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NIO INC - ADR (NIO) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:NIO - US62914V1061 - ADR

5.04 USD
+0.03 (+0.6%)
Last: 12/5/2025, 8:04:00 PM
5.05 USD
+0.01 (+0.2%)
After Hours: 12/5/2025, 8:04:00 PM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to NIO. NIO was compared to 36 industry peers in the Automobiles industry. Both the profitability and financial health of NIO have multiple concerns. NIO is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year NIO has reported negative net income.
NIO had negative earnings in each of the past 5 years.
In multiple years NIO reported negative operating cash flow during the last 5 years.
NIO Yearly Net Income VS EBIT VS OCF VS FCFNIO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5B -10B -15B -20B

1.2 Ratios

Looking at the Return On Assets, with a value of -20.37%, NIO is in line with its industry, outperforming 47.22% of the companies in the same industry.
Looking at the Return On Equity, with a value of -621.93%, NIO is doing worse than 69.44% of the companies in the same industry.
Industry RankSector Rank
ROA -20.37%
ROE -621.93%
ROIC N/A
ROA(3y)-18.07%
ROA(5y)-15.44%
ROE(3y)-174.5%
ROE(5y)-114.92%
ROIC(3y)N/A
ROIC(5y)N/A
NIO Yearly ROA, ROE, ROICNIO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 -200 -300

1.3 Margins

NIO has a Gross Margin (11.24%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of NIO has declined.
The Profit Margin and Operating Margin are not available for NIO so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 11.24%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-19.42%
GM growth 5YN/A
NIO Yearly Profit, Operating, Gross MarginsNIO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

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1

2. Health

2.1 Basic Checks

NIO does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, NIO has more shares outstanding
Compared to 5 years ago, NIO has more shares outstanding
Compared to 1 year ago, NIO has an improved debt to assets ratio.
NIO Yearly Shares OutstandingNIO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
NIO Yearly Total Debt VS Total AssetsNIO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

2.2 Solvency

A Debt/Equity ratio of 3.73 is on the high side and indicates that NIO has dependencies on debt financing.
NIO has a worse Debt to Equity ratio (3.73) than 69.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.73
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC6.64%
NIO Yearly LT Debt VS Equity VS FCFNIO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B -10B 20B 30B

2.3 Liquidity

A Current Ratio of 0.94 indicates that NIO may have some problems paying its short term obligations.
With a Current ratio value of 0.94, NIO is not doing good in the industry: 63.89% of the companies in the same industry are doing better.
A Quick Ratio of 0.83 indicates that NIO may have some problems paying its short term obligations.
NIO's Quick ratio of 0.83 is in line compared to the rest of the industry. NIO outperforms 47.22% of its industry peers.
Industry RankSector Rank
Current Ratio 0.94
Quick Ratio 0.83
NIO Yearly Current Assets VS Current LiabilitesNIO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

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6

3. Growth

3.1 Past

NIO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.34%.
The Revenue has grown by 14.91% in the past year. This is quite good.
Measured over the past years, NIO shows a very strong growth in Revenue. The Revenue has been growing by 53.06% on average per year.
EPS 1Y (TTM)0.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%30.47%
Revenue 1Y (TTM)14.91%
Revenue growth 3Y22.07%
Revenue growth 5Y53.06%
Sales Q2Q%16.16%

3.2 Future

Based on estimates for the next years, NIO will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.45% on average per year.
NIO is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.57% yearly.
EPS Next Y30.67%
EPS Next 2Y32.5%
EPS Next 3Y27.18%
EPS Next 5Y16.45%
Revenue Next Year30.05%
Revenue Next 2Y37.99%
Revenue Next 3Y30.58%
Revenue Next 5Y20.57%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
NIO Yearly Revenue VS EstimatesNIO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 50B 100B 150B
NIO Yearly EPS VS EstimatesNIO Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 -10 -20 -30

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for NIO. In the last year negative earnings were reported.
Also next year NIO is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NIO Price Earnings VS Forward Price EarningsNIO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NIO Per share dataNIO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 3 4

4.3 Compensation for Growth

A more expensive valuation may be justified as NIO's earnings are expected to grow with 27.18% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.5%
EPS Next 3Y27.18%

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0

5. Dividend

5.1 Amount

NIO does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NIO INC - ADR

NYSE:NIO (12/5/2025, 8:04:00 PM)

After market: 5.05 +0.01 (+0.2%)

5.04

+0.03 (+0.6%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)11-25 2025-11-25/bmo
Earnings (Next)03-19 2026-03-19/amc
Inst Owners8.41%
Inst Owner Change100.59%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap12.42B
Revenue(TTM)72.54B
Net Income(TTM)-22.82B
Analysts72.67
Price Target6.96 (38.1%)
Short Float %6.86%
Short Ratio2.44
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.1%
Min EPS beat(2)10.87%
Max EPS beat(2)17.32%
EPS beat(4)2
Avg EPS beat(4)-6.74%
Min EPS beat(4)-38.87%
Max EPS beat(4)17.32%
EPS beat(8)4
Avg EPS beat(8)-6.35%
EPS beat(12)4
Avg EPS beat(12)-11.74%
EPS beat(16)6
Avg EPS beat(16)-10.9%
Revenue beat(2)0
Avg Revenue beat(2)-4.22%
Min Revenue beat(2)-5.51%
Max Revenue beat(2)-2.93%
Revenue beat(4)0
Avg Revenue beat(4)-4.16%
Min Revenue beat(4)-5.51%
Max Revenue beat(4)-2.93%
Revenue beat(8)1
Avg Revenue beat(8)-3.25%
Revenue beat(12)1
Avg Revenue beat(12)-6.09%
Revenue beat(16)5
Avg Revenue beat(16)-3.39%
PT rev (1m)5.22%
PT rev (3m)33.93%
EPS NQ rev (1m)0.1%
EPS NQ rev (3m)0.15%
EPS NY rev (1m)0%
EPS NY rev (3m)7.12%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-10.6%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.62%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.21
P/FCF N/A
P/OCF N/A
P/B 23.93
P/tB 25.52
EV/EBITDA N/A
EPS(TTM)-1.35
EYN/A
EPS(NY)-0.34
Fwd EYN/A
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS4.16
BVpS0.21
TBVpS0.2
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -20.37%
ROE -621.93%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 11.24%
FCFM N/A
ROA(3y)-18.07%
ROA(5y)-15.44%
ROE(3y)-174.5%
ROE(5y)-114.92%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-19.42%
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 3.73
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.94
Quick Ratio 0.83
Altman-Z N/A
F-ScoreN/A
WACC6.64%
ROIC/WACCN/A
Cap/Depr(3y)195.18%
Cap/Depr(5y)166.38%
Cap/Sales(3y)17.95%
Cap/Sales(5y)14.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%30.47%
EPS Next Y30.67%
EPS Next 2Y32.5%
EPS Next 3Y27.18%
EPS Next 5Y16.45%
Revenue 1Y (TTM)14.91%
Revenue growth 3Y22.07%
Revenue growth 5Y53.06%
Sales Q2Q%16.16%
Revenue Next Year30.05%
Revenue Next 2Y37.99%
Revenue Next 3Y30.58%
Revenue Next 5Y20.57%
EBIT growth 1Y9.98%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year47.24%
EBIT Next 3Y28.34%
EBIT Next 5Y21.42%
FCF growth 1Y-8.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-468.14%
OCF growth 3YN/A
OCF growth 5YN/A

NIO INC - ADR / NIO FAQ

Can you provide the ChartMill fundamental rating for NIO INC - ADR?

ChartMill assigns a fundamental rating of 2 / 10 to NIO.


What is the valuation status of NIO INC - ADR (NIO) stock?

ChartMill assigns a valuation rating of 1 / 10 to NIO INC - ADR (NIO). This can be considered as Overvalued.


Can you provide the profitability details for NIO INC - ADR?

NIO INC - ADR (NIO) has a profitability rating of 1 / 10.