QualityDipStocks / Industrials · Industrial machinery
Hesai Group American Depositary Share HSAI
Outside our quality screen, so we don’t track its dips. It’s 57% below its 52-week high.
Outside our quality screen. No fair value estimate for now: its free cash flow is negative.
Worth knowing
- Down 58% from its 52-week high while revenue grew 46%
- Net cash = 35% of its market cap
From the data on this page, as of the last close. How we pick these
- Fair value est.
- n/a
- Market Value
- —
- Off 52-wk high
- −57%
- Risk vs market
- Highbeta 2.88
52-week range at its 52-week low
Price $12.30
4 bullish · 5 bearish See why
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for HSAI: negative free cash flow. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much HSAI moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings much more than the market, and its own price swings are 5.6× the S&P 500’s.
- Beta vs S&P 500
- 2.88
- Volatility
- 72% vs 13% SPY
- Correlation SPY
- 0.51
- Correlation QQQ
- 0.53
How it ranks
Where HSAI stands vs every one of the 2,467 stocks we cover that has the number. Longer bar = better.
Top quarter on 1 of 5 measures
- Free cash flow yield−1.5% · free cash flow vs market capLowest 16%of 1,690
- Dividends + buybacks yield0% · cash paid out or used to retire shares, vs market capLowest 1%of 2,227
- Revenue growth, last 12 months+46% · vs the 12 months beforeTop 8%of 2,184
- Operating margin5.6% · of sales kept as operating profitLowest 32%of 1,549
- Return on invested capital3.5% · profit per dollar of capitalLowest 20%of 1,001
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
ProfitabilityOperating margin widened to 5.6% in FY2025 from −1694.6% in FY2021 (SEC filings).
GrowthSales grew 46% to $455M over the last 12 months vs the 12 months before (SEC filings).
Balance sheetNet cash of $664M: cash and short-term investments exceed debt (Dec 31, 2025).
Balance sheetDebt / equity of 0.0×, below the 0.6× median for the 224 Industrials companies we cover.
Top bearish points 5 of 5
ValuationFree cash flow is negative (−$29M over the last 12 months), so there’s no cash-flow value under the price.
ProfitabilityGross margin narrowed to 41.8% in FY2025 from 2438.8% in FY2021 (SEC filings).
ProfitabilityReturn on invested capital of 3%, below the 9.5% discount rate our DCF uses.
QualityDoesn’t pass our quality screen: no positive free cash flow; ROE under 12% and ROIC under 10%.
RiskSwings hard: beta 2.88 vs the S&P 500 and 72% yearly volatility (SPY 13%).
All fundamentals
P/E 29.0 · FCF yield -1.5% · ROE 7%
Valuation
- P/E
- 29.0×Industrials median 26.3×
- Price / FCF
- n/anegative free cash flow
- FCF yield
- −1.5%
- EV / EBITDA
- 28.1×
- Price / sales
- 4.18×
- Price / book
- 1.41×
- Market cap
- $1.9Blisted
- Enterprise value
- $1.2B
Growth
- Revenue, 12 months
- $455M
- Sales growth, 12 months
- +45.8%vs the 12 months before
- Sales growth, 3 yrs
- n/anot reported in its SEC filings
- Diluted EPS, 12 months
- $2.98
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- $65M
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- 41.8%
- Operating margin
- 5.6%
- Net margin
- 14.4%
- FCF margin
- −6.4%
- Return on equity
- 7%
- Return on invested capital
- 3%
Balance sheet
- Cash & short-term inv.
- $714M
- Total debt
- $50M
- Net cash
- $664M
- Debt / equity
- 0.04×
- Interest coverage
- 8.9×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- −$29M
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- $17M
Trailing 12 months to Dec 31, 2025; balance sheet at Dec 31, 2025. From Hesai Group American Depositary Share’s SEC filings, reported in CNY and converted to US dollars. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $-0.3B · Sales +22%
- Free cash flow, 12 months−$0.3B
- Free-cash-flow yield-1.5%
- Free-cash-flow margin−10%
- Gross margin41%
- Operating margin0%
- Return on invested capital0%
- Return on equity8%
- Sales growth (latest quarter vs year-ago quarter)+22%
- Net debt / EBITDA−65.7×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $12.30
- 52-wk lowlowest close, 1 year$12.14−1.3%
- PriceMon Nov 2 close$12.30you are here
- 52-wk highhighest close, 1 year$28.79+134.1%
Momentum & 52-week range
RSI 38 · 5 days −10.2%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 10
- DateTue Nov 10, before the open
- Year-ago EPS$0.25
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
HSAI is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Hesai Group American Depositary Share in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 5:14 PM ET.
Compare with peers
Closest in size in Industrial machinery
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.