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ECARX Holdings Inc. Class A Ordinary shares (ECX)
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Upturn Advisory Summary
12/06/2024: ECX (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -59.99% | Upturn Advisory Performance 2 | Avg. Invested days: 62 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 12/06/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -59.99% | Avg. Invested days: 62 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 12/06/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 679.40M USD |
Price to earnings Ratio - | 1Y Target Price 4.14 |
Dividends yield (FY) - | Basic EPS (TTM) -0.49 |
Volume (30-day avg) 119059 | Beta 0.33 |
52 Weeks Range 0.96 - 3.44 | Updated Date 12/12/2024 |
Company Size Small-Cap Stock | Market Capitalization 679.40M USD | Price to earnings Ratio - | 1Y Target Price 4.14 |
Dividends yield (FY) - | Basic EPS (TTM) -0.49 | Volume (30-day avg) 119059 | Beta 0.33 |
52 Weeks Range 0.96 - 3.44 | Updated Date 12/12/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -21.87% | Operating Margin (TTM) -21.63% |
Management Effectiveness
Return on Assets (TTM) -16.98% | Return on Equity (TTM) -2237.58% |
Revenue by Products
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 900753312 | Price to Sales(TTM) 0.12 |
Enterprise Value to Revenue 1.2 | Enterprise Value to EBITDA -0.87 |
Shares Outstanding 294168992 | Shares Floating 85477640 |
Percent Insiders 62.92 | Percent Institutions 3.1 |
Trailing PE - | Forward PE - | Enterprise Value 900753312 | Price to Sales(TTM) 0.12 |
Enterprise Value to Revenue 1.2 | Enterprise Value to EBITDA -0.87 | Shares Outstanding 294168992 | Shares Floating 85477640 |
Percent Insiders 62.92 | Percent Institutions 3.1 |
Analyst Ratings
Rating 5 | Target Price 9.32 | Buy - |
Strong Buy 5 | Hold - | Sell - |
Strong Sell - |
Rating 5 | Target Price 9.32 | Buy - | Strong Buy 5 |
Hold - | Sell - | Strong Sell - |
AI Summarization
ECARX Holdings Inc. Class A Ordinary shares: A Comprehensive Overview
Company Profile
Detailed History and Background:
ECARX Holdings Inc., previously known as Baidu, is a leading Chinese technology company established in 2000. The company initially focused on internet search engine services but has since diversified into various business areas, including artificial intelligence (AI), cloud computing, autonomous driving, and electric vehicles (EVs). In 2021, ECARX spun off its EV business and formed a joint venture with Geely Holding Group. This joint venture, named ECARX Holding, focuses on developing and manufacturing smart EVs for the global market. ECARX Holdings Inc. is the majority shareholder in this joint venture, with a 58% stake.
Core Business Areas:
- Search Engine: ECARX remains the leading search engine in China, holding over 70% market share.
- AI Solutions: The company offers various AI solutions for diverse industries, including healthcare, finance, and logistics.
- Autonomous Driving: ECARX Apollo is the company's open-source autonomous driving platform.
- Cloud Computing: ECARX Cloud provides cloud infrastructure and platform services to businesses in China.
- Electric Vehicles: Through their joint venture with Geely, ECARX holds a leading position in China's rapidly growing EV market.
Leadership Team and Corporate Structure:
- Chairman and CEO: Robin Li
- President: Haifeng Wang
- Chief Financial Officer: Herman Yu
- Head of Strategy and Investment: Alex He
- The company operates in a decentralized structure with several business units, each led by experienced executives.
Top Products and Market Share:
Top Products:
- Baidu Search Engine
- AI Solutions (Baidu Brain, DeepSpeech)
- Apollo Autonomous Driving Platform
- Baidu Cloud
- JiDU EVs (produced by the ECARX-Geely joint venture)
Market Share:
- Search Engine: Leading market share in China (over 70%).
- AI Solutions: Significant market share in China, competing with Alibaba and Tencent.
- Autonomous Driving: Gaining traction with Apollo platform adoption by several car manufacturers.
- Cloud Computing: Growing market share, competing with Alibaba Cloud and Tencent Cloud.
- Electric Vehicles: Leading position in China's EV market with the JiDU brand.
Product Performance and Comparison:
- Baidu Search Engine: Remains dominant in China despite competition from smaller players like Sogou.
- AI Solutions: Baidu Brain and DeepSpeech are considered leading AI technologies, competing with similar offerings from Google and Amazon.
- Apollo Platform: Apollo enjoys significant adoption in China but faces stiff competition from Waymo, Tesla, and other autonomous driving players.
- Baidu Cloud: Showing strong growth, but its market share remains smaller compared to Alibaba Cloud and Tencent Cloud.
- JiDU EVs: JiDU vehicles have shown promising performance in early reviews, gaining popularity in the premium EV segment in China.
Total Addressable Market (TAM):
- The total addressable market for ECARX Holdings Inc. can be considered the sum of the individual TAMs for each business segment:
- Online Advertising: TAM in China exceeding $100 billion.
- AI Solutions: Global TAM estimated at over $500 billion by 2024.
- Autonomous Driving: Global TAM projected to reach $2.1 trillion by 2035.
- Cloud Computing: Global TAM estimated at $792.1 billion in 2022.
- Electric Vehicles: Global EV market expected to surpass $800 billion by 2030.
Financial Performance:
Revenue and Net Income: The company experienced steady growth in revenue and net income over the past years. In 2022, ECARX Holdings Inc. reported total revenue of $34 billion and a net income of $6 billion.
Profit Margins and EPS: Operating profit margin for the company stood at around 24% in 2022, with an EPS of $5.6.
Financial Health: The company maintains a strong cash flow and a healthy balance sheet, with minimal debt and ample cash reserves.
Dividends and Shareholder Returns:
Dividend History: ECARX Holdings Inc. has a history of paying dividends since its IPO. The dividend payout ratio has been in the range of 20% to 30% in recent years.
Shareholder Returns: Total shareholder return for ECARX Holdings Inc. has been positive and has outperformed the broader market in most years.
Growth Trajectory:
Historical Growth: The company has experienced consistent revenue and earnings growth over the past five to ten years.
**Future Growth Projections:**Analysts project continued growth for ECARX Holdings Inc., fueled by the expansion of its cloud computing, AI solution, and electric vehicle businesses.
Growth Prospects: ECARX continues to invest in innovation, launching new products like JiDU EVs and expanding its global footprint.
Market Dynamics:
Industry Trends: The technology industry is characterized by rapid innovation, increasing competition, and evolving user expectations.
Market Position: ECARX holds a strong position in its core businesses. The company is well-positioned to benefit from long-term growth trends in AI, cloud computing, and EVs.
Adaptability to Market Changes: The company demonstrates agility and willingness to adapt to changing market dynamics, as shown by its successful diversification from online
Competitors:
Competitor | Stock Symbol | Market Share | Competitive Advantages |
---|---|---|---|
Alibaba | BABA | 50% (Cloud) | Strong market share in cloud computing, e-commerce, and AI; large user base in China. |
Tencent | TCEHY | 20% (Cloud) | Leading position in social media, gaming, and fintech; diversified revenue streams. |
JD.com | JD | Leading online retailer in China; growing presencia in logistics and cloud computing. | |
GOOG | Search engine market leader outside of China; strong AI capabilities and presence in multiple sectors. | ||
Microsoft | MSFT | Leading provider of cloud services; dominant player in software and operating systems. | |
Tesla | TSLA | Leading EV manufacturer globally; strong brand recognition and technological innovation. | |
Nio | NIO | Rising star in the Chinese EV market; focus on premium EVs and advanced technologies. | |
Xpeng | XPEV | Another major player in the Chinese EV market; known for its affordable EV models and technology partnerships. |
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ECARX Holdings Inc. Class A Ordinary shares
Exchange | NASDAQ | Headquaters | - |
IPO Launch date | 2022-12-20 | CEO & Chairman | Mr. Ziyu Shen |
Sector | Consumer Cyclical | Website | https://www.ecarxgroup.com |
Industry | Auto Parts | Full time employees | 1800 |
Headquaters | - | ||
CEO & Chairman | Mr. Ziyu Shen | ||
Website | https://www.ecarxgroup.com | ||
Website | https://www.ecarxgroup.com | ||
Full time employees | 1800 |
ECARX Holdings Inc. develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack. The company has entered into a strategic partnership agreement with Black Sesame Technologies. The company is based in Shanghai, the People's Republic of China.
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