Li Auto Inc. (LI) intrinsic value & 10-year financials
Li Auto Inc. (LI) has a Graham intrinsic value of $17.94 per share. Over the last 9 fiscal years revenue grew 170.9% a year to $112.3B, with an average return on invested capital of -55.7%.
- Graham intrinsic value
- $17.94
- Revenue (FY2025)
- $112.3B
- Revenue growth (9-yr CAGR)
- 170.9%
- ROIC (10-yr avg)
- -55.7%
- Free cash flow (FY2025)
- -$12.8B
LI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $112.3B | $1.1B | $0.54 | -$12.8B | -0.5% | -1.8% |
| FY2024 | $144.5B | $8.0B | $3.79 | $8.2B | 4.9% | 1213.3% |
| FY2023 | $123.9B | $11.8B | $5.55 | $44.2B | 6.0% | -1769.1% |
| FY2022 | $45.3B | -$2.0B | -$1.04 | $2.3B | -8.1% | -17.9% |
| FY2021 | $27.0B | -$321.5M | -$0.17 | $4.9B | -3.8% | -4.7% |
| FY2020 | $9.5B | -$151.7M | -$0.91 | $2.5B | -7.1% | -7.1% |
| FY2019 | $284.4M | -$2.4B | -$12.87 | -$2.7B | -653.6% | 37.6% |
| FY2018 | — | -$1.5B | — | -$2.3B | — | 103.7% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Li Auto Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Li Auto Inc. has historically struggled to out-earn its cost of capital, averaging just 0.1% ROIC.
Li Auto Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Li Auto Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $17.94 per share.