On August 17 2023, EHANG HOLDINGS ($NASDAQ:EH) released their financial results for FY2023 Q2 (ending June 30 2023), revealing total revenue of CNY 10.0 million, a drop of 31.5% year-over-year. Net income for the quarter was CNY -75.6 million, slightly lower than the -73.6 million recorded in the same quarter of the previous year.
GoodWhale conducted an analysis of EHANG HOLDINGS‘s wellbeing and found that based on the Star Chart, EHANG HOLDINGS is strong in growth, medium in asset and weak in dividend, profitability. This classification of ‘rhino’ implies that the company has achieved moderate revenue or earnings growth. This type of company may be attractive to investors who are looking for a more stable return than the high-risk investments. However, EHANG HOLDINGS has a low health score of 2/10 when considering its cashflows and debt, which could suggest that it is less likely to sustain future operations in times of crisis. Therefore, investors should take this into consideration when assessing the company’s potential. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Ehang Holdings. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ehang Holdings. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ehang Holdings. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Ehang Holdings are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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The competition in the drone market is heating up with the entrance of new players such as EHang Holdings Ltd, Vertical Aerospace Ltd, Xeriant Inc, and Bharat Dynamics Ltd. All these companies are vying for a share in this rapidly growing market with their innovative products and cutting-edge technology. While EHang is the pioneer in the development of passenger drones, Vertical Aerospace is the first company to obtain regulatory approval for its drone in the UK. Xeriant Inc is a leading player in the development of military drones, while Bharat Dynamics Ltd is a well-established name in the Indian drone market.
– Vertical Aerospace Ltd ($NYSE:EVTL)
Vertical Aerospace Ltd is a manufacturer of electric aircraft. The company has a market cap of 1.07B as of 2022 and a return on equity of -234.66%. Vertical Aerospace is headquartered in the United Kingdom and has a workforce of over 200 employees. The company’s electric aircraft are designed to be more efficient and quieter than traditional aircraft, and have a range of up to 500 miles.
Xeriant Inc is a publicly traded company with a market capitalization of $11 million as of 2022. The company’s return on equity, a measure of profitability, was -533.25% as of that year. Xeriant Inc is engaged in the business of providing software and services to the healthcare industry.
– Bharat Dynamics Ltd ($BSE:541143)
Bharat Dynamics Ltd has a market cap of 175.52B as of 2022, a Return on Equity of 16.39%. The company is involved in the design, development, manufacture and marketing of a range of products for defence applications. These include missiles, torpedoes, rockets, anti-tank guided weapons, ammunition and other defence related products.
EHANG HOLDINGS’ Q2 financial results for FY2023 showed a decrease of 31.5% in total revenue compared to the same quarter in the previous year. There was a slight decline in net income from -73.6 million in the same quarter of the previous year to -75.6 million. As a result, the stock price dropped the same day.
Investors should take these figures into account when evaluating EHANG HOLDINGS for potential investment. The company may be facing financial hardship and investors should proceed with caution and conduct further due diligence before investing.