One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Hesai Group
HSAI · NMS · Consumer Cyclical · Auto Parts
Current price
$14.33
52-week range
$12.00 - $29.35
Market cap
$18.01B
Balance sheet
Healthy
6.53x Adequate
Net cash $891.04M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
1 Risk
3 rewards · 1 risks
- Reward Revenue grew 52.1% last year.
- Reward Returns 7.5% on equity, ahead of 75% of its peers.
- Reward Trades at 30.5x P/E vs peer median 43.0x (29.1% cheaper).
- Risk Stock trades 305.6% above its 5-year average P/E.
What this company does
Hesai Group
Hesai Group makes special laser technology called LiDAR that helps cars and robots see the world around them, like a super advanced radar. Most of their money comes from selling these LiDAR products, which are crucial for self-driving car development and other robot applications. This means their success is tied to the growth and adoption of these new technologies.
How the company got here
Hesai Group was founded in Shanghai, China, in 2014. The company started by focusing on developing and manufacturing advanced sensors. A key turning point was their innovation in LiDAR (Light Detection and Ranging) technology, which uses lasers to measure distances and create detailed 3D maps of the environment. This technology became crucial for the rapidly growing fields of autonomous driving and advanced driver assistance systems.
What it actually does
Hesai Group designs and builds sophisticated sensors, primarily LiDAR devices. Think of LiDAR like a super-powered version of radar, but instead of radio waves, it uses laser pulses to 'see' the world. These sensors create incredibly detailed 3D images, allowing machines like self-driving cars or robots to understand their surroundings with high precision, detecting objects, their distance, and their shape. They also offer gas sensors used for environmental monitoring and industrial safety.
LiDAR Products
This is Hesai's main business, where they develop and sell LiDAR sensors. These sensors are the 'eyes' for vehicles equipped with advanced driver assistance systems (ADAS), helping them to detect other cars, pedestrians, and obstacles. They are also essential for fully autonomous vehicles, enabling them to navigate complex environments safely. Beyond cars, Hesai's LiDAR is used in robots for tasks like delivery, street cleaning, and logistics in controlled areas, providing precise spatial awareness for these machines.
Gas Sensors and Solutions
Hesai also produces gas sensors, which are devices that detect the presence and concentration of specific gases. These sensors are vital for safety in industrial settings, helping to monitor for hazardous leaks, and for environmental applications, such as measuring air quality. The company also provides related validation and solution services, meaning they help customers integrate and ensure these sensors work correctly in their specific applications.
What management is betting on now
Hesai's management is focused on expanding the adoption of their LiDAR technology in the automotive sector, particularly for advanced driver assistance systems (ADAS) and autonomous driving. They are also working to grow their presence in the robotics market, where their sensors enable more sophisticated automation. A key strategy involves continuous innovation to improve sensor performance, reduce costs, and develop new applications for their technology, aiming to solidify their position as a leader in the global sensing solutions market.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$-26.86M
FY2025 Q4
$-27.51M
Revenue
$432.94M
Net income
$62.33M
Diluted EPS
0.43
Operating cash flow
$16.73M
Free cash flow
$-27.51M
Fetching…
Sources
Revenue
$284.57M
Net income
$-14.03M
Diluted EPS
-0.11
Operating cash flow
$8.70M
Free cash flow
$-26.86M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $14.33
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $891.0M - more cash than debt. Interest coverage 6.5x.
Net debt
$-891.04M
Interest coverage
6.53x
Hesai Group's profit covers its interest bill about 6.5 times over. which is stronger than every peer shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
HSAI
BASELINE
Hesai Group
Total debt $105.78M Interest coverage 6.53x This is the baseline the peer rows are being compared against.
Total debt $35.63M Interest coverage -621.40x -100% vs HSAI This peer has almost no interest-payment cushion compared with HSAI.
Total debt $101.85M Interest coverage -46.60x -100% vs HSAI This peer has almost no interest-payment cushion compared with HSAI.
What you should know
The case for and against HSAI
3 Rewards
1 Risk
Rewards
-
Revenue grew 52.1% last year.
-
Returns 7.5% on equity, ahead of 75% of its peers.
-
Trades at 30.5x P/E vs peer median 43.0x (29.1% cheaper).
Risks
-
Stock trades 305.6% above its 5-year average P/E.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
30.49x
Forward P/E
17.33x
P/B
1.67x
P/S
5.40x
EV/EBITDA
-40.89x
PEG ratio
0.51x
Profitability
How much profit each dollar creates
Gross margin
40.7%
Operating margin
0.3%
Net margin
14.9%
ROE
7.5%
ROA
-0.1%
Health
Liquidity and balance-sheet strength
Debt / equity
0.08x
Current ratio
5.37x
Quick ratio
4.63x
Total debt
$105.78M
Total cash
$996.82M
Growth
How the business has been compounding
Revenue TTM
$1.16B
Revenue 5Y CAGR
35.4%
EPS TTM
0.47
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-67.42M
Free CF TTM
$-27.51M
FCF margin
-2.4%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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