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Friday 6 November 2026
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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%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | 6 | 6 | 4 | 6 | 2 | 4 | 5 | 6 |
P/E ratio |
0.00 | 0.00 | 0.00 | 23.69 | 82.50 | 35.02 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z-Score |
— | — | 1.11 | 5.03 | 11.23 | 5.95 | 2.56 | 1.23 | 0.98 | 1.48 |
P/S ratio |
0.00 | 0.00 | 0.00 | 2.13 | 5.65 | 2.13 | 0.93 | 0.45 | 0.31 | 0.39 |
Altman Z″-Score (non-manufacturers) |
(14.37) | (9.55) | (1.03) | 2.52 | 3.07 | 3.16 | 2.25 | 0.86 | (0.08) | (0.15) |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 26.83 | 18.60 | 19.10 | 10.97 | 0.00 | 0.00 |
Beneish M-Score |
— | (5.74) | (2.04) | (1.42) | (2.95) | (1.45) | (2.42) | (4.14) | (2.44) | (3.50) |
P/Operating CF |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/B ratio |
0.00 | 0.00 | 0.00 | 5.59 | 13.90 | 6.24 | 2.26 | 1.09 | 1.11 | 1.87 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 5.90 | 14.71 | 6.26 | 2.26 | 1.09 | 1.11 | 1.87 |
EV/Sales |
0.00 | 0.00 | 0.00 | 1.76 | 5.20 | 1.83 | 0.64 | 0.08 | 0.03 | 0.14 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 23.30 | 74.53 | 26.80 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
0.00 | 0.00 | 0.00 | 0.00 | 16.54 | 6.71 | 2.23 | 0.25 | 0.28 | 1.63 |
EV/FCF |
0.00 | 0.00 | 0.00 | 0.00 | 24.71 | 15.95 | 13.10 | 1.97 | (0.33) | (2.82) |
Quick Ratio |
0.52 | 0.54 | 1.59 | 1.59 | 1.67 | 1.39 | 1.16 | 1.10 | 0.76 | 0.68 |
Current Ratio |
0.76 | 0.70 | 1.88 | 1.89 | 1.88 | 1.68 | 1.69 | 1.64 | 1.31 | 1.18 |
Net Debt/EBITDA |
(0.32) | (0.13) | 2.40 | (4.06) | (4.94) | (3.22) | (17.40) | 5.77 | 7.17 | (47.84) |
Debt/Assets |
55.66% | 63.50% | 15.18% | 14.39% | 9.75% | 7.37% | 6.31% | 4.57% | 7.65% | 8.13% |
Debt/Equity |
5.50 | (0.98) | 0.32 | 0.27 | 0.18 | 0.14 | 0.12 | 0.09 | 0.21 | 0.27 |
Asset Turnover |
0.80 | 1.76 | 1.73 | 1.53 | 1.50 | 1.75 | 1.22 | 1.10 | 1.35 | 1.58 |
Operating CF/Net income |
0.53 | (0.43) | (0.02) | 0.94 | 2.76 | 1.48 | 2.46 | (0.34) | (0.27) | (8.97) |
Capex/Depreciation |
0.00 | (2.38) | (2.82) | (4.35) | (3.02) | (3.00) | (0.95) | (0.53) | (0.98) | (1.60) |
Interest Coverage |
(135.19) | (45.75) | (41.11) | 13.76 | 23.12 | 40.93 | (15.62) | (222.94) | (44.57) | (14.40) |
| 86.89% | 69.91% | (300.30%) | 27.77% | 19.44% | 20.21% | (3.69%) | (22.26%) | (18.80%) | (4.38%) | |
| (52.58%) | (42.28%) | (40.86%) | 14.02% | 10.34% | 10.64% | (1.91%) | (11.33%) | (7.94%) | (1.44%) | |
ROIC |
0.00% | 0.00% | 0.00% | 436.19% | 0.00% | 110.43% | (14.67%) | (171.35%) | (1,489.99%) | 0.00% |
Return on Tangible Assets |
361.75% | 129.94% | (61.91%) | 24.73% | 18.26% | 19.40% | (4.07%) | (26.84%) | (23.06%) | (5.07%) |
Average Days of Receivables |
34.78 | 4.93 | 13.44 | 20.26 | 15.13 | 26.46 | 34.53 | 13.07 | 14.64 | 3.17 |
Research and Development Expense of Revenue |
9.13% | 5.13% | 6.21% | 3.24% | 4.31% | 3.65% | 5.57% | 5.69% | 3.96% | 3.86% |
Selling, General and Administrative Expense of Revenue |
50.31% | 20.73% | 28.71% | 12.64% | 12.50% | 12.79% | 18.90% | 27.92% | 18.86% | 17.80% |
Intangible Assets out of Total Assets |
0.01 | 0.00 | 0.01 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 8.13% | 17.99% | 0.95% | 1.62% | 1.27% | 1.84% | 1.80% | 0.74% | 0.64% |
Graham Net Nets |
(0.29) | (0.29) | (0.35) | 0.13 | 0.05 | 0.09 | 0.27 | 0.56 | 0.47 | 0.19 |
Graham Number |
0.00 | 0.00 | 0.00 | 3.52 | 3.93 | 5.17 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(1.93%) | (0.23%) | (0.29%) | 4.22% | 1.21% | 2.86% | (1.71%) | (22.59%) | (18.99%) | (2.64%) |
Free Cash Flow Yield |
0.00% | 0.00% | 0.00% | 0.00% | 3.73% | 5.38% | 5.24% | 9.11% | (33.97%) | (12.68%) |
Revenue per Share |
10.26 | 8.84 | 6.53 | 4.00 | 4.97 | 7.57 | 5.92 | 4.76 | 5.69 | 7.71 |
Operating CF per Share |
(3.56) | 0.92 | 0.03 | 0.34 | 0.95 | 0.68 | (0.23) | 0.17 | 0.09 | 0.63 |
Capex per Share |
0.00 | (0.27) | (0.24) | (0.27) | (0.31) | (0.58) | (0.25) | (0.14) | (0.21) | (0.32) |
Free Cash Flow per Share |
(3.56) | 0.65 | (0.20) | 0.07 | 0.64 | 0.10 | (0.48) | 0.03 | (0.12) | 0.31 |
Cash per Share |
3.90 | 3.47 | 3.96 | 1.90 | 2.58 | 2.66 | 2.04 | 1.94 | 1.94 | 2.38 |
Shareholders Equity per Share |
1.09 | (3.74) | 2.52 | 1.53 | 2.02 | 2.58 | 2.45 | 1.96 | 1.61 | 1.62 |
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 |
1.09 | (3.74) | 2.52 | 1.53 | 2.02 | 2.58 | 2.45 | 1.96 | 1.61 | 1.62 |
Free Cash Flow |
(18.52) | 8.59 | (6.62) | 5.41 | 48.13 | 7.50 | (37.29) | 2.08 | (9.24) | 25.09 |
Working Capital |
(11.71) | (25.81) | 76.03 | 88.74 | 111.06 | 120.33 | 118.79 | 97.14 | 70.95 | 51.03 |
Capital Expenditures |
(1.55) | (3.51) | (7.75) | (20.26) | (23.23) | (44.94) | (19.62) | (11.12) | (16.41) | (25.43) |
Net Current Asset Value |
(12.78) | (63.65) | 73.43 | 85.03 | 106.43 | 112.87 | 113.88 | 93.65 | 66.85 | 44.98 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 23.30 | 74.53 | 26.80 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.00 | 0.03 | 0.04 | 0.07 | 0.06 | 0.08 | 0.04 | 0.03 | 0.04 | 0.04 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 28.21 | 80.93 | 31.24 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.38 | 0.34 | 0.46 | 0.21 | 0.25 | 0.24 | 0.36 | 0.46 | 0.38 | 0.26 |
Cash ROIC |
(32.44%) | 19.18% | (2.76%) | 1.89% | 12.84% | 1.74% | (10.05%) | 0.65% | (3.00%) | 7.10% |
Accounts Receivable Turnover |
14.78 | 34.93 | 45.32 | 24.38 | 23.36 | 20.16 | 10.73 | 13.14 | 28.65 | 52.61 |
Accounts Payable Turnover |
3.78 | 7.39 | 6.74 | 6.21 | 5.90 | 6.25 | 4.79 | 3.97 | 3.82 | 4.51 |
Inventory Turnover |
4.29 | 8.53 | 10.93 | 9.85 | 12.18 | 14.16 | 7.05 | 5.06 | 5.30 | 5.44 |
Average Days of Payables |
67.66 | 63.81 | 71.24 | 59.46 | 76.64 | 68.02 | 67.11 | 100.98 | 113.71 | 74.18 |
Days of Inventory on Hand |
78.50 | 45.06 | 40.63 | 41.01 | 27.53 | 34.03 | 60.91 | 68.89 | 84.94 | 68.76 |
Average Receivables |
3.61 | 3.33 | 4.74 | 12.23 | 16.04 | 28.84 | 42.80 | 28.42 | 15.72 | 11.71 |
Average Payables |
14.76 | 14.61 | 27.60 | 36.76 | 48.93 | 72.62 | 75.59 | 73.85 | 100.07 | 109.87 |
Average Inventory |
12.98 | 12.66 | 17.02 | 23.18 | 23.72 | 32.05 | 51.39 | 57.89 | 72.13 | 91.13 |
Average Assets |
66.62 | 66.01 | 124.25 | 194.70 | 250.03 | 333.06 | 375.43 | 338.07 | 333.18 | 389.95 |
Average Common Equity |
(40.31) | (39.92) | 16.90 | 98.33 | 132.97 | 175.34 | 194.19 | 171.99 | 140.81 | 128.49 |
Columns are period end dates · fundamentals updated 26 Oct 2026