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Friday 6 November 2026
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EHang Holdings Limited Unsponsored ADR
EH Industrials Aerospace & Defense
EHang Holdings Limited Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $59.8 million, down 4.36% from fiscal 2024.
- Revenue
- −44.1%
- EPS
- −50.0%
- Free cash flow
- −1,807.1%
- Total debt
- +96.6%
Quarter to June 2026, against a year earlier
3.69
0.39
−9.56%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | 5 | 10 | 17 | 28 | 9 | 6 | 17 | 62 | 60 | 51 | +37.5% | 64 | 109 | 178 | +43.8% | |
| Gross margin, % | — | 13.20 | 50.76 | 58.46 | 58.96 | 63.43 | 65.93 | 64.13 | 61.37 | 61.52 | 61.04 | +48.3 pt | ||||||
| EBT | — | (12) | (12) | (7) | (14) | (49) | (48) | (42) | (31) | (39) | (54) | +16.0% | ||||||
| EBT margin, % | — | (256.80) | (120.66) | (38.72) | (51.13) | (551.87) | (743.42) | (255.98) | (49.39) | (65.93) | (106.23) | +190.9 pt | ||||||
| Net income | — | 0 | 0 | (7) | (14) | (49) | (48) | (43) | (32) | (40) | (40) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | 0.09 | 0.28 | 0.57 | 0.50 | 0.16 | 0.11 | 0.27 | 0.93 | 0.82 | 0.67 | +32.2% | |||||
| Earnings | — | — | — | (0.36) | (0.24) | (0.88) | (0.82) | (0.70) | (0.46) | (0.54) | (0.72) | +7.0% | ||||||
| Cash flow | — | (0.11) | (0.18) | (0.26) | (0.42) | (0.34) | (0.44) | (0.20) | 0.32 | (0.35) | 0.00 | +16.1% | ||||||
| Capex | — | 0.00 | 0.00 | (0.02) | (0.02) | (0.04) | (0.03) | (0.02) | (0.08) | (0.29) | 0.00 | n/m | ||||||
| Free cash flow | — | (0.11) | (0.18) | (0.28) | (0.45) | (0.38) | (0.47) | (0.23) | 0.24 | (0.64) | 0.00 | +25.2% | ||||||
| Book value | — | 0.33 | 0.24 | 1.48 | 0.78 | 0.93 | 0.32 | 0.50 | 1.95 | 2.08 | 1.76 | +26.0% | ||||||
| Shares, m | — | 54 | 36 | 31 | 55 | 56 | 57 | 61 | 67 | 73 | 75 | +4.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | 0.00 | 0.00 | 0.00 | 41.90 | 94.56 | 84.79 | 58.03 | 16.93 | 16.17 | 5.51 | 34.7 | ||||||
| P/B | — | 8.45 | 8.45 | 8.45 | 27.17 | 16.08 | 30.14 | 31.81 | 8.08 | 6.33 | 2.10 | 16.1 | ||||||
| EV/Sales | — | 0.00 | 0.00 | 0.00 | 41.09 | 89.59 | 81.98 | 55.89 | 14.61 | 14.24 | 4.15 | 33.0 | ||||||
| EV/FCF | — | 0.00 | 0.00 | 0.00 | (46.08) | (21.32) | (9.20) | (12.81) | (370.68) | (20.88) | (5.17) | (53.4) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | (6) | (7) | (8) | (23) | (19) | (25) | (12) | 22 | (26) | (11) | +20.7% | |||||
| Capex | — | (2) | (1) | (1) | (1) | (2) | (2) | (1) | (5) | (21) | (30) | +36.7% | ||||||
| Free cash flow | — | (6) | (7) | (9) | (25) | (22) | (27) | (14) | 16 | (47) | (41) | +30.2% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | 15 | 7 | 48 | 41 | 53 | 15 | 29 | 121 | 110 | 86 | +28.3% | |||||
| Net debt | — | (15) | (7) | (42) | (27) | (44) | (18) | (35) | (145) | (115) | (69) | +28.6% | ||||||
| Shareholders’ equity | — | 18 | 9 | 45 | 43 | 52 | 18 | 30 | 131 | 153 | 133 | +31.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | 0.00 | 0.00 | (26.33) | (19.35) | (62.25) | (59.12) | (52.70) | (20.89) | (15.73) | (20.96) | (15.7) pt | |||||
| ROIC | — | 0.00 | 0.00 | (123.04) | (55.26) | (385.88) | 0.00 | 0.00 | 0.00 | (75.80) | (58.53) | (75.8) pt | ||||||
| ROE | — | 18.16 | 15.45 | 63.74 | (30.57) | (103.74) | (135.00) | (176.15) | (39.08) | (27.82) | (39.74) | (46.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | 233 | 240 | 227 | 326 | 341 | 367 | 483 | 829 | — | +19.9% | |||||
| Revenue/emp, $m | — | 0.00 | 0.00 | 0.07 | 0.12 | 0.03 | 0.02 | 0.05 | 0.13 | 0.07 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
EHang Holdings Limited Unsponsored ADR vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SPCE Virgin Galactic Holdings, Inc. | $360.8M | — (loss-making) | — (loss-making) | −67.00% (below 0%: shrinking) | n/m | +20.27% (above 0%: growing) | 100.00% | (48,452.24%) | Compare |
| IA Innovative Solutions and Support, Inc. | $324.3M | 17.0× | 23.6× | +10.72% (above 0%: growing) | +78.57% (above 0%: growing) | +31.13% (above 0%: growing) | 51.65% | 22.55% | Compare |
| POWW Outdoor Holding Company | $268.1M | 76.7× | 47.4× | +22.12% (above 0%: growing) | n/m | −89.37% (below 0%: shrinking) | 84.55% | 22.76% | Compare |
| PUSA Powerus Corporation | $243.1M | — (loss-making) | — (loss-making) | +17.65% (above 0%: growing) | n/m | +47.68% (above 0%: growing) | 37.46% | (107.76%) | Compare |
| EH EHang Holdings Limited Unsponsored ADR | $206.6M | — (loss-making) | — (loss-making) | −44.12% (below 0%: shrinking) | n/m | −1,807.06% (below 0%: shrinking) | 61.24% | (169.14%) | |
| NSTR NorthStar Earth & Space Enterprises Inc | $153.3M | — | — | — | — | — | — | — | Compare |
| AIRO AIRO Group Holdings, Inc. | $150.8M | — (loss-making) | — (loss-making) | +75.89% (above 0%: growing) | n/m | −55.38% (below 0%: shrinking) | 64.12% | 3.83% | Compare |
| DPRO Draganfly Inc. | $110.0M | — (loss-making) | — (loss-making) | +25.84% (above 0%: growing) | n/m | −149.77% (below 0%: shrinking) | 20.01% | (584.90%) | Compare |
| SIF SIFCO Industries, Inc. | $105.5M | 25.8× | — | +18.33% (above 0%: growing) | n/m | −792.26% (below 0%: shrinking) | 13.09% | 1.09% | Compare |
| Median of peers | $198.2M | 25.8× | — | +18.33% | — | −55.38% | 51.65% | 1.09% |