Hesai Group (HSAI)
被低估基本面
45
价格
$15.84
市值
$20.05B
第一部分 · 这家公司值多少
概览
Hesai Group, through with its subsidiaries, engages in the development, manufacturing, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally. The company provides gas sensor products, validation services, solution service, and other services, as well as designs and develops engineering products. Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous vehicle fleets providing passenger and freight mobility services; and other applications, such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas. Hesai Group was founded in 2014 and is headquartered in Shanghai, China.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on 2026年9月18日 with claude-haiku-4-5 — shared with all users
RoboSense is Hesai's closest rival for the same design wins at Chinese carmakers, selling lidar for driver-assistance systems and, increasingly, for robots and robotaxis.
Huawei supplies its own automotive lidar bundled with its driving software and compute, competing with Hesai for sensor slots on Chinese vehicle programs.
Seyond sells long-range automotive lidar to the same Chinese and international carmakers, having built its position as Nio's main supplier.
Valeo's Scala lidar competes for the same driver-assistance sensor contracts, especially with European carmakers where Hesai is trying to expand.
Luminar targets the same long-range automotive lidar market with Western carmakers, the segment Hesai is pushing into outside China.
Ouster competes with Hesai's non-automotive line, selling lidar to robotics, industrial and smart-infrastructure customers.
资产负债表与流动性
营收
$3.34B
最近12个月（截至2026/6/30）
净利润
$498M
最近12个月（截至2026/6/30）
自由现金流
$-328M
股东权益合计
$8.86B
负债合计
$706M
流动比率
5.37
利息覆盖率
-
债务/EBITDA
7.80
每股收益
营收与净利润
自由现金流
收入构成
历史财务表
利润率变化
债务变化
债务负担有多重
增长一览表
增长 — 营业收入
公允价值估算
公允价值
$25.09
当前价格
$15.84
安全边际
+36.9%
公允价值区间
$18.13 - $32.05
所用估值方法之间的离散区间，并非经过统计校准的置信区间。
估算方法
估值指标
市盈率（P/E）
31.90
ROE
7.5%
市净率（P/B）
1.88
P/FCF
-
毛利率
40.7%
ROIC
0.1%
盈利能力雷达图
价值创造（经济护城河）
ROIC
0.1%
WACC
9.3%
ROIC − WACC
-9.2 pp
ROIC 低于资本成本：公司每投入一美元都在毁灭价值。
基本面分析标准
通过（9）
- Price CAGR 22.32%
- Gross Margin 40.7%
- P/B Ratio 1.88
- Debt/Equity ratio
- Current Ratio
- Revenue Growth 5Y 54.1%
- Analyst Consensus 97% Buy
- Earnings Surprise avg 79.4%
- Net Margin Trend 14.4% vs -4.9%
未通过（7）
- ROIC 0.1%
- Positive Free Cash Flow
- Debt/EBITDA
- DCF valuation (Unknown)
- ROE 5.6%
- Earnings Quality (OCF/NI) 0.64
- Piotroski F-Score 1/9
不可用（11）
- EPS data insufficient
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- CapEx intensity
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Piotroski F-评分
存在严重财务隐患
盈利质量
中等：利润与现金之间存在一定差距
股权稀释
正在回购股份，对股东友好
机构持股
公司治理
管理团队
| 姓名 | 职位 | 年龄 |
|---|---|---|
| Dr. Yifan Li | Co-Founder, Chairman of the Board & CEO | 38 |
| Dr. Kai Sun | Co-Founder, Chief Scientist & Executive Director | 39 |
| Mr. Shaoqing Xiang | Co-Founder, CTO & Executive Director | 39 |
| Mr. Peng Fan | Chief Financial Officer | 42 |
| Ms. Cailian Yang | VP of Operations, Executive Director & Joint Company Secretary | 34 |
| Yuanting Shi | Head of Capital Markets | - |
| Ms. Au Yeung | Joint Company Secretary | 36 |
第二部分 · 价格与买入时机
这一部分不判断公司是否值得拥有：它帮助你在基本面说服你之后，选择何时买入。包含：技术分析、潜力、历史回撤、Gamma 敞口。
Latest News
Recent headlines for HSAI, sourced from Markets Gazette.
- 5/20/2026POSITIVEHesai CEO Li on Earnings, Mercedes-Benz Deal
Hesai Group, a leading Chinese lidar manufacturer, has secured a significant partnership with Mercedes-Benz, which will integrate Hesai's sensors across multiple vehicle models moving into production. CEO David Li highlighted this as a key milestone, signaling strong demand and validation for the company's technology. Furthermore, Li noted increasing adoption in emerging sectors like humanoid robotics, pointing to substantial long-term growth potential. Investors view this development positively, as it not only expands Hesai's automotive footprint but also diversifies its market reach into high-growth technology areas, potentially leading to increased revenue and market share.
- 3/24/2026NEGATIVEHesai Group, BitFuFu And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Hesai Group (HSAI) saw its shares decline by 6.6% in pre-market trading following the release of its quarterly financial results. The company reported lower-than-expected earnings and sales, signaling potential headwinds in its operational performance. This downturn in pre-market activity for HSAI, alongside a broader dip in Dow futures by 0.2%, suggests a cautious sentiment among investors. The disappointing financial figures may lead to downward revisions in analyst price targets and could impact investor confidence in the company's near-term growth prospects.
via Markets Gazette