Li Auto, Inc. Class A (2015) AI Stock Analysis

• Market Cap: €180.97B
• Dividend Yield: N/A
• Average Volume (3M): 17.18M
• Price to Earnings (P/E): 21.9
• Beta (1Y): 1.32
• Revenue Growth: 7.09%
• EPS Growth: -21.36%
• Country: HK
• Employees: 32,248
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): 0.75
• Shares Outstanding: 1,785,070,200
• 10 Day Avg. Volume: 12,003,281
• 30 Day Avg. Volume: 17,182,168
• PEG Ratio: -0.67
• Price to Book (P/B): 2.49
• Price to Sales (P/S): 1.22
• P/FCF Ratio: 21.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €112.04
• Price Target Upside: 24.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 70 Outperform
• Price Target: HK$110.00 ▲(22.70% Upside)

Li Auto's strong operational efficiency and solid financial foundation are significant strengths. However, challenges in revenue and cash flow growth, along with a moderate valuation, slightly dampen the overall score. Technical indicators suggest a balanced market sentiment, supporting a stable outlook.

Positive Factors

Operational Efficiency

Li Auto's consistent gross profit margins and balanced debt-to-equity ratio reflect strong operational efficiency, ensuring sustainable profitability and financial health.

Product Innovation

Li Auto's focus on EREVs positions it well in the growing EV market, offering a unique blend of electric efficiency and extended range, appealing to eco-conscious consumers.

Financial Stability

A low debt-to-equity ratio indicates prudent financial management, providing Li Auto with flexibility to invest in growth opportunities and withstand economic fluctuations.

Negative Factors

Revenue Growth Challenges

Negative revenue growth and declining free cash flow may hinder Li Auto's ability to fund new projects and expand, potentially affecting long-term competitiveness.

Net Profit Margin Decline

A declining net profit margin suggests rising costs or inefficiencies, which could impact Li Auto's profitability and ability to reinvest in business operations.

Cash Flow Conversion Issues

Inefficiencies in converting income to cash may limit Li Auto's ability to finance operations and growth initiatives, potentially affecting liquidity and financial stability.

Li Auto, Inc. Class A Business Overview & Revenue Model

Company Description

Li Auto Inc., through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment. The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020. Li Auto Inc. was founded in 2015 and is headquartered in Beijing, China.

How the Company Makes Money

Li Auto makes money primarily through the sale of its electric vehicles, particularly the Li ONE model, which has gained popularity among consumers seeking a blend of electric efficiency and extended driving range. The company's revenue model is based on direct sales to customers, leveraging both online and offline channels to reach its target market. Additionally, Li Auto generates revenue from post-sale services, including vehicle maintenance and software updates, which enhance the customer experience and encourage brand loyalty. Strategic partnerships with suppliers and technology firms also play a crucial role in optimizing production costs and advancing vehicle technology, contributing to the company's overall profitability.

Li Auto, Inc. Class A Financial Statement Overview

Summary

Li Auto exhibits strong financial performance across all verticals. The income statement shows impressive growth and improved profitability metrics, while the balance sheet indicates a stable financial position with moderate leverage. Cash flow metrics reveal solid cash generation and management. Overall, Li Auto is well-positioned in the auto manufacturing industry, with a positive financial outlook.

Income Statement

Li Auto has demonstrated a strong revenue growth trajectory with significant increases from 2020 to the latest TTM period. The company improved its gross profit margin and transitioned from a negative EBIT margin in earlier years to a positive EBIT margin of 5.44% in TTM. Net profit margin also improved significantly, reflecting enhanced profitability and operational efficiency. These metrics indicate a robust income statement performance.

Balance Sheet

The balance sheet is solid, with a healthy equity ratio and a manageable debt-to-equity ratio. Li Auto's stockholders' equity has grown, and their leverage is moderate, indicating financial stability. However, the debt level has increased slightly, which requires monitoring to ensure it does not impact financial flexibility negatively.

Cash Flow

Li Auto's cash flow position is strong, with consistent positive free cash flow and a significant increase in operating cash flow. The company's ability to generate free cash flow relative to net income has improved, highlighting efficient cash management. The free cash flow growth rate is also positive, indicating robust cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	144.75B	144.46B	123.85B	45.29B	27.01B	9.46B
Gross Profit	29.69B	29.66B	27.50B	8.79B	5.76B	1.55B
EBITDA	9.89B	10.08B	9.21B	-2.44B	500.83M	199.03M
Net Income	8.09B	8.03B	11.70B	-2.01B	-321.45M	-151.66M
Balance Sheet
Total Assets	161.85B	162.35B	143.47B	86.54B	61.85B	36.37B
Cash, Cash Equivalents and Short-Term Investments	110.68B	112.81B	103.26B	56.51B	47.52B	28.64B
Total Debt	16.36B	16.34B	13.55B	12.26B	7.84B	2.11B
Total Liabilities	89.53B	91.03B	82.89B	41.35B	20.78B	6.57B
Stockholders Equity	71.82B	70.87B	60.14B	44.86B	41.06B	29.80B
Cash Flow
Free Cash Flow	11.82B	8.20B	44.19B	2.25B	4.90B	2.46B
Operating Cash Flow	17.57B	15.93B	50.69B	7.38B	8.34B	3.14B
Investing Cash Flow	-49.00B	-41.14B	-12.07M	-4.36B	-4.26B	-18.74B
Financing Cash Flow	-539.50M	-415.65M	185.38M	5.64B	16.71B	24.71B

Li Auto, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 89.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 89.65 is below the 20-day moving average (MA) of 97.50, below the 50-day MA of 95.41, and below the 200-day MA of 101.61, indicating a bearish trend. The MACD of -1.93 indicates Positive momentum. The RSI at 39.01 is Neutral, neither overbought nor oversold. The STOCH value of 10.80 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0175	75 Outperform	$193.98B	11.70	17.07%	1.72%	―	―
2015	70 Outperform	€180.97B	21.86	12.34%	―	7.09%	-21.36%
2333	66 Neutral	$197.93B	10.35	15.09%	3.13%	3.35%	-6.40%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2238	57 Neutral	$69.26B	39.33	-2.84%	1.73%	-8.79%	-212.16%
9866	57 Neutral	HK$113.26B	―	-328.79%	―	9.20%	-5.48%
9868	53 Neutral	HK$163.66B	―	-13.27%	―	65.91%	48.38%

Li Auto, Inc. Class A Corporate Events

Li Auto Reports August Deliveries and Announces New SUV Launch

Li Auto Inc. reported delivering 28,529 vehicles in August 2025, bringing its cumulative deliveries to 1,397,070. The company is set to launch the Li i6, a battery electric SUV, and roll out OTA 8.0, which will enhance its smart vehicle solutions. With a robust retail and service network across China, Li Auto continues to strengthen its market position and expand its product offerings, aiming to capture a broader user base.

The most recent analyst rating on (HK:2015) stock is a Hold with a HK$100.00 price target. To see the full list of analyst forecasts on Li Auto, Inc. Class A stock, see the HK:2015 Stock Forecast page.