Pony AI Inc. (PONY)
UndervaluedFundamental
32
Price
$5.14
Market Cap
$2.19B
Part 1 · What the company is worth
Overview
Pony AI Inc., through its subsidiaries, engages in the autonomous mobility business in the People's Republic of China and internationally. The company provides robotaxi services that include autonomous vehicle (AV) engineering solutions, such as AV software deployment and maintenance; vehicle integration and engineering; and road-testing services to original equipment manufacturers and transportation network companies. It also offers robotruck services that provide transportation services to logistics platforms. In addition, the company engages in the licensing and applications business that comprises personally-owned vehicle intelligent solutions, including intelligent driving software solutions, proprietary vehicle domain controller products, and data analytics tools; vehicle integration services, software development, and licensing services; and vehicle-to-everything (V2X) products and services to enhance road safety. The company's customers include OEMs and TNCs; OEMs and logistics platforms; and sensor and hardware component suppliers. Pony AI Inc. was incorporated in 2016 and is based in Guangzhou, the People's Republic of 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 19, 2026, shared with all users
Both are Guangzhou-born autonomous driving firms running paid robotaxi fleets in the same Chinese tier-one cities and chasing the same Middle East expansion deals with ride-hailing platforms.
Baidu's Apollo Go is the largest paid robotaxi operator in China and competes for the same riders, city permits and overseas launches as Pony AI.
The autonomous driving arm of ride-hailing giant DiDi runs driverless passenger trials in Guangzhou and Beijing, targeting the same urban mobility customers Pony AI serves.
Waymo is the benchmark driverless ride-hailing operator and the rival Pony AI meets when both bid for robotaxi licences and partnerships outside China.
Momenta sells its autonomous driving stack to carmakers and is launching robotaxi services with Uber and Mercedes-Benz, competing with Pony AI both for automaker contracts and for robotaxi passengers.
Balance Sheet & Liquidity
Revenue
$125M
Trailing 12 months (through 6/30/2026)
Net Income
$-148M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$-272M
Total Equity
$1.29B
Total Liabilities
$19M
Current Ratio
15.94
Interest Coverage
-
Debt/EBITDA
-
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
$19.23
Current Price
$5.14
Margin of Safety
+73.3%
Fair Value Range
$18.27 - $20.19
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
-
ROE
-6.8%
P/B Ratio
1.39
P/FCF
-
Gross Margin
16.2%
ROIC
-13.7%
Profitability Radar
Value Creation (Economic Moat)
ROIC
-13.7%
WACC
17.8%
ROIC − WACC
-31.6 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (5)
- P/B ratio 1.39
- Debt/equity ratio
- Current ratio
- Earnings surprise, average 35.9%
- Net margin trend -148.9% vs -365.4%
Failed (7)
- Price CAGR -40.17%
- ROIC -13.7%
- Gross margin 16.2%
- Positive free cash flow
- DCF valuation (Unknown)
- ROE -10.5%
- Piotroski F-Score 0/9
Unavailable (14)
- EPS data insufficient
- P/FCF –
- Dividend payout –
- Operating margin –
- CapEx intensity
- Interest coverage
- Debt/EBITDA
- Return on tangible assets
- Low reliance on intangibles
- Price below Graham Number
- Revenue growth 5Y
- PEG ratio (needs P/E > 0 and growth > 0)
- Earnings quality (operating cash flow / net income)
- Share dilution (missing share count)
Piotroski F-Score
Serious financial concerns
Earnings Quality
Low quality: investigate accounting
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Well-known investors who own Pony AI Inc.
Latest 13F: quarter ended 06/30/2026
| Investor | Weight in their portfolio | Last quarter |
|---|---|---|
| Cathie Wood · ARK Investment Management | 0.1% | +$2.0M |
| George Soros · Soros Fund Management | 0.0% | -$6.9M |
| Chase Coleman · Tiger Global Management | 0.0% | -$18.0M |
Source: 13F filings with the SEC. Long positions in US stocks only, filed up to 45 days late.
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Dr. Jun Peng | Co-founder, CEO & Chairman of the Board | 50 |
| Dr. Tiancheng Lou | Co-Founder, CTO & Director | 38 |
| Dr. Haojun Wang | CFO & Joint Company Secretary | 48 |
| George Shao | Head of Capital Markets & Investor Relations | - |
| Dr. Chi-Chih Yao | Chief Adviser | - |
| Dr. Mo Luyi | VP and Head of the Guangzhou & Shenzhen Offices | 36 |
| Mr. Zhang Ning | VP, Head of Autonomous Driving System & Head of the Beijing Office | 38 |
| Mr. Tung Ching Ng | 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 PONY moves, measured on its daily prices.
More volatile than 81% of the tracked stocks (90-day volatility).
- Volatility 30d
- 55.0%
- Volatility 90d
- 55.1%
- Beta vs S&P 500 (1y)
- 2.84Correlation 0.54
- Max drawdown (12m)
- -77.5%
- ATR (14d, % of price)
- 6.03%
Earnings reactions
How PONY moved around its past quarterly results.
Next earnings release
Nov 18, 2026 · In 24 days · Before the open
EPS estimate: -0.18Revenue estimate: $39M
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 10/25/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Latest News
Recent headlines for PONY.
- 5/27/2026NEGATIVEPONY Stock's Momentum Tumbles As Macquarie Slashes Price Target Despite Q1 Beat
Pony AI's stock momentum has significantly declined, evidenced by a drop in its momentum score to 2.59. This downturn occurred despite the company reporting a substantial Q1 revenue beat and raising its 2026 financial guidance. The primary catalyst for this negative sentiment appears to be Macquarie's decision to slash its price target for the stock. This action by a key analyst firm suggests underlying concerns that outweigh the positive financial results, potentially signaling future headwinds for investors.
- +1 day
- +4.3%
- +3 days
- +6.6%
- 5/26/2026POSITIVEPony AI says its robotaxi revenue quintupled. The stock is rising.
Pony AI reported a quintupling of robotaxi revenue, signaling strong growth in its autonomous driving services. Despite widening losses, the company also increased its sales targets, indicating confidence in future performance. This significant revenue jump, coupled with ambitious sales goals, suggests robust market adoption and operational scaling for Pony AI's robotaxi division. Investors will be watching to see if the company can translate this revenue growth into profitability, but the immediate outlook for the stock appears positive based on these expansionary metrics.
- +1 day
- +4.0%
- +3 days
- +10.5%
- 3/26/2026NEGATIVEWhy Is Pony AI Stock Falling Thursday?
Pony AI's stock experienced a decline on Thursday following a mixed fourth-quarter report. While the company saw a significant tripling of its robotaxi revenue, this was overshadowed by an 18% year-over-year dip in overall sales. Investors are scrutinizing the company's margins, net profit figures, and its ambitious 2026 expansion plans in light of the topline contraction. The divergence between the strong robotaxi segment and the broader sales decrease raises concerns about the sustainability of growth and profitability, potentially impacting future investor sentiment and stock valuation.
- +1 day
- -12.9%
- +3 days
- -21.2%
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.