NIO NIO
ChinaConsumer Cyclical · Auto ManufacturersUSD
6.31 USD (+78.2%)
24 analysts
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NIO Inc. is a Chinese premium electric vehicle manufacturer that designs, develops, and sells high-end electric cars, in addition to offering battery services and charging solutions.
Key points
from its scores- ✓Strong growth9.5
- ✕Little or no dividend0.5
- ✕Little competitive advantage0.6
- ✕Poor share-price trend0.6
AI analysis
bottom line, main risk, context and newsHigh growth does not compensate for lack of profitability and governance and regulatory risks.
NIO shows very strong revenue growth (69.10%), but its financial health is fragile (operating margin of -1.08%, ROE of -45.32%) and its valuation (forward P/E of 27.87) is not supported by current profitability. The company operates in a competitive environment with significant regulatory and geopolitical risks in China.
The main risk is the combination of negative operating margins and high dependence on the Chinese market, subject to regulatory, political, and intense competition risks.
Context and risks
NIO is a Chinese electric vehicle manufacturer with weak corporate governance and significant exposure to China's industrial and regulatory policy. The company operates in a highly competitive sector with negative margins, and its profitability depends on subsidies and support from the Chinese government, adding substantial regulatory and geopolitical risk. Additionally, potential US and EU tariffs on Chinese electric vehicles could affect its international expansion plans.
Is NIO stock cheap or expensive?
at the analysis dateOn EV / EBITDA, it trades 18% above the Consumer Cyclical median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 13.3 | 11.2 | +18% |
| Price / book | 14.3 | 2.9 | +397% |
| Price / sales | 0.5 | 1.3 | −59% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.5 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 6.31 USD, +78.2% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 0.6 (sector 5.7), Growth 9.5 (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
- 27.9
- EV / EBITDA
- 13.3
- Price / book
- 14.3
- Price / sales
- 0.5
- Market cap
- 8.9B USD
- Enterprise value
- 45.3B CNY
Profitability
- ROE
- −45.3%
- ROA
- −2.0%
- ROIC (approx.)
- −3.7%
- Gross margin
- 17.4%
- Operating margin
- −1.1%
- Net margin
- −4.2%
Solvency
- Total debt
- 29.0B CNY
- Net debt
- −14.1B CNY
- Cash
- 43.1B CNY
- EBITDA
- 3.4B CNY
- Net debt / EBITDA
- −4.13
- Debt / equity
- 203.22
- Current ratio
- 1.02
- Quick ratio
- 0.68
Growth
- Revenue growth
- +69.1%
- EPS (TTM)
- −0.25 USD
- EPS (forward)
- 0.13 USD
Dividend
- Dividend yield
- 0.0%
Risk and market
- Beta
- 0.92
- Analyst consensus
- Buy (24)
- Target price
- 6.31 USD
- 52-week range
- 3.37 – 7.86
Recent news
All NIO news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about NIO
Is NIO stock cheap or expensive?
On EV / EBITDA, it trades 18% above the Consumer Cyclical median. Valuation score: 4.5 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 6.31 USD, +78.2% versus the price. This is not investment advice.
What score does NIO get on MeridIAn Screener?
It scores 3.2 out of 10, rank 2,067 of 2,130 (better than 3% of the companies analysed). Its strongest category is Growth (9.5) and its weakest, Dividend (0.5). Analysis of 08/10/2026.
How much is NIO worth on the stock market?
Its market capitalisation is 8.9B USD and its enterprise value, debt included, is 45.3B USD.
How much debt does NIO have?
It has more cash than debt: net cash of 14.1B CNY.
Does NIO pay a dividend?
It pays no dividend, or almost none.
How has NIO stock performed over the last year?
It has fallen 47.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 3.37 and 7.86 USD. Past performance does not guarantee future results.
What do analysts think of NIO?
24 analysts cover it; their average recommendation is “Buy” and their average target is 6.31 USD (+78.2% versus the price). It is an estimate, not market data.