Want to know about NIO Hong Kong Stock in detail? Wondering about its performance and what’s in store for NIO in the future?
This article aims to discuss all aspects of NIO Hong Kong Stock and the company in detail. It will also forecast the price of NIO Stock based on findings from expert analysts.
NIO Inc. is one the earliest manufacturers of luxury electric vehicles. They are also a market leader in the premium smart electric vehicle segment.
NIO’s focus has been to invest heavily in technology and develop state-of-the-art tech that they would imbibe in smart vehicles, with customer satisfaction being their utmost priority.
Their impetus on high-tech development helps them to cut the clutter and come out as an innovative company that designs and develops electric vehicles that are technologically advanced and have autonomous driving technology, electric powertrains, digital technology, and batteries.
They also put a lot of emphasis on the vehicles’ luxury aspects and premium features.
Their technological breakthroughs and continuous research & development efforts have helped them create a unique proposition in the form of swappable batteries.
Some technologies that have given NIO a competitive edge and allowed it to move ahead of its competitors are the BaaS, or Battery as s Service, and the ADaaS, or Autonomous Driving as a Service.
Let us now look at some of the company details of NIO Inc.
Company Name | NIO Inc. |
Year Founded | 2014 |
Founder & CEO | William Li, also popularly known as “Elon Musk of China.” |
Headquarters |
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Areas Covered |
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Industry | Motor Vehicles |
Sector | Consumer Durables |
Number of Employees | 15,204 |
Market Capitalization | $13.79 billion |
Revenue | $49.27 billion |
Company website |
NIO Inc. has been listed in the NYSE or New York Stock Exchange with the ticker NIO since 2018. They are listed with their ADSs or American Depositary Shares, where each ADS is equivalent to one Class A ordinary share.
They also did the listings by introduction on HKEX and SGX.
NIO Inc. expressed the company’s desire to do a secondary listing by introducing the NIO Stock in Hong Kong on the HKEX. Finally, their ordinary shares were listed on the Main Board of The Stock Exchange of Hong Kong Limited in 2022. Their stock code (Stock Symbol) is “9866.HK.”
The decision to list NIO on HKEX was influenced by the SEC’s decision, where 80 companies consisting mostly of Chinese companies would be expelled from the US exchanges.
They have listed the Main Board of Singapore Exchange Securities Trading Limited or SGX since 2022. Their ticker in SGX is NIO
Let us look at the company’s statistics and the stock’s performance. The data has been fetched from Yahoo Finance.
Profit Margin | -29.55% |
Operating Margin (ttm) | -31.75% |
Return on Assets (ttm) | -10.91% |
Return on Equity (ttm) | -44.79% |
Revenue (ttm) | 49.27B |
Revenue Per Share (ttm) | 30.10 |
Quarterly Revenue Growth (yoy) | 62.20% |
Gross Profit (ttm) | 5.14B |
EBITDA | -13.93B |
Net Income Avi to Common (ttm) | -14.56B |
Diluted EPS (ttm) | -1.25 |
Quarterly Earnings Growth (yoy) | N/A |
Total Cash (mrq) | 39.06B |
Total Cash Per Share (mrq) | 23.71 |
Total Debt (mrq) | 23.71B |
Total Debt/Equity (mrq) | 85.75 |
Current Ratio (mrq) | 1.29 |
Book Value Per Share (mrq) | 14.49 |
Operating Cash Flow (ttm) | N/A |
Levered Free Cash Flow (ttm) | N/A |
Legend: ttm – trailing twelve months, yoy – year over year, mrq – most recent quarter
Let us now look at the performance of the shares in the NYSE
52-Week Change | -59.23% |
S&P500 52-Week Change | -12.21% |
52 Week High | 24.43 |
52 Week Low | 8.03 |
50-Day Moving Average | 10.38 |
200-Day Moving Average | 14.79 |
Avg Vol (3 month) | 45.56M |
Avg Vol (10 day) | 40.23M |
Shares Outstanding | 1.67B |
Implied Shares Outstanding | N/A |
Float | 1.32B |
% Held by Insiders | 0.00% |
% Held by Institutions | 35.96% |
Shares Short (Feb 27, 2023) | 102.02M |
Short Ratio (Feb 27, 2023) | 2.3 |
Short % of Float (Feb 27, 2023) | N/A |
Short % of Shares Outstanding (Feb 27, 2023) | 6.11% |
Shares Short (prior month Jan 30, 2023) | 78.94M |
As we can see, the NIO Stock in NYSE dropped 59.23 %, with a high of $24.43 and a low of $8.03 in 52 weeks.
The average quarterly volume has been around 45.56 million, and the outstanding shares are 1.6 billion.
At the time of writing, the shares of the Chinese electric-vehicle makers NIO at NYSE are trading at $8.26
Let us now look at the performance of the NIO Hong Kong Stock Exchange Performance
52-Week Change | -57.91% |
S&P500 52-Week Change | -12.21% |
52 Week High | 199.200 |
52 Week Low | 63.650 |
50-Day Moving Average | 80.777 |
200-Day Moving Average | 116.276 |
Avg Vol (3 month) | 1.43M |
Avg Vol (10 day) | 1.12M |
Shares Outstanding | 1.52B |
Implied Shares Outstanding | N/A |
Float | 1.32B |
% Held by Insiders | 3.43% |
% Held by Institutions | 1.01% |
Shares Short | N/A |
Short Ratio | N/A |
Short % of Float | N/A |
Short % of Shares Outstanding | N/A |
Shares Short (prior month ) | N/A |
The NIO Stock in Hong Kong Exchange dropped 57.91%. It witnessed a high of 199.20 HKD and a low of 63.65 HKD in 52 weeks.
The average quarterly volume is 1.43 million, and the number of outstanding shares is 1.52 billion.
At the time of writing, the NIO Hong Kong Stock price is 67.35 HKD
Read About:
As we can see, based on in-depth analysis, 27 analysts who have been following NIO’s stock have given a price target of $13.51 in the NYSE with a high of $24.92 and a low of $7.99 in a year.
Based on the analysis of 27 analysts following NIO Hong Kong stock has given a price target of 106.25 HKD in the NYSE with a high of 196.25 HKD and a low of 62.80 HKD in a year.
According to 33 analyst projections, the past three months’ performance indicates a “Buy” signal for the NIO stock in NYSE.
According to 33 analyst reports, based on the past three month’s performance indicates a “Buy” signal for the NIO stock in HKEX.
As per the projection for the EPS for NIO stock in NYSE, we can see that it is projected that NIO will see a positive EPS by 2025 at 0.12
As per the projection for the EPS for NIO stock in HKEX, it projects a positive EPS by 2025 at 0.91
As per the analyst recommendations at Tradingview, the revenue is projected to grow to $12 billion in 2023. It projects it will be $16.88 billion, $21.35 billion, and $26.05 billion in 2024, 2025, and 2026 respectively.
For the NIO stock in the Hong Kong Stock Exchange, the revenue is projected to reach 94.18 billion HKD in 2023.
It is projected to reach 132.38 billion HKD, 167.53 billion HKD, and 204.84 billion HKD in 2024, 2025, and 2026 respectively.
Let us check some of the findings by Simply Wall ST.
Price to Sales Ratio vs. Peers
NIO stands at 1.9x compared to its peers, whose average is 4.5x. Hence, the position is considered good in terms of this metric.
Share Price vs. Fair Value
According to the Discounted Cash Flow Model, we can see that the share price of NIO is trading at around $8.26. It is significantly higher than the Fair Price of $0.68.
NIO Stock Price Forecast
As per the 27 analysts, the price target for NIO Stock in 12 months is $15.34, i.e., a rise of 85.7% from the current price. But, regarding the analyst ratings, their confidence level for the agreement of the revenue forecast is low.
Future Growth Forecast of NIO
The revenue of NIO is forecasted to grow at 24.7%, and the earnings to grow at 67.6%.
The EPS is projected to grow at 65.3%, and the ROE to grow at 8.7%
Earnings vs. Savings Rate: As per the forecast, NIO will be profitable in the next three years, and the growth will be faster than the savings rate of 2.1%
Earnings vs. Market: As NIO is projected to become profitable in the coming three years, it is considered above the average market growth rate.
High Growth Earnings: The growth rate is projected as quite positive and high. Hence, the projection of it being profitable in the next three years.
Revenue vs. Market: As we have seen that NIO’s revenue is projected to grow at 24.7%, which is significantly higher than the average growth rate of the US market, which stands at 6.9%
High Growth Revenue: NIO’s 24.7% growth rate is higher than the industry’s high % return average of 20% per year.
The portfolio of NIO smart electric vehicles is as follows:
Some of the advanced technologies developed by NIO are as follows:
NIO has built dedicated battery-swapping stations across China and has slowly forayed into Norway. They also plan to expand their battery-swapping services to other parts of Europe.
Their battery swapping stations allow users to upgrade the capacity of their batteries. They can upgrade for temporary use or can do a permanent upgrade.
It takes less than five minutes to complete the process of swapping batteries.
They have 1305 battery swap stations across China providing 40,000 battery swap services today and 15 million battery swap services.
Nomi is the digital assistant developed by NIO for its owners. It is fitted in the car dashboard and engages the customer to provide a more customized experience.
NIO claims it is the first dedicated AI service built with disruptive technology for this purpose. The NOMI Mate 2.0 incorporates an AMOLED screen providing a human-like interface that interacts directly with passengers.
It is a smart device that learns the owners’ preferences and automatically adjusts seats and steering positions if it senses that person is approaching the car.
Users can also use voice commands to adjust the temperature, close or open windows, and even take selfies and display it on the screen.
NIO Pilot is the ADAS system developed by NIO. It uses 23 sensors, including a trifocal forward camera, five radars, 12 ultrasonic sensors, and a driver monitor camera.
It was first used in the ES8 model and provides features such as lane keeping, adaptive cruise control, lane departure warning, automatic emergency braking, etc.
NIO partnered with Mobileye and developed an autonomous driving system that would fit consumer cars.
It was based on Mobileye’s complete Level 4 self-driving system called Aquila. It uses 33 different sensors using high-resolution cameras, LiDAR, radars, ultrasonic sensors, and high-precision positioning units.
It was first used in ET7. They have developed an even more powerful platform, NIO Adam. It uses NVIDIA DRIVE Orin processors and has been used in ET7, ET5, ES7, EC7, and 2nd Gen ES8 models.
Besides high-end smart electric vehicles, the China-based holding company NIO offers additional services.
They are as follows:
NIO has built beautiful houses for the community that is used as a place to discover one’s inner thoughts, learn new things, make friends, work together, and chill. They offer bookable meeting rooms, co-working spaces, libraries, and cafes.
Some NIO houses are in Berlin, Beijing, Hangzhou, and Oslo.
NIO Life collaborates with designers across the spectrum to design and build new things.
With the help of the enhanced power of the cloud, NIO Power is an internet-based mobile power solution for charging and swapping batteries. It has an extensive network of stations provides services such as charging, swapping, or upgrading batteries. Apart from charging at the charging stations, it offers home charging and power express valet services.
NIO Service offers end-to-service to NIO vehicle owners. The service package is powered by NIO Cloud and can actively identify the users’ needs and provide the required service. They also have the option of mobile service allowing access to power mobile charging trucks. They also get other mobile services in case of emergency service requirements such as maintenance, charging, or repair on the road.
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The fiscal year for NIO Inc. ends on December 31 of every year.
One Class A ordinary share is equivalent to one ADS or American Depositary Share.
An independent auditor, PricewaterhouseCoopers Zhong Tian LLP, audits NIO Inc.
Deutsche Bank Trust Company Americas is the Depository Bank for the American Depositary Shares or ADSs.
Read More:
NIO Inc. is an innovative electric vehicle maker in the auto market, focusing on developing next-generation technology and features to revolutionize the electric vehicle segment. Moreover, their focus on luxury smart EV cars has created a unique value proposition for the company.
Apart from their cars, their other products, such as the AI-based digital assistant or the swappable batteries and the corresponding centers, help them generate recurring revenue and make them a market leader in the premium smart electric vehicle market.
Although the NIO NYSE Stock and the NIO Hong Kong Stock are not performing at discounted levels and the revenue and other parameters indicate that the company is unprofitable at the moment, at the same time, the company is projected to grow at 24.7% annually and would grow almost three times by 2025.
The world is moving away from fossil fuels and shifting towards more green and sustainable energy sources. The automotive industry would witness a huge boost as electric vehicles eventually become more popular, and the adoption rate would increase significantly.
As a result, all EV manufacturing companies, including NIO, have a bright future.
Disclaimer: All the information presented in the article has been collected independently by BitMoneyAlpha and has not been reviewed or approved by NIO. The product information may vary. Please check the company website for the latest information. The statements and opinions expressed in this article belong to the author and do not necessarily represent the views or opinions of company or organization. The content is for informational purposes only. It is not financial advice. So, before investing, do your due diligence and always invest what you are comfortable losing, as all investments are your responsibility.
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