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NIO Analysis Price vs. Fair Value Trailing Returns Financials Valuation Operating Performance Dividends Ownership Executive Profile

NIO Inc ADR NIO Q Dec 23, 2020

Show Full Chart Quote Key Ratios Short Interest News

46.23
$
0.80 | 1.70% Bid/Size Ask/Size Day Range Volume / Avg
46.22×3 46.24×5 45.35 – 47.13 49.4 Mil /
48.68 2,575.7
Year Range Forward Div Yield Market Cap Investment Style

Previous Close 47.01

2.11 – 57.20 — 71.9981 Bil —

45.34 Price/Sales Beta (1-Year) Consensus Forward Price/Book

26.80 — P/E 59.92
10a 12p 2p
—
USD | New York Stock Exchange | Prices updated as of Dec 24, 2020, 12:01 PM EST |
BATS BZX Real-Time Price

Morningstar's Analysis Summary Competitors

About Quantitative Ratings

Valuation Dec 23, 2020 Currency in USD
Morningstar Quantitative ratings for equities (denoted on this page by   ) are generated using
NIO is Overvalued at a 95% Premium.
an algorithm that compares companies that are not under analyst coverage to peer companies
that do receive analyst-driven ratings. Companies with   ratings are not formally covered by a
Q Last Close
Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our
QQ 47.01
models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on
QQQ how to use these ratings.
Fair Value
QQQQ
24.10
QQQQQ Uncertainty: High Company Profile

NIO Inc operates in China's premium electric vehicle market. The company designs and jointly
1-Star Price manufactures, and sells smart and connected premium electric vehicles, driving innovations in
> 29.89 next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Its
Economic Moat model includes EP9 supercar, ES8, ES6, and EC6. The company sells vehicles through its own
None sales network, including NIO Houses, NIO Spaces, and their mobile application. The majority of
—
the revenue is earned from selling vehicles.
5-Star Price
< 19.43

Price vs. Fair Value Advanced Basic Logarithmic Linear

Last Close
47.01
Fair Value
24.10
 75
50
Overvalued
25 Fairly Valued
Undervalued

0.1

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 YTD  
— — — — — — — — 0.74 0.67 1.95 Price/Fair Value
— — — — — — — — — -36.89 1,069.40 Total Return %
— — — — — — — — — -61.43 761.99 +/- Index
USD | As of Dec 23, 2020 | Index: Morningstar China GR CNY

Trailing Returns Daily Monthly Quarterly

1,662.00

0.00
0.00
-1,662.00
-1,662.00
Total Return % 1-Day 1-Week 1-Month 3-Month YTD 1-Year 3-Year 5-Year 10-Year 15-Year

NIO -1.20 5.24 -15.11 161.75 1,069.40 1,660.67 — — — —

Auto Manufacturers 0.50 1.50 7.50 50.75 117.71 116.22 31.17 22.05 14.11 10.36
Morningstar China GR CNY 0.62 0.70 -1.87 5.96 20.71 20.38 10.45 14.70 7.51 10.49

+/-Auto Manufacturers -1.70 3.74 -22.61 111.00 951.69 1,544.45 — — — —

+/-Morningstar China GR CNY -1.82 4.54 -13.25 155.79 1,048.70 1,640.29 — — — —
As of Dec 23, 2020 | Sector: Auto Manufacturers | Index: Morningstar China GR CNY

Financials

Valuation Growth (3-Year Annualized)

Price/Book Price/Cash Flow Price/Sales Price/Earnings Revenue % Operating Income % Net Income % Diluted EPS %
59.88 — 26.81 — — — — —

As of Dec 22, 2020

Financial Health Profitability
Return on
Quick Ratio Current Ratio Interest Coverage Debt/Equity Return on Assets % Return on Equity % Invested Capital % Net Margin %
2.30 2.42 -14.59 1.23 -27.37 -314.06 -53.40 -56.26

As of Sep 29, 2020 As of Sep 29, 2020

Annual Quarterly As Originally Reported Restated

Income Statement
Revenue Net Income
TTM 2019 2018 2017 3-Yr Trend
 
Revenue (Bil) 12.47 7.82 4.95 0.00
Revenue (Bil)
Operating Income (Bil) -6.50 -11.08 -9.60 -4.95
Operating Income (Bil)
 30 Net Income (Bil) -7.01 -11.41 -23.33 -7.56
¥ Bil
Diluted EPS -6.55 -11.08 -70.23 -7.37

0 Normalized Diluted EPS -6.55 -11.08 -70.23 -7.37

-30Sheet
Balance
2019 2018 2017
Assets Debt Debt/Assets
  Q3 2020 2019 2018 2017 3-Yr Trend
20 80%
¥ Bil Total Assets (Bil) 34.39 14.58 18.84 10.47
Total Liabilities (Bil) 26.37 20.86 12.02 22.06
10 40
Total Debt (Bil) 9.83 10.70 3.24 0.73
0 0 Total Equity (Bil) 8.03 -6.28 6.82 -11.59
2019 2018 2017 Cash, Cash Equivalents 22.05 0.97 8.29 7.51
and Short Term
Investments (Bil)

Cash Flow
Operating Investing Financing
  TTM 2019 2018 2017 3-Yr Trend
20
¥ Bil Operating (Bil) -0.66 -8.72 -7.91 -4.57
Investing (Bil) -3.13 3.38 -7.94 -1.19
0
Financing (Bil) 22.24 3.09 11.60 12.87
-20 Free Cash Flow (Bil) -1.84 -10.43 -10.56 -5.69
2019 2018 2017

Fiscal year ends in Dec 31 | CNY in Bil except per share data

Valuation
2010
Calendar 2011 2012 2013 2014 2015 2016 2017 2018 2019 Current 5-Yr

59.92

—
Price/Sales — — — — — — — 977.56 4.57 26.80 —
—
Price/Earnings — — — — — — — — — — —
—
Price/Cash Flow — — — — — — — — — — —
—
Price/Book — — — — — — — 9.38 — 59.92 —

USD | As of Dec 23, 2020 | Index: Morningstar China GR CNY

More Valuation Data

Operating Performance
Fiscal2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 TTM 5-Yr

13.55
-4,247.88

— on Assets—
Return % — — — — -198.68 -123.57 -159.18 -68.29 -27.37 —
— on Equity —
Return % — — — — — — — -4,247.88 -314.06 —
— on Invested
Return —Capital % — — — — — — — -155.53 -53.40 —
CNY | Index: Morningstar China GR CNY
More Operating Performance Data

Dividends & Splits Dividends Splits

There is no Dividends data available.

Ownership Major Concentrated Buying Selling Funds Institutions

Total Ownership

Morningstar % Total % Total Trend

Name Rating Shares Held Assets Prev. 8 Qtrs Current Shares Change Amount C

Vanguard International Growth Inv QQQQQ 2.22 1.19 31,223,162 13,631,545

Scottish Mortgage Ord QQQQQ 1.60 2.38 22,437,069 32,944
Vanguard Total Intl Stock Index Inv QQQ 1.01 0.18 14,139,958 372,235
Vanguard Emerging Mkts Stock Idx Inv QQQ 0.90 0.68 12,627,451 26,374
iShares Core MSCI Emerging Markets QQQ 0.57 0.65 7,958,401 225,262
ETF
Total (for Top 5) 6.29 88,386,041 13,027,478

More Ownership Data

Executive Team Key Executives Board of Directors Committees Transaction History

Compensation

Name Title Age 2016 2017 2018

Bin Li Chairman of the Board and Chief Executive Officer 45 — — —

Wei Feng Chief Financial Officer 40 — — —
Ganesh V. Iyer Chief Information Officer and Managing Director of NIO U.S 52 — — —
Lihong Qin Director and President 46 — — —
Feng Shen Executive Vice President 56 — — —
Compensation for all Key Executives — — —

More Executive Team Data

Company Profile
Business Description Contact Sector Industry
NIO Inc operates in China's premium electric vehicle No. 56 AnTuo Road Building 20, Consumer Cyclical Auto Manufacturers
market. The company designs and jointly manufactures, Anting Town, Shanghai, 201804,
Cayman Islands Most Recent Earnings Fiscal Year End
and sells smart and connected premium electric vehicles,
T +86 2169082018 Sep 30, 2020 Dec 31, 2020
driving innovations in next-generation technologies in
ir@nio.com
connectivity, autonomous driving, and artificial Stock Type Employees
www.nio.io
intelligence. Its model includes EP9 supercar, ES8, ES6, — 7,442.00
and EC6. The company sells vehicles through its own As of Dec 30, 2019
sales network, including NIO Houses, NIO Spaces, and
their mobile application. The majority of the revenue is
earned from selling vehicles.

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