Hesai (HSAI) Stock Analysis
This is a peer-relative look at Hesai (HSAI): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Automobiles & Components peers, so every number reads in context rather than in isolation.
Company Profile
Hesai (HSAI) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | HSAI |
|---|---|
| Name | Hesai Group American Depositary Share |
| Country/Region | China |
| GICS Sector | Consumer Discretionary |
| GICS Industry Group | Automobiles & Components |
| GICS Industry | Automobile Components |
| GICS Sub-Industry | Automotive Parts & Equipment |
| Market Capitalization | 21.76 billion USD |
| Currency | USD |
| Exchange | Nasdaq |
| Listing Date | February 9, 2023 |
| Security Type | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | Current stock: HSAI | Industry group median |
|---|---|---|
| Total Return (1Y) | -38.16% | -16.32% |
| Total Return (3Y, Annualized) | 19.87% | -6.27% |
| Total Return (5Y, Annualized) | -- | -4.42% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | Current stock: HSAI | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 70.36% | 45.69% |
| Beta (5Y) | 1.34 | 1.29 |
| Max Drawdown (5Y) | -84.17% | -71.47% |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | Current stock: HSAI | Industry group median |
|---|---|---|
| Sharpe Ratio (1Y) | -0.60 | -0.40 |
| Sortino Ratio (1Y) | -0.88 | -0.64 |
Profitability
ROE (TTM)
Hesai (HSAI) posts ROE of 7.49%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.
HSAI
Automobiles & Components industry group
7.49%
Group distribution
- Max
- 45.44%
- Q3
- 12.09%
- HSAI
- 7.49%
- Median
- 4.67%
- Q1
- -18.25%
- Min
- -61.53%
Largest peers
- RACE
- 45.44%
- TM
- 12.40%
- HSAI
- 7.49%
- TSLA
- 4.67%
- GM
- 3.16%
- HMC
- -0.76%
- F
- -18.25%
Net Margin (TTM)
Hesai (HSAI) keeps 14.93% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.
HSAI
Automobiles & Components industry group
14.93%
Group distribution
- Max
- 15.50%
- HSAI
- 14.93%
- Q3
- 4.28%
- Median
- 1.36%
- Q1
- -4.14%
- Min
- -14.37%
Largest peers
- RACE
- 22.25%
- HSAI
- 14.93%
- TM
- 8.63%
- TSLA
- 3.67%
- GM
- 1.05%
- HMC
- -0.75%
- F
- -3.94%
Operating Margin (TTM)
Hesai (HSAI) turns 0.26% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.
HSAI
Automobiles & Components industry group
0.26%
Group distribution
- Max
- 18.99%
- Q3
- 8.80%
- Median
- 4.15%
- HSAI
- 0.26%
- Q1
- 0.00%
- Min
- -8.50%
Largest peers
- RACE
- 31.07%
- HMC
- 8.76%
- TM
- 7.86%
- GM
- 3.20%
- F
- 1.88%
- TSLA
- 1.41%
- HSAI
- 0.26%
Profitability Metrics
| Metric | Current stock: HSAI | Industry group median |
|---|---|---|
| ROE (TTM) | 7.49% | 4.67% |
| ROA (TTM) | -0.13% | 2.24% |
| Net Margin (TTM) | 14.93% | 1.36% |
| Operating Margin (TTM) | 0.26% | 4.15% |
| Gross Margin (TTM) | 40.65% | 18.08% |
Growth
Revenue Growth
Hesai (HSAI) grew revenue 45.76%, above the industry benchmark range. Demand is expanding faster than at any typical peer, though growth that far ahead of the group is worth checking for acquisitions or other one-off contributions.
EPS Growth
No usable EPS growth is available for Hesai (HSAI) this period, so the earnings-momentum read is skipped.
Growth Metrics
| Metric | Current stock: HSAI | Industry group median |
|---|---|---|
| Revenue Growth (YoY) | 45.76% | 3.03% |
| Revenue Growth (3Y CAGR) | 36.03% | 5.69% |
| EPS Growth (YoY) | -- | -17.32% |
| EPS Growth (3Y CAGR) | -- | -7.41% |
Financial Strength
Current Ratio (MRQ)
Hesai (HSAI) has current ratio of 5.37, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.
HSAI
Automobiles & Components industry group
5.37
Group distribution
- HSAI
- 5.37
- Max
- 3.60
- Q3
- 2.49
- Median
- 1.81
- Q1
- 1.14
- Min
- 0.32
Largest peers
- HSAI
- 5.37
- RACE
- 2.43
- TSLA
- 1.94
- HMC
- 1.29
- TM
- 1.17
- GM
- 1.14
- F
- 1.09
Debt / Equity (MRQ)
Hesai (HSAI) has debt-to-equity ratio of 0.08, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.
HSAI
Automobiles & Components industry group
0.08
Group distribution
- Max
- 2.03
- Q3
- 1.24
- Median
- 0.78
- Q1
- 0.36
- HSAI
- 0.08
- Min
- 0.00
Largest peers
- F
- 4.57
- GM
- 2.02
- TM
- 1.15
- HMC
- 1.14
- RACE
- 0.86
- TSLA
- 0.18
- HSAI
- 0.08
Financial Strength Metrics
| Metric | Current stock: HSAI | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 5.37 | 1.81 |
| Debt / Equity (MRQ) | 0.08 | 0.78 |
| Net Debt / EBITDA | -65.68 | 1.84 |
Dividends
Dividend Yield (TTM)
Hesai (HSAI) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.
HSAI
Automobiles & Components industry group
0.00%
Group distribution
- Max
- 4.93%
- Q3
- 2.12%
- HSAI
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- HMC
- 221.38%
- TM
- 49.36%
- F
- 4.32%
- RACE
- 0.88%
- GM
- 0.77%
- HSAI
- 0.00%
- TSLA
- 0.00%
Dividend Payout Ratio (TTM)
Hesai (HSAI) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.
HSAI
Automobiles & Components industry group
0.00%
Group distribution
- Max
- 72.06%
- Q3
- 32.66%
- HSAI
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- F
- 64.10%
- HMC
- 55.35%
- RACE
- 38.96%
- GM
- 29.46%
- TM
- 26.38%
- HSAI
- 0.00%
- TSLA
- 0.00%
Dividend Metrics
| Metric | Current stock: HSAI | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Hesai (HSAI) trades at P/E ratio of 34.62, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.
HSAI
Automobiles & Components industry group
34.62
Group distribution
- Max
- 45.17
- HSAI
- 34.62
- Q3
- 33.73
- Median
- 19.45
- Q1
- 14.52
- Min
- 6.84
Largest peers
- TSLA
- 332.22
- GM
- 38.39
- RACE
- 38.31
- HSAI
- 34.62
- TM
- 8.67
- F
- --
- HMC
- --
P/S Ratio (TTM)
Hesai (HSAI) trades at 6.52 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.
HSAI
Automobiles & Components industry group
6.52
Group distribution
- HSAI
- 6.52
- Max
- 2.98
- Q3
- 1.56
- Median
- 0.55
- Q1
- 0.33
- Min
- 0.00
Largest peers
- TSLA
- 13.93
- RACE
- 9.88
- HSAI
- 6.52
- GM
- 0.42
- F
- 0.30
- TM
- 0.00
- HMC
- 0.00
P/B Ratio (MRQ)
Hesai (HSAI) trades at 2.04 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.
HSAI
Automobiles & Components industry group
2.04
Group distribution
- Max
- 4.52
- Q3
- 2.41
- HSAI
- 2.04
- Median
- 1.25
- Q1
- 0.71
- Min
- -1.57
Largest peers
- RACE
- 17.17
- TSLA
- 16.61
- TM
- 16.12
- HSAI
- 2.04
- F
- 1.56
- GM
- 1.21
- HMC
- 0.53
Valuation Metrics
| Metric | Current stock: HSAI | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | 34.62 | 19.45 |
| P/S Ratio (TTM) | 6.52 | 0.55 |
| P/B Ratio (MRQ) | 2.04 | 1.25 |
| Free Cash Flow Yield (TTM) | -1.51% | 5.97% |