NIO INC. |
Market Closed -
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|
Pre-market 07:10:42 pm | |||
| 4.91 USD | -6.83% |
|
4.915 | +0.10% |
| Jun. 01 | NIO Inc. Reports Delivery Results for the Month and Year to Date Ended May 2024 | CI |
| May. 31 | NIO Shares Jump on Potential Record Sales in May | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 29,460 | 496,965 | 320,078 | 111,124 | 133,893 | 79,027 | - | - |
| Enterprise Value (EV) 1 | 36,849 | 462,457 | 282,656 | 88,228 | 107,012 | 74,643 | 79,008 | 76,382 |
| P/E ratio | -2.53 x | -67.1 x | -29.9 x | -7.56 x | -5.17 x | -4.58 x | -6.9 x | -11.1 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.76 x | 30.6 x | 8.86 x | 2.26 x | 2.41 x | 1.19 x | 0.83 x | 0.71 x |
| EV / Revenue | 4.71 x | 28.4 x | 7.82 x | 1.79 x | 1.92 x | 1.13 x | 0.83 x | 0.68 x |
| EV / EBITDA | -3.78 x | -130 x | -101 x | -8.41 x | -6.33 x | -5.44 x | -10.5 x | -18.2 x |
| EV / FCF | -3.53 x | 562 x | -134 x | -8.14 x | -6.81 x | -4.54 x | -8.67 x | -12.1 x |
| FCF Yield | -28.3% | 0.18% | -0.75% | -12.3% | -14.7% | -22% | -11.5% | -8.28% |
| Price to Book | -4.73 x | 18.4 x | 9.53 x | 4.61 x | 4.28 x | 5.55 x | 12.4 x | 10 x |
| Nbr of stocks (in thousands) | 1,052,662 | 1,562,643 | 1,590,573 | 1,652,453 | 2,079,974 | 2,069,108 | - | - |
| Reference price 2 | 27.99 | 318.0 | 201.2 | 67.25 | 64.37 | 38.19 | 38.19 | 38.19 |
| Announcement Date | 3/18/20 | 3/1/21 | 3/24/22 | 3/1/23 | 3/5/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,825 | 16,258 | 36,136 | 49,269 | 55,618 | 66,198 | 95,653 | 112,067 |
| EBITDA 1 | -9,747 | -3,561 | -2,788 | -10,492 | -16,908 | -13,712 | -7,557 | -4,208 |
| EBIT 1 | -10,746 | -4,608 | -4,496 | -13,345 | -20,286 | -17,637 | -12,183 | -10,931 |
| Operating Margin | -137.33% | -28.34% | -12.44% | -27.09% | -36.47% | -26.64% | -12.74% | -9.75% |
| Earnings before Tax (EBT) 1 | -11,288 | -5,298 | -3,975 | -14,382 | -20,459 | -16,617 | -11,223 | -9,798 |
| Net income 1 | -11,413 | -5,611 | -10,572 | -14,559 | -21,147 | -16,360 | -11,265 | -8,010 |
| Net margin | -145.86% | -34.51% | -29.26% | -29.55% | -38.02% | -24.71% | -11.78% | -7.15% |
| EPS 2 | -11.08 | -4.740 | -6.720 | -8.890 | -12.44 | -8.348 | -5.534 | -3.453 |
| Free Cash Flow 1 | -10,428 | 823.2 | -2,112 | -10,839 | -15,722 | -16,439 | -9,114 | -6,324 |
| FCF margin | -133.27% | 5.06% | -5.85% | -22% | -28.27% | -24.83% | -9.53% | -5.64% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/18/20 | 3/1/21 | 3/24/22 | 3/1/23 | 3/5/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,805 | 9,901 | 19,706 | 9,911 | - | 13,002 | 16,064 | 10,676 | 8,772 | - | 19,067 | 17,103 | 10,356 | 14,640 | 17,408 | 20,373 | 18,770 |
| EBITDA 1 | - | -1,883 | - | - | - | - | - | - | - | - | - | - | -3,009 | -2,952 | -2,849 | -3,407 | -2,249 |
| EBIT 1 | -726.3 | -2,445 | -3,437 | -1,716 | - | -3,258 | -6,016 | -6,016 | -5,464 | - | -4,240 | -6,059 | -4,140 | -4,490 | -4,391 | -4,494 | -3,613 |
| Operating Margin | -7.41% | -24.7% | -17.44% | -17.31% | - | -25.06% | -37.45% | -56.34% | -62.29% | - | -22.24% | -35.43% | -39.98% | -30.67% | -25.22% | -22.06% | -19.25% |
| Earnings before Tax (EBT) 1 | -832.1 | -2,110 | -2,942 | -1,752 | - | -4,101 | -5,769 | -4,732 | -6,037 | - | -4,555 | -5,135 | -3,745 | -4,495 | -4,441 | -4,583 | -3,324 |
| Net income 1 | -2,859 | -2,179 | -5,038 | -1,825 | - | -4,142 | -5,847 | -4,804 | -6,122 | -10,926 | -4,629 | -5,593 | -4,882 | -4,648 | -4,337 | -4,420 | -4,174 |
| Net margin | -29.16% | -22.01% | -25.57% | -18.42% | - | -31.86% | -36.4% | -44.99% | -69.79% | - | -24.28% | -32.7% | -47.15% | -31.75% | -24.92% | -21.7% | -22.24% |
| EPS 2 | -1.820 | -1.360 | -3.170 | -1.120 | - | -2.530 | -3.550 | -2.910 | -3.700 | - | -2.670 | -3.180 | -1.579 | -1.888 | -1.758 | -2.352 | -1.887 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/9/21 | 3/24/22 | 3/24/22 | 6/9/22 | 9/7/22 | 11/10/22 | 3/1/23 | 6/9/23 | 8/29/23 | 8/29/23 | 12/5/23 | 3/5/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,389 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 34,507 | 37,422 | 22,896 | 26,881 | 4,384 | 18.8 | 2,645 |
| Leverage (Debt/EBITDA) | -0.7581 x | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -10,428 | 823 | -2,112 | -10,839 | -15,722 | -16,439 | -9,114 | -6,324 |
| ROE (net income / shareholders' equity) | -310% | -53.8% | -34.2% | -49.7% | -74.8% | -73.6% | -116% | -17.3% |
| ROA (Net income/ Total Assets) | -68.3% | -16.2% | -15.4% | -16.3% | -17.3% | -14.2% | -9.62% | -4.43% |
| Assets 1 | 16,712 | 34,612 | 68,763 | 89,574 | 122,275 | 115,298 | 117,069 | 180,812 |
| Book Value Per Share 2 | -5.920 | 17.30 | 21.10 | 14.60 | 15.00 | 6.890 | 3.080 | 3.800 |
| Cash Flow per Share 2 | -8.470 | 1.650 | 1.250 | -2.360 | -0.8100 | -6.090 | -3.770 | 0.4800 |
| Capex 1 | 1,707 | 1,128 | 4,079 | 6,973 | 14,341 | 5,990 | 5,226 | 5,334 |
| Capex / Sales | 21.81% | 6.94% | 11.29% | 14.15% | 25.78% | 9.05% | 5.46% | 4.76% |
| Announcement Date | 3/18/20 | 3/1/21 | 3/24/22 | 3/1/23 | 3/5/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
30
Last Close Price
38.19
CNY
Average target price
53.57
CNY
Spread / Average Target
+40.27%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -45.87% | 10.9B | |
| -47.02% | 21.34B | |
| -49.96% | 11.4B | |
| -45.64% | 10.45B | |
| -42.70% | 7.88B | |
| -33.73% | 6.44B | |
| 0.00% | 6.14B | |
| 0.00% | 5.9B | |
| -23.25% | 4.82B | |
| +2.24% | 2.47B |
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- Financials NIO Inc.
