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Pony AI Inc. Sponsored ADR (PONY)
NASDAQ:PONY
RESEARCH TOOLSreports
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Pony AI Inc. Sponsored ADR
(NASDAQ:PONY)
34Underperform
Positive Factors
Market Position
Pony AI is a global leader in achieving large-scale commercialization of autonomous mobility, including robotaxi and robotruck business.
Regulatory Advantage
Pony has accumulated the most testing mileage with the highest speed and is among the first to obtain licenses to operate fully driverless robotaxis in all four tier-1 cities in China.
Revenue Growth
The rapid fleet size expansion should lead to 180% YoY Robotaxi service sales growth in 2025.
Negative Factors
Financial Performance
Revenue was down 30% YoY at USD35.5mn, mainly due to the timing of project-based revenue recognition.
Profit Margins
Gross profit margin came in at 21.1% in 4Q24, down 12.9ppt YoY, due to more sales contribution from the Robotruck business.
Risk Factors
Risks associated with the company include regulation, user acceptance, competition, and accidents.
Pony AI Inc. Sponsored ADR (PONY) vs. S&P 500 (SPY)
Market Cap
$3.00B
Dividend YieldN/A
Average Volume (3M)7.63M
Price to Earnings (P/E)―
Beta (1Y)2.49
Revenue Growth4.27%
EPS Growth-120.11%
CountryUS
Employees1,460
SectorIndustrials
Sector Strength79
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)-0.78
Shares Outstanding267,873,570
10 Day Avg. Volume18,208,609
30 Day Avg. Volume7,627,702
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.44
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit255.13
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$17.70Price Target Upside152.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Pony AI Inc. Sponsored ADR Business Overview & Revenue Model
Company DescriptionPony AI Inc., through its subsidiaries, engages in the autonomous mobility in the People's Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. It also offers robotaxi services, including a suite of AV engineering solutions comprising AV software deployment and maintenance, vehicle integration and engineering, and road testing; and fare-charging robotaxi services. In addition, the company offers personally-owned vehicle intelligent solutions, including intelligent driving software solutions, proprietary vehicle domain controller products, and data analytics tools; vehicle integration services, software development, and licensing services; and vehicle-to-everything (V2X) products and services to enhance road safety. The company was incorporated in 2016 and is based in Guangzhou, the People's Republic of China.
How the Company Makes MoneyPony AI makes money primarily through partnerships and collaborations with automotive manufacturers and logistics companies to integrate its autonomous driving technology into their fleets. The company licenses its technology, which includes software, algorithms, and sensor systems, to these partners, generating revenue through licensing fees and long-term service agreements. Additionally, Pony AI engages in pilot programs and deployments in various cities, offering autonomous ride-hailing and delivery services, which further contribute to its revenue. Strategic investments and collaborations with major industry players also play a significant role in the company's financial structure, providing capital and resources to expand its operations and technological capabilities.
Pony AI Inc. Sponsored ADR Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | ||
| Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|
| Income Statement | Total Revenue | |
| 71.90M | 68.39M | 8.12M | Gross Profit |
| 16.88M | 32.06M | 6.31M | EBIT |
| -143.24M | -170.72M | -215.31M | EBITDA |
| -128.90M | -153.94M | -201.56M | Net Income Common Stockholders |
| -124.81M | -148.02M | -224.70M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |
| 589.55M | 577.90M | 418.75M | Total Assets |
| 747.12M | 771.51M | 708.94M | Total Debt |
| 7.36M | 13.04M | 0.00 | Net Debt |
| -418.60M | -303.23M | -242.54M | Total Liabilities |
| 1.41B | 1.31B | 1.11B | Stockholders Equity |
| -677.25M | -551.49M | -402.10M |
| Cash Flow | Free Cash Flow | |
| -120.51M | -166.80M | -171.54M | Operating Cash Flow |
| -115.42M | -154.77M | -146.14M | Investing Cash Flow |
| 136.49M | 49.33M | 54.83M | Financing Cash Flow |
| 89.76M | 191.57M | 121.87M |
Pony AI Inc. Sponsored ADR Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $2.60B | 549.40 | -9.96% | ― | 12.63% | -364.02% | |
64 Neutral | $4.28B | 11.80 | 5.33% | 250.46% | 4.10% | -9.26% | |
54 Neutral | $1.35B | ― | -39.62% | ― | 285.43% | 32.57% | |
49 Neutral | $5.10B | ― | -95.88% | ― | ― | 17.43% | |
44 Neutral | $1.22B | ― | -85.88% | ― | 1429.35% | -36.13% | |
43 Neutral | $5.31B | ― | -62.47% | ― | -86.82% | -7.68% | |
34 Underperform | $3.00B | ― | -33.58% | ― | 4.27% | -120.11% |
* Industrials Sector Average
Performance Comparison
PONY
Pony AI Inc. Sponsored ADR
10.40
-2.62
-20.12%
EH
Ehang Holdings
18.82
0.12
0.64%
JOBY
Joby Aviation
6.71
1.18
21.34%
ENVX
Enovix
6.35
-3.43
-35.07%
ACHR
Archer Aviation
9.29
5.33
134.60%
FA
First Advantage
14.98
-1.59
-9.60%
Pony AI Inc. Sponsored ADR Earnings Call Summary
Earnings Call Date:Mar 25, 2025
(Q4-2024)
| % Change Since: -46.93%|
Next Earnings Date:May 20, 2025
Earnings Call Sentiment Neutral
Pony AI is making significant strides towards mass commercialization with technological advancements and strategic partnerships, despite facing financial challenges and revenue fluctuations due to increased R&D expenses and project-based revenue recognition.Q4-2024 Updates
Positive Updates
NASDAQ Listing and Financial Position
Pony AI reports its first earnings as a public company, having raised over $400 million during its IPO, providing ample financial resources for expansion.
Technological Readiness for Mass Commercialization
Achieved technological readiness for mass commercialization with level four driverless operation 24/7 in all weather conditions, surpassing human driver safety by 16x.
Strong Partnerships for Mass Production
Established partnerships with Toyota, BAIC, and GAC for mass production, reducing unit farm cost by over 70% compared to the previous generation.
Expansion of Robotaxi Services
Secured advanced licenses in China's Tier 1 cities and expanded paid robotaxi services to key transportation hubs in Beijing and Guangzhou.
Robotruck Business Growth
Robotruck services grew by 61.3% year-over-year, with approval for driverless platooning across provincial highways.
Negative Updates
Decreased Robotaxi Services Revenue
Robotaxi services revenue decreased by 5.3% year-over-year, mainly due to reduced service fees from providing autonomous vehicle engineering solutions.
Increased Operating Expenses
Operating expenses increased by 85.4% year-over-year, primarily due to accelerated R&D investments.
Higher Financial Losses
Reported a net loss of $275 million compared to $125.3 million in 2023, with non-GAAP net loss also increasing.
Licensing and Application Revenue Decline
Licensing and application revenue decreased by 30.1% year-over-year, influenced by the recognition schedule of project-based revenue.
Company Guidance
In Pony AI Inc's fourth quarter and full year 2024 earnings conference call, the company provided guidance on its strategic focus and financial performance metrics. Pony AI reported a full-year revenue of $75 million, a 4.3% increase from the previous year, with notable growth in robotruck services, which brought in $40.4 million, up 61.3% year-over-year. The company emphasized its "robotaxi first, China first, and Tier 1 cities first" strategy, highlighting the launch of paid robotaxi services in key Chinese cities such as Beijing and Guangzhou. Technologically, Pony AI has achieved Level 4 driverless operations, supported by a 70% reduction in unit costs for their seventh-generation autonomous robotaxi. The company also raised over $400 million in its IPO, strengthening its financial position with $825.1 million in cash and investments by the end of 2024. Operating expenses increased significantly by 85.4% to $296.9 million, primarily due to accelerated R&D investments. Despite a net loss of $275 million, Pony AI remains focused on scaling its operations and achieving breakeven at the individual vehicle level with its upcoming autonomous driving system. The company anticipates further growth in its recurring revenue streams as it continues to expand its robotaxi fleet and partnerships with OEMs like Toyota, BAIC, and GAC.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.