XPENG INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.2 USD | +1.23% |
|
-1.20% | -43.80% |
| May. 23 | Leapmotor International: The wolf in the sheepfold? |  |
| May. 22 | Xpeng's Shares Soar 13% on Positive Q1 Results, Forecast for Q2 | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 214,736 | 269,640 | 58,738 | 97,290 | 55,341 | - | - |
| Enterprise Value (EV) 1 | 183,544 | 233,747 | 51,925 | 97,290 | 48,858 | 46,741 | 40,301 |
| P/E ratio | -38.6 x | -54 x | -6.43 x | -8.69 x | -7.84 x | -14.4 x | -39.6 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 36.7 x | 12.8 x | 2.19 x | 3.17 x | 1.27 x | 0.78 x | 0.62 x |
| EV / Revenue | 31.4 x | 11.1 x | 1.93 x | 3.17 x | 1.12 x | 0.66 x | 0.45 x |
| EV / EBITDA | -47.6 x | -40.7 x | -7.12 x | - | -8.62 x | -15.4 x | 114 x |
| EV / FCF | -194 x | -68.9 x | -4.15 x | - | -9.64 x | -41 x | 22.1 x |
| FCF Yield | -0.52% | -1.45% | -24.1% | - | -10.4% | -2.44% | 4.52% |
| Price to Book | 12.5 x | 6.23 x | 1.6 x | - | 1.86 x | 2.42 x | 2.33 x |
| Nbr of stocks (in thousands) | 768,381 | 843,413 | 856,765 | 939,549 | 943,380 | - | - |
| Reference price 2 | 279.5 | 319.7 | 68.56 | 103.5 | 59.39 | 59.39 | 59.39 |
| Announcement Date | 3/8/21 | 3/28/22 | 3/17/23 | 3/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,844 | 20,988 | 26,855 | 30,676 | 43,446 | 70,963 | 88,848 |
| EBITDA 1 | -3,856 | -5,742 | -7,295 | - | -5,667 | -3,045 | 352.7 |
| EBIT 1 | -3,297 | -6,579 | -8,706 | -10,889 | -7,757 | -4,617 | -1,550 |
| Operating Margin | -56.42% | -31.35% | -32.42% | -35.5% | -17.85% | -6.51% | -1.74% |
| Earnings before Tax (EBT) 1 | -2,731 | -4,837 | -9,118 | -10,394 | -6,795 | -3,917 | -857.3 |
| Net income 1 | -2,732 | -4,863 | -9,139 | -10,376 | -6,852 | -3,749 | -256.8 |
| Net margin | -46.75% | -23.17% | -34.03% | -33.82% | -15.77% | -5.28% | -0.29% |
| EPS 2 | -7.240 | -5.920 | -10.67 | -11.92 | -7.580 | -4.138 | -1.500 |
| Free Cash Flow 1 | -945.8 | -3,394 | -12,508 | - | -5,068 | -1,139 | 1,821 |
| FCF margin | -16.18% | -16.17% | -46.58% | - | -11.66% | -1.61% | 2.05% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 516.33% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 3/8/21 | 3/28/22 | 3/17/23 | 3/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,556 | 14,276 | 7,455 | 7,436 | 6,823 | 5,140 | 4,033 | 5,063 | 8,530 | 13,050 | 6,548 | 8,213 | 10,847 | 16,080 | 14,599 | 17,986 |
| EBITDA | - | - | -1,768 | - | -2,025 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -2,430 | -4,232 | -1,920 | -2,091 | -2,177 | -2,517 | -2,585 | -3,090 | -3,161 | -2,053 | -1,646 | -1,944 | -2,016 | -1,828 | -889.9 | -562.8 |
| Operating Margin | -28.4% | -29.65% | -25.76% | -28.12% | -31.9% | -48.97% | -64.1% | -61.04% | -37.06% | -15.73% | -25.14% | -23.67% | -18.59% | -11.37% | -6.1% | -3.13% |
| Earnings before Tax (EBT) 1 | -1,261 | -2,856 | -1,698 | -2,686 | -2,358 | -2,376 | -2,332 | -2,845 | -3,883 | -1,334 | -1,361 | -1,668 | -1,864 | -1,578 | -799 | -527.2 |
| Net income 1 | -1,287 | -2,882 | -1,701 | -2,701 | -2,376 | -2,361 | -2,337 | -2,805 | -3,887 | -1,348 | -1,368 | -1,641 | -1,828 | -1,515 | -653 | -347.4 |
| Net margin | -15.04% | -20.19% | -22.81% | -36.32% | -34.82% | -45.93% | -57.94% | -55.4% | -45.57% | -10.33% | -20.89% | -19.98% | -16.85% | -9.42% | -4.47% | -1.93% |
| EPS 2 | -1.510 | - | -2.000 | -3.160 | -2.770 | -2.740 | -2.710 | -3.250 | -4.490 | -1.510 | -1.450 | -1.700 | -1.990 | -2.360 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/28/22 | 3/28/22 | 5/23/22 | 8/23/22 | 11/30/22 | 3/17/23 | 5/24/23 | 8/18/23 | 11/15/23 | 3/19/24 | 5/21/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | 31,192 | 35,893 | 6,814 | - | 6,483 | 8,601 | 15,040 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -946 | -3,394 | -12,508 | - | -5,068 | -1,139 | 1,821 |
| ROE (net income / shareholders' equity) | -19.8% | -12.7% | -23.1% | - | -20.1% | -14.9% | -4.42% |
| ROA (Net income/ Total Assets) | -10.1% | -8.81% | -13.3% | - | -8.52% | -4.35% | 0.06% |
| Assets 1 | 26,979 | 55,179 | 68,571 | - | 80,457 | 86,272 | -457,662 |
| Book Value Per Share 2 | 22.40 | 51.30 | 42.90 | - | 31.90 | 24.60 | 25.50 |
| Cash Flow per Share 2 | -0.1900 | -1.330 | -9.610 | - | -3.740 | 3.550 | 5.980 |
| Capex 1 | 806 | 2,300 | 4,680 | - | 2,193 | 2,386 | 2,368 |
| Capex / Sales | 13.79% | 10.96% | 17.43% | - | 5.05% | 3.36% | 2.66% |
| Announcement Date | 3/8/21 | 3/28/22 | 3/17/23 | 3/19/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
27
Last Close Price
59.39
CNY
Average target price
91.89
CNY
Spread / Average Target
+54.74%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -43.80% | 7.64B | |
| -45.74% | 20.77B | |
| -41.46% | 10.99B | |
| -46.75% | 9.93B | |
| -55.50% | 9.9B | |
| 0.00% | 6.95B | |
| 0.00% | 6.42B | |
| -33.97% | 6.28B | |
| -14.43% | 5.24B | |
| -1.79% | 2.35B |
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- Financials XPeng Inc.
