Now trading at a price of $9.02, NIO has moved 2.1% so far today.
NIO returned losses of -30.0% last year, with its stock price reaching a high of $16.18 and a low of $7.0. Over the same period, the stock underperformed the S&P 500 index by -53.0%. As of April 2023, the company's 50-day average price was $10.71. NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. Based in Shanghai, China, the large-cap Consumer Discretionary company has 26,763 full time employees. NIO has not offered a regular dividend during the last year.
The Company Trades Below Its Net Current Asset Value:
|Net Income (MM)||-$9,661||-$11,287||-$5,299||-$3,986|
|Net Interest Expense (MM)||$10||-$210||-$259||$274|
|Depreciation & Amort. (MM)||-$474||-$999||-$1,046||-$1,708|
|Earnings Per Share||-$70.23||-$11.08||-$4.74||-$8.94|
|Diluted Shares (MM)||332||1,030||1,183||1,183|
|Free Cash Flow (MM)||-$5,268||-$7,015||$2,916||$6,044|
|Capital Expenditures (MM)||-$2,644||-$1,707||-$965||-$4,078|
|Net Current Assets (MM)||$1,477||-$14,476||$23,427||$18,821|
|Long Term Debt (MM)||$1,168||$7,155||$5,938||$9,739|
|LT Debt to Equity||0.14||-1.48||0.19||0.26|
NIO has slimmer gross margins than its peers, consistently negative margins with a positive growth rate, and an unconvincing cash flow history. On the other hand, the company benefits from an excellent current ratio and a strong EPS growth trend. Furthermore, NIO has weak revenue growth and a flat capital expenditure trend.
NIO does not have a meaningful trailing P/E ratio since its earnings per share are negative. Its forward EPS guidance is negative too, at $-0.71. The average P/E ratio for the Consumer Discretionary sector is 22.33. On the other hand, the market is undervaluing NIO in terms of its equity because its P/B ratio is 1.04. In comparison, the sector average is 3.12.
NIO Has an Analyst Consensus of Strong Upside Potential:
The 28 analysts following NIO have set target prices ranging from $7.51 to $21.83 per share, for an average of $13.45 with a buy rating. As of April 2023, the company is trading -20.4% away from its average target price, indicating that there is an analyst consensus of strong upside potential.
The largest shareholder is Baillie Gifford and Company, whose 8% stake in the company is worth $1,076,896,917.