# Hesai Group American Depositary Share (HSAI) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology. Price $18.89, market value $23.7 billion.

## Valuation
- **P/E (trailing): 37.8×** (5-yr avg 52.1×, 3-yr avg 52.1×). Hesai Group American Depositary Share trades at 37.8× trailing earnings, well below its own five-year average of 52.1×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 20.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.04**. A PEG of 0.04 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 7.1×**. Each dollar of revenue is priced at 7.1×.
- **Price / book: 2.2×**. The shares trade at 2.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 43.2×**. Enterprise value is 43.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -0.1%** (5-yr avg -2.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 2.6%**. The inverse of the P/E: 2.6% of the price is earned each year.

## Profitability
- **Gross margin: 40.7%**. Hesai Group American Depositary Share keeps 40.7% of revenue after the direct cost of what it sells.
- **Operating margin: 3.8%**. 3.8% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 14.4%**. 14.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.9%**. 4.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 10.5%**. Return on all capital, debt included, is 10.5%.
- **Return on assets: 30.9%**. Each dollar of assets produces 30.9% of profit.

## Growth
- **Revenue growth (1 yr): 52.1%** (3-yr 35.4%/yr). Revenue grew 52.1% over the last year.
- **EPS growth (1 yr): 490.9%**. Earnings per share rose 490.9%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.08**. Debt is 0.08 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Hesai Group American Depositary Share holds more cash than debt.
- **Interest coverage: 7.4×**. Operating profit covers interest 7.4× over, a safe margin.
- **Altman Z-score: 44.71**. A Z-score of 44.71 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Hesai Group American Depositary Share does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (19 analysts). 19 analysts cover Hesai Group American Depositary Share; the consensus is strong_buy, with an average price target of $28.30 (+50% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -28.5%** (YTD -15.7%, 3-mo 2.2%). The shares are down 28.5% over twelve months including dividends.
- **From 52-week high: -38.8%** (32.2% above the low). Trading 39% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 2.89** (volatility 71%). Beta of 2.89 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HSAI · Page: https://foliofundamentals.com/stocks/hsai

Not investment advice.