Li Auto LI
ChinaConsumer Cyclical · Auto ManufacturersUSD
15.14 USD (+37.8%)
23 analysts
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Li Auto Inc. is a Chinese luxury electric vehicle manufacturer focused on SUVs with extended-range technology, selling directly to consumers in China.
Key points
from its scores- ✕Weak growth0.4
- ✕Poor share-price trend0.5
- ✕Little competitive advantage0.6
AI analysis
bottom line, main risk, context and newsThe combination of operating losses, high leverage, and revenue deterioration makes the risk outweigh any potential valuation appeal.
Li Auto shows weak fundamentals: negative operating margin (-8.50%), ROIC of -10.20%, and a revenue decline of -15.10%, with a forward P/E of 19.83 not backed by cash generation (FCF yield -13.56%). Financial health is fragile due to extremely high leverage (ND/EBITDA 63.32) and momentum is very negative (-48.20%).
The main risk is the combination of extreme leverage (ND/EBITDA 63.32) with negative operating margins, leaving the company highly vulnerable to any tightening of financial conditions or a prolonged price war in the Chinese EV market.
Context and risks
Li Auto is domiciled in China, a jurisdiction with weak governance and limited minority shareholder protection, adding a structural risk of regulatory and political intervention in the electric vehicle sector. Although the company is not state-owned, the institutional environment justifies a significant penalty on the base risk.
Is Li Auto stock cheap or expensive?
at the analysis dateOn Price / sales, it trades 45% below the Consumer Cyclical median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| Price / book | 1.0 | 2.9 | −66% |
| Price / sales | 0.7 | 1.3 | −45% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.7 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 15.14 USD, +37.8% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 2.9 (sector 5.7), Growth 0.4 (sector 5.9).
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- Forward P/E
- 19.8
- EV / EBITDA
- −0.9
- Price / book
- 1.0
- Price / sales
- 0.7
- PEG
- 4.01
- Market cap
- 10.7B USD
- Enterprise value
- 1.0B CNY
Profitability
- ROE
- −6.6%
- ROA
- −2.8%
- ROIC (approx.)
- −10.2%
- Gross margin
- 13.6%
- Operating margin
- −8.5%
- Net margin
- −4.4%
- Free cash flow
- −9.7B CNY
- FCF yield
- −13.6%
Solvency
- Total debt
- 14.7B CNY
- Net debt
- −70.9B CNY
- Cash
- 85.6B CNY
- EBITDA
- −1.1B CNY
- Net debt / EBITDA
- 63.32
- Debt / equity
- 22.27
- Current ratio
- 1.81
- Quick ratio
- 1.57
Growth
- Revenue growth
- −15.1%
- EPS (TTM)
- −0.65 USD
- EPS (forward)
- 0.55 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 0.49
- Analyst consensus
- Buy (23)
- Target price
- 15.14 USD
- 52-week range
- 10.66 – 24.38
Recent news
All LI news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Li Auto
Is Li Auto stock cheap or expensive?
On Price / sales, it trades 45% below the Consumer Cyclical median. Valuation score: 3.7 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 15.14 USD, +37.8% versus the price. This is not investment advice.
What score does Li Auto get on MeridIAn Screener?
It scores 2.1 out of 10, rank 2,119 of 2,130 (better than 0% of the companies analysed). Its strongest category is Valuation (3.7) and its weakest, Growth (0.4). Analysis of 08/10/2026.
How much is Li Auto worth on the stock market?
Its market capitalisation is 10.7B USD and its enterprise value, debt included, is 1.0B USD.
How much debt does Li Auto have?
It has more cash than debt: net cash of 70.9B CNY.
Does Li Auto pay a dividend?
It pays no dividend, or almost none.
How has Li Auto stock performed over the last year?
It has fallen 51.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 10.66 and 24.38 USD. Past performance does not guarantee future results.
What do analysts think of Li Auto?
23 analysts cover it; their average recommendation is “Buy” and their average target is 15.14 USD (+37.8% versus the price). It is an estimate, not market data.