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Hesai Group American Depositary Share, each ADS represents one Class B ordinary share (HSAI)HSAI

Upturn stock ratingUpturn stock rating
Hesai Group American Depositary Share, each ADS represents one Class B ordinary share
$4.23
Delayed price
Profit since last BUY-10.76%
WEAK BUY
upturn advisory
BUY since 37 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

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​ Upturn stock ratingUpturn stock rating
Today’s Advisory: WEAK BUY
Historic Profit: -29.12%
Upturn Advisory Performance Upturn Advisory Performance1
Avg. Invested days: 29
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn 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​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 1
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 11/18/2024
Upturn Advisory Performance Upturn Advisory Performance1

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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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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