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Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold around 222,000 EVs in 2024, accounting for about 2% of the China passenger new energy vehicle market.
2014
45.7K+
LTM Revenue $10.1B
LTM EBITDA -$2.2B
$9.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
NIO has a last 12-month revenue of $10.1B and a last 12-month EBITDA of -$2.2B.
In the most recent fiscal year, NIO achieved revenue of $8.5B and an EBITDA of -$1.8B.
NIO expects next 12-month revenue of XXX and NTM EBITDA of XXX
See NIO valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $7.2B | $8.5B | XXX | XXX | XXX |
| Gross Profit | $662M | $392M | XXX | XXX | XXX |
| Gross Margin | 9% | 5% | XXX | XXX | XXX |
| EBITDA | -$1.9B | -$1.8B | XXX | XXX | XXX |
| EBITDA Margin | -27% | -21% | XXX | XXX | XXX |
| Net Profit | -$1.9B | -$2.7B | XXX | XXX | XXX |
| Net Margin | -26% | -32% | XXX | XXX | XXX |
| Net Debt | n/a | $718M | XXX | XXX | XXX |
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As of April 15, 2025, NIO's stock price is HKD 28 (or $4).
NIO has current market cap of HKD 62.6B (or $8.0B), and EV of HKD 75.0B (or $9.6B).
See NIO trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9.6B | $8.0B | XXX | XXX | XXX | XXX | $-1.30 |
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Sign UpAs of April 15, 2025, NIO has market cap of $8.0B and EV of $9.6B.
NIO's trades at 1.0x LTM EV/Revenue multiple, and -4.5x LTM EBITDA.
Analysts estimate NIO's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for NIO and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $9.6B | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | -5.4x | XXX | XXX | XXX |
| P/E | -2.8x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -4.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpNIO's NTM/LTM revenue growth is 38%
NIO's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, NIO's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate NIO's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for NIO and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -21% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -8% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 17% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 5% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 17% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 20% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 43% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Ebusco Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Traton | XXX | XXX | XXX | XXX | XXX | XXX |
| Ashok Leyland | XXX | XXX | XXX | XXX | XXX | XXX |
| TVS Motor | XXX | XXX | XXX | XXX | XXX | XXX |
| Bajaj Auto | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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NIO acquired XXX companies to date.
Last acquisition by NIO was XXXXXXXX, XXXXX XXXXX XXXXXX . NIO acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was NIO founded? | NIO was founded in 2014. |
| Where is NIO headquartered? | NIO is headquartered in Hong Kong. |
| How many employees does NIO have? | As of today, NIO has 45.7K+ employees. |
| Who is the CEO of NIO? | NIO's CEO is Mr. Bin Li. |
| Is NIO publicy listed? | Yes, NIO is a public company listed on HKG. |
| What is the stock symbol of NIO? | NIO trades under 09866 ticker. |
| When did NIO go public? | NIO went public in 2022. |
| Who are competitors of NIO? | Similar companies to NIO include e.g. Ebusco Holding, Traton, Ashok Leyland, TVS Motor. |
| What is the current market cap of NIO? | NIO's current market cap is $8.0B |
| What is the current revenue of NIO? | NIO's last 12-month revenue is $10.1B. |
| What is the current EBITDA of NIO? | NIO's last 12-month EBITDA is -$2.2B. |
| What is the current EV/Revenue multiple of NIO? | Current revenue multiple of NIO is 1.0x. |
| What is the current EV/EBITDA multiple of NIO? | Current EBITDA multiple of NIO is -4.5x. |
| What is the current revenue growth of NIO? | NIO revenue growth between 2023 and 2024 was 18%. |
| Is NIO profitable? | Yes, NIO is EBITDA-positive (as of the last 12 months). |
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