# Hesai Group (HSAI) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / Electronic Components & Instruments. Price $12.07, market value $15.2 billion.

## Valuation
- **P/E (trailing): 25.7×** (5-yr avg 52.1×, 3-yr avg 52.1×). Hesai Group trades at 25.7× 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 14.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 4.5×**. Each dollar of revenue is priced at 4.5×.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 27.5×**. Enterprise value is 27.5× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -0.2%** (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: 3.9%**. The inverse of the P/E: 3.9% of the price is earned each year.

## Profitability
- **Gross margin: 40.7%**. Hesai Group 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 holds more cash than debt.
- **Interest coverage: 7.4×**. Operating profit covers interest 7.4× over, a safe margin.
- **Current ratio: 3.73** (quick 3.73). Current assets cover the next year's liabilities 3.73 times.
- **Altman Z-score: 29.63**. A Z-score of 29.63 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

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

## Analyst view
- **Analyst consensus: strong_buy** (18 analysts). 18 analysts cover Hesai Group; the consensus is strong_buy, with an average price target of $26.66 (+121% 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): -48.2%** (YTD -45.1%, 3-mo -30.9%). The shares are down 48.2% over twelve months including dividends.
- **From 52-week high: -58.9%** (0.6% above the low). Trading 59% 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): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 2.95** (volatility 72%). Beta of 2.95 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.