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Niu Tech (NIU)
:NIU
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Niu Technologies
(NASDAQ:NIU)
56Neutral
Niu Technologies (NIU) vs. S&P 500 (SPY)
Market Cap
$190.89M
Dividend YieldN/A
Average Volume (3M)730.98K
Price to Earnings (P/E)―
Beta (1Y)1.65
Revenue Growth4.11%
EPS Growth-36.36%
CountryUS
Employees550
SectorConsumer Cyclical
Sector Strength50
IndustryVehicles
Share Statistics
EPS (TTM)-0.44
Shares Outstanding69,327,446
10 Day Avg. Volume686,027
30 Day Avg. Volume730,981
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.53
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$2.00Price Target Upside-18.70% Downside
Rating ConsensusHold
Number of Analyst Covering0
Niu Technologies Business Overview & Revenue Model
Company DescriptionNiu Technologies is a holding company, which engages in the provision of urban mobility solutions. It involves in the design, manufacture, and sale of lithium-ion battery-powered e-scooters. The company was founded in September 2014 and is headquartered in Beijing, China.
How the Company Makes MoneyNiu Technologies generates revenue primarily through the sale of its electric scooters, motorcycles, and bicycles. The company offers a range of models catering to different segments of the market, from budget-friendly options to premium products with advanced features. In addition to direct sales, Niu Technologies benefits from a global network of distributors and retail partners, expanding its reach and customer base. The company also generates revenue from after-sales services, including maintenance and parts replacement, which further enhances customer loyalty and retention. Strategic partnerships with technology firms and mobility service providers also contribute to its earnings, allowing Niu to integrate cutting-edge technologies into its products and expand its market presence.
Niu Technologies Financial Statement Overview
Summary
Niu Technologies faces significant challenges with declining revenues and profitability, as evidenced by negative income metrics and a drop in total assets. Improvements in cash flow and moderate leverage provide some cushion, but the company needs to address revenue declines and operational inefficiencies to enhance financial health.Income Statement
Niu Technologies has experienced a declining revenue trend, with a revenue decline of approximately 16.3% in 2023 compared to 2022. The company is operating at a net loss, with a negative net profit margin of -10.3% in 2023. The gross profit margin decreased to 21.5% from 21.1% in 2022, indicating declining profitability. The EBIT margin has worsened significantly, turning negative in recent years, reflecting operational challenges.34
Negative
Balance Sheet
The balance sheet shows a stable equity base with a debt-to-equity ratio of 0.25, indicating moderate leverage. However, total assets have decreased over the years, reflecting potential challenges in asset management. The equity ratio is approximately 50%, suggesting a balanced capital structure. Overall, the balance sheet reveals stability but with declining asset levels.55
Neutral
Cash Flow
Cash flow from operations turned positive in 2023, showing improvement from previous years, with a free cash flow of 14.8 million. The operating cash flow to net income ratio indicates strong cash generation relative to earnings. However, the company has faced volatility in free cash flow growth, suggesting fluctuations in operational efficiency.68
Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 2.74B | 2.65B | 3.17B | 3.70B | 2.44B | 2.08B | Gross Profit |
| 575.92M | 570.75M | 669.68M | 812.78M | 559.15M | 486.55M | EBIT |
| -319.83M | -317.52M | -89.28M | 162.38M | 129.18M | 186.71M | EBITDA |
| -174.44M | -132.54M | 53.43M | 374.50M | 247.36M | 203.61M | Net Income Common Stockholders |
| -266.30M | -271.84M | -49.46M | 225.82M | 168.65M | 190.08M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 970.13M | 970.13M | 903.28M | 1.08B | 1.10B | 764.79M | Total Assets |
| 2.19B | 2.19B | 2.54B | 2.44B | 1.85B | 1.51B | Total Debt |
| 272.66M | 272.66M | 484.40M | 337.54M | 180.00M | 217.39M | Net Debt |
| -599.92M | -599.92M | -49.89M | 129.17M | -47.00M | -62.55M | Total Liabilities |
| 1.10B | 1.10B | 1.23B | 1.18B | 853.44M | 719.31M | Stockholders Equity |
| 1.09B | 1.09B | 1.31B | 1.26B | 993.37M | 791.53M |
| Cash Flow | Free Cash Flow | ||||
| 0.00 | 14.80M | -1.76B | 48.43M | 314.02M | 37.67M | Operating Cash Flow |
| 0.00 | 93.74M | -834.96M | 334.17M | 465.60M | 178.68M | Investing Cash Flow |
| 0.00 | 216.31M | 2.73B | -295.06M | -535.23M | -467.89M | Financing Cash Flow |
| 0.00 | -59.35M | -121.94M | 6.25M | -13.16M | 35.28M |
Niu Technologies Technical Analysis
Positive
2.46
Price Trends
2.09
Positive
2.07
Positive
2.04
Positive
Market Momentum
0.10
Positive
57.00
Neutral
39.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NIU, the sentiment is Positive. The current price of 2.46 is above the 20-day moving average (MA) of 2.37, above the 50-day MA of 2.09, and above the 200-day MA of 2.04, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 57.00 is Neutral, neither overbought nor oversold. The STOCH value of 39.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NIU.
Niu Technologies Risk Analysis
Niu Technologies disclosed 85 risk factors in its most recent earnings report. Niu Technologies 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
Niu Technologies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $2.33B | 17.15 | 10.42% | 4.47% | -1.15% | 121.43% | |
68 Neutral | $3.23B | 7.88 | 14.19% | 2.57% | -11.13% | -31.78% | |
64 Neutral | $289.32M | ― | -1.53% | ― | -45.70% | -115.77% | |
62 Neutral | $4.19B | 21.79 | 5.13% | 2.39% | -8.45% | -25.41% | |
59 Neutral | $12.41B | 10.34 | 1.32% | 3.61% | 1.65% | -18.04% | |
56 Neutral | $190.89M | ― | -24.86% | ― | 4.11% | -36.36% | |
53 Neutral | $2.49B | 22.78 | 8.18% | 5.94% | -19.69% | -77.72% |
* Consumer Cyclical Sector Average
Performance Comparison
NIU
Niu Technologies
2.45
0.48
24.37%
LCII
LCI Industries
91.18
-16.44
-15.28%
HOG
Harley-Davidson
24.48
-14.65
-37.44%
PII
Polaris
44.43
-44.22
-49.88%
THO
Thor Industries
78.44
-22.30
-22.14%
MCFT
MasterCraft Boat Holdings
17.38
-3.70
-17.55%
Niu Technologies Earnings Call Summary
Earnings Call Date: Nov 18, 2024 | % Change Since: 23.62% | Next Earnings Date: Mar 17, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook with significant growth in sales volume and revenue, driven by new product launches and overseas market expansion. However, challenges in maintaining gross margin due to tariff impacts and new regulatory standards in China, along with a reported net loss, balanced the positive achievements.Highlights
Significant Sales Growth
Total sales volume in Q3 2024 was 312,000 units, marking a 17.5% year-over-year increase. Sales volume in the China market increased by 12.4% to 259,000 units, while the overseas market saw a significant year-over-year increase of 50% to 53,000 units.
Revenue Increase
Total revenue for Q3 2024 was RMB 1.02 billion, a 10.5% increase year-over-year.
Product Innovation and Launch Success
The launch of the NX series, including NX Hyper and NX Ultra, received positive feedback and stood as best sellers during the Double 11 shopping festival. The FX series and co-branding with PUBG Mobile achieved over 920 million views across social media.
Overseas Market Expansion
Expanded retail presence with partnerships with major U.S. retailers like Best Buy, Walmart, and others. Launched new products catering to international markets and achieved over 50% year-over-year sales volume growth in the micromobility segment.
Operational Efficiency
Operating expenses decreased by 31% compared to the same period last year, with the total OpEx ratio reducing from 31% to 20%.
Lowlights
Gross Margin Decline
Gross margin for Q3 2024 was 13.8%, a decline of 7.6 percentage points year-over-year and 3.2 percentage points quarter-over-quarter. The decline was driven by increased U.S. tariffs on kick-scooters and a lower-margin product mix.
Impact of New Standards in China
The new battery electric system safety standard in China led to reduced sell-in orders and affected product mix, lowering the ASP and margins.
Net Loss
The company reported a net loss of RMB 41 million with a net loss margin of 4% under GAAP accounting, despite improvements compared to the same period last year.
Company Guidance
During the Niu Technologies Third Quarter 2024 Earnings Conference Call, several key metrics and strategic insights were shared. The company reported a total sales volume of 312,000 units, marking a year-over-year increase of 17.5%, with 259,000 units sold in China and 53,000 overseas, highlighting a notable 50% increase in the overseas market. Total revenue for Q3 2024 reached RMB 1.02 billion, up by 10.5% from the previous year. Despite the positive sales volume growth, the company faced challenges such as a decrease in gross margin to 13.8%, partly due to the implementation of a new standard on battery electric system safety in China and increased U.S. tariffs affecting kick-scooter margins. Looking ahead, Niu Technologies expects Q4 revenue to be between RMB 622 million and RMB 718 million, a 30% to 50% increase year-over-year, with plans to continue expanding its product offerings and sales network both domestically and internationally.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.