HESAI GROUP |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.37 USD | +6.76% |
|
+14.74% | -39.73% |
| Apr. 24 | Marelli and Hesai Showcase Lidar-Integrated Headlamps for Enhanced Automotive Safety | CI |
| Mar. 19 | ADRs End Flat, Ehang Holdings Ltd. Climbs 15.6% | DJ |
Valuation
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Capitalization 1 | 7,938 | 4,947 | - | - |
| Enterprise Value (EV) 1 | 7,938 | 3,862 | 3,891 | 3,785 |
| P/E ratio | -16.6 x | -22.2 x | 36.9 x | 12.4 x |
| Yield | - | - | - | - |
| Capitalization / Revenue | 4.23 x | 1.68 x | 1.2 x | 0.93 x |
| EV / Revenue | 4.23 x | 1.31 x | 0.94 x | 0.71 x |
| EV / EBITDA | - | -27.8 x | 19 x | 20.4 x |
| EV / FCF | - | 18.8 x | - | - |
| FCF Yield | - | 5.31% | - | - |
| Price to Book | - | -2.36 x | -3.28 x | - |
| Nbr of stocks (in thousands) | 125,535 | 127,478 | - | - |
| Reference price 2 | 63.24 | 38.81 | 38.81 | 38.81 |
| Announcement Date | 3/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,203 | 1,877 | 2,950 | 4,136 | 5,313 |
| EBITDA 1 | - | -324.6 | - | -139.2 | 205.2 | 185.2 |
| EBIT 1 | - | -378.2 | -571.6 | -277.8 | 67.27 | 56.13 |
| Operating Margin | - | -31.45% | -30.45% | -9.42% | 1.63% | 1.06% |
| Earnings before Tax (EBT) 1 | - | -300.8 | -475.3 | -210.8 | 162.5 | 567.1 |
| Net income 1 | -2,456 | -747.2 | -476 | -219.9 | 132.1 | 458.4 |
| Net margin | - | -62.13% | -25.36% | -7.45% | 3.19% | 8.63% |
| EPS 2 | -23.39 | -6.470 | -3.810 | -1.746 | 1.052 | 3.142 |
| Free Cash Flow 1 | - | 455.6 | - | 205 | - | - |
| FCF margin | - | 37.88% | - | 6.95% | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - |
| Announcement Date | 1/17/23 | 3/15/23 | 3/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 409.2 | 429.9 | 440.3 | 445.6 | 561.2 | 337.2 | 648.2 | 820.8 | 1,080 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -140.1 | -128 | -113.5 | -167.2 | -162.8 | -115.1 | -101.4 | -114.2 | -113.7 |
| Operating Margin | -34.24% | -29.77% | -25.78% | -37.54% | -29.02% | -34.13% | -15.64% | -13.92% | -10.52% |
| Earnings before Tax (EBT) | -135.3 | - | - | - | - | - | - | - | - |
| Net income | -135.7 | - | - | - | - | - | - | - | - |
| Net margin | -33.16% | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/15/23 | 5/23/23 | 8/14/23 | 11/13/23 | 3/11/24 | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | - | 895 | - | 1,085 | 1,056 | 1,162 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 456 | - | 205 | - | - |
| ROE (net income / shareholders' equity) | - | -6.64% | - | -5.91% | 2.94% | 10% |
| ROA (Net income/ Total Assets) | - | -19.2% | - | -4.55% | 2.05% | 6.13% |
| Assets 1 | - | 3,897 | - | 4,837 | 6,446 | 7,480 |
| Book Value Per Share 2 | - | -27.20 | - | -16.40 | -11.80 | - |
| Cash Flow per Share 2 | - | -6.020 | - | 0.2500 | 0.2500 | 1.450 |
| Capex 1 | - | 240 | - | 406 | 460 | 242 |
| Capex / Sales | - | 19.99% | - | 13.75% | 11.13% | 4.55% |
| Announcement Date | 1/17/23 | 3/15/23 | 3/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
38.81
CNY
Average target price
79.67
CNY
Spread / Average Target
+105.30%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -39.73% | 685M | |
| -5.21% | 26.32B | |
| +103.63% | 2.78B | |
| -0.97% | 2.48B | |
| +20.05% | 1.13B | |
| -20.56% | 968M | |
| -23.07% | 771M | |
| -22.67% | 522M | |
| -8.30% | 446M | |
| +22.81% | 385M |
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- Financials Hesai Group