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Hesai Group American Depositary Share represents ownership in Hesai Group, a global leader in three-dimensional light detection and ranging (LiDAR) solutions. The company develops, manufactures, and sells advanced LiDAR products that enable precise environmental sensing for a wide array of applications. These include passenger and commercial vehicles equipped with advanced driver assistance systems (ADAS), autonomous vehicle fleets for passenger and freight mobility, and robotics such as last-mile delivery robots, street sweeping robots, logistics robots, and automated guided vehicles (AGVs) in restricted areas. Hesai Group also provides gas detection products, validation services, and customized solution services alongside its core engineering designs. Operating through subsidiaries, it serves markets in Mainland China, Europe, North America, and internationally, with offices in Shanghai, Palo Alto, and Stuttgart. Founded in 2014 and headquartered in Shanghai, China, Hesai Group integrates in-house R&D across optics, mechanics, electronics, and software with manufacturing to deliver high-performance, reliable LiDAR solutions to leading automotive OEMs, autonomous mobility providers, and robotics firms worldwide.
$15.00
$0.65 (-4.15%)
EOD Jul 17, 2026
Operating margin is thin at 4.08%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 45.8% YoY with margins expanding 13.9pp.
At 32x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Negative free cash flow of -¥225M. The business is consuming cash, not generating it.
32.2x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥3.18B
▲ +45.8% YoY
Net Income (TTM)
¥472M
▲ +525.8% YoY
Op. Margin
4.66%
▲ +13.9pp YoY
ROIC
1.58%
▲ +5.1pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-¥225M
▼ -8.3% YoY
Op. Cash Flow (FY)
¥73M
▲ +228.5% YoY
Net Debt
-¥3.76B
Net Cash Position
Cash & Equiv.
¥4.76B
3Y CAGR: +36.0%
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At a P/E of 32.2, A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Hesai Group American scores 44/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Hesai Group American scores 44 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 4.7% operating margin and a 1.6% 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.
Yes, Hesai Group American pays a regular dividend of about CNY 1.79 per share per year (typically in quarterly installments), a yield of roughly 1.8% at the current price. That is a payout ratio of about 62.1% of earnings, so the dividend is well covered. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For HSAI's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh HSAI's valuation and scores 44/100 on quality (mixed). It also yields about 1.8%. 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.