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Xpeng Inc

Recommendation: Speculative Buy

Entry Date Symbol Recommendation Entry Price (USD) Target 1 (USD) Target 2 (USD) Holding Duration Potential Upside
22 Oct, 24 XPEV Speculative Buy USD 10.98 USD 11.97 USD 12.85 6 days 17.0%

Fundamentals

  • Previous Close 12.64
  • Market Cap12849.23M
  • Volume596708
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-10089.42285M
  • Revenue TTM22765.99M
  • Revenue Per Share TTM26.41
  • Gross Profit TTM 3119.24M
  • Diluted EPS TTM-1.62

Data Powered by EOD Historical Data (“EODHD”).

Company Overview

XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles (EV) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services. In addition, it offers advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems, including powertrain and the electrical and electronic architecture. XPeng Inc. has a strategic partnership with DiDi Global Inc. to enhance the adoption of smart EVs and technologies. The company was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.

Key Positives

Lower Credit Risk Exposure: Debt-Equity of 0,35x in Q1 FY24 vs Industry Median of 0.37x

Higher Liquidity: Current Ratio of 1.50x in Q1 FY24 vs Industry Median of 1.43x

Key Negatives

Operating Inefficiency: Asset Turnover of 0.08x in Q1 FY24 vs Industry Median of 0.16x

Lower Profitability: Gross Margin of 12.9% in Q1 FY24 vs Industry Median of 17.3%

Key Investment Risks

Innovation Pressure, Brand Reputation, Intensified Competition, Technological Integration, Export Challenges, Consumer Trends, etc.

Recommendation Summary

Technical Summary

Entry Price Support* Target 1 Target 2
10.98 9.55 11.97 12.85

Data Source: REFINITIV, Analysis: StockNextt

*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.

Key Reasons for Speculative Buy

XPEV's stock price is currently near a crucial trendline resistance that has previously served as a significant supply zone. Unless the price manages to regain its key moving averages and reach new highs, the stock is likely to remain in a consolidation phase. Additionally, the 14-day Relative Strength Index (RSI) is situated near its midpoint, indicating a lack of bullish momentum. On a positive note, AUTL is trading above both its 50-day simple moving averages, providing immediate support. However, if the stock falls below these levels, it may trigger increased selling pressure.

 

As per the above-mentioned technical indicators analysis, a ‘Speculative Buy’ rating has been given to XPeng Inc. (NYSE: XPEV) at the current market price of USD 10.98 as of 22 October 2024 at 08:45 AM PDT.

 

 

Key Financials in Pictures

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Data Powered by EOD Historical Data (“EODHD”).

Peer Comparison

Sector: Consumer Cyclical Industry: Auto Manufacturers

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
XPEV
Xpeng Inc
-0.075 0.59% 12.56 - - 0.61 3.25 0.58 -1.2654
TSLA
Tesla Inc
2.22 0.53% 423.28 45.91 67.57 5.67 8.35 12.42 58.23
TOYOF
Toyota Motor Corp
0.62 3.57% 18.00 8.97 9.44 0.0059 1.11 0.0097 0.05
TM
Toyota Motor Corporation ADR
0.95 0.53% 179.12 8.97 9.29 0.006 1.10 0.0097 0.05
BYDDY
BYD Co Ltd ADR
0.06 0.09% 69.16 22.64 15.60 0.17 4.62 1.08 16.52

Data Powered by EOD Historical Data (“EODHD”).

Disclosures:

Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is October 22, 2024 at 08:55 AM PDT. The reference data in this report has been partly sourced from REFINITIV.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

Disclaimer :
This report has been issued by StockNextt which has an Ontario Business Identification Number 1000958347 and British Columbia registration Number FM1051529 is a trade name under Kalkine Canada Advisory Services Inc. having Business Number 761925130BC0001. Kalkine Canada Advisory Services Inc. and StockNextt are collectively referred to as “StockNextt”, “we”, “us”, and “our”. The website https://stocknextt.com and associated pages are published by StockNextt. The information in this report and on the StockNextt website has been prepared from a wide variety of sources, which StockNextt, to the best of its knowledge and belief, considers accurate. StcokNextt has made every effort to ensure the reliability of information contained in its reports, newsletters, and websites. All information represents our views at the date of publication and may change without notice. The information in this report does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products. Our reports contain general recommendations for investing in securities and other financial products. StockNextt does not offer financial advice based upon your personal financial situation or goals, and we shall not be held liable for any investment or trading losses you may incur by using the opinions expressed in our reports, publications, market updates, news alerts and corporate profiles. StockNextt does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. StockNextt’s general advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested. Please also read our Terms and conditions for further information. Employees and/or associates of StockNextt and its related entities may hold an interest in the securities or other financial products covered in this report or on the StockNextt website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

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