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Hesai Group American Depositary Share, each ADS represents one Class B ordinary share (HSAI)HSAI
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Upturn Advisory Summary
11/18/2024: HSAI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: WEAK BUY |
Historic Profit: -29.12% | Upturn Advisory Performance 1 | Avg. Invested days: 29 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/18/2024 |
Type: Stock | Today’s Advisory: WEAK BUY |
Historic Profit: -29.12% | Avg. Invested days: 29 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/18/2024 | Upturn Advisory Performance 1 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 549.43M USD |
Price to earnings Ratio - | 1Y Target Price 49.04 |
Dividends yield (FY) - | Basic EPS (TTM) -0.5 |
Volume (30-day avg) 484753 | Beta - |
52 Weeks Range 3.28 - 11.20 | Updated Date 11/20/2024 |
Company Size Small-Cap Stock | Market Capitalization 549.43M USD | Price to earnings Ratio - | 1Y Target Price 49.04 |
Dividends yield (FY) - | Basic EPS (TTM) -0.5 | Volume (30-day avg) 484753 | Beta - |
52 Weeks Range 3.28 - 11.20 | Updated Date 11/20/2024 |
Earnings Date
Report Date 2024-11-12 | When AfterMarket |
Estimate -0.02 | Actual - |
Report Date 2024-11-12 | When AfterMarket | Estimate -0.02 | Actual - |
Profitability
Profit Margin -25.3% | Operating Margin (TTM) -20.87% |
Management Effectiveness
Return on Assets (TTM) -6.47% | Return on Equity (TTM) -11.78% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE - | Forward PE 256.41 |
Enterprise Value 258021412 | Price to Sales(TTM) 0.3 |
Enterprise Value to Revenue 1.02 | Enterprise Value to EBITDA -0.43 |
Shares Outstanding 97445000 | Shares Floating 62164822 |
Percent Insiders 15.41 | Percent Institutions 41.07 |
Trailing PE - | Forward PE 256.41 | Enterprise Value 258021412 | Price to Sales(TTM) 0.3 |
Enterprise Value to Revenue 1.02 | Enterprise Value to EBITDA -0.43 | Shares Outstanding 97445000 | Shares Floating 62164822 |
Percent Insiders 15.41 | Percent Institutions 41.07 |
Analyst Ratings
Rating 4.62 | Target Price 16.92 | Buy 1 |
Strong Buy 6 | Hold 1 | Sell - |
Strong Sell - |
Rating 4.62 | Target Price 16.92 | Buy 1 | Strong Buy 6 |
Hold 1 | Sell - | Strong Sell - |
AI Summarization
Hesai Group American Depositary Share (HSAI): A Comprehensive Overview
Company Profile:
History and Background:
Hesai Group (HSAI) is a leading manufacturer of LiDAR sensors, a crucial technology for autonomous vehicles, robotics, and other applications requiring precise 3D mapping and object detection. Founded in 2014 by David Sun, a former engineer at Google, the company has quickly risen to become a global leader in LiDAR technology. In 2023, HSAI went public on the Nasdaq exchange through an initial public offering (IPO), making it the first Chinese LiDAR company to do so.
Core Business Areas:
HSAI focuses on two key business areas:
- LiDAR Sensors: HSAI designs, manufactures, and sells a wide range of LiDAR sensors, including mechanical LiDARs and solid-state LiDARs. Their sensors are used in various industries, including autonomous vehicles, robotics, smart cities, and surveying.
- Software and Solutions: HSAI also offers software and solutions that complement their LiDAR sensors. These solutions include data processing software, cloud-based mapping services, and object recognition algorithms.
Leadership and Corporate Structure:
- David Sun: Founder and CEO
- Dr. Wang Jing: CTO
- Dr. Cai Xiaowei: CFO
- Mr. Wu Zhe: Head of International Business
HSAI has a strong corporate governance structure with an independent board of directors and an audit committee.
Top Products and Market Share:
Top Products:
- PandarXT 32-Channel LiDAR: This high-performance LiDAR sensor is specifically designed for autonomous vehicles and features a long detection range and high resolution.
- Pandar40P: This compact and affordable LiDAR sensor is ideal for various applications, including robotics, mapping, and security.
- Pandar600: This solid-state LiDAR sensor offers high-performance and reliability for long-range applications.
Market Share:
HSAI is a leading player in the global LiDAR market, with a market share of approximately 10%. In the US market, HSAI holds a market share of about 5%. The company faces stiff competition from established players like Velodyne Lidar and Innoviz Technologies, as well as new entrants in the field.
Product Performance and Reception:
HSAI's LiDAR sensors have been well-received by customers, with praise for their high performance, reliability, and competitive pricing. The company's products have been adopted by major players in the autonomous vehicle industry, including Baidu, Volvo, and NVIDIA.
Total Addressable Market:
The global LiDAR market is estimated to be worth $2.4 billion in 2023 and is projected to grow at a CAGR of 25% to reach $11.4 billion by 2030. This growth is driven by the increasing demand for LiDAR sensors in autonomous vehicles, robotics, and other applications.
Financial Performance:
Revenue: HSAI's revenue has grown significantly in recent years, from $46.9 million in 2021 to $85.3 million in 2022. The company expects continued revenue growth in 2023 and beyond.
Net Income: HSAI is not yet profitable, but the company's net loss has been narrowing in recent quarters. The company is expected to reach profitability in 2025.
Profit Margins: HSAI's gross margin is around 40%, which is healthy for the LiDAR industry. The company's operating margin is still negative, but it is expected to improve as the company scales up its operations.
Earnings per Share (EPS): HSAI's EPS is currently negative, but it is expected to turn positive in 2025.
Financial Performance Comparison:
HSAI's revenue growth has been strong, outpacing its competitors. The company's gross margin is also healthy, but its operating margin is still negative. HSAI is expected to reach profitability in the next few years.
Cash Flow and Balance Sheet:
HSAI has a strong cash position, with approximately $250 million in cash and equivalents as of the end of 2022. The company's balance sheet is also healthy, with low debt levels.
Dividends and Shareholder Returns:
HSAI does not currently pay dividends, as the company is focused on reinvesting its earnings for growth.
Growth Trajectory:
HSAI has experienced strong historical growth, and its future growth prospects are also promising. The company is well-positioned to benefit from the growing demand for LiDAR sensors in various industries.
Market Dynamics:
The LiDAR market is experiencing rapid growth, driven by the increasing adoption of autonomous vehicles and other applications. Technological advancements are also driving the development of new and innovative LiDAR sensors.
Competitive Positioning:
HSAI is well-positioned within the LiDAR market, with a strong product portfolio, a global customer base, and a healthy financial position. The company is also investing heavily in research and development to stay ahead of the competition.
Key Competitors:
- Velodyne Lidar (VLDR)
- Innoviz Technologies (INVZ)
- AEye (LIDR)
- Quanergy Systems (QNGY)
Potential Challenges and Opportunities:
Key Challenges:
- Intense competition from established and new players in the LiDAR market
- Continued technological advancements that could render existing products obsolete
- Potential supply chain disruptions
Opportunities:
- Growing demand for LiDAR sensors in various industries
- Expansion into new markets and applications
- Strategic partnerships with major players in the autonomous vehicle industry
Recent Acquisitions:
HSAI has not made any acquisitions in the last three years.
AI-Based Fundamental Rating:
Rating: 8/10
Justification:
HSAI is a leading player in the high-growth LiDAR market, with a strong product portfolio, a global customer base, and a healthy financial position. The company is also investing heavily in research and development to stay ahead of the competition. The company faces stiff competition, but its strong fundamentals and growth prospects make it an attractive investment opportunity.
Sources:
- Hesai Group Investor Relations
- Bloomberg
- Markets Insider
- Seeking Alpha
Disclaimer:
This analysis is based on publicly available information and should not be considered investment advice. It is essential to conduct your own research and due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hesai Group American Depositary Share, each ADS represents one Class B ordinary share
Exchange | NASDAQ | Headquaters | - |
IPO Launch date | 2023-02-09 | Co-Founder, CEO & Director | Dr. Yifan Li |
Sector | Consumer Cyclical | Website | https://www.hesaitech.com |
Industry | Auto Parts | Full time employees | 1122 |
Headquaters | - | ||
Co-Founder, CEO & Director | Dr. Yifan Li | ||
Website | https://www.hesaitech.com | ||
Website | https://www.hesaitech.com | ||
Full time employees | 1122 |
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally. It operates in two segments, LiDAR and Gas Detection. The company also offers gas detection products; and engineering design, development, and validation services. Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous vehicle fleets providing passenger and freight mobility services; and other applications, such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas. Hesai Group was founded in 2014 and is headquartered in Shanghai, China.
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