Li Auto Inc. (2015.HK) stock analysis

In our weekly check, Li Auto Inc. is graded D (A to F). Of 22 checks on debt, profit, cash flow and trend: 9 pass, warnings: 3, red flags: 10.

About Li Auto Inc.

Li Auto Inc. is a Consumer Cyclical company (Auto - Manufacturers) based in China, listed on HKSE as 2015.HK.

What our checks show for 2015.HK

Red flags

• Operating profit does not cover the interest bill (-30.4x): interest is paid from cash or new debt.
• The net margin fell by 3.2 points over 5 years, to -4.4%: the company keeps less of each sale as profit.
• The gross margin fell by 7.7 points, to 13.6%: costs are rising faster than prices.
• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Weak EPS growth
• The company is losing money: the net margin is -4.4%.
• Free cash flow is negative (-12.3% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 77% from a peak. Would you have held through that?
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect earnings per share to shrink about 10.9% a year.
• The price swings a lot: 42.3% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.

Strengths

• Debt is low: 0.45x equity.
• Analysts expect revenue to grow about 19.7% a year over the next years.
• Analysts expect the net margin to improve by 6.6 points from today's -4.4%.
• Revenue grew 32% a year over the last 3 years.
• A large company: market value $11.23 billion.
• Beta 0.55: the stock usually moves less than the market.

Next earnings report: 2026-12-01

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Questions

What grade does Li Auto Inc. (2015.HK) have?

In our weekly check, Li Auto Inc. is graded D (A to F). Of 22 checks on debt, profit, cash flow and trend: 9 pass, warnings: 3, red flags: 10. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2015.HK stock?

This week's biggest flags for Li Auto Inc.: Weak interest cover, Margins falling, Gross margin falling. In total 13 of 22 checks show a warning or a red flag.

What does Li Auto Inc. do?

Li Auto Inc. is a Consumer Cyclical company (Auto - Manufacturers) based in China, listed on HKSE as 2015.HK.

When does Li Auto Inc. report earnings next?

The next earnings report is expected on 2026-12-01. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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