AutoHome Inc. (ATHM)
NYSE:ATHM
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AutoHome
(NYSE:ATHM)
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Rating:73Outperform
Price Target:
$21.00
▲(12.18% Upside)
Action:UpgradedDate:04/21/26
The score is primarily supported by strong financial resilience (low leverage, high margins) and shareholder-return/valuation support (high dividend yield and moderate P/E). These positives are tempered by weakening profitability and cash flow versus earlier years, a mixed-to-weak longer-term technical trend, and a cautious 2026 industry backdrop highlighted on the earnings call.
Positive Factors
Conservative balance sheet & large liquidity
Very low leverage and a RMB21.36B cash/financial-products position provide durable financial flexibility. This reduces solvency risk in cyclical auto markets, supports sustained dividends and buybacks, and funds strategic investments (AI/O2O) without relying on external financing over the next several quarters.
Negative Factors
Multi-year margin compression and profit decline
Sustained margin erosion and sharp quarterly profit drops indicate structural pressure on operating profitability. If margin recovery stalls, it will limit reinvestment capacity and weaken returns on a large equity base, making dividends and buybacks harder to maintain as operational headwinds persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet & large liquidity
Very low leverage and a RMB21.36B cash/financial-products position provide durable financial flexibility. This reduces solvency risk in cyclical auto markets, supports sustained dividends and buybacks, and funds strategic investments (AI/O2O) without relying on external financing over the next several quarters.
Read all positive factors
AutoHome (ATHM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.26B
Dividend Yield0%
Average Volume (3M)688.87K
Price to Earnings (P/E)13.0
Beta (1Y)0.71
Revenue Growth-8.24%
EPS Growth-11.76%
CountryUS
Employees4,345
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.28
Shares Outstanding127,346,900
10 Day Avg. Volume554,801
30 Day Avg. Volume688,867
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.79
Price to Sales (P/S)2.92
P/FCF Ratio23.72
Enterprise Value/Market Cap0.63
Enterprise Value/Revenue0.23
Enterprise Value/Gross Profit0.31
Enterprise Value/Ebitda1.90
Forecast
1Y Price Target
$19.35Price Target Upside3.37% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)9.63
Revenue Forecast (FY)$6.06B
AutoHome Business Overview & Revenue Model
Company Description
Autohome Inc. operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttp...
AutoHome Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The call highlighted durable full-year revenue growth (+8.8%), strong NEV-related growth (+30.2%), a very healthy cash position (RMB 21.36 billion), active buybacks and meaningful AI and O2O progress (new LLM, Autohome Mall, creator ecosystem). However, near-term profitability and quarterly earnings were notably weaker (Q4 operating profit and EPS down significantly), dealer-side challenges persist (dealer count down ~5%, >70% loss-making), and the macro auto market outlook is subdued. Overall, the company shows solid strategic progress and balance-sheet strength but faces meaningful near-term operational and industry headwinds, producing a balanced/mixed outlook.Positive Updates
Full-Year Revenue Growth
Total revenues for FY2025 were RMB 6.45 billion, representing an 8.8% year-over-year increase. Revenue breakdown: media services RMB 1.15 billion, lead generation RMB 2.71 billion, online marketplace & others RMB 2.59 billion.
Negative Updates
Significant Q4 Profitability Decline
Q4 operating profit fell to RMB 92 million from RMB 232 million in Q4 2024 (down ~60.3%). Adjusted net income for the quarter fell to RMB 304 million from RMB 487 million (down ~37.6%).
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Revenue Growth
Total revenues for FY2025 were RMB 6.45 billion, representing an 8.8% year-over-year increase. Revenue breakdown: media services RMB 1.15 billion, lead generation RMB 2.71 billion, online marketplace & others RMB 2.59 billion.
Read all positive updates
Company Guidance
Autohome guided that 2026 industry growth should be only slight/modest (CPCA and CAAM ~1% YoY), with auto sector profitability under pressure (sector margin ~4.1% in 2025 vs 4.3% prior) as NEV purchase tax incentives phase out and subsidies move to variable; the company intends to lean on O2O and AI to grow transactions (Autohome Mall has 23 brand partners) and will track brand count, offline channel coverage and transaction volume as key metrics. Management reiterated a shareholder return framework of at least RMB1.5 billion in cash dividends for the year and a new ADS buyback authorization of up to USD200 million over 18 months (after repurchasing ~7.12 million ADS for ~USD185 million under the prior program). Recent operating and financial KPIs cited as context include Q4 revenues RMB1.46 billion (media RMB334M, lead gen RMB68M, online marketplace & others RMB408M), Q4 gross margin 78.2% (vs 76.0% prior), Q4 operating profit RMB92M, Q4 non‑GAAP EPS RMB0.65 (basic/diluted), FY2025 revenues RMB6.45 billion (+8.8% YoY; media RMB1.15B, lead gen RMB2.71B, marketplace RMB2.59B), NEV‑related revenue +30.2% YoY, adjusted FY net income RMB1.61 billion (adjusted net margin 24.9%), cash & equivalents/short‑ & long‑term financial products RMB21.36 billion, 2025 net operating cash flow RMB0.89 billion, average mobile DAU Dec 2025 77.51 million, and operational metrics including 5,000+ offline events, 2,500+ creators on Autohome Wanxiang, 500+ KOLs/KOCs in MCN, 100M+ new media reach, 9 inspection partners and 500,000+ standardized vehicle inspections.AutoHome Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.28B | 7.04B | 7.18B | 6.94B | 7.24B |
| Gross Profit | 4.54B | 5.56B | 5.77B | 5.71B | 6.19B |
| EBITDA | 732.11M | 1.25B | 1.49B | 1.67B | 2.21B |
| Net Income | 1.40B | 1.79B | 2.03B | 1.94B | 2.56B |
Balance Sheet | |||||
| Total Assets | 28.33B | 30.22B | 30.84B | 29.72B | 28.40B |
| Cash, Cash Equivalents and Short-Term Investments | 19.33B | 23.32B | 23.55B | 22.08B | 20.73B |
| Total Debt | 0.00 | 96.71M | 196.14M | 110.39M | 124.78M |
| Total Liabilities | 4.02B | 5.02B | 5.66B | 4.63B | 4.59B |
| Stockholders Equity | 23.06B | 23.95B | 23.93B | 23.89B | 22.62B |
Cash Flow | |||||
| Free Cash Flow | 771.40M | 1.23B | 2.37B | 2.45B | 3.30B |
| Operating Cash Flow | 889.46M | 1.37B | 2.45B | 2.57B | 3.52B |
| Investing Cash Flow | 2.15B | -3.05B | 1.00B | -3.11B | -3.81B |
| Financing Cash Flow | -2.53B | -1.70B | -1.12B | -1.14B | 2.90B |
AutoHome Technical Analysis
Negative
18.72
Price Trends
19.04
Negative
21.03
Negative
24.05
Negative
Market Momentum
-0.14
Negative
56.40
Neutral
90.56
Negative
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 18.72 is above the 20-day moving average (MA) of 17.76, below the 50-day MA of 19.04, and below the 200-day MA of 24.05, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 56.40 is Neutral, neither overbought nor oversold. The STOCH value of 90.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
84 Outperform | $1.66B | 13.01 | 11.26% | 5.47% | 24.83% | 73.88% | |
74 Outperform | $512.56M | 9.83 | 54.21% | ― | 38.45% | 200.67% | |
73 Outperform | $2.26B | 13.04 | 3.51% | 0.00% | -8.24% | -11.76% | |
71 Outperform | $3.34B | 23.44 | 39.29% | ― | 4.99% | 705.09% | |
62 Neutral | $10.38B | 717.59 | 0.47% | ― | 15.52% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
ATHM
AutoHome
18.60
-7.72
-29.32%
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EVER
EverQuote
14.49
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OPRA
Opera
18.53
1.93
11.64%
AutoHome Corporate Events
Autohome Details U.S. GAAP–IFRS Reconciliation in 2025 Annual Filings
Apr 15, 2026
On April 15, 2026, Autohome filed its Form 20-F annual report for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission and, on the same date Hong Kong time, released its 2025 annual report in Hong Kong. To meet Hong Ko...
Autohome Releases 2025 ESG Report, Underscoring Sustainable Growth Strategy
Apr 8, 2026
On April 8, 2026, Autohome Inc., China’s leading online destination for automobile consumers, released its 2025 Environmental, Social and Governance report detailing its long-term ESG strategy. The report highlights progress in corporate gov...
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.