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LILi Auto Inc.
$11.66$11.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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LI logo

Li Auto Inc.

LI
NASDAQ · Auto Manufacturers
$11.66
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$11.78B
P/E75.1x
52W High$27.10
Volume2.79M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Revenue Contraction and Margin Erosion Signal Structural Challenges

Li Auto faces a significant operational downturn, with revenue contracting -15.7% YoY in 2026Q2 and gross margins compressing 1,250 basis points from their 2023Q4 peak to 11.0%, indicating severe pricing pressure and negative operating leverage. The company's ...

GrowthContracting
ProfitabilityStrained
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

LI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

+68% Peers

P/E is 68% above peer median

03

Market leadership

RS 22 · Lag

Laggard (Underperforming 78% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 26
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue has contracted sharply for three consecutive quarters, culminating in a -15.7% YoY decline in 2026Q2, while gross margins have collapsed to 11.0% from a peak of 23.5%, indicating significant pricing pressure and unfavorable product mix shifts.

Analyst Consensus+38.6% target
Hold(16 analysts)
7 Buy8 Hold1 Sell

The Bull Case

Upside Catalysts

Strong delivery growth

Li Auto reported cumulative deliveries of about 1.70 billion units by May 31, showcasing strong demand for its vehicles.

Product lineup expansion

Li Auto is updating its product lineup, including the launch of its first model, the Li One, and potential new models like the Li i6.

BEV transition potential

Investors holding through the BEV transition could see significant upside if gross margins stabilize above 14%, with bull targets reaching $27-$30.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
LI-32.41%
S&P 500 (^GSPC)+13.20%
1-Year Return
LI-54.18%
S&P 500 (^GSPC)+15.98%
3-Year Return
LI-70.32%
S&P 500 (^GSPC)+78.33%
5-Year Return
LI-57.30%
S&P 500 (^GSPC)+77.01%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
75.1x
Forward P/E
N/A
EV/EBITDA
10.8x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
75.1x
3.4x
100th· High
EV/EBITDA
10.8x
N/A
N/A
Price/FCF
N/A
6.1x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$109.25B-24.4% YoY
Net income
$1.09B-86.4% YoY
Free cash flow
-$12.82B-256.2% YoY
Operating margin
-0.9%-5.3 pts YoY
ROIC (TTM)-2.6%
Avg ROIC 5Y-
ROE (TTM)1.5%
Piotroski Score1 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 26, 2026
-$0.25-2400.0%
vs -$0.01
$3.8B-2.3%
vs $3.9B
Q2 2026
May 28, 2026
-$0.33-24.2%
vs -$0.27
$3.3B+5.0%
vs $3.2B
Q2 2026
Mar 12, 2026
$0.04+38.1%
vs $0.03
$4.1B-1.1%
vs $4.2B
Q4 2025
Nov 26, 2025
-$0.09-325.0%
vs $0.04
$3.8B+3.8%
vs $3.7B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GuruFocus·2d ago
A Look at Li Auto Inc (LI) After 5.1% Decline -- GF Value $20.00 vs Price $11.52

On September 21, 2026, Li Auto Inc (LI) shares fell 5.1% to a current price of $11.52. This decline comes amid a challenging year for the company, with shares d

Zacks Investment Research·2d ago
Li Auto's i9 Launch: Should Investors Buy, Sell, or Hold LI Stock?

Li Auto's flagship Li i9 joins its expanding BEV lineup as product upgrades, fast charging and overseas expansion shape its growth strategy.

24/7 Wall Street·Sep 16, 2026
EV Charging Stocks Climb as Small Caps Catch a Bid: Blink Charging Jumps 6%, ChargePoint Rises 4%, EVgo Ticks Up

Small-cap electric vehicle charging stocks are running together Wednesday morning with nothing from the companies to explain the bid.

Zacks Investment Research·Sep 16, 2026
Li Auto Inc. Sponsored ADR (LI) Is a Trending Stock: Facts to Know Before Betting on It

Recently, Zacks.com users have been paying close attention to Li Auto (LI). This makes it worthwhile to examine what the stock has in store.

Filtered for Li Auto Inc.More Headlines
04

Compare before deciding

Benchmark LI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Li Auto Inc. (LI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LI logoLILi Auto Inc.Current
$11.66$11.78B75.08-24.4%1%1.51%—
NIO logoNIONIO Inc.
$3.72$8.77B-3.7529.47%-23.75%-230.85%—
XPEV logoXPEVXPeng Inc.
$10.48$9.96B-29.4982.62%-5.45%-12.75%—
ZK logoZKZEEKR Intelligent Technology Holding Limited
$26.73$6.85B-0.9846.91%-3.68%——
TSLA logoTSLATesla, Inc.
$378.90$1.5T350.83-2.93%3.68%4.55%—
RIVN logoRIVNRivian Automotive, Inc.
$15.14$18.38B-4.938.39%-54.95%-67.16%—

Compare LI vs Peers

Li Auto Inc. (LI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NIO

Most directly comparable listed peer for LI.

Scale Benchmark

vs TSLA

Larger-name benchmark to compare LI against a more recognizable public peer.

Peer Set

Compare Top 5

vs NIO, XPEV, ZK, TSLA

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LI Frequently Asked Questions

Li Auto Inc. (LI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Li Auto Inc.'s revenue?

Li Auto Inc. (LI) reported $111.73B in revenue for fiscal year 2025.

How fast is Li Auto Inc. growing?

Li Auto Inc. (LI) saw revenue decline by 24.4% over the past year.

Is LI profitable?

Li Auto Inc. (LI) reported a net loss of $1.22B for fiscal year 2025.

Dividend & Returns
What is LI's return on equity?

Li Auto Inc. (LI) has a return on equity (ROE) of 1.5%. This is below average, suggesting room for improvement.

What is Li Auto Inc.'s free cash flow?

Li Auto Inc. (LI) had negative free cash flow of $12.42B in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in LI back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →