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Ecarx Holdings Inc. is a global automotive technology provider specializing in next-generation smart vehicle solutions. The company develops and sells system-on-chip core modules, automotive computing platforms, and comprehensive software stacks, while providing research and development services primarily for the automotive sector. Ecarx's product portfolio includes digital cockpit systems, infotainment head units, vehicle chipset solutions, core operating systems, and integrated software stacks designed to enhance in-vehicle user experiences while reducing complexity for automakers. The company generates revenue through sales of computing platform products, software licensing, and design and development services. Ecarx has established strategic partnerships with major global automakers, including Volkswagen Group and Lotus Technology, and has deployed its technologies across multiple vehicle models worldwide. Headquartered in London and founded in 2017, Ecarx maintains operations across 13 major locations globally and serves as a key technology provider for intelligent, connected, and software-defined vehicles in both Chinese and European markets.
$1.07
$0.03 (-2.73%)
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The business is unprofitable at the operating level (-5.89% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 668.9% YoY with margins expanding 9.6pp.
ROIC dropped from -1.46% to -15.87%, capital efficiency is deteriorating. Negative free cash flow of -$107M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$811M
▲ +668.9% YoY
Net Income (TTM)
-$53M
▼ -251.2% YoY
Op. Margin
-4.33%
▲ +9.6pp YoY
ROIC
-15.87%
▼ -14.4pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$107M
▼ -886.2% YoY
Op. Cash Flow (FY)
-$88M
▼ -925.9% YoY
Net Debt
$337M
Cash & Equiv.
$118M
3Y CAGR: -38.0%
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Ecarx Holdings (ECX)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Ecarx Holdings scores 15/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Ecarx Holdings scores 15 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -4.3% operating margin and a -15.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh ECX's valuation and scores 15/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.