Financials NIO Inc.

Equities

NIO

US62914V1061

Auto & Truck Manufacturers

Market Closed - Nyse 16:01:24 2024-05-23 EDT After market 19:57:31
4.8 USD -8.40% Intraday chart for NIO Inc. 4.815 +0.31%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 29,460 496,965 320,078 111,124 133,893 71,926 - -
Enterprise Value (EV) 1 36,849 462,457 282,656 88,228 133,893 67,542 71,907 69,280
P/E ratio -2.53 x -67.1 x -29.9 x -7.56 x -5.17 x -4.16 x -6.39 x -10 x
Yield - - - - - - - -
Capitalization / Revenue 3.76 x 30.6 x 8.86 x 2.26 x 2.41 x 1.09 x 0.75 x 0.64 x
EV / Revenue 4.71 x 28.4 x 7.82 x 1.79 x 2.41 x 1.03 x 0.75 x 0.62 x
EV / EBITDA -3.78 x -130 x -101 x -8.41 x - -5.06 x -9.87 x -16.5 x
EV / FCF -3.53 x 562 x -134 x -8.14 x - -4.1 x -9.2 x -11.2 x
FCF Yield -28.3% 0.18% -0.75% -12.3% - -24.4% -10.9% -8.91%
Price to Book -4.73 x 18.4 x 9.53 x 4.61 x - 5 x 11.5 x 9.14 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 34.76 34.76 34.76
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 65,718 95,597 112,203
EBITDA 1 -9,747 -3,561 -2,788 -10,492 - -13,359 -7,284 -4,208
EBIT 1 -10,746 -4,608 -4,496 -13,345 -20,286 -17,466 -12,020 -10,967
Operating Margin -137.33% -28.34% -12.44% -27.09% -36.47% -26.58% -12.57% -9.77%
Earnings before Tax (EBT) 1 -11,288 -5,298 -3,975 -14,382 -20,459 -16,443 -11,024 -9,806
Net income 1 -11,413 -5,611 -10,572 -14,559 -21,147 -16,196 -11,091 -8,016
Net margin -145.86% -34.51% -29.26% -29.55% -38.02% -24.64% -11.6% -7.14%
EPS 2 -11.08 -4.740 -6.720 -8.890 -12.44 -8.352 -5.439 -3.461
Free Cash Flow 1 -10,428 823.2 -2,112 -10,839 - -16,480 -7,814 -6,170
FCF margin -133.27% 5.06% -5.85% -22% - -25.08% -8.17% -5.5%
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 10,292 13,002 16,064 10,676 8,772 - 19,067 17,103 10,452 14,435 17,059 20,034 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 -2,355 -3,258 -6,016 -6,016 -5,464 - -4,240 -6,059 -4,763 -4,264 -4,005 -4,425 -3,613
Operating Margin -7.41% -24.7% -17.44% -17.31% -22.88% -25.06% -37.45% -56.34% -62.29% - -22.24% -35.43% -45.57% -29.54% -23.48% -22.09% -19.25%
Earnings before Tax (EBT) 1 -832.1 -2,110 -2,942 -1,752 -2,759 -4,101 -5,769 -4,732 -6,037 - -4,555 -5,135 -4,742 -4,292 -4,070 -4,535 -3,324
Net income 1 -2,859 -2,179 -5,038 -1,825 -2,745 -4,142 -5,847 -4,804 -6,122 -10,926 -4,629 -5,593 -5,195 -4,513 -4,090 -4,389 -4,174
Net margin -29.16% -22.01% -25.57% -18.42% -26.67% -31.86% -36.4% -44.99% -69.79% - -24.28% -32.7% -49.7% -31.26% -23.98% -21.91% -22.24%
EPS 2 -1.820 -1.360 -3.170 -1.120 -1.680 -2.530 -3.550 -2.910 -3.700 - -2.670 -3.180 -2.007 -1.928 -1.517 -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 - 4,384 18.8 2,645
Leverage (Debt/EBITDA) -0.7581 x - - - - - - -
Free Cash Flow 1 -10,428 823 -2,112 -10,839 - -16,480 -7,814 -6,170
ROE (net income / shareholders' equity) -310% -53.8% -34.2% -49.7% - -70.3% -116% -17.3%
ROA (Net income/ Total Assets) -68.3% -16.2% -15.4% -16.3% - -14.2% -9.62% -4.43%
Assets 1 16,712 34,612 68,763 89,574 - 114,146 115,265 180,952
Book Value Per Share 2 -5.920 17.30 21.10 14.60 - 6.960 3.030 3.800
Cash Flow per Share 2 -8.470 1.650 1.250 -2.360 - -6.610 -1.790 0.4800
Capex 1 1,707 1,128 4,079 6,973 - 5,940 5,224 5,334
Capex / Sales 21.81% 6.94% 11.29% 14.15% - 9.04% 5.47% 4.75%
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
30
Last Close Price
34.76 CNY
Average target price
53.69 CNY
Spread / Average Target
+54.45%
Consensus