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General information

Country: CHINA

Sector: Aerospace and Defense

Categories: @china   

EHang Holdings Limited operates as a holding company. The Company, through its subsidiaries, focuses on aerial vehicle technology, as well as offers passenger transportation and logistics services. EHang Holdings serves customers in China.
Website: ehang.com


  • Good financial results growth rate 93.8% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (54.7%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 145.6% (LTM)
  • Share price is 430.0% higher than minimum and 27.3% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (500.0x vs 30.0x)

Key Financials (Download financials)

Ticker: EH
Share price, USD:  (+0.1%)19.24
year average price 16.37  


year start price 18.12 2024-05-14

min close price 11.59 2024-08-05

max close price 26.45 2025-02-19

current price 19.44 2025-05-13
Common stocks: 57 345 300

Dividend Yield:  0.0%
EV / Sales: 15.4x
Margin (EBITDA LTM / Revenue): -45.3%

Target EV / EBITDA (hist percentile): 30.0x
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 1 115
Net Debt ($m): -130
EV (Enterprise Value): 985
EBITDA LTM (млн $): -29
Price to Book: 10.7x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / EBITDA

Potential dynamics

News


2025-04-15globenewswire.com

EHang Files Annual Report on Form 20-F for Fiscal Year 2024

2025-04-14fool.com

Why EHang Stock Is Gaining Altitude Today

2025-04-04globenewswire.com

EHang States No Impact on Operations from Recent U.S.–China Tariff Actions

2025-04-01seekingalpha.com

EHang Achieves Significant Regulatory Breakthrough

2025-03-30globenewswire.com

EHang's EH216-S eVTOL Operators Obtain Air Operator Certificates

2025-03-18zacks.com

Has Ehang Holdings (EH) Outpaced Other Aerospace Stocks This Year?

2025-03-12seekingalpha.com

EHang Holdings Limited (EH) Q4 2024 Earnings Call Transcript

2025-03-12globenewswire.com

EHang Reports Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results

2025-03-05globenewswire.com

EHang to Report Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results on Wednesday, March 12, 2025

2025-02-24globenewswire.com

EHang Partners with JAC Motors and Guoxian Holdings to Build eVTOL Manufacturing Base in Hefei
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol EH EH EH EH EH EH EH EH EH EH
reportedCurrency CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-11-18 2024-08-22 2024-03-15 2023-11-22 2023-11-22 2023-08-17 2023-03-31 2022-12-31 2022-09-30 2022-06-30
acceptedDate 2024-11-18 11:40:58 2024-08-22 06:11:27 2024-03-15 08:00:49 2023-11-22 06:07:56 2023-11-22 06:07:56 2023-08-17 08:01:08 2023-03-31 00:00:00 2022-12-31 00:00:00 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2024 2024 2024 2023 2023 2023 2023 2022 2022 2022
period Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2
revenue 128M 102M 62M 57M 29M 10M 22M 16M 8M 15M
costOfRevenue 50M 38M 24M 20M 10M 4M 8M 5M 3M 5M
grossProfit 78M 64M 38M 37M 18M 6M 14M 10M 5M 10M
grossProfitRatio 0.612 0.624 0.619 0.647 0.646 0.602 0.639 0.661 0.659 0.671
researchAndDevelopmentExpenses 44M 62M 38M 38M 38M 37M 54M 37M 31M 35M
generalAndAdministrativeExpenses 60M 54M 50M 56M 38M 31M 25M 51M 37M 40M
sellingAndMarketingExpenses 47M 27M 20M 21M 14M 14M 12M 16M 13M 12M
sellingGeneralAndAdministrativeExpenses 107M 82M 70M 76M 52M 45M 37M 67M 49M 52M
otherExpenses -18M -2M 1M -2M 974 000 2M -2M -1M -1M -2M
operatingExpenses 133M 141M 104M 112M 88M 81M 90M 103M 79M 84M
costAndExpenses 183M 179M 128M 132M 99M 85M 98M 108M 82M 89M
interestIncome 9M 7M 3M 4M 2M 966 000 983 000 1M 984 000 1M
interestExpense 847 000 799 000 859 000 682 000 718 000 816 000 13M 2M 543 000 440 000
depreciationAndAmortization 9M 3M 3M 3M 3M 3M 2M -16M -2M 0
ebitda -45M -70M -62M -73M -67M -72M -74M -109M -75M -73M
ebitdaratio -0.354 -0.689 -1.003 -1.286 -2.336 -7.222 -3.338 -6.923 -9.142 -5.002
operatingIncome -55M -77M -66M -75M -70M -75M -76M -92M -74M -74M
operatingIncomeRatio -0.427 -0.759 -1.067 -1.328 -2.447 -7.526 -3.412 -5.878 -8.955 -5.083
totalOtherIncomeExpensesNet 8M 6M 2M -1M 2M 1M -11M -18M -3M 402 000
incomeBeforeTax -46M -72M -63M -73M -67M -74M -87M -110M -77M -74M
incomeBeforeTaxRatio -0.361 -0.702 -1.021 -1.286 -2.332 -7.406 -3.916 -7.025 -9.305 -5.055
incomeTaxExpense 190 000 18 000 1000 74 000 118 000 13 000 1000 7000 73 000 1000
netIncome -48M -72M -63M -72M -67M -76M -87M -110M -77M -74M
netIncomeRatio -0.375 -0.701 -1.026 -1.277 -2.343 -7.552 -3.916 -7.026 -9.314 -5.032
eps 0 -1.09 -1 -1.15 -1.11 -1.26 -1.48 -1.91 -1.34 -1.28
epsdiluted 0 -1.09 -1 -1.15 -1.08 -1.26 -1.48 -1.91 -1.34 -1.28
weightedAverageShsOut 0 66M 63M 63M 60M 60M 59M 58M 57M 57M
weightedAverageShsOutDil 0 66M 63M 63M 62M 60M 59M 58M 57M 57M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol EH EH EH EH EH EH EH EH EH EH
reportedCurrency CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-11-18 2024-08-22 2024-03-15 2023-11-22 2023-11-22 2023-08-17 2023-03-31 2022-12-31 2022-09-30 2022-06-30
acceptedDate 2024-11-18 11:40:58 2024-08-22 06:11:27 2024-03-15 08:00:49 2023-11-22 06:07:56 2023-11-22 06:07:56 2023-08-17 08:01:08 2023-03-31 00:00:00 2022-12-31 00:00:00 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2024 2024 2024 2023 2023 2023 2023 2022 2022 2022
period Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 612M 623M 251M 228M 233M 127M 184M 249M 137M 207M
shortTermInvestments 425M 333M 73M 57M 29M 0 0 0 71M 34M
cashAndShortTermInvestments 1 037M 957M 324M 286M 262M 127M 184M 249M 209M 241M
netReceivables 18M 49M 22M 46M 18M 16M 25M 20M 39M 55M
inventory 68M 71M 62M 59M 65M 71M 66M 72M 79M 79M
otherCurrentAssets 70M 53M 27M 3M 48M 48M 43M 45M 49M 34M
totalCurrentAssets 1 194M 1 130M 435M 453M 427M 296M 351M 387M 376M 409M
propertyPlantEquipmentNet 168M 163M 136M 119M 122M 117M 117M 121M 116M 50M
goodwill 0 0 0 0 0 0 0 0 0 0
intangibleAssets 0 2M 3M 2M 2M 2M 0 0 0 0
goodwillAndIntangibleAssets 2M 2M 3M 2M 2M 2M 2M 2M 2M 0
longTermInvestments 23M 17M 18M 18M 16M 14M 10M 10M 8M 8M
taxAssets 0 0 0 4M 8M 8M 0 0 0 0
otherNonCurrentAssets 2M 2M 1M 1M 2M 2M 9M 11M 3M 4M
totalNonCurrentAssets 195M 185M 158M 146M 150M 143M 138M 144M 129M 63M
otherAssets 0 0 0 0 0 0 0 0 0 0
totalAssets 1 389M 1 315M 593M 599M 577M 439M 489M 531M 505M 472M
accountPayables 101M 74M 42M 35M 34M 34M 32M 35M 35M 40M
shortTermDebt 185M 174M 51M 79M 51M 67M 145M 126M 65M 45M
taxPayables 128 000 1000 5000 8M 3000 2000 1000 7000 5000 4000
deferredRevenue 57M 141M 48M 42M 32M 26M 21M 23M 20M 17M
otherCurrentLiabilities 158M 143M 80M 94M 82M 94M 100M 98M 70M 71M
totalCurrentLiabilities 500M 532M 221M 250M 199M 221M 298M 282M 190M 173M
longTermDebt 131M 133M 109M 85M 87M 74M 73M 74M 74M 13M
deferredRevenueNonCurrent 319 000 0 1M 1M 2M 2M 3M 3M 2M 2M
deferredTaxLiabilitiesNonCurrent 292 000 0 292 000 292 000 292 000 292 000 292 000 292 000 292 000 292 000
otherNonCurrentLiabilities 10M 10M 48M 48M 48M 47M 47M 47M 4M 47M
totalNonCurrentLiabilities 141M 143M 159M 134M 137M 124M 123M 124M 123M 62M
otherLiabilities 0 0 0 0 0 0 0 0 0 0
capitalLeaseObligations 134M 129M 101M 81M 84M 77M 74M 75M 81M 19M
totalLiabilities 642M 675M 380M 384M 336M 345M 421M 406M 313M 235M
preferredStock 0 0 0 0 0 0 0 0 0 0
commonStock 87 000 85 000 81 000 80 000 80 000 77 000 75 000 75 000 75 000 75 000
retainedEarnings -1 937M -1 889M -1 818M -1 755M -1 682M -1 615M -1 540M -1 450M -1 340M -1 264M
accumulatedOtherComprehensiveIncomeLoss 7M 20M 17M 16M 21M 20M 15M 16M 17M 7M
othertotalStockholdersEquity 2 677M 2 509M 2 014M 1 952M 1 902M 1 688M 1 592M 1 558M 1 514M 1 493M
totalStockholdersEquity 747M 639M 213M 214M 241M 93M 68M 124M 191M 235M
totalEquity 747M 639M 213M 214M 241M 94M 68M 124M 191M 235M
totalLiabilitiesAndStockholdersEquity 1 389M 1 315M 593M 599M 577M 439M 489M 531M 505M 470M
minorityInterest 190 000 266 000 363 000 427 000 625 000 693 000 858 000 420 000 641 000 0
totalLiabilitiesAndTotalEquity 1 389M 1 315M 593M 599M 577M 439M 489M 531M 505M 470M
totalInvestments 448M 351M 91M 76M 45M 14M 10M 10M 79M 41M
totalDebt 315M 307M 160M 164M 137M 141M 218M 200M 140M 58M
netDebt -297M -317M -91M -65M -96M 14M 34M -49M 2M -149M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2021 q1 2020 q4
date 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2021-03-31 2020-12-31
symbol EH EH EH EH EH EH EH
reportedCurrency CNY CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-08-22 2024-03-15 2023-11-22 2023-11-22 2023-08-17 2021-04-19 2020-12-03
acceptedDate 2024-08-22 06:11:27 2024-03-15 08:00:49 2023-11-22 06:07:56 2023-11-22 06:07:56 2023-08-17 08:01:08 2021-04-19 14:46:53 2020-12-03 09:03:51
calendarYear 2024 2024 2023 2023 2023 2021 2020
period Q2 Q1 Q4 Q3 Q2 Q1 Q4
netIncome -72M -63M -72M -67M -76M -63M -51M
depreciationAndAmortization 0 0 0 0 0 1M 1M
deferredIncomeTax 0 0 0 0 0 108 000 184 000
stockBasedCompensation 0 53M 50M 36M 24M 49M 39M
changeInWorkingCapital 0 0 0 0 0 30M -32M
accountsReceivables 0 0 0 0 0 55M -46M
inventory 0 0 0 0 0 318 000 10M
accountsPayables 0 0 0 0 0 -18M 660 000
otherWorkingCapital 0 0 0 0 0 -7M 3M
otherNonCashItems 72M 10M 22M 31M 76M -1M 5M
netCashProvidedByOperatingActivities 0 0 0 36M 24M 16M -38M
investmentsInPropertyPlantAndEquipment 0 0 0 0 0 -8M -7M
acquisitionsNet 0 0 0 0 0 9000 -113 000
purchasesOfInvestments 0 0 0 0 0 -18M -2M
salesMaturitiesOfInvestments 0 0 0 0 0 49M 36M
otherInvestingActivites 0 0 0 0 0 -9000 113 000
netCashUsedForInvestingActivites 0 0 0 0 0 23M 26M
debtRepayment 0 0 0 0 0 -5M -5M
commonStockIssued 0 0 0 0 0 0 -7M
commonStockRepurchased 0 0 0 0 0 0 0
dividendsPaid 0 0 0 0 0 0 0
otherFinancingActivites 0 0 0 0 0 284M 10M
netCashUsedProvidedByFinancingActivities 0 0 0 0 0 279M -2M
effectOfForexChangesOnCash 0 0 0 0 0 4M -4M
netChangeInCash 0 0 0 36M 24M 322M -18M
cashAtEndOfPeriod 0 0 0 36M 24M 462M 140M
cashAtBeginningOfPeriod 0 0 0 0 0 140M 158M
operatingCashFlow 0 0 0 36M 24M 16M -38M
capitalExpenditure 0 0 0 0 0 -8M -7M
freeCashFlow 0 0 0 36M 24M 8M -45M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Earning call transcript

2024 q3
2024-11-18 ET (fiscal 2024 q3)
2024 q2
2024-08-22 ET (fiscal 2024 q2)
2024 q1
2024-05-20 ET (fiscal 2024 q1)
2023 q4
2024-03-15 ET (fiscal 2023 q4)
2023 q3
2023-11-22 ET (fiscal 2023 q3)
2023 q2
2023-08-17 ET (fiscal 2023 q2)
2023 q1
2023-05-31 ET (fiscal 2023 q1)
2022 q4
2023-03-22 ET (fiscal 2022 q4)
2022 q3
2022-12-02 ET (fiscal 2022 q3)
2022 q2
2022-08-18 ET (fiscal 2022 q2)
2022 q1
2022-05-31 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-02-06 11:44 ET
EHang Forms Strategic Cooperation with the Management Committee of Guangzhou Airport Economic Zone, Guangzhou Development District Administrative Committee, and GAC Group to Scale Up New Quality Productivity and Promote High-Quality Development for Gu...
2021-01-28 12:00 ET
GGV Capital Raises $2.52 Billion to Invest in Entrepreneurs Around the World

SEC forms

Show financial reports only

SEC form 6
2025-03-12 11:45 ET
EHang reported for 2024 q4
SEC form 6
2025-03-12 11:45 ET
EHang published news for 2024 q4
SEC form 6
2024-11-22 06:11 ET
EHang published news for 2024 q3
SEC form 6
2024-11-22 06:11 ET
EHang published news for 2024 q3
SEC form 6
2024-11-18 11:40 ET
EHang reported for 2024 q3
SEC form 6
2024-11-18 11:40 ET
EHang published news for 2024 q3
SEC form 6
2024-11-14 06:47 ET
EHang published news for 2024 q3
SEC form 6
2024-11-14 06:47 ET
EHang published news for 2024 q3
SEC form 6
2024-08-22 06:11 ET
EHang reported for 2024 q2
SEC form 6
2024-08-22 06:11 ET
EHang published news for 2024 q2
SEC form 6
2024-05-20 07:51 ET
EHang published news for 2024 q1
SEC form 6
2024-05-20 07:51 ET
EHang reported for 2024 q1
SEC form 6
2024-04-09 08:21 ET
EHang published news for 2024 q1
SEC form 6
2024-04-09 08:21 ET
EHang published news for 2024 q1
SEC form 6
2024-04-08 06:05 ET
EHang published news for 2024 q1
SEC form 6
2024-04-08 06:05 ET
EHang published news for 2024 q1
SEC form 6
2024-03-15 08:00 ET
EHang reported for 2023 q4
SEC form 6
2024-03-15 08:00 ET
EHang published news for 2023 q4
SEC form 6
2023-11-22 06:07 ET
EHang reported for 2023 q3
SEC form 6
2023-11-08 21:19 ET
EHang published news for 2023 q3
SEC form 6
2023-10-18 15:17 ET
EHang published news for 2023 q3
SEC form 6
2023-10-13 10:13 ET
EHang published news for 2023 q3
SEC form 6
2023-10-10 06:14 ET
EHang published news for 2023 q3
SEC form 6
2023-08-17 08:01 ET
EHang reported for 2023 q2
SEC form 6
2023-07-11 16:39 ET
EHang published news for 2023 q2
SEC form 6
2023-05-31 08:02 ET
EHang reported for 2023 q1
SEC form 6
2023-04-27 16:03 ET
EHang published news for 2023 q1
SEC form 6
2023-03-22 08:01 ET
EHang reported for 2022 q4
SEC form 6
2022-12-23 09:12 ET
EHang published news for 2022 q3
SEC form 6
2022-12-05 09:03 ET
EHang published news for 2022 q3
SEC form 6
2022-12-02 08:01 ET
EHang published news for 2022 q3
SEC form 6
2022-08-18 08:00 ET
EHang published news for 2022 q2
SEC form 6
2022-07-22 16:03 ET
EHang published news for 2022 q2
SEC form 6
2022-05-31 08:07 ET
EHang published news for 2022 q1
SEC form 6
2022-05-02 16:07 ET
EHang published news for 2022 q1
SEC form 6
2022-04-28 06:16 ET
EHang published news for 2022 q1
SEC form 6
2022-03-29 08:51 ET
EHang published news for 2021 q4
SEC form 6
2022-02-24 16:02 ET
EHang published news for 2021 q4
SEC form 6
2021-12-02 06:15 ET
EHang published news for 2021 q3
SEC form 6
2021-11-29 07:12 ET
EHang published news for 2021 q3
SEC form 6
2021-08-25 08:41 ET
EHang published news for 2021 q2
SEC form 6
2021-08-12 16:03 ET
EHang published news for 2021 q2
SEC form 6
2021-06-15 07:35 ET
EHang published news for 2021 q1
SEC form 6
2021-05-26 16:31 ET
EHang published news for 2021 q1
SEC form 6
2021-04-30 16:05 ET
EHang published news for 2021 q1
SEC form 6
2021-04-19 14:46 ET
EHang published news for 2021 q1
SEC form 6
2021-02-18 07:26 ET
EHang published news for 2020 q4
SEC form 6
2020-12-18 16:01 ET
EHang published news for 2020 q3
SEC form 6
2020-12-03 09:03 ET
EHang published news for 2020 q3