Professional
Added to YB: 2025-01-27
Pitch date: 2024-12-26
HSAI [bullish]
Hesai Group
+42.92%
current return
Author Info
No bio for this author
Company Info
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally.
Market Cap
$21.7B
Pitch Price
$14.61
Price Target
16.30 (-20%)
Dividend
N/A
EV/EBITDA
39.88
P/E
44.65
EV/Sales
5.53
Sector
Automobile Components
Category
growth
Hesai Group (HSAI US) Road towards scalable intelligent driving starts from here; initiate at BUY
HSAI: Global LiDAR leader, 37% market share. Robust growth expected: 10%/61%/37% YoY revenue 2024-26E. Turning profitable 2024E. Strong ADAS design wins (20 OEMs, 75 models). Cost optimization via in-house ASIC & manufacturing. 2mn+ annual capacity. Key customers: Li Auto, Xiaomi, BYD. 90% CAGR in shipments 2023-26E. PT $16.3, 4.8x 2025E PS.
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