Autohome Inc. (ATHM) 10-Year Financial Performance & Capital Metrics

ATHM • • Industrial / General

Communication ServicesInternet ServicesSpecialized Digital ServicesInsurance & Financial Services

AboutAutohome Inc. operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps. It provides media services, including automaker advertising services and regional marketing campaigns; and leads generation services comprising dealer subscription services, advertising services for individual dealers, and used automobile listing and other platform-based services. The company also offers Autohome Mall, an online transaction platform for users to review automotive-related information, purchase coupons offered by automakers for discounts, and make purchases to complete the transaction; data products; and online bidding platform for used automobiles, as well as collects commissions for facilitating transactions of auto-financing and insurance products on its platform. The company was formerly known as Sequel Limited and changed its name to Autohome Inc. in October 2011. Autohome Inc. was incorporated in 2008 and is headquartered in Beijing, the People's Republic of China.Show more

Revenue $7.04B -2.0%
EBITDA $1.25B -16.2%
Net Income $1.79B -11.9%
EPS (Diluted) 13.31 -78.3%
Gross Margin 78.93% -1.8%
EBITDA Margin 17.73% -14.5%
Operating Margin 14.26% -10.0%
Net Margin 25.46% -10.1%
ROE 7.12% -12.1%
ROIC 3.42% -14.2%
Debt/Equity 0.00 -50.7%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 17.5% free cash flow margin
✓Healthy 5Y average net margin of 31.0%
✓Trading at only 0.1x book value

✗Weaknesses

✗Profits declining 10.9% over 5 years
✗Weak momentum: RS Rating 20 (bottom 20%)
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.68%

5Y-3.52%

3Y-0.92%

TTM-5.63%

Profit (Net Income) CAGR

10Y9.12%

5Y-10.95%

3Y-11.21%

TTM-16.58%

EPS CAGR

10Y7.2%

5Y-13.04%

3Y-42.12%

TTM-87.23%

ROCE

10Y Avg26.05%

5Y Avg29.67%

3Y Avg4.44%

Latest3.9%

Peer Comparison

Insurance & Financial Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MAXMediaAlpha, Inc.	535.32M	11.58	37.35	122.78%	-0.1%		8.52%
EVEREverQuote, Inc.	813.32M	25.14	28.57	73.72%	8.36%	30.79%	7.68%	0.03
ATHMAutohome Inc.	2.75B	23.24	1.75	-2.01%	23.62%	6.31%	44.8%	0.00
JFINJiayin Group Inc.	184.85M	7.01	0.35	6.11%	26.17%	39.74%	100%	0.02
CCGCheche Group Inc.	53.99M	0.83	-1.17	5.2%	-1%	-9.35%		0.10
MNYMoneyHero Limited Class A Ordinary Shares	37.5M	1.25	-1.39	-1.44%	-22.13%	-35.56%		0.02

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.46B	5.96B	6.21B	7.23B	8.42B	8.66B	7.24B	6.94B	7.18B	7.04B
Revenue Growth %	0.62%	0.72%	0.04%	0.16%	0.16%	0.03%	-0.16%	-0.04%	0.04%	-0.02%
Cost of Goods Sold+	669.12M	2.39B	1.36B	820.29M	960.29M	961.17M	1.05B	1.24B	1.41B	1.48B
COGS % of Revenue	0.19%	0.4%	0.22%	0.11%	0.11%	0.11%	0.14%	0.18%	0.2%	0.21%
Gross Profit+	2.79B	3.57B	4.85B	6.41B	7.46B	7.7B	6.19B	5.71B	5.77B	5.56B
Gross Margin %	0.81%	0.6%	0.78%	0.89%	0.89%	0.89%	0.86%	0.82%	0.8%	0.79%
Gross Profit Growth %	0.6%	0.28%	0.36%	0.32%	0.16%	0.03%	-0.2%	-0.08%	0.01%	-0.04%
Operating Expenses+	1.58B	2.4B	2.8B	3.54B	4.22B	4.55B	4.41B	4.46B	4.63B	4.55B
OpEx % of Revenue	0.46%	0.4%	0.45%	0.49%	0.5%	0.53%	0.61%	0.64%	0.65%	0.65%
Selling, General & Admin	1.32B	1.84B	1.93B	2.75B	3.41B	3.63B	3.3B	3.36B	3.57B	3.52B
SG&A % of Revenue	0.38%	0.31%	0.31%	0.38%	0.41%	0.42%	0.46%	0.48%	0.5%	0.5%
Research & Development	273.91M	571.35M	878.77M	1.14B	1.29B	1.36B	1.4B	1.42B	1.35B	1.32B
R&D % of Revenue	0.08%	0.1%	0.14%	0.16%	0.15%	0.16%	0.19%	0.2%	0.19%	0.19%
Other Operating Expenses	0	0	-8.58M	-11.02M	-477.7M	-443.21M	-294.24M	-318.68M	-288.46M	-288.55M
Operating Income+	1.2B	1.15B	2.04B	2.87B	3.24B	3.15B	1.78B	1.25B	1.14B	1B
Operating Margin %	0.35%	0.19%	0.33%	0.4%	0.38%	0.36%	0.25%	0.18%	0.16%	0.14%
Operating Income Growth %	0.33%	-0.04%	0.77%	0.4%	0.13%	-0.03%	-0.43%	-0.3%	-0.09%	-0.12%
EBITDA+	1.26B	1.22B	2.13B	2.97B	3.35B	3.32B	2.21B	1.67B	1.49B	1.25B
EBITDA Margin %	0.36%	0.21%	0.34%	0.41%	0.4%	0.38%	0.31%	0.24%	0.21%	0.18%
EBITDA Growth %	0.33%	-0.03%	0.74%	0.39%	0.13%	-0.01%	-0.33%	-0.24%	-0.11%	-0.16%
D&A (Non-Cash Add-back)	56.58M	69.8M	88.84M	101.89M	118.6M	170.27M	431.16M	424.02M	352.57M	244.46M
EBIT	1.2B	1.17B	2.05B	2.87B	3.24B	3.15B	1.78B	1.25B	1.14B	1B
Net Interest Income+	63.22M	88.17M	220.28M	358.81M	464.53M	392.16M	395.25M	565.09M	831.01M	791.9M
Interest Income	63.22M	88.17M	220.28M	358.81M	464.53M	392.16M	395.25M	565.09M	831.01M	791.9M
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	76.38M	95.48M	218.29M	372.5M	465.21M	390.91M	395.55M	515.32M	860.14M	682.81M
Pretax Income+	1.28B	1.25B	2.26B	3.24B	3.7B	3.54B	2.18B	1.76B	2B	1.69B
Pretax Margin %	0.37%	0.21%	0.36%	0.45%	0.44%	0.41%	0.3%	0.25%	0.28%	0.24%
Income Tax+	285.54M	32.63M	267.08M	377.89M	500.36M	260.94M	34.01M	-61.78M	72.16M	62.96M
Effective Tax Rate %	0.78%	0.98%	0.89%	0.89%	0.86%	0.93%	1.18%	1.1%	1.02%	1.06%
Net Income+	990.65M	1.23B	2B	2.87B	3.2B	3.28B	2.56B	1.94B	2.03B	1.79B
Net Margin %	0.29%	0.21%	0.32%	0.4%	0.38%	0.38%	0.35%	0.28%	0.28%	0.25%
Net Income Growth %	0.32%	0.24%	0.63%	0.43%	0.11%	0.02%	-0.22%	-0.24%	0.05%	-0.12%
Net Income (Continuing)	990.65M	1.22B	1.99B	2.86B	3.2B	3.28B	2.14B	1.82B	1.93B	1.62B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	-9.19M	-16.35M	-23.84M	-3.32M	180.9M	1.18B	1.2B	1.25B	1.25B
EPS (Diluted)+	8.57	10.58	16.95	24.08	26.76	27.32	68.64	57.92	61.28	13.31
EPS Growth %	0.29%	0.23%	0.6%	0.42%	0.11%	0.02%	1.51%	-0.16%	0.06%	-0.78%
EPS (Basic)	8.83	10.75	17.20	24.40	27.00	27.44	68.80	57.92	61.44	13.36
Diluted Shares Outstanding	115.65M	116.04M	118.06M	119.24M	119.52M	119.92M	125.12M	124.92M	122.81M	121.64M
Basic Shares Outstanding	112.23M	114.24M	116.38M	117.67M	118.58M	119.37M	124.97M	124.79M	126.33M	121.24M
Dividend Payout Ratio	-	-	-	0.21%	-	0.2%	0.26%	0.22%	0.24%	0.83%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	884.48M	1.07B	1.58B	1.91B	2.35B	2.81B	23.33B	24.42B	25.52B	25.16B
Cash & Short-Term Investments	632.72M	824.38M	1.25B	1.46B	1.84B	2.24B	20.73B	22.08B	23.55B	23.32B
Cash Only	331.56M	474.39M	140.1M	30.82M	285.44M	267.78M	4.24B	2.8B	5B	1.69B
Short-Term Investments	301.17M	349.99M	1.11B	1.43B	1.55B	1.97B	16.5B	19.28B	18.55B	21.62B
Accounts Receivable	1.13B	1.24B	1.92B	2.88B	477.65M	523.66M	2.27B	2.02B	1.53B	1.47B
Days Sales Outstanding	118.68	76.22	112.78	145.29	20.7	22.07	114.24	105.97	77.75	76.12
Inventory	17.2M	13.77M	-1.78B	-2.63B	0	0	0	0	0	0
Days Inventory Outstanding	9.38	2.1	-	-	-	-	-	-	-	-
Other Current Assets	445.75M	386.54M	0	0	2.77M	1.66M	89.86M	9.18M	422.3M	43.2M
Total Non-Current Assets+	272.02M	259.67M	281.78M	357.66M	401.61M	820.63M	5.07B	5.29B	5.31B	5.06B
Property, Plant & Equipment	15.95M	19.38M	20.03M	24.74M	52.09M	94.72M	514.88M	370.42M	400.17M	302.97M
Fixed Asset Turnover	217.18x	307.59x	310.06x	292.33x	161.66x	91.42x	14.06x	18.74x	17.95x	23.24x
Goodwill	231.69M	216.65M	231.19M	218.69M	215.96M	622.56M	3.94B	3.94B	3.94B	3.94B
Intangible Assets	5.26M	4.27M	7.83M	5.73M	3.98M	67.34M	357.43M	278.49M	202.15M	127.82M
Long-Term Investments	19.11M	19.37M	22.73M	108.5M	124.99M	16.29M	70.72M	419.21M	448.34M	339.25M
Other Non-Current Assets	-272.02M	-22.43M	-174.62M	-90.18M	605.68K	7.55M	12.73M	15.35M	22.67M	37.67M
Total Assets+	7.53B	9.39B	12.29B	15.76B	2.75B	3.63B	28.4B	29.72B	30.84B	30.22B
Asset Turnover	0.46x	0.63x	0.51x	0.46x	3.06x	2.39x	0.25x	0.23x	0.23x	0.23x
Asset Growth %	0.43%	0.25%	0.31%	0.28%	-0.83%	0.32%	6.83%	0.05%	0.04%	-0.02%
Total Current Liabilities+	332.16M	366.4M	597.74M	605.48M	580.24M	640.03M	3.99B	4.06B	5.08B	4.53B
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Days Payables Outstanding	-	-	-	-	-	-	-	-	-	-
Short-Term Debt	174.94M	31.06M	0	0	18.47M	17.14M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	387.37M	713.03M	0	0	265.02M	298.83M	0	0	0	0
Current Ratio	2.66x	2.92x	2.64x	3.16x	4.05x	4.39x	5.85x	6.02x	5.03x	5.56x
Quick Ratio	2.61x	2.88x	5.62x	7.50x	4.05x	4.39x	5.85x	6.02x	5.03x	5.56x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	522.51M	496.77M	470.37M	479.99M	72.95M	112.6M	605.42M	568.52M	587.14M	491.18M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	3.31M	13.86M	28.62M	50.59M	89.19M	23.1M
Deferred Tax Liabilities	489.91M	461.8M	438.25M	455.92M	77.31M	96.56M	576.8M	517.93M	497.95M	468.08M
Other Non-Current Liabilities	522.51M	496.77M	470.37M	24.07M	-7.67M	2.18M	0	0	497.95M	0
Total Liabilities	412.64M	437.94M	597.74M	605.48M	653.19M	752.63M	4.59B	4.63B	5.66B	5.02B
Total Debt+	174.94M	31.06M	0	0	21.79M	31M	124.78M	110.39M	196.14M	96.71M
Net Debt	-156.62M	-443.33M	-140.1M	-30.82M	-263.66M	-236.78M	-4.11B	-2.69B	-4.8B	-1.6B
Debt / Equity	0.57x	0.07x	-	-	0.01x	0.01x	0.01x	0.00x	0.01x	0.00x
Debt / EBITDA	0.14x	0.03x	-	-	0.01x	0.01x	0.06x	0.07x	0.13x	0.08x
Net Debt / EBITDA	-0.12x	-0.36x	-0.07x	-0.01x	-0.08x	-0.07x	-1.86x	-1.61x	-3.22x	-1.28x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	308.23M	455.89M	696.02M	1.07B	2.1B	2.88B	23.81B	25.09B	25.17B	25.2B
Equity Growth %	0.89%	0.48%	0.53%	0.53%	0.96%	0.37%	7.28%	0.05%	0%	0%
Book Value per Share	2.67	3.93	5.90	8.95	17.54	23.98	190.28	200.84	204.97	207.18
Total Shareholders' Equity	308.23M	465.08M	712.37M	1.09B	2.1B	2.7B	22.62B	23.89B	23.93B	23.95B
Common Stock	1.18M	1.12M	1.22M	1.16M	1.15M	1.24M	8.52M	8.55M	8.6M	8.66M
Retained Earnings	307.05M	463.96M	711.16M	1.09B	1.54B	2.06B	14.81B	16.2B	16.6B	16.74B
Treasury Stock	0	0	0	0	0	0	-31.2M	-750.34M	-1.34B	-1.52B
Accumulated OCI	62.75M	125.01M	69.95M	128.38M	21.31M	9.53M	-49.91M	369.64M	442.63M	495.38M
Minority Interest	0	-9.19M	-16.35M	-23.84M	-3.32M	180.9M	1.18B	1.2B	1.25B	1.25B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.46B	1.63B	2.47B	3.11B	2.89B	3.33B	3.52B	2.57B	2.45B	1.37B
Operating CF Margin %	0.42%	0.27%	0.4%	0.43%	0.34%	0.38%	0.49%	0.37%	0.34%	0.2%
Operating CF Growth %	0.43%	0.11%	0.52%	0.26%	-0.07%	0.15%	0.06%	-0.27%	-0.04%	-0.44%
Net Income	990.65M	1.22B	1.99B	2.86B	3.2B	3.41B	2.14B	1.82B	1.93B	1.62B
Depreciation & Amortization	56.58M	69.8M	88.84M	101.89M	118.6M	170.27M	431.16M	424.02M	352.57M	304.51M
Stock-Based Compensation	107.94M	195.39M	177.79M	202.32M	204.01M	211.21M	206.06M	168.89M	195.09M	192.02M
Deferred Taxes	-6.47M	-103.8M	12.28M	102.11M	144.96M	-22.43M	-151.19M	-148.34M	-49.96M	-42.52M
Other Non-Cash Items	2.65M	53.48M	-12.97M	-76.58M	113.72M	152.56M	159.32M	175.69M	-84.06M	97.67M
Working Capital Changes	310.49M	194.8M	212.63M	-81.84M	-892.57M	-593.55M	735.43M	120.19M	112.38M	-801.89M
Change in Receivables	-340.94M	-132.77M	-688.92M	-904.31M	-479.54M	-39.91M	931.43M	203.58M	479.94M	42.85M
Change in Inventory	-111.67M	4.42M	94.13M	0	0	0	0	0	0	0
Change in Payables	399.24M	93.58M	402.8M	0	0	0	0	0	0	0
Cash from Investing+	-407.66M	-514.91M	-4.91B	-3.3B	-1.17B	-2.99B	-3.81B	-3.11B	1B	-3.05B
Capital Expenditures	-89.16M	-88.84M	-107.52M	-113.9M	-204.11M	-264.46M	-219.61M	-117.54M	-78.57M	-140M
CapEx % of Revenue	0.03%	0.01%	0.02%	0.02%	0.02%	0.03%	0.03%	0.02%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	595K	539K	-20.29M	561K	621K	388K	1.03M	1.72M	592K	3.96M
Cash from Financing+	30.2M	27.92M	61.07M	-543.97M	68.68M	-546.97M	2.9B	-1.14B	-1.12B	-1.7B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-595.78M	0	-651.12M	-673.38M	-421.68M	-490.99M	-1.48B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	30.2M	27.92M	61.07M	51.81M	68.68M	104.15M	37.03M	748K	296K	2.05M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.37B	1.54B	2.37B	3B	2.69B	3.06B	3.3B	2.45B	2.37B	1.23B
FCF Margin %	0.4%	0.26%	0.38%	0.41%	0.32%	0.35%	0.46%	0.35%	0.33%	0.18%
FCF Growth %	0.4%	0.12%	0.54%	0.27%	-0.1%	0.14%	0.08%	-0.26%	-0.03%	-0.48%
FCF per Share	11.87	13.25	20.04	25.14	22.47	25.53	26.41	19.59	19.32	10.14
FCF Conversion (FCF/Net Income)	1.48x	1.32x	1.24x	1.08x	0.90x	1.02x	1.38x	1.32x	1.21x	0.77x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	133.26M	102.44M	430.14M	362.83M	430.31M	563.41M	340.21M	284.33M	199.92M	167.17M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	420.53%	321.39%	347.53%	325.61%	202.26%	131.74%	19.19%	7.95%	8.09%	7.12%
Return on Invested Capital (ROIC)	1245.36%	1053.81%	539.13%	270.22%	169.13%	105.58%	11.96%	4.45%	3.99%	3.42%
Gross Margin	80.68%	59.86%	78.12%	88.66%	88.6%	88.9%	85.52%	82.2%	80.35%	78.93%
Net Margin	28.6%	20.6%	32.23%	39.69%	38%	37.83%	35.38%	28.02%	28.3%	25.46%
Debt / Equity	0.57x	0.07x	-	-	0.01x	0.01x	0.01x	0.00x	0.01x	0.00x
FCF Conversion	1.48x	1.32x	1.24x	1.08x	0.90x	1.02x	1.38x	1.32x	1.21x	0.77x
Revenue Growth	62.4%	72.1%	4.17%	16.47%	16.42%	2.82%	-16.42%	-4.09%	3.51%	-2.01%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Leads Generation Services	1.92B	2.62B	2.87B	3.28B	3.2B	2.99B	3.06B	3.11B	3.14B
Leads Generation Services Growth	-	36.50%	9.75%	14.09%	-2.34%	-6.59%	2.30%	1.80%	0.77%
Online Marketplace And Other Service	-	-	853.9M	1.49B	2B	2.24B	1.92B	2.2B	2.38B
Online Marketplace And Other Service Growth	-	-	-	74.66%	34.41%	11.61%	-14.16%	14.63%	8.14%
Media Services	2.35B	3.08B	3.51B	3.65B	3.46B	2.01B	1.96B	1.87B	1.52B
Media Services Growth	-	31.35%	13.78%	4.15%	-5.44%	-41.78%	-2.39%	-4.71%	-18.59%
Online Marketplace	1.7B	510.68M	-	-	-	-	-	-	-
Online Marketplace Growth	-	-69.92%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Autohome Inc. (ATHM) has a price-to-earnings (P/E) ratio of 1.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Autohome Inc. (ATHM) reported $6.76B in revenue for fiscal year 2024. This represents a 1461% increase from $433.2M in 2011.

Autohome Inc. (ATHM) saw revenue decline by 2.0% over the past year.

Yes, Autohome Inc. (ATHM) is profitable, generating $1.60B in net income for fiscal year 2024 (25.5% net margin).

Dividend & Returns

Yes, Autohome Inc. (ATHM) pays a dividend with a yield of 52.38%. This makes it attractive for income-focused investors.

Autohome Inc. (ATHM) has a return on equity (ROE) of 7.1%. This is below average, suggesting room for improvement.

Autohome Inc. (ATHM) generated $1.23B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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