Shipments of Li ONEs amounted to 25,116 in the quarter under discussion, up a tremendous 190% year over year.Looking forward, Li Auto anticipates to deliver 30,000-32,000 vehicles in the fourth quarter, implying a year-over-year uptick of 107-121.2%. While Li Autos R&D and SG&A costs flared up 165.6% and 198.5%, respectively, on a year-over-year basis, its understandable and anticipated as is the case with other EV companies. Earnings and deliveries for both NIO and XPEV witnessed a triple-digit rise year over year.NIO posted earnings of $1,521.8 million, up a whopping 116.6% year over year on the back of robust deliveries of 24,439 cars (up 100.2% year over year), consisting of 5,418 ES8s, 11,271 ES6s and 7,750 EC6s. During the xpeng, quarter and nios lorry margin stood at 18% and 13.6%, lower than LIs. Total debt to capitalization for Li Auto is 1.71%, much better than NIOs 31.7% and XPengs 3.05%.
Li Auto (LI Quick QuoteLI – Free Report) scored the second straight day of price boost after providing third-quarter 2021 numbers on Nov 29, before the opening bell. Quarterly outcomes fueled optimism as incomes rocketed around 210% year over year. The increasing electrical car (EV) star of China recovered cost in the quarter versus the Zacks Consensus Estimate of loss of a cent per ADS and loss of 8 cents a share sustained in the year-ago period.Inside LIs Q3 Report & & How it Compares With NIO & & XPEVLi Autos third-quarter total incomes of $1.21 billion consisted of $1.15 billion (up 200% year on year) from automobile sales and $60.4 million (up 745.1% year over year) from other sales and services. Lorry margin of 21.1% compared positively with 19.8% recorded in the corresponding quarter of 2020. Gross profit increased 264.8% year over year. Deliveries of Li ONEs amounted to 25,116 in the quarter under discussion, up a whopping 190% year over year.Looking forward, Li Auto expects to provide 30,000-32,000 lorries in the 4th quarter, indicating a year-over-year uptick of 107-121.2%. Revenues are pictured in the band of $1.37-$1.46 billion, signifying growth of 112-126.9% from the fourth quarter of 2020. In the middle of the soaring popularity of green vehicles, the business is undoubtedly growing rapidly. While Li Autos R&D and SG&A costs flared up 165.6% and 198.5%, respectively, on a year-over-year basis, its understandable and expected as holds true with other EV companies. Overall, there wasnt much to complain about LIs Q3 report.Meanwhile, Li Autos key peers including NIO Inc. (NIO Quick QuoteNIO – Free Report) and XPeng (XPEV Quick QuoteXPEV – Free Report) reported third-quarter adjusted loss per ADS of 28 cents and 29 cents, respectively. Nevertheless, revenues and deliveries for both NIO and XPEV saw a triple-digit surge year over year.NIO published revenues of $1,521.8 million, up a tremendous 116.6% year over year on the back of robust deliveries of 24,439 cars (up 100.2% year over year), including 5,418 ES8s, 11,271 ES6s and 7,750 EC6s. XPengs revenues skyrocketed 187.4% as shipments were up a massive 199.2% year over year. The P7 model constituted 76.8% of overall shipments. Throughout the xpeng, quarter and nios vehicle margin stood at 18% and 13.6%, lower than LIs. Speaking about balance sheet strength, Li Auto takes the lead. As of Sep 30, LI, NIO and XPEV had cash and money equivalents of $4.9 billion, $3.3 billion and $2.4 billion, respectively. Total financial obligation to capitalization for Li Auto is 1.71%, much better than NIOs 31.7% and XPengs 3.05%. Encouragingly, LI is likewise amongst those couple of EV gamers that are FCF positive.LIs Prospects Seem RosyLi Auto is positioned for development as it continues to invest in extended-range EVs, advanced driver-assist systems (ADAS) and capability expansion efforts. Focus on cost-effective SUVs is the core of LIs service method. It was one of the first companies to effectively commercialize extended-range EVs, which need a reasonably small battery pack.Li Auto currently has a single offering, Li One, which is equipped with an onboard fuel generator that supplements battery and acts as a range extender. This month, the business intends to release its NOA upgrade to Li ONE users. Post the NOA upgrade, the design will be geared up with effective ADAS functions. The company stays on track to launch its very first high-power charging BEV item in the 2nd half of 2023. Li Auto is capitalizing on the growing need for EVs by broadening its retail footprint to 162 shops that are operational across 86 cities in addition to 223 maintenance centers (since Oct 31). On the other hand, the company is also broadening its manufacturing capability. In October, it started construction of its Beijing manufacturing facility, which is anticipated to become practical by 2023, functioning as the production base for the firms premium BEVs, as it seeks to broaden its product lineup. Currently, it is making vehicles at its Changzhou center. The company continues to take advantage of the growing need for EVs by expanding its retail footprint to 162 shops that are functional across 86 cities together with 223 servicing centers as of Oct 31. Still Not a BuyWhile Li Auto acknowledges that the worldwide chip crunch is likely to limit the firms near-term production capability, the company is still on the best path. In spite of hitting the right notes, it currently brings a Zacks Rank # 4 (Sell). For something, the stock appears a little expensive at the minute. On the basis of the forward 12-month price-to-sales ratio, Li Auto is trading at 5.22, versus the markets 0.58. It carries a Value Score of D.Notably, the stock has actually been up 115% given that its IPO in July 2020 and is presently just 6% off its 52-week high levels. So, it simply may not be the correct time to hit the buy button on the stock. Rather, you can capitalize the share cost gains presently, and buy it at an opportune time when the price dips.You can see the total list these dayss Zacks # 1 Rank (Strong Buy) stocks here.
