Hesai Group (HSAI)
UndervaluedFundamental
46
Price
$13.13
Market Cap
$16.58B
Part 1 · What the company is worth
Overview
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 with artificial intelligence on September 18, 2026, 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.
Balance Sheet & Liquidity
Revenue
$3.34B
Trailing 12 months (through 6/30/2026)
Net Income
$498M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$-328M
Total Equity
$8.91B
Total Liabilities
$706M
Current Ratio
5.37
Interest Coverage
-
Debt/EBITDA
7.80
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$24.44
Current Price
$13.13
Margin of Safety
+46.3%
Fair Value Range
$17.50 - $31.38
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
29.31
ROE
7.5%
P/B Ratio
1.54
P/FCF
-
Gross Margin
40.7%
ROIC
0.1%
Profitability Radar
Value Creation (Economic Moat)
ROIC
0.1%
WACC
8.9%
ROIC − WACC
-8.8 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (8)
- Price CAGR 22.32%
- Gross margin 40.7%
- P/B ratio 1.54
- Debt/equity ratio
- Current ratio
- Revenue growth 5Y 54.1%
- Earnings surprise, average 79.4%
- Net margin trend 14.4% vs -4.9%
Failed (7)
- ROIC 0.1%
- Positive free cash flow
- Debt/EBITDA
- DCF valuation (Unknown)
- ROE 5.6%
- Earnings quality (operating cash flow / net income) 0.64
- Piotroski F-Score 1/9
Unavailable (11)
- EPS data insufficient
- P/FCF –
- Dividend payout –
- Operating margin –
- CapEx intensity
- Interest coverage
- Return on tangible assets
- Low reliance on intangibles
- Price below Graham Number
- PEG ratio (needs P/E > 0 and growth > 0)
- Share dilution (missing share count)
Piotroski F-Score
Serious financial concerns
Earnings Quality
Moderate: some gap between profits and cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| 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 |
Documents
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much HSAI moves, measured on its daily prices.
More volatile than 89% of the tracked stocks (90-day volatility).
- Volatility 30d
- 65.8%
- Volatility 90d
- 66.8%
- Beta vs S&P 500 (1y)
- 2.93Correlation 0.52
- Max drawdown (12m)
- -57.8%
- ATR (14d, % of price)
- 6.64%
Earnings reactions
How HSAI moved around its past quarterly results.
Next earnings release
Nov 10, 2026 · In 17 days · Before the open
EPS estimate: 1.24Revenue estimate: $1.1B
What usually happens
- Not enough releases with data yet: we have 0, we need at least 4.
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on HSAI and what the price did next.
- 5/20/2026PositiveHesai CEO Li on Earnings, Mercedes-Benz Deal
- +1 day
- +0.1%
- +3 days
- +1.4%
- 3/24/2026NegativeHesai Group, BitFuFu And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
- +1 day
- -13.8%
- +3 days
- -16.2%
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for HSAI.
- 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.