	196.14M	110.39M	124.78M	202.71M
Total Liabilities	3.45B	5.02B	5.66B	4.63B	4.59B	4.92B
Stockholders Equity	24.07B	23.95B	23.93B	23.89B	22.62B	17.63B
Cash Flow
Free Cash Flow	0.00	1.23B	2.37B	2.45B	3.30B	3.06B
Operating Cash Flow	0.00	1.37B	2.45B	2.57B	3.52B	3.33B
Investing Cash Flow	0.00	-3.05B	1.00B	-3.11B	-3.81B	-2.99B
Financing Cash Flow	0.00	-1.70B	-1.12B	-1.14B	2.90B	-546.97M

AutoHome Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 24.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATHM, the sentiment is Negative. The current price of 24.92 is below the 20-day moving average (MA) of 25.79, below the 50-day MA of 27.17, and below the 200-day MA of 26.95, indicating a bearish trend. The MACD of -0.70 indicates Positive momentum. The RSI at 38.78 is Neutral, neither overbought nor oversold. The STOCH value of 39.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ATHM.

AutoHome Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVER	73 Outperform	$924.07M	17.96	36.81%	―	57.83%	293.63%
OPRA	72 Outperform	$1.25B	15.34	8.73%	5.68%	30.00%	-9.72%
CARG	68 Neutral	$3.38B	23.47	35.39%	―	4.21%	―
ATHM	68 Neutral	$3.09B	14.65	5.87%	6.98%	-5.54%	-14.30%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
Z	59 Neutral	$17.57B	―	-0.66%	―	15.17%	75.90%
TRUE	50 Neutral	$194.58M	-6.55	-15.37%	―	6.18%	28.04%

AutoHome Corporate Events

Autohome Reports Q3 2025 Financial Results and Announces Dividend

Autohome Inc. announced its unaudited financial results for the third quarter of 2025, reporting net revenues of RMB1,778.1 million, a slight increase from the previous year. The company has made significant strides in AI integration and O2O platform development, including the soft launch of Autohome Mall, contributing to a 32.1% year-over-year increase in online marketplace revenues. Despite a slight decline in net income compared to 2024, Autohome continues to focus on content diversification and user growth, with daily active users increasing by 5.1% year-over-year. The company also announced a cash dividend of US$1.20 per ADS, reflecting a total cash dividend of approximately RMB1.5 billion for 2025.

Autohome Inc. Declares Cash Dividend Amid Strong Financial Outlook

On September 30, 2025, Autohome Inc. announced a cash dividend of US$0.5900 per ADS, reflecting its strong financial position and confidence in future growth. The dividend, amounting to approximately RMB0.5 billion, will be distributed to shareholders of record as of October 20, 2025, with payments expected in mid-November. This move underscores Autohome’s commitment to delivering value to its shareholders and highlights its robust cash flow and growth prospects.

Autohome Inc. Announces Major Share Transfer and Leadership Changes

On August 27, 2025, Autohome Inc. announced the completion of a significant share transfer, resulting in CARTECH becoming the controlling shareholder with 43% of shares, while Yun Chen’s stake reduced to 5.1%. This change in ownership led to a reshuffling of the company’s board, with Mr. Chi Liu appointed as Chairman and CEO, among other new appointments. The company also formed a Compliance Management Committee to enhance its compliance and risk management systems. These changes are expected to impact Autohome’s strategic direction and governance, potentially influencing its market positioning and stakeholder relationships.

Autohome Extends Share Repurchase Program Through 2025

On August 14, 2025, Autohome Inc. announced an extension of its share repurchase program through December 31, 2025. Initially authorized in September 2024, the program allows for the repurchase of up to $200 million of its American depositary shares. As of August 8, 2025, the company had repurchased 5,422,647 ADSs for approximately $144 million. The extension is expected to be funded from existing cash balances, with repurchases made through various market transactions. This move reflects Autohome’s strategic focus on optimizing shareholder value and maintaining a robust financial position.