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Niu Technologies

NIU Consumer Cyclical Auto Manufacturers

Niu Technologies' revenue for fiscal 2025 (year ended December 2025) was $616.0 million, up 36.7% from fiscal 2024.

Revenue
+21.1%
EPS
−2,000.0%
Free cash flow
+234.4%
Total debt
+5.58%

Quarter to June 2026, against a year earlier

1.74 0.05 −2.79%
Market cap
$123.2M
P/E
0.0×
Fwd P/E
7.9×
Dividend yield
—
F-score
6/9
Altman Z
1.48
Beneish M
−3.50
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.08
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 — — — — — — — —
Insider Ownership 12.69%

Capital & Financial Ratios $m

Size
Market Cap 123.24
Revenue ttm 690.88
Net income ttm (5.63)
Free cash flow ttm (19.36)
Net debt Q (217.20)
Valuation
P/E 0.00
Forward P/E 7.88
Price / sales 0.20
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.33
Financial health
Current ratio Q 1.03
Debt / equity Q 0.31 (at or below 0.5: strong)
Interest coverage Q (73.75)
Growth
Revenue growth Q +21.11% (above 0%: growing)
Operating income growth Q −832.54% (below 0%: shrinking)
EPS, this year −856.84% (below 0%: weak)
EPS, next year A +72.53% (at or above 15%: strong)
Revenue, next year A +26.31% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +23.69% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is −0.1×, against a ten-year median of 0.4×; over the ten years it ranged from −0.1× in 2026 to 8.4× in 2021.
P/S against its own 10 years 0.06%
10-year low 10-year high
P/B against its own 10 years 19.14%
10-year low 10-year high
EV/FCF against its own 10 years 29.51%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 152 154 190 250
Receivables 13 18 5 4
Inventory 55 89 93 107
Other — — — —
248 297 337 413
2023 2024 2025 Q'26
Payables 81 119 101 174
ST’ Debt 14 27 34 32
Other 3 5 26 41
151 226 286 400

Compound Annual Growth %

10y 5y 3y
Sales — 10.46% 10.27%
Cash Flow — (6.67%) 0.00%
Earnings — 0.00% 0.00%
Book Value — (3.20%) (12.01%)

Earnings Trends EPS, adjusted, against the consensus

Sep 2021 Estimate 0.24 Actual 0.20

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2020 0.08 0.13 Beat by 0.05
Mar 2021 0.04 0.01 Miss by 0.03
Jun 2021 0.17 0.20 Beat by 0.03
Sep 2021 0.24 0.20 Miss by 0.04

EPS $

Mar Jun Sep Dec Year
’26 (0.17) (0.09) — — —
’25 (0.07) 0.01 0.14 (0.16) (0.07)
’24 (0.10) (0.04) (0.07) (0.13) (0.33)
’23 (0.11) 0.00 (0.14) (0.23) (0.49)
’22 (0.06) 0.03 0.01 (0.07) (0.09)
’21 (0.01) 0.18 0.18 0.09 0.44
’20 (0.05) 0.10 0.15 0.11 0.33
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 132 212 — — —
’25 94 175 238 109 616
’24 70 129 146 105 450
’23 61 114 127 71 373
’22 91 124 162 83 459
’21 84 146 190 161 581
’20 33 91 132 119 375
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 51
’24 — — — — 7
’23 — — — — 13
’22 — — — — (18)
’21 — — — — 52
’20 — — — — 71
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — 25 25
’24 — — — (9) (9)
’23 — — — 2 2
’22 — — — (37) (37)
’21 — — — 8 8
’20 — — — 48 48
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten 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 53 116 215 298 375 581 459 373 450 616 691 +31.2% 778 955 1,021 +18.4%
Gross margin, % (4.39) 7.11 13.44 23.43 22.88 21.94 21.13 21.52 15.17 19.58 18.24 +24.0 pt
EBT (35) (28) (51) 28 29 43 (10) (40) (30) (9) (32) (14.1%)
EBT margin, % (65.59) (24.00) (23.62) 9.55 7.76 7.37 (2.25) (10.64) (6.59) (1.45) (4.64) +64.1 pt
Net income (35) (28) (51) 27 26 35 (7) (38) (26) (6) (6) (18.4%)
Per share, $
Per share, $ Revenue 10.26 8.84 6.53 4.00 4.97 7.57 5.92 4.76 5.69 7.71 8.52 (3.1%)
Earnings (6.73) (2.12) (1.54) 0.37 0.34 0.46 (0.09) (0.49) (0.33) (0.07) (0.38) (39.8%)
Cash flow (3.56) 0.92 0.03 0.34 0.95 0.68 (0.23) 0.17 0.09 0.63 0.00 n/m
Capex 0.00 (0.27) (0.24) (0.27) (0.31) (0.58) (0.25) (0.14) (0.21) (0.32) 0.00 n/m
Free cash flow (3.56) 0.65 (0.20) 0.07 0.64 0.10 (0.48) 0.03 (0.12) 0.31 0.00 n/m
Book value 1.09 (3.74) 2.52 1.53 2.02 2.58 2.45 1.96 1.61 1.62 1.31 +4.5%
Shares, m 5 13 33 75 75 77 78 78 79 80 80 +35.4%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 23.69 82.50 35.02 0.00 0.00 0.00 0.00 0.00 14.1
P/S 0.00 0.00 0.00 2.13 5.65 2.13 0.93 0.45 0.31 0.39 0.20 1.2
P/B 0.00 0.00 0.00 5.59 13.90 6.24 2.26 1.09 1.11 1.87 1.33 3.2
EV/Sales 0.00 0.00 0.00 1.76 5.20 1.83 0.64 0.08 0.03 0.14 (0.11) 1.0
EV/FCF 0.00 0.00 0.00 0.00 24.71 15.95 13.10 1.97 (0.33) (2.82) 2.48 5.3
Cash, $m
Cash, $m Operating cash flow (19) 12 1 26 71 52 (18) 13 7 51 53 n/m
Capex (2) (4) (8) (20) (23) (45) (20) (11) (16) (25) (73) +36.4%
Free cash flow (19) 9 (7) 5 48 8 (37) 2 (9) 25 (19) n/m
Balance, $m
Balance, $m Working capital (12) (26) 76 89 111 120 119 97 71 51 13 n/m
Net debt 11 3 (104) (110) (167) (176) (135) (138) (126) (155) (217) n/m
Shareholders’ equity 6 (49) 83 114 152 198 190 154 128 129 106 +41.6%
Returns, %
Returns, % ROA (52.58) (42.28) (40.86) 14.02 10.34 10.64 (1.91) (11.33) (7.94) (1.44) (6.30) +51.1 pt
ROIC 0.00 0.00 0.00 436.19 0.00 110.43 (14.67) (171.35) (1,489.99) 0.00 0.00 0.0 pt
ROE 86.89 69.91 (300.30) 27.77 19.44 20.21 (3.69) (22.26) (18.80) (4.38) (25.68) (91.3) pt
People
People Employees — 348 413 521 623 702 641 550 642 671 — +8.6%
Revenue/emp, $m 0.00 0.33 0.52 0.57 0.60 0.83 0.72 0.68 0.70 0.92 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Niu Technologies vs peers in Auto Manufacturers (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
LCID Lucid Group, Inc. $1.2B — (loss-making) — (loss-making) +56.24% (above 0%: growing) n/m −45.73% (below 0%: shrinking) (105.27%) (266.97%) Compare
CYD China Yuchai International Limited $750.7M 13.5× 6.5× −32.55% (below 0%: shrinking) −34.37% (below 0%: shrinking) −42.48% (below 0%: shrinking) 16.92% 4.23% Compare
PSNY Polestar Automotive Holding UK PLC $664.6M — (loss-making) — (loss-making) −36.75% (below 0%: shrinking) n/m −67.52% (below 0%: shrinking) (8.93%) (67.08%) Compare
LOT Lotus Technology Inc. Sponsored ADR $197.5M — (loss-making) — (loss-making) −39.84% (below 0%: shrinking) n/m +88.53% (above 0%: growing) 10.08% (40.47%) Compare
NIU Niu Technologies $123.2M — (loss-making) 7.9× +21.11% (above 0%: growing) n/m +234.40% (above 0%: growing) 15.99% (7.64%)
SEV Aptera Motors Corp. $79.4M — (loss-making) — — n/m −128.65% (below 0%: shrinking) — 0.00% Compare
GGR Gogoro Inc. $40.6M — (loss-making) — (loss-making) +7.30% (above 0%: growing) n/m +85.87% (above 0%: growing) 22.61% (4.37%) Compare
WKHS Workhorse Group, Inc. $34.2M — (loss-making) — (loss-making) +374.93% (above 0%: growing) n/m −159.63% (below 0%: shrinking) (209.77%) (545.20%) Compare
LOBO Lobo EV Technologies Ltd $5.8M — — — — −222.36% (below 0%: shrinking) — — Compare
Median of peers $138.4M — — −12.62% — −56.62% 0.57% (40.47%)

All 28 Auto Manufacturers stocks →

Niu Technologies (NIU) Latest News

19 Oct

Impact 3 · · GlobeNewswire

5 Oct

Impact 4 · · GlobeNewswire

10 Aug

Impact 4 ·
Impact 4 ·
Impact 3 · · MarketBeat transcript

17 Jun

Impact 3 · transcript

1 Jun

Impact 3 · · Simply Wall St.

27 May

Impact 3 · · The Motley Fool transcript

18 May

Impact 3 · · MarketBeat
Impact 3 · · GlobeNewswire

28 Apr

Impact 4 · · Insider Monkey

6 Apr

Impact 4 · · GlobeNewswire

16 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · MarketBeat
Impact 4 · · GlobeNewswire

13 Feb

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

12 Feb

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

11 Feb

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

10 Feb

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

9 Feb

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

6 Feb

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

5 Feb

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

4 Feb

Impact 4 · · Simply Wall St.
stockrow.com/NIU · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com