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NIO Inc
HKEX:9866

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NIO Inc
HKEX:9866
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Price: 39.28 HKD 7.44% Market Closed
Market Cap: HK$82B
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Relative Value

The Relative Value of one NIO Inc stock under the Base Case scenario is 87.74 HKD. Compared to the current market price of 39.28 HKD, NIO Inc is Undervalued by 55%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
87.74 HKD
Undervaluation 55%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

P/S
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P/E
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P/OCF
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P/FCFE
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P/B
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EV/S
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EV/GP
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EV/EBITDA
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EV/EBIT
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EV/OCF
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EV/FCFF
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EV/IC
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Multiples Across Competitors

Competitors Multiples
NIO Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
NIO Inc
HKEX:9866
11.4B HKD 1.1 -3.4 -5.2 -4.6
US
Tesla Inc
NASDAQ:TSLA
1.4T USD 14.5 362.9 121.8 276.2
JP
Toyota Motor Corp
TSE:7203
49.3T JPY 1 10.6 8.5 12.9
CN
BYD Co Ltd
SZSE:002594
820.7B CNY 1 21.4 20.7 20.7
DE
Mercedes Benz Group AG
MIL:MBG
75.3B EUR 0.5 4.9 4.5 6.1
KR
Hyundai Motor Co
KRX:005380
121.7T KRW 0.7 11.4 13.5 18.2
US
General Motors Co
NYSE:GM
76.2B USD 0.4 24 8.4 56.5
DE
Daimler AG
XETRA:DAI
67.5B EUR 0.4 3.7 4 5.4
IT
Ferrari NV
MIL:RACE
54.7B EUR 7.8 34.2 21.1 27.9
DE
Bayerische Motoren Werke AG
XETRA:BMW
53.8B EUR 0.4 7.7 5.4 10
DE
Mercedes-Benz Group AG
XETRA:MBG
52.1B EUR 0.4 8.3 6.5 13.4
P/E Multiple
Earnings Growth PEG
CN
NIO Inc
HKEX:9866
Average P/E: 48.9
Negative Multiple: -3.4 		N/A N/A
US
Tesla Inc
NASDAQ:TSLA
362.9
38%
9.5
JP
Toyota Motor Corp
TSE:7203
10.6
0%
N/A
CN
BYD Co Ltd
SZSE:002594
21.4
15%
1.4
DE
Mercedes Benz Group AG
MIL:MBG
4.9
0%
N/A
KR
Hyundai Motor Co
KRX:005380
11.4
3%
3.8
US
General Motors Co
NYSE:GM
24
64%
0.4
DE
Daimler AG
XETRA:DAI
3.7
N/A N/A
IT
Ferrari NV
MIL:RACE
34.2
11%
3.1
DE
Bayerische Motoren Werke AG
XETRA:BMW
7.7
2%
3.9
DE
Mercedes-Benz Group AG
XETRA:MBG
8.3
-7%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
NIO Inc
HKEX:9866
Average EV/EBITDA: 21.4
Negative Multiple: -5.2 		N/A N/A
US
Tesla Inc
NASDAQ:TSLA
121.8
47%
2.6
JP
Toyota Motor Corp
TSE:7203
8.5
-1%
N/A
CN
BYD Co Ltd
SZSE:002594
20.7
46%
0.5
DE
Mercedes Benz Group AG
MIL:MBG
4.5
4%
1.1
KR
Hyundai Motor Co
KRX:005380
13.5
3%
4.5
US
General Motors Co
NYSE:GM
8.4
16%
0.5
DE
Daimler AG
XETRA:DAI
4
N/A N/A
IT
Ferrari NV
MIL:RACE
21.1
8%
2.6
DE
Bayerische Motoren Werke AG
XETRA:BMW
5.4
4%
1.3
DE
Mercedes-Benz Group AG
XETRA:MBG
6.5
-2%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
NIO Inc
HKEX:9866
Average EV/EBIT: 44.7
Negative Multiple: -4.6 		N/A N/A
US
Tesla Inc
NASDAQ:TSLA
276.2
64%
4.3
JP
Toyota Motor Corp
TSE:7203
12.9
N/A N/A
CN
BYD Co Ltd
SZSE:002594
20.7
13%
1.6
DE
Mercedes Benz Group AG
MIL:MBG
6.1
3%
2
KR
Hyundai Motor Co
KRX:005380
18.2
0%
N/A
US
General Motors Co
NYSE:GM
56.5
80%
0.7
DE
Daimler AG
XETRA:DAI
5.4
N/A N/A
IT
Ferrari NV
MIL:RACE
27.9
10%
2.8
DE
Bayerische Motoren Werke AG
XETRA:BMW
10
1%
10
DE
Mercedes-Benz Group AG
XETRA:MBG
13.4
-6%
N/A

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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