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EHang Holdings

Nasdaq:EH
Snowflake Description

Exceptional growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EH
Nasdaq
$570M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • EHang Holdings has significant price volatility in the past 3 months.
EH Share Price and Events
7 Day Returns
5%
NasdaqGM:EH
13.6%
US Aerospace & Defense
7.2%
US Market
1 Year Returns
-
NasdaqGM:EH
-10%
US Aerospace & Defense
-10.4%
US Market
EH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EHang Holdings (EH) 5% -1.6% -14.3% - - -
US Aerospace & Defense 13.6% -16.8% -23.5% -10% 4.5% 27.6%
US Market 7.2% -12.6% -19.4% -10.4% 8.3% 21%
1 Year Return vs Industry and Market
  • No trading data on EH.
  • No trading data on EH.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is EHang Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for EHang Holdings. This is due to cash flow or dividend data being unavailable. The share price is $10.8799.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for EHang Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EHang Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:EH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥-2.48
NasdaqGM:EH Share Price ** NasdaqGM (2020-03-31) in USD $10.88
NasdaqGM:EH Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 7.082 CN¥77.05
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 37 Publicly-Listed Aerospace & Defense Companies 15.2x
United States of America Market PE Ratio Median Figure of 2,938 Publicly-Listed Companies 13.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of EHang Holdings.

NasdaqGM:EH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:EH Share Price ÷ EPS (both in CNY)

= 77.05 ÷ -2.48

-31.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EHang Holdings is loss making, we can't compare its value to the US Aerospace & Defense industry average.
  • EHang Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does EHang Holdings's expected growth come at a high price?
Raw Data
NasdaqGM:EH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -31.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
135%per year
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 30 Publicly-Listed Aerospace & Defense Companies 1.74x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 1.01x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for EHang Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on EHang Holdings's assets?
Raw Data
NasdaqGM:EH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥8.75
NasdaqGM:EH Share Price * NasdaqGM (2020-03-31) in USD $10.88
NasdaqGM:EH Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 7.082 CN¥77.05
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 51 Publicly-Listed Aerospace & Defense Companies 1.83x
United States of America Market PB Ratio Median Figure of 5,134 Publicly-Listed Companies 1.27x
NasdaqGM:EH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:EH Share Price ÷ Book Value per Share (both in CNY)

= 77.05 ÷ 8.75

8.81x

* Primary Listing of EHang Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EHang Holdings is overvalued based on assets compared to the US Aerospace & Defense industry average.
X
Value checks
We assess EHang Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. EHang Holdings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is EHang Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
135%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EHang Holdings expected to grow at an attractive rate?
  • EHang Holdings's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • EHang Holdings's earnings growth is expected to exceed the United States of America market average.
  • EHang Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:EH Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:EH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 135%
NasdaqGM:EH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 67.6%
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:EH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:EH Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,491 1
2021-12-31 2,107 355 2
2020-12-31 568 47 2
2020-04-01
NasdaqGM:EH Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 122 -55 -76
2019-09-30 78 -77 -87
2019-06-30 61 -54 -90
2019-03-31 64 -49 -84
2018-12-31 66 -43 -79
2017-12-31 32 -38 -95

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EHang Holdings's earnings are expected to grow significantly at over 20% yearly.
  • EHang Holdings's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:EH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from EHang Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:EH Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 6.64 6.64 6.64 1.00
2020-12-31 0.89 0.89 0.89 1.00
2020-04-01
NasdaqGM:EH Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 -2.48
2019-09-30 -3.04
2019-06-30 -3.16
2019-03-31 -2.97
2018-12-31 -2.79
2017-12-31 -3.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • EHang Holdings is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess EHang Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
EHang Holdings has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has EHang Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare EHang Holdings's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • EHang Holdings does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare EHang Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare EHang Holdings's 1-year growth to the US Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
EHang Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from EHang Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:EH Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 121.81 -75.79 63.80 57.17
2019-09-30 77.62 -87.43 63.78 54.96
2019-06-30 60.52 -89.76 62.85 59.84
2019-03-31 63.50 -84.44 59.48 60.06
2018-12-31 66.49 -79.11 56.11 60.28
2017-12-31 31.70 -95.00 65.74 68.67

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if EHang Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if EHang Holdings has efficiently used its assets last year compared to the US Aerospace & Defense industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if EHang Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess EHang Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
EHang Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is EHang Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up EHang Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EHang Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • EHang Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of EHang Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 11.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from EHang Holdings Company Filings, last reported 3 months ago.

NasdaqGM:EH Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 315.36 37.53 329.34
2019-09-30 76.35 37.48 64.47
2019-06-30 81.84 12.43 68.65
2019-03-31 81.84 12.43 68.65
2018-12-31 62.42 12.26 61.52
2017-12-31 114.86 0.00 100.46
  • EHang Holdings's level of debt (11.9%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if EHang Holdings's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • EHang Holdings has sufficient cash runway for more than 3 years based on current free cash flow.
  • EHang Holdings has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 16.6% each year.
X
Financial health checks
We assess EHang Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. EHang Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is EHang Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from EHang Holdings dividends. Estimated to be 0% next year.
If you bought $2,000 of EHang Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate EHang Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate EHang Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:EH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:EH Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-04-01

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as EHang Holdings has not reported any payouts.
  • Unable to verify if EHang Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of EHang Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as EHang Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of EHang Holdings's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess EHang Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can EHang Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EHang Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of EHang Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Huazhi Hu
AGE 41
CEO Bio

Mr. Huazhi Hu serves as Chairman, Founder and Chief Executive Officer at EHang Holdings Limited.

CEO Compensation
  • Insufficient data for Huazhi to compare compensation growth.
  • Insufficient data for Huazhi to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Huazhi Hu

TITLE
Founder
AGE
41

Derrick Xiong

TITLE
Co-Founder
AGE
29

Richard Liu

TITLE
Chief Financial Officer
AGE
44

Edward Xu

TITLE
Chief Strategy Officer
AGE
42
Board of Directors

Huazhi Hu

TITLE
Founder
AGE
41

Derrick Xiong

TITLE
Co-Founder
AGE
29

Haoxiang Hou

TITLE
Independent Director
AGE
29

Conor Yang

TITLE
Independent Director
AGE
55

Jenny Lee

TITLE
Director
AGE
46
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess EHang Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. EHang Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for a range of industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions. The company was incorporated in 2014 and is headquartered in Guangzhou, the People’s Republic of China.

Details
Name: EHang Holdings Limited
EH
Exchange: NasdaqGM
Founded: 2014
$569,632,040
53,038,365
Website: http://www.ehang.com
Address: EHang Holdings Limited
Building C,
Yixiang Technology Park,
Guangzhou,
Guangdong Province, 510700,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM EH ADS Nasdaq Global Market US USD 12. Dec 2019
Number of employees
Current staff
Staff numbers
233
EHang Holdings employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 01:50
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/03/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.