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Li Auto, Inc. Class A
(2015)
Select Model
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Rating:43Neutral
Price Target:
HK$46.00
▼(-35.62% Downside)
Action:Reiterated
Date:07/13/26
The score is primarily pressured by weakening financial performance—profitability has turned to a TTM loss and cash flow is deeply negative—raising execution and funding-risk concerns despite a moderately levered balance sheet. Technicals reinforce the caution, with price below major moving averages and negative MACD. Valuation is not compelling given negative earnings and no dividend support.
Positive Factors
Balance sheet strength
Leverage around 0.23–0.27 and sizeable shareholders' equity provide a structural financial cushion. This allows the company to absorb short-term operating losses, sustain investment in product development and service networks, and reduces immediate refinancing pressure while management executes a recovery plan.
Negative Factors
Profitability deterioration
Margins compressed sharply from ~22% in 2023 to ~16% TTM and the company moved to a net loss. Sustained margin erosion undermines the business’s ability to self-fund R&D and capacity, increasing the risk that structural cost or pricing pressures will impair long-term competitiveness and return generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Leverage around 0.23–0.27 and sizeable shareholders' equity provide a structural financial cushion. This allows the company to absorb short-term operating losses, sustain investment in product development and service networks, and reduces immediate refinancing pressure while management executes a recovery plan.
Read all positive factors
Li Auto, Inc. Class A (2015) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$95.55B
Dividend YieldN/A
Average Volume (3M)16.61M
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue Growth-23.28%
EPS Growth-123.34%
CountryHK
Employees30,728
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.89
Shares Outstanding1,781,472,700
10 Day Avg. Volume14,626,907
30 Day Avg. Volume16,610,116
Financial Highlights & Ratios
PEG Ratio-1.23
Price to Book (P/B)1.62
Price to Sales (P/S)1.07
P/FCF Ratio-9.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$73.43Price Target Upside2.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)0.21
Revenue Forecast (FY)HK$142.86B
Li Auto, Inc. Class A Business Overview & Revenue Model
Company Description
Operating within the People's Republic of China, Li Auto Inc. and its affiliated companies specialize in the conceptualization, engineering, manufacturing, and distribution of new energy vehicles. A prominent product is the Li ONE, a sophisticated...
How the Company Makes Money
Li Auto primarily makes money by selling vehicles to customers, with vehicle sales forming its core revenue stream. In addition, it generates revenue from services and other sources associated with vehicle ownership and delivery (for example, cust...
Li Auto, Inc. Class A Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 108.74B | 109.41B | 144.46B | 123.85B | 45.29B | 27.01B |
| Gross Profit | 17.38B | 20.44B | 29.66B | 27.50B | 8.79B | 5.76B |
| EBITDA | -1.99B | 767.53M | 10.08B | 9.21B | -839.16M | 500.83M |
| Net Income | -1.79B | 1.10B | 8.03B | 11.70B | -2.01B | -321.45M |
Balance Sheet | ||||||
| Total Assets | 144.08B | 154.36B | 162.35B | 143.47B | 86.54B | 61.85B |
| Cash, Cash Equivalents and Short-Term Investments | 92.85B | 101.28B | 112.81B | 103.26B | 56.51B | 47.52B |
| Total Debt | 17.68B | 17.82B | 16.34B | 13.55B | 12.26B | 7.84B |
| Total Liabilities | 73.71B | 80.75B | 91.03B | 82.89B | 41.35B | 20.78B |
| Stockholders Equity | 69.84B | 72.65B | 70.87B | 60.14B | 44.86B | 41.06B |
Cash Flow | ||||||
| Free Cash Flow | -18.50B | -12.82B | 8.20B | 44.19B | 2.25B | 4.90B |
| Operating Cash Flow | -13.00B | -8.61B | 15.93B | 50.69B | 7.38B | 8.34B |
| Investing Cash Flow | 2.08B | -703.13M | -41.14B | -12.07M | -4.36B | -4.26B |
| Financing Cash Flow | 1.04B | 767.40M | -415.65M | 185.38M | 5.64B | 16.71B |
Li Auto, Inc. Class A Technical Analysis
Negative
71.45
Price Trends
58.64
Negative
64.48
Negative
70.69
Negative
Market Momentum
-3.37
Negative
37.32
Neutral
58.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2015, the sentiment is Negative. The current price of 71.45 is above the 20-day moving average (MA) of 49.63, above the 50-day MA of 58.64, and above the 200-day MA of 70.69, indicating a bearish trend. The MACD of -3.37 indicates Negative momentum. The RSI at 37.32 is Neutral, neither overbought nor oversold. The STOCH value of 58.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2015.
Li Auto, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$202.21B | 9.87 | 18.03% | 1.95% | 39.48% | -27.45% | |
61 Neutral | HK$130.13B | 14.26 | 10.49% | 3.41% | 17.13% | -18.63% | |
58 Neutral | HK$841.04B | 29.70 | 11.86% | 1.55% | -3.19% | -40.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | HK$98.01B | -37.80 | -7.56% | ― | 50.00% | 54.46% | |
49 Neutral | HK$95.66B | -8.14 | -328.93% | ― | 51.57% | 66.02% | |
43 Neutral | HK$95.55B | -46.14 | -2.49% | ― | -23.28% | -123.34% |
* General Sector Average
HK:2015
Li Auto, Inc. Class A
47.20
-64.30
-57.67%
HK:1211
BYD Co
83.95
-35.88
-29.94%
HK:0175
Geely Automobile Holdings
18.17
0.65
3.73%
HK:2333
Great Wall Motor Co
8.52
-3.98
-31.85%
HK:9866
NIO Inc. Class A
37.40
5.05
15.61%
HK:9868
XPeng, Inc. Class A
50.80
-18.05
-26.22%
Li Auto, Inc. Class A Corporate Events
Li Auto Boosts June Deliveries and Expands Flagship EV Lineup in China
Jul 1, 2026
Li Auto Inc., a major Chinese new energy vehicle maker focused on premium smart EVs for families, continues to expand both its extended-range and battery electric platforms. The company leverages in-house technology for range extension, EV systems...
Li Auto Posts Strong May Deliveries and Accelerates New Model Rollout
Jun 1, 2026
Li Auto reported May 2026 deliveries of 33,350 vehicles, bringing cumulative deliveries to 1,702,792 as it continues to scale in China’s competitive new energy vehicle market. Monthly deliveries of the Li i6 have surpassed 20,000 units since...
Li Auto Shareholders Approve All AGM Resolutions, Reaffirm Board Lineup
May 29, 2026
Li Auto Inc., a leading Chinese smart electric vehicle maker listed in the U.S. and Hong Kong, develops premium, technology-driven new energy vehicles aimed at the family segment of the market. The company operates with a dual-class share structur...
Li Auto Posts Unaudited Q1 2026 Results and Cautions Investors on NEV Market Risks
May 28, 2026
Li Auto has released its unaudited condensed consolidated financial results for the quarter ended March 31, 2026, prepared under U.S. Generally Accepted Accounting Principles rather than International Financial Reporting Standards. The company not...
Li Auto Posts Strong April Deliveries and Showcases New L9 Model as Network Expands
May 3, 2026
Li Auto Inc., a leading Chinese new energy vehicle maker, focuses on premium smart electric vehicles for families, with strengths in extended-range electric vehicles and growing battery electric offerings. Since starting volume production in 2019,...
Li Auto Sets 2026 AGM to Approve Accounts, Board Mandates and Share Issuance Authority
Apr 21, 2026
Li Auto Inc. has scheduled its annual general meeting for May 29, 2026, in Beijing, where shareholders will review and adopt the audited consolidated financial statements for the year ended December 31, 2025. The meeting will also consider the re-...
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.