Deep Value: cash covers more than 100% of the stock price

This company holds roughly $14.1B in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Li Auto

Auto - Manufacturers · Consumer Cyclical

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Track this stock — start free trial

Winston Score History

The full picture

Li Auto is a Chinese electric vehicle company that designs and sells premium SUVs for families in China. Its cars use a system called "extended-range electric," which pairs a small gasoline engine with a battery to reduce range anxiety — a key concern for Chinese buyers outside major cities. The company sells models like the L6, L7, L8, and L9, targeting middle-class and upper-middle-class families who want large, tech-loaded vehicles.

Li Auto makes money by selling cars directly to customers through its own showrooms and website, keeping dealerships out of the picture. It operates almost entirely within China, one of the world's most competitive EV markets, where it competes against BYD, Huawei-backed brands, and dozens of startups. The company has grown quickly but is currently unprofitable at the operating level, and its main challenge is defending its niche as rivals launch their own family-focused, extended-range vehicles at aggressive price points.

Politician Trades

1 trades / 12mo

0 Congressional buys and 1 sell on LI in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-12.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-450.8% YoY

YoY Growth Rate

Earnings declining

Insider Activity

47.0%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Runway

~3 years

$94.8B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$94.8B cash & investments at current burn rate

Revenue declining

Li Auto's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

7.9%

Thin — 7.9% gross margin

Profit after running costs

Operating Margin

-12.9%

Losing money on operations — -12.9%

Return on the money invested

ROCE

-5.3%

Weak — -5.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-23.7%

Shrinking sales (-23.7% YoY)

Profit growth

EPS YoY

-122.6%

Earnings shrinking (-122.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

1/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-17.9%

Burning cash (-17.9%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.14

Conservative — low debt load (0.14)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial