Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
LI AUTO INC. (SP.ADR)/2
Physical assets are 25.4% of total assets, a light footprint. Capex is 0.91x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. EBITDA after capex covers debt service by 0.30x, which is below 1.
Fixed-asset turnover is 3.70x. Compare it with other names in the same basket.
Physical asset ratio
25.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.70x
Revenue per dollar of the physical asset base.
Capex / D&A
0.91x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
€34.75
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.30x
Price €10.30.
Fixed-charge coverage
0.30x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-127.3%
Latest free cash flow divided by current market cap (€10.07B).
ROIC
-1.8%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -0.02x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2021 | 14.5% | 3.69x | 5.83x | €20.74 | -38.60x | €4.90B | — | -0.14x |
| 2022 | 23.7% | 3.30x | 4.22x | €22.17 | -12.00x | €2.25B | — | -0.27x |
| 2023 | 19.0% | 6.06x | 3.61x | €29.44 | 0.83x | €44.19B | — | 0.36x |
| 2024 | 22.3% | 5.17x | 2.53x | €34.31 | 10.30x | €8.20B | 45.2% | 0.25x |
| 2025 | 25.4% | 3.70x | 0.91x | €34.75 | 0.30x | -€12.82B | -1.8% | -0.02x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: €30.37B
Inventory: €8.75B
Total assets: €154.30B
Goodwill: €5.48M
Intangibles: €2.70B
Liabilities: €81.16B
Tangible book: €70.43B
Shares: 2,026,568,522
Revenue: €112.31B
Capex: €4.21B
D&A: €4.64B
EBITDA: €6.10B
Interest: €168.08M
Short-term debt: €6.22B
Free cash flow: -€12.82B
Operating income: -€521.12M
Invested capital: €25.44B
Tax rate: 12.2%