NIO is a strong buy to continue rallying after earning
Company Summary
It has been stated that NIO's mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise.
NIO, which translates to “Blue Sky Coming” in its Chinese name, originated from NIO's vision of a future filled with blue skies. NIO believes that improved smart electric car technologies, coupled with better experience of car ownership, will drive increased appreciation and adoption of smart electric cars, leading to the fulfillment of this vision of blue skies and a more sustainable future for our planet.
NIO was founded at a time when the world has been experiencing what may be the most significant technological change in the more than 100 years’ of development of the automotive industry. Increasingly sophisticated technologies such as autonomous driving, electric car technology, artificial intelligence, and cloud services are reshaping the automotive industry.
NIO believes that these innovative technologies will not only relieve drivers from the monotony of their daily commutes, but also make cars safer and more environmentally friendly and transform the car into a mobile living space, ultimately becoming a broader part of a user’s lifestyle. NIO also believes that technological advances will reignite enthusiasm and passion toward automobiles.
EP9 supercar, introduced in 2016, set a world record as the then fastest all-electric car on the track at the Nürburgring Nordschleife “Green Hell” track in Germany in May 2017, finishing a lap in 6 minutes and 45.90 seconds. Combined with an attractive design and strong driving performance, the EP9 delivers extraordinary acceleration and best-in-class electric powertrain technology, helping position NIO as a premium brand.
NIO has launched its first volume manufactured electric vehicle, the ES8, to the public at NIO Day event on December 16, 2017 and began making deliveries to users on June 28, 2018. The ES8 is a 7-seater all aluminum alloy body, premium electric SUV that offers exceptional performance, functionality and mobility lifestyle. As of August 28, 2018, NIO had received 15,761 unfulfilled ES8 reservations with deposits.
NIO plans to launch its second volume manufactured electric vehicle, the ES6, by the end of 2018 and start initial deliveries in the first half of 2019. The ES6 is a 5-seater, high-performance premium electric SUV, set at a lower price point than the ES8 to target a broader customer base.
Mr. Louis T. Hsieh has served as NIO's Chief Financial Officer since May 2017. Mr. Hsieh also serves as a non-executive director at New Oriental Education and Technology Group, or New Oriental, a NYSE-listed company providing private educational services in China. Mr. Hsieh joined New Oriental in 2005 and served as chief financial officer from 2005 to 2015, as President from 2008 to 2016, and director since 2007. He is also an independent director and chairman of audit committee for each of JD.com, Inc., China’s largest direct sales internet company; YUM China Holdings, a NYSE-listed restaurant company operating KFC, Pizza Hut, Little Sheep Hot Pot, Taco Bell in China; and from 2016 to 2017 at Nord Anglia Education, Inc., a NYSE-listed education company, which was taken private in July 2017. Prior to joining New Oriental, Mr. Hsieh held senior executive positions in private equity and investment banking with UBS Capital (Managing Director and Asia Tech/Media/Telecom head), JP Morgan (vice president) and Credit Suisse, and served as a corporate and securities law attorney at White & Case LLP. Mr. Hsieh received a bachelor’s degree in industrial engineering and engineering management from Stanford University, a master’s degree in business administration from the Harvard Business School, and a juris doctor degree from the University of California at Berkeley.
Accordint to Mr. Hsieh, the fair value per share, prior to IPO, is as follow:
March 31, 2015 => $0.79
September 30, 2015 => $0.72
December 31, 2015 => $0.86
March 10, 2016 => $0.96
March 31, 2016 => $0.99
June 30, 2016 => $1.15
July 31, 2016 => $1.21
September 30, 2016 => $1.25
December 31, 2016 => $1.30
January 31, 2017 => $1.32
March 31, 2017 => $1.80
June 30, 2017 => $1.80
September 30, 2017 => $2.05
December 31, 2017 => $2.55
March 31, 2018 => $3.38
June 30, 2018 => $4.62
Statistics
Shares Outstanding: 160M at $6.26 IPO price (1.01B)
Avg Daily Vol: 74.3M
Market Cap: 8.9B
52-Week High: $13.80
52-Week Low: $5.35
Forward PE: NA
Annual Div/Dividend Yield: $0.00 / 0.00%
Annual Rev: ~7.0M
Inst Own: ~42%
1-Month Return: ~84%
3-Month Return: ~149%
Next Earnings Report Date: 9/30/2018
Earnings ESP: -$2.17
Revenue Per Employee: ~$2350
Money Flow Ratio: ~1.04%
Profitability
Revenue Growth: ~229% (Sector Average 5.9%)
Gross Margin: NA (Sector Average 15.3%)
Return on Equity: NA (Sector Average 14.8%)
Net Margin: NA (Sector Average 3.2%)
Debt
Current Ratio: NA (Sector Average 1.0)
Debt-to-Capital: NA (Sector Average 68.4%)
Interest Funding: NA (Sector Average 11.5%)
Interest Coverage: NA (Sector Average 6)
Dividend
Dividend Growth: NA (Sector Average 2.4%)
Dividend Payout: NA (Sector Average 30.5%)
Dividend Coverage: NA (Sector Average 8.3)
Dividend Yield: NA (Sector Average 0.00%)
Top Peer Companies
Audi (OTCPK:AUDVF, OTCPK:VLKAY)
BMW (OTCPK:BMWYY)
CarGurus Inc (NASDAQ: CARG)
Carvana Co (CVNA)
Electrameccanica VEHS ORD (NASDAQ:SOLO)
Ferrari N. V. (NYSE: RACE)
Fiat Chrysler Automobiles N.V. (NYSE: FCAU)
Fiskars Oyj Abp (FSKRS.HE)
Ford Motor Company (NYSE: F)
General Motors Company (NYSE: GM)
Honda Motor Company, Ltd (NYSE: HMC)
Huya Inc (NYSE: HUYA)
IQIYI Inc (NASDAQ: IQ)
Kandi Technologies Group Inc (NASDAQ: KNDI)
Mercedes-Benz (OTCPK:DDAIF)
Porsche Automobil Holding SE (PAH3.DH)
Rev Group Inc (NYSE: REVG)
Spartan Motors Inc (NASDAQ: SPAR)
Tata Motors Ltd (NYSE: TTM)
Tesla (NASDAQ:TSLA)
Toyota Motor Corp (NYSE: TM)
Uxin Ltd (NASDAQ: UXIN)
12 Month Price Target
Mean: $85.06
High: $102.83
Low: $48.15
Revenue Growth
~229%
Earnings Surprise
Positive (+24.7%)
It has been stated that NIO's mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise.
NIO, which translates to “Blue Sky Coming” in its Chinese name, originated from NIO's vision of a future filled with blue skies. NIO believes that improved smart electric car technologies, coupled with better experience of car ownership, will drive increased appreciation and adoption of smart electric cars, leading to the fulfillment of this vision of blue skies and a more sustainable future for our planet.
NIO was founded at a time when the world has been experiencing what may be the most significant technological change in the more than 100 years’ of development of the automotive industry. Increasingly sophisticated technologies such as autonomous driving, electric car technology, artificial intelligence, and cloud services are reshaping the automotive industry.
NIO believes that these innovative technologies will not only relieve drivers from the monotony of their daily commutes, but also make cars safer and more environmentally friendly and transform the car into a mobile living space, ultimately becoming a broader part of a user’s lifestyle. NIO also believes that technological advances will reignite enthusiasm and passion toward automobiles.
EP9 supercar, introduced in 2016, set a world record as the then fastest all-electric car on the track at the Nürburgring Nordschleife “Green Hell” track in Germany in May 2017, finishing a lap in 6 minutes and 45.90 seconds. Combined with an attractive design and strong driving performance, the EP9 delivers extraordinary acceleration and best-in-class electric powertrain technology, helping position NIO as a premium brand.
NIO has launched its first volume manufactured electric vehicle, the ES8, to the public at NIO Day event on December 16, 2017 and began making deliveries to users on June 28, 2018. The ES8 is a 7-seater all aluminum alloy body, premium electric SUV that offers exceptional performance, functionality and mobility lifestyle. As of August 28, 2018, NIO had received 15,761 unfulfilled ES8 reservations with deposits.
NIO plans to launch its second volume manufactured electric vehicle, the ES6, by the end of 2018 and start initial deliveries in the first half of 2019. The ES6 is a 5-seater, high-performance premium electric SUV, set at a lower price point than the ES8 to target a broader customer base.
Mr. Louis T. Hsieh has served as NIO's Chief Financial Officer since May 2017. Mr. Hsieh also serves as a non-executive director at New Oriental Education and Technology Group, or New Oriental, a NYSE-listed company providing private educational services in China. Mr. Hsieh joined New Oriental in 2005 and served as chief financial officer from 2005 to 2015, as President from 2008 to 2016, and director since 2007. He is also an independent director and chairman of audit committee for each of JD.com, Inc., China’s largest direct sales internet company; YUM China Holdings, a NYSE-listed restaurant company operating KFC, Pizza Hut, Little Sheep Hot Pot, Taco Bell in China; and from 2016 to 2017 at Nord Anglia Education, Inc., a NYSE-listed education company, which was taken private in July 2017. Prior to joining New Oriental, Mr. Hsieh held senior executive positions in private equity and investment banking with UBS Capital (Managing Director and Asia Tech/Media/Telecom head), JP Morgan (vice president) and Credit Suisse, and served as a corporate and securities law attorney at White & Case LLP. Mr. Hsieh received a bachelor’s degree in industrial engineering and engineering management from Stanford University, a master’s degree in business administration from the Harvard Business School, and a juris doctor degree from the University of California at Berkeley.
Accordint to Mr. Hsieh, the fair value per share, prior to IPO, is as follow:
March 31, 2015 => $0.79
September 30, 2015 => $0.72
December 31, 2015 => $0.86
March 10, 2016 => $0.96
March 31, 2016 => $0.99
June 30, 2016 => $1.15
July 31, 2016 => $1.21
September 30, 2016 => $1.25
December 31, 2016 => $1.30
January 31, 2017 => $1.32
March 31, 2017 => $1.80
June 30, 2017 => $1.80
September 30, 2017 => $2.05
December 31, 2017 => $2.55
March 31, 2018 => $3.38
June 30, 2018 => $4.62
Statistics
Shares Outstanding: 160M at $6.26 IPO price (1.01B)
Avg Daily Vol: 74.3M
Market Cap: 8.9B
52-Week High: $13.80
52-Week Low: $5.35
Forward PE: NA
Annual Div/Dividend Yield: $0.00 / 0.00%
Annual Rev: ~7.0M
Inst Own: ~42%
1-Month Return: ~84%
3-Month Return: ~149%
Next Earnings Report Date: 9/30/2018
Earnings ESP: -$2.17
Revenue Per Employee: ~$2350
Money Flow Ratio: ~1.04%
Profitability
Revenue Growth: ~229% (Sector Average 5.9%)
Gross Margin: NA (Sector Average 15.3%)
Return on Equity: NA (Sector Average 14.8%)
Net Margin: NA (Sector Average 3.2%)
Debt
Current Ratio: NA (Sector Average 1.0)
Debt-to-Capital: NA (Sector Average 68.4%)
Interest Funding: NA (Sector Average 11.5%)
Interest Coverage: NA (Sector Average 6)
Dividend
Dividend Growth: NA (Sector Average 2.4%)
Dividend Payout: NA (Sector Average 30.5%)
Dividend Coverage: NA (Sector Average 8.3)
Dividend Yield: NA (Sector Average 0.00%)
Top Peer Companies
Audi (OTCPK:AUDVF, OTCPK:VLKAY)
BMW (OTCPK:BMWYY)
CarGurus Inc (NASDAQ: CARG)
Carvana Co (CVNA)
Electrameccanica VEHS ORD (NASDAQ:SOLO)
Ferrari N. V. (NYSE: RACE)
Fiat Chrysler Automobiles N.V. (NYSE: FCAU)
Fiskars Oyj Abp (FSKRS.HE)
Ford Motor Company (NYSE: F)
General Motors Company (NYSE: GM)
Honda Motor Company, Ltd (NYSE: HMC)
Huya Inc (NYSE: HUYA)
IQIYI Inc (NASDAQ: IQ)
Kandi Technologies Group Inc (NASDAQ: KNDI)
Mercedes-Benz (OTCPK:DDAIF)
Porsche Automobil Holding SE (PAH3.DH)
Rev Group Inc (NYSE: REVG)
Spartan Motors Inc (NASDAQ: SPAR)
Tata Motors Ltd (NYSE: TTM)
Tesla (NASDAQ:TSLA)
Toyota Motor Corp (NYSE: TM)
Uxin Ltd (NASDAQ: UXIN)
12 Month Price Target
Mean: $85.06
High: $102.83
Low: $48.15
Revenue Growth
~229%
Earnings Surprise
Positive (+24.7%)
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