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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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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Jan '22 | Dec '21 | Jan '21 | Dec '20 | Jan '20 | Dec '19 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
3 | 5 | 4 | 4 | — | 3 | — | — | — | — |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z-Score |
2.95 | 6.05 | 6.18 | (0.38) | — | 11.96 | — | 19.96 | — | 8.81 |
P/S ratio |
16.17 | 16.93 | 58.03 | 84.79 | 100.83 | 94.56 | 42.16 | 41.90 | 0.00 | 0.00 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
(1.03) | 0.11 | (10.07) | (11.14) | — | (4.94) | — | (1.69) | — | 1.41 |
Beneish M-Score |
(1.61) | (1.58) | (2.95) | (3.71) | — | (5.92) | — | 2.93 | — | — |
P/Operating CF |
(37.65) | 48.90 | (104.80) | (59.49) | (47.09) | (92.04) | (187.64) | (186.49) | (56.72) | (48.01) |
P/B ratio |
6.33 | 8.08 | 31.81 | 30.14 | 17.15 | 16.08 | 27.34 | 27.17 | 9.99 | 8.45 |
Price to Tangible BV |
6.41 | 8.10 | 32.18 | 30.62 | 17.18 | 16.12 | 27.44 | 27.28 | 10.02 | 8.49 |
EV/Sales |
14.24 | 14.61 | 55.89 | 81.98 | 95.86 | 89.59 | 41.35 | 41.09 | 0.00 | 0.00 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(79.39) | 104.38 | (14.04) | (10.34) | (26.72) | (24.97) | (49.09) | (48.78) | 0.00 | 0.00 |
EV/FCF |
(20.88) | (370.68) | (12.81) | (9.20) | (22.81) | (21.32) | (46.37) | (46.08) | 0.00 | 0.00 |
Quick Ratio |
1.73 | 2.58 | 1.48 | 0.95 | 1.05 | 2.71 | 2.72 | 2.25 | 2.24 | 3.88 |
Current Ratio |
2.07 | 2.89 | 1.81 | 1.37 | 1.37 | 3.50 | 3.50 | 2.69 | 2.69 | 4.48 |
Net Debt/EBITDA |
2.72 | 4.41 | 0.89 | 0.42 | 0.17 | 0.90 | 0.88 | 2.05 | 1.66 | 7.17 |
Debt/Assets |
16.17% | 6.01% | 13.81% | 23.48% | 37.69% | 5.60% | 5.60% | 3.10% | 9.29% | 8.35% |
Debt/Equity |
0.30 | 0.10 | 0.39 | 1.00 | 1.61 | 0.09 | 0.09 | 0.05 | 0.16 | 0.12 |
Asset Turnover |
0.24 | 0.41 | 0.21 | 0.08 | 0.00 | 0.11 | 0.00 | 0.40 | 0.00 | 0.42 |
Operating CF/Net income |
0.65 | (0.69) | 0.29 | 0.53 | 0.53 | 0.39 | 0.39 | 1.73 | 1.73 | 0.73 |
Capex/Depreciation |
(7.48) | (2.93) | (0.69) | (1.53) | 0.00 | (2.02) | 0.00 | (1.44) | 0.00 | (0.66) |
Interest Coverage |
(52.97) | (75.34) | (101.03) | (79.55) | (132.80) | (177.74) | (129.01) | (39.09) | (51.58) | (55.48) |
| (27.82%) | (39.08%) | (176.15%) | (135.00%) | 0.00% | (103.74%) | 0.00% | (30.57%) | 0.00% | 63.74% | |
| (15.73%) | (20.89%) | (52.70%) | (59.12%) | 0.00% | (62.25%) | 0.00% | (19.35%) | 0.00% | (26.33%) | |
ROIC |
(75.80%) | 0.00% | 0.00% | 0.00% | 0.00% | (385.88%) | 0.00% | (55.26%) | 0.00% | (123.04%) |
Return on Tangible Assets |
(26.90%) | (24.27%) | (121.86%) | (216.12%) | (150.36%) | (83.83%) | (82.84%) | (30.50%) | (28.90%) | (21.71%) |
Average Days of Receivables |
97.52 | 46.56 | 108.12 | 167.19 | 376.51 | 369.75 | 382.35 | 336.00 | 352.73 | 123.18 |
Research and Development Expense of Revenue |
46.55% | 43.73% | 142.49% | 304.82% | 304.81% | 241.44% | 241.43% | 58.45% | 58.44% | 46.93% |
Selling, General and Administrative Expense of Revenue |
93.71% | 79.89% | 179.25% | 460.75% | 437.15% | 405.98% | 405.96% | 54.86% | 54.86% | 52.37% |
Intangible Assets out of Total Assets |
0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
58.89% | 59.88% | 129.00% | 218.66% | 0.00% | 213.25% | 0.00% | 30.46% | 0.00% | 12.10% |
Graham Net Nets |
0.08 | 0.09 | 0.01 | (0.01) | 0.05 | 0.05 | 0.03 | 0.03 | 0.09 | 0.11 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(4.08%) | (3.05%) | (4.43%) | (8.84%) | (5.53%) | (5.90%) | (1.13%) | (1.14%) | (0.24%) | (0.28%) |
Free Cash Flow Yield |
(4.22%) | (0.23%) | (7.52%) | (10.51%) | (4.17%) | (4.44%) | (2.12%) | (2.13%) | 0.00% | 0.00% |
Revenue per Share |
0.82 | 0.93 | 0.27 | 0.11 | 0.17 | 0.16 | 0.23 | 0.50 | 0.70 | 0.57 |
Operating CF per Share |
(0.35) | 0.32 | (0.20) | (0.44) | (0.65) | (0.34) | (0.49) | (0.42) | (0.59) | (0.26) |
Capex per Share |
(0.29) | (0.08) | (0.02) | (0.03) | 0.00 | (0.04) | 0.00 | (0.02) | 0.00 | (0.02) |
Free Cash Flow per Share |
(0.64) | 0.24 | (0.23) | (0.47) | (0.65) | (0.38) | (0.49) | (0.45) | (0.59) | (0.28) |
Cash per Share |
2.20 | 2.36 | 0.77 | 0.63 | 0.91 | 0.87 | 1.27 | 0.53 | 0.78 | 1.55 |
Shareholders Equity per Share |
2.08 | 1.95 | 0.50 | 0.32 | 0.45 | 0.93 | 1.35 | 0.78 | 1.14 | 1.48 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
2.08 | 1.95 | 0.50 | 0.32 | 0.45 | 0.93 | 1.35 | 0.78 | 1.14 | 1.48 |
Free Cash Flow |
(46.97) | 16.15 | (13.73) | (27.12) | (25.76) | (21.55) | (18.86) | (24.61) | (21.98) | (8.51) |
Working Capital |
109.78 | 121.47 | 28.59 | 15.20 | 15.08 | 53.47 | 53.46 | 40.83 | 40.74 | 47.82 |
Capital Expenditures |
(21.30) | (5.49) | (1.28) | (1.98) | (2.05) | (2.46) | (2.43) | (1.36) | (1.32) | (0.54) |
Net Current Asset Value |
80.12 | 99.78 | 9.67 | (2.76) | 3.22 | 43.28 | 49.54 | 33.35 | 39.40 | 42.30 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.36 | 0.09 | 0.08 | 0.31 | 0.00 | 0.28 | 0.00 | 0.05 | 0.00 | 0.03 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.08 | 0.23 | 0.30 | 0.19 | 0.18 | 0.23 | 0.23 | 0.30 | 0.28 | 0.35 |
Cash ROIC |
(13.04%) | 5.34% | (15.45%) | (37.52%) | (31.22%) | (20.31%) | (17.81%) | (33.31%) | (28.14%) | (8.69%) |
Accounts Receivable Turnover |
4.99 | 9.71 | 4.22 | 1.07 | 0.00 | 0.52 | 0.00 | 1.76 | 0.00 | 3.73 |
Accounts Payable Turnover |
1.26 | 2.16 | 1.18 | 0.36 | 0.00 | 0.43 | 0.00 | 1.88 | 0.00 | 2.40 |
Inventory Turnover |
1.85 | 2.58 | 0.63 | 0.19 | 0.00 | 0.33 | 0.00 | 2.29 | 0.00 | 3.82 |
Average Days of Payables |
300.74 | 264.00 | 304.21 | 857.22 | 490.74 | 800.42 | 809.91 | 262.44 | 276.99 | 196.81 |
Days of Inventory on Hand |
230.65 | 156.78 | 515.57 | 1,749.47 | 1,097.21 | 1,371.77 | 1,564.95 | 232.54 | 318.45 | 133.38 |
Average Receivables |
11.97 | 6.44 | 3.92 | 5.99 | 7.91 | 17.22 | 17.32 | 15.66 | 15.56 | 4.69 |
Average Payables |
18.20 | 11.20 | 5.04 | 6.15 | 6.12 | 7.65 | 7.65 | 6.03 | 6.02 | 3.03 |
Average Inventory |
12.45 | 9.37 | 9.44 | 11.37 | 11.83 | 9.73 | 10.51 | 4.94 | 6.00 | 1.90 |
Average Assets |
250.93 | 150.70 | 80.64 | 80.50 | 80.19 | 79.14 | 79.14 | 69.41 | 69.32 | 41.36 |
Average Common Equity |
141.86 | 80.56 | 24.12 | 35.25 | 35.15 | 47.49 | 47.37 | 43.93 | 43.77 | (17.08) |
Columns are period end dates · fundamentals updated 26 Oct 2026