Company Valuation: Li Auto Inc.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 160,098 207,217 137,291 266,000 137,707 - -
Change - 29.43% -33.75% 93.75% -48.23% - -
Enterprise Value (EV) 1 132,337 185,360 108,435 171,459 48,686 35,675 17,394
Change - 40.07% -41.5% 58.12% -71.61% -26.72% -51.24%
P/E ratio -103x -583x -68x 23.9x 19.5x 13.2x 9.68x
PBR - - - 4.37x 1.96x 1.65x 1.35x
PEG 1.2x 7.2x -0x -0x -0.5x 0.3x 0.3x
Capitalization / Revenue 16.9x 7.67x 3.03x 2.15x 0.95x 0.7x 0.57x
EV / Revenue 14x 6.86x 2.39x 1.38x 0.34x 0.18x 0.07x
EV / EBITDA -380x -434x -44.4x 18.6x 6.45x 2.67x 0.92x
EV / EBIT -198x -182x -29.7x 23.1x 9.71x 3.32x 1.08x
EV / FCF 53.7x 37.9x 48.1x 3.88x 9.31x 2.36x 0.79x
FCF Yield 1.86% 2.64% 2.08% 25.8% 10.7% 42.4% 126%
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 -1.82 -0.35 -2.07 11.1 6.667 9.865 13.41
Distribution rate - - - - - - -
Net sales 1 9,457 27,010 45,287 123,851 144,985 196,253 239,800
EBITDA 1 -348.3 -426.9 -2,441 9,212 7,552 13,343 18,933
EBIT 1 -669.3 -1,017 -3,655 7,407 5,015 10,742 16,053
Net income 1 -792 -321.5 -2,012 11,704 7,166 12,449 17,663
Net Debt 1 -27,761 -21,856 -28,856 -94,540 -89,021 -102,032 -120,313
Reference price 2 188.22 203.92 140.70 265.41 129.79 129.79 129.79
Nbr of stocks (in thousands) 850,594 1,016,174 975,752 1,002,213 1,061,010 - -
Announcement Date 25/02/21 25/02/22 27/02/23 26/02/24 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

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P/E ratio EV / Sales EV / EBITDA Yield (Y) Capi. ($)
19.47x0.34x6.45x-.--%19.43B
108.19x6.52x42.75x-.--%673B
-2.72x2.31x-4.04x-.--%13.34B
-3.87x1.02x-4.66x-.--%10.4B
-4.11x - - - 8.74B
-2.88x8.97x-2.71x-.--%8.28B
-10.39x1.12x-8.26x-.--%8.09B
-7.47x0.53x-4.64x-.--%4.04B
-3.36x0.25x-3.09x - 3.79B
Average 10.32x 2.63x 2.73x 0.00% 83.26B
Weighted average by Cap. 97.35x 6.11x 38.73x 0.00%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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