Li Auto, Inc. (LI)
NASDAQ:LI
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Li Auto
(NASDAQ:LI)
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Rating:55Neutral
Price Target:
$16.50
▼(-6.14% Downside)
Action:ReiteratedDate:12/02/25
Li Auto's overall stock score reflects a combination of mixed financial performance, bearish technical indicators, and a relatively high valuation. The company's strong balance sheet is a positive factor, but liquidity challenges and declining revenue growth weigh heavily on the score. The technical analysis indicates a bearish trend, further impacting the overall score. The absence of a dividend yield and a high P/E ratio suggest limited valuation appeal.
Positive Factors
Balance Sheet Strength
A low debt-to-equity ratio of 0.23 signals conservative leverage and financial resilience, giving Li Auto flexibility to fund R&D, capex and international expansion without heavy refinancing. This durable capital structure reduces solvency risk across economic cycles.
Negative Factors
Revenue Decline
A 36% YoY revenue drop reflects weakening demand or execution issues and materially reduces the company’s ability to scale fixed-costs and invest organically. If persistent, this trend pressures margins, slows product investment and undermines long-term growth trajectories.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A low debt-to-equity ratio of 0.23 signals conservative leverage and financial resilience, giving Li Auto flexibility to fund R&D, capex and international expansion without heavy refinancing. This durable capital structure reduces solvency risk across economic cycles.
Read all positive factors
Li Auto (LI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.27B
Dividend YieldN/A
Average Volume (3M)3.09M
Price to Earnings (P/E)109.0
Beta (1Y)0.88
Revenue Growth-9.99%
EPS Growth-54.75%
CountryUS
Employees32,248
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)0.04
Shares Outstanding903,856,100
10 Day Avg. Volume4,311,438
30 Day Avg. Volume3,088,626
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)2.46
Price to Sales (P/S)1.21
P/FCF Ratio21.27
Enterprise Value/Market Cap4.69
Enterprise Value/Revenue0.68
Enterprise Value/Gross Profit3.52
Enterprise Value/Ebitda15.83
Forecast
1Y Price Target
$19.14Price Target Upside8.87% Upside
Rating ConsensusHold
Number of Analyst Covering12
EPS Forecast (FY)2.08
Revenue Forecast (FY)$134.31B
Li Auto Business Overview & Revenue Model
Company Description
Li Auto Inc. operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sa...
How the Company Makes Money
Li Auto generates revenue primarily through the sale of its electric vehicles, including the Li ONE and future models. The company employs a direct sales model, selling vehicles through its own retail stores and online platforms, which allows for ...
Li Auto Key Performance Indicators (KPIs)
Any
Deliveries
Tracks the number of vehicles delivered to customers, indicating demand strength, production efficiency, and overall market penetration for Li Auto.
Tracks the number of vehicles delivered to customers, indicating demand strength, production efficiency, and overall market penetration for Li Auto.
Data provided by:
The Fly
The FlyLi Auto Earnings Call Summary
Earnings Call Date:Nov 26, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 26, 2026
Earnings Call Sentiment Negative
Li Auto is navigating significant challenges with a strategic shift back to an entrepreneurial model and a focus on technological advancements. However, financial performance in Q3 was negatively impacted by decreased revenues, increased losses, and supply chain issues.Positive Updates
Strategic Shift to Entrepreneurial Model
Li Auto announced a strategic shift back to an entrepreneurial management model to better adapt to rapidly changing industry and technology cycles, focusing on user value and efficiency.
Negative Updates
Significant Revenue Decrease
Total revenues in Q3 were RMB 27.4 billion, a decrease of 36.2% year-over-year and 9.5% quarter-over-quarter, mainly due to lower vehicle deliveries.
Read all updates
Q3-2025 Updates
Positive
Negative
Strategic Shift to Entrepreneurial Model
Li Auto announced a strategic shift back to an entrepreneurial management model to better adapt to rapidly changing industry and technology cycles, focusing on user value and efficiency.
Read all positive updates
Company Guidance
During Li Auto's Q3 2025 earnings call, the company provided guidance for its future strategy and financial outlook. The CEO, Xiang Li, announced a strategic shift back to an entrepreneurial management model, emphasizing the development of embodied AI products to create more user value in the next decade. Li Auto expects Q4 2025 vehicle deliveries between 100,000 and 110,000 units, with total revenues projected between RMB 26.5 billion and RMB 29.2 billion. The company's Q3 2025 financial performance showed total revenues of RMB 27.4 billion, a 36.2% year-over-year decrease, and a net loss of RMB 624.4 million. Looking forward, Li Auto plans to launch its AI system based on the M100 chip in 2026, with an eye on improving user experiences and capitalizing on advancements in electric drive, battery systems, and electronic control technologies.Li Auto Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
75
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 125.72B | 144.52B | 123.83B | 46.08B | 26.66B | 8.94B |
| Gross Profit | 24.38B | 29.67B | 27.49B | 8.81B | 5.55B | 1.39B |
| EBITDA | 5.42B | 12.57B | 12.32B | -853.90M | 494.34M | 244.14M |
| Net Income | 4.51B | 8.04B | 11.70B | -2.05B | -317.29M | -159.79M |
Balance Sheet | ||||||
| Total Assets | 153.12B | 162.35B | 143.47B | 86.54B | 61.85B | 36.37B |
| Cash, Cash Equivalents and Short-Term Investments | 98.68B | 112.81B | 103.26B | 56.51B | 47.52B | 28.64B |
| Total Debt | 17.89B | 16.34B | 13.55B | 12.26B | 7.84B | 2.11B |
| Total Liabilities | 79.92B | 91.03B | 82.89B | 41.35B | 20.78B | 6.57B |
| Stockholders Equity | 72.69B | 70.87B | 60.14B | 44.86B | 41.06B | 29.80B |
Cash Flow | ||||||
| Free Cash Flow | -7.71B | 8.20B | 44.19B | 2.25B | 4.90B | 2.46B |
| Operating Cash Flow | -3.45B | 15.93B | 50.69B | 7.38B | 8.34B | 3.14B |
| Investing Cash Flow | -22.80B | -41.14B | -12.07M | -4.36B | -4.26B | -18.74B |
| Financing Cash Flow | -145.63M | -415.65M | 185.38M | 5.64B | 16.71B | 24.71B |
Li Auto Technical Analysis
Negative
17.58
Price Trends
17.57
Negative
17.73
Negative
21.58
Negative
Market Momentum
-0.06
Negative
48.55
Neutral
61.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LI, the sentiment is Negative. The current price of 17.58 is above the 20-day moving average (MA) of 17.50, above the 50-day MA of 17.57, and below the 200-day MA of 21.58, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 48.55 is Neutral, neither overbought nor oversold. The STOCH value of 61.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LI.
Li Auto Risk Analysis
Li Auto disclosed 110 risk factors in its most recent earnings report. Li Auto 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 3 New Risks
1.
We are a “controlled company” within the meaning of the Nasdaq Stock Market Rules and, as a result, may rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies. Q4, 2023
2.
We had net losses in the past, which may happen again in the future. Q4, 2023
3.
We may face challenges in expanding our business and operations internationally and our ability to conduct business in international markets may be adversely affected by legal, regulatory, political, and economic risks. Q4, 2023
Li Auto Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $18.27B | 109.05 | 1.55% | ― | -9.99% | -54.75% | |
50 Neutral | $17.09B | -60.90 | -3.77% | ― | 86.57% | 51.35% | |
50 Neutral | $18.33B | -7.49 | -66.53% | ― | 28.21% | 44.43% | |
47 Neutral | $3.08B | ― | -133.09% | ― | 45.86% | 22.13% | |
45 Neutral | $12.82B | -5.57 | -984.82% | ― | 14.94% | 2.53% | |
44 Neutral | $7.93B | -2.12 | 57.07% | ― | 74.91% | -43.10% |
* Consumer Cyclical Sector Average
LI
Li Auto
17.46
-8.06
-31.58%
NIO
Nio
5.31
1.56
41.60%
XPEV
XPeng, Inc. ADR
16.93
-2.77
-14.06%
LCID
Lucid Group
9.40
-13.80
-59.48%
VFS
VinFast Auto
3.39
0.00
0.00%
RIVN
Rivian Automotive
14.77
2.36
19.02%
Li Auto Corporate Events
Li Auto Reports Stable Share Capital and Active Incentive Plans in December 2025 Hong Kong Filing
Jan 7, 2026
On January 7, 2026, Li Auto filed a Form 6-K with the U.S. Securities and Exchange Commission noting that it had submitted a monthly return to the Hong Kong Stock Exchange detailing movements in its authorized share capital and issued shares for t...
Li Auto Tops 1.5 Million Cumulative Deliveries and Expands Overseas in December 2025
Jan 2, 2026
In December 2025, Li Auto delivered 44,246 vehicles, bringing its fourth-quarter 2025 deliveries to 109,194 and lifting cumulative deliveries to 1,540,215 as of December 31, 2025, marking the milestone of 1.5 million vehicles delivered since launc...
Li Auto Reports Stable Share Capital for November 2025
Dec 4, 2025
Li Auto Inc. submitted a monthly return form to the Hong Kong Stock Exchange on December 4, 2025, detailing the movements in its authorized share capital and issued shares for November 2025. The report indicates that there were no changes in the n...
Li Auto Reports Stable Share Capital for October 2025
Nov 6, 2025
On November 6, 2025, Li Auto Inc. submitted a monthly return form to the Hong Kong Stock Exchange, detailing the movements in its authorized share capital and issued shares for October 2025. The report highlighted that there were no changes in the...
Li Auto Expands Global Presence with New Deliveries and Overseas Stores
Nov 3, 2025
In October 2025, Li Auto Inc. delivered 31,767 vehicles, increasing its cumulative deliveries to 1,462,788. The company is expanding globally, having opened its first overseas retail store in Uzbekistan and planning further expansion in Central As...
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.