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XPeng, Inc. Class A (HK:9868)
:9868
Hong Kong Market

XPeng, Inc. Class A (9868) AI Stock Analysis

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HK

XPeng, Inc. Class A

(9868)

57Neutral
XPeng's overall stock score reflects a balance of strong revenue growth and positive technical trends against the backdrop of operational losses and cash flow challenges. The company's earnings call highlighted significant achievements and future growth prospects, but increased R&D costs and current lack of profitability weigh heavily on its valuation.
Positive Factors
Earnings
Robust growth catalysts from enhanced AI technology and strong model cycle to support earnings.
Expansion
The company is now replicating its success overseas, by expanding into these markets with its advanced smart car models.
Negative Factors
Demand
Lacklustre user experience for its vision-based solutions and weak economic growth could lower demand for Xpeng electric vehicles.
User Experience
Lacklustre user experience for its vision-based solutions and weak economic growth could lower demand for XPeng EVs.

XPeng, Inc. Class A (9868) vs. S&P 500 (SPY)

XPeng, Inc. Class A Business Overview & Revenue Model

Company DescriptionXPeng Inc. is a leading Chinese electric vehicle manufacturer headquartered in Guangzhou, China. Operating in the automotive sector, the company specializes in designing, developing, and manufacturing smart electric vehicles. XPeng aims to redefine the driving experience through its innovative and high-performance vehicles, which integrate cutting-edge technology such as autonomous driving software, in-car smart operating systems, and intelligent connectivity features.
How the Company Makes MoneyXPeng Inc. generates revenue primarily through the sale of its electric vehicles. The company's key revenue streams include direct vehicle sales to consumers, which encompass various models designed for different market segments. Additionally, XPeng earns income from after-sales services, including vehicle maintenance and repairs. The company also collaborates with strategic partners to enhance its technological offerings, contributing to its revenue through licensing or joint ventures. Government subsidies for electric vehicle production and sales also play a significant role in XPeng's earnings, alongside the potential monetization of software services such as autonomous driving features and in-car applications.

XPeng, Inc. Class A Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
TTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
36.24B30.68B26.86B20.99B5.84B2.32B
Gross Profit
2.56B451.15M3.09B2.62B265.99M-558.14M
EBIT
-8.47B-10.89B-8.71B-6.58B-4.29B-3.78B
EBITDA
-7.09B-8.02B-7.58B-5.45B-2.27B-3.46B
Net Income Common Stockholders
-7.89B-10.38B-9.14B-4.86B-2.73B-3.69B
Balance SheetCash, Cash Equivalents and Short-Term Investments
31.67B31.67B30.79B39.72B33.01B2.35B
Total Assets
84.16B84.16B71.49B65.65B44.71B9.25B
Total Debt
15.39B15.39B11.07B3.24B2.29B2.62B
Net Debt
-5.74B-5.74B-3.54B-7.79B-26.92B675.16M
Total Liabilities
47.83B47.83B34.58B23.50B10.28B16.08B
Stockholders Equity
36.33B36.33B36.91B42.15B34.43B-6.83B
Cash FlowFree Cash Flow
124.29M-1.36B-12.91B-5.41B-1.50B-5.47B
Operating Cash Flow
124.29M956.16M-8.23B-1.09B-139.77M-3.56B
Investing Cash Flow
0.00631.17M4.85B-33.08B-4.41B740.30M
Financing Cash Flow
0.008.02B6.00B14.63B34.33B3.59B

XPeng, Inc. Class A Technical Analysis

Technical Analysis Sentiment
Positive
Last Price83.20
Price Trends
50DMA
80.85
Positive
100DMA
68.25
Positive
200DMA
53.95
Positive
Market Momentum
MACD
-0.20
Negative
RSI
58.16
Neutral
STOCH
58.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9868, the sentiment is Positive. The current price of 83.2 is above the 20-day moving average (MA) of 75.88, above the 50-day MA of 80.85, and above the 200-day MA of 53.95, indicating a bullish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 58.16 is Neutral, neither overbought nor oversold. The STOCH value of 58.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9868.

XPeng, Inc. Class A Risk Analysis

XPeng, Inc. Class A disclosed 115 risk factors in its most recent earnings report. XPeng, Inc. Class A 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

XPeng, Inc. Class A Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$4.69T22.8021.80%0.66%6.35%68.85%
72
Outperform
$1.24T24.9923.91%0.82%33.89%45.52%
71
Outperform
€223.13B27.2212.13%15.10%-32.75%
70
Outperform
$882.86B22.7022.27%19.90%157.52%
61
Neutral
$6.93B11.842.89%3.91%2.59%-21.68%
57
Neutral
HK$158.18B-17.14%31.85%49.52%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:9868
XPeng, Inc. Class A
78.75
47.90
155.27%
HK:3690
Meituan
137.40
15.50
12.72%
HK:1211
BYD Co
395.80
176.13
80.18%
HK:2015
Li Auto, Inc. Class A
107.90
5.40
5.27%
HK:0700
Tencent Holdings
506.00
127.47
33.68%

XPeng, Inc. Class A Earnings Call Summary

Earnings Call Date:Mar 18, 2025
(Q4-2024)
|
% Change Since: -11.25%|
Next Earnings Date:May 21, 2025
Earnings Call Sentiment Positive
The earnings call reflected a strong positive sentiment with record vehicle deliveries, financial advancements, and significant progress in AI and global expansion. However, increased R&D expenses and operational losses indicate areas that require attention.
Q4-2024 Updates
Positive Updates
Record Vehicle Deliveries
XPeng achieved a record 91,507 vehicle deliveries in a single quarter, marking significant progress in scaling and strategic execution.
Strong Free Cash Flow
Over RMB4 billion in free cash flow was generated in the second half of the year, highlighting financial strength.
Advancements in AI and Autonomous Driving
XPeng has developed a cloud-based foundational AI model with tens of billions of parameters, leveraging over 100 million kilometers of real driving data, boosting model accuracy by over 100%.
Global Expansion
XPeng's overseas vehicle sales exceeded 20,000 units in 2024, ranking first in export volume among China's emerging EV brands.
Financial Performance
Total revenues were RMB16.11 billion for Q4 2024, an increase of 23.4% year-over-year and 59.4% quarter-over-quarter.
Negative Updates
Increased R&D Expenses
R&D expenses were RMB2.01 billion for Q4 2024, representing an increase of 53.4% year-over-year and 22.9% quarter-over-quarter due to new vehicle model development.
Operational Losses
Loss from operations was RMB1.56 billion for Q4 2024, despite improvements compared to previous quarters.
Company Guidance
During the fourth quarter of fiscal year 2024, XPeng Inc. achieved notable financial and operational milestones, including record vehicle deliveries of 91,507 units and a vehicle margin increase to 10%. The company reported total revenues of RMB16.11 billion, marking a year-over-year increase of 23.4% and a quarter-over-quarter rise of 59.4%. XPeng also generated over RMB4 billion in free cash flow in the second half of the year. Looking ahead, the company forecasts first-quarter 2025 deliveries between 91,000 and 93,000 units, with anticipated revenue ranging from RMB15 billion to RMB15.7 billion, suggesting year-over-year growth of 129% to 139%. XPeng plans to further enhance its AI and autonomous driving technologies, with the goal of achieving L3 autonomous driving capabilities by late 2025 and introducing L4 capabilities in low-speed scenarios by 2026. The company is also expanding its global presence, aiming to double its international sales and establish over 300 sales and service stores worldwide in 2025.

XPeng, Inc. Class A Corporate Events

XPeng Inc. Announces AGM and New Share Incentive Scheme
May 12, 2025

XPeng Inc. has announced its upcoming Annual General Meeting (AGM) scheduled for June 27, 2025, where shareholders will consider several key resolutions. These include the adoption of the company’s 2024 financial statements, re-election of directors, and approval of a new 2025 Share Incentive Scheme aimed at enhancing shareholder value and aligning employee interests with company performance. The resolutions reflect XPeng’s strategic focus on strengthening its governance and incentivizing performance, which could positively impact its market position and stakeholder confidence.

The most recent analyst rating on (HK:9868) stock is a Sell with a HK$35.0000 price target. To see the full list of analyst forecasts on XPeng, Inc. Class A stock, see the HK:9868 Stock Forecast page.

XPeng Inc. Schedules Board Meeting to Review Q1 2025 Results
May 6, 2025

XPeng Inc. has announced a board meeting scheduled for May 21, 2025, to review and approve the company’s first-quarter financial results for the period ending March 31, 2025. The announcement includes details of an earnings conference call that will be held on the same day, providing stakeholders with insights into the company’s financial performance and strategic direction. This meeting and subsequent call are significant as they offer a glimpse into XPeng’s operational progress and market positioning in the competitive electric vehicle sector.

XPeng Inc. Achieves Record EV Deliveries and Launches New Insurance Service
May 2, 2025

XPeng Inc. reported a significant increase in vehicle deliveries for April 2025, with 35,045 Smart EVs delivered, marking a 273% year-over-year growth. The company also launched its ADAS Insurance Service in China, enhancing its offerings with additional coverage for its autonomous driving features.

XPeng Inc. Sets Record Date for 2025 Annual General Meeting
Apr 24, 2025

XPeng Inc. has announced the record date for its upcoming annual general meeting (AGM), set for May 15, 2025. Shareholders holding Class A and Class B ordinary shares as of this date will be eligible to attend and vote at the AGM. This announcement is significant for stakeholders as it outlines the procedural requirements for participation in the AGM, which is crucial for shareholder engagement and corporate governance.

XPeng Grants Over 2 Million RSUs to Employees
Apr 11, 2025

XPeng, Inc. Class A has announced the grant of 2,093,884 Restricted Share Units (RSUs) to 60 employees under its 2019 Equity Incentive Plan. This move, which does not require shareholder approval, is part of the company’s strategy to incentivize its workforce, with the RSUs vesting over a four-year period. The Hong Kong Stock Exchange has approved the listing of the new shares, and the grants are not subject to performance targets, but include clawback mechanisms in cases of termination for cause.

XPeng Inc. Achieves Record EV Deliveries and Expands Global Presence
Apr 1, 2025

XPeng Inc. reported significant growth in vehicle deliveries for March and the first quarter of 2025, with a 268% year-over-year increase in March and a 331% increase for the quarter. The company also launched new versions of its G6 and G9 models, equipped with advanced AI-driven features, and expanded its market presence by entering Indonesia. These developments highlight XPeng’s strong market performance and strategic expansion efforts, positioning it as a competitive player in the global EV market.

XPeng Announces Proposed Grant of RSUs to CEO Under New Incentive Scheme
Mar 19, 2025

XPeng, Inc. Class A has announced a proposed grant of 28,506,786 restricted share units (RSUs) to Mr. He, the chairman and CEO, under the 2025 Share Incentive Scheme. The grant is contingent upon shareholder approval and the achievement of specific stock price performance targets over a 12-month vesting period. This move aims to align the interests of the company’s leadership with its long-term market performance goals, potentially impacting its market positioning and shareholder value.

XPeng Inc. Reports Strong 2024 Financial Results with Increased Deliveries and Revenue
Mar 18, 2025

XPeng Inc. reported significant growth in its 2024 financial results, with a 34.2% increase in vehicle deliveries and a 33.2% rise in total revenues compared to the previous year. The company improved its gross margin to 14.3% and reduced its net loss, reflecting advancements in operational efficiency and market positioning. XPeng’s management highlighted ongoing technological advancements and a commitment to expanding its market presence, with expectations of maintaining R&D investment and enhancing profitability in 2025.

XPeng Inc. Reports Robust Growth in Q4 and Fiscal Year 2024
Mar 18, 2025

XPeng Inc. reported a strong financial performance for the fourth quarter and fiscal year 2024, with significant increases in revenue, vehicle deliveries, and gross margins. The company achieved a 59.4% quarter-over-quarter increase in total revenues and a 34.2% year-over-year increase in vehicle deliveries, highlighting its robust growth and improved market positioning.

XPeng Inc. Reports 570% Increase in February 2025 EV Deliveries
Mar 3, 2025

XPeng Inc. announced a significant increase in vehicle deliveries for February 2025, with 30,453 Smart EVs delivered, marking a 570% year-over-year growth. The XPENG MONA M03 and P7+ models have shown strong performance, with the latter achieving over 30,000 cumulative deliveries in its first three months. The company also reported high user engagement with its smart driving features, and plans to develop its Turing AI Smart Driving system for international markets. Additionally, the 2025 Edition of XPENG G6 was introduced to the China market, featuring advanced designs and technologies.

XPeng Inc. Schedules Board Meeting to Announce 2024 Financial Results
Mar 3, 2025

XPeng Inc. has announced a board meeting scheduled for March 18, 2025, to review and approve the company’s fourth-quarter and annual results for 2024. The announcement includes details of an earnings conference call, indicating the company’s commitment to transparency and communication with stakeholders, which may impact its market positioning and investor relations.

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.