Reviewing Hesai Group (HSAI) & Its Peers

Hesai Group (NASDAQ:HSAI) is one of 377 public companies in the “Electronic Equipment, Instruments & Components” industry, but how does it compare to its competitors? We will compare Hesai Group to similar businesses based on the strength of its profitability, risk, analyst recommendations, earnings, institutional ownership, valuation and dividends.

Earnings & Valuation

This table compares Hesai Group and its competitors top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Hesai Group	$3.34 billion	$62.33 million	35.12
Hesai Group Competitors	$4.16 billion	$172.92 million	4.50

Hesai Group’s competitors have higher revenue and earnings than Hesai Group. Hesai Group is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a summary of current ratings and price targets for Hesai Group and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Hesai Group	0	1	2	1	3.00
Hesai Group Competitors	2055	7629	10461	667	2.47

Hesai Group presently has a consensus target price of $23.50, suggesting a potential upside of 63.19%. As a group, “Electronic Equipment, Instruments & Components” companies have a potential upside of 34.52%. Given Hesai Group’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Hesai Group is more favorable than its competitors.

Insider & Institutional Ownership

48.5% of Hesai Group shares are owned by institutional investors. Comparatively, 43.5% of shares of all “Electronic Equipment, Instruments & Components” companies are owned by institutional investors. 16.1% of shares of all “Electronic Equipment, Instruments & Components” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Profitability

This table compares Hesai Group and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Hesai Group	14.77%	5.52%	4.47%
Hesai Group Competitors	-141.16%	-27.05%	-7.22%

Volatility and Risk

Hesai Group has a beta of 1.47, meaning that its stock price is 47% more volatile than the S&P 500. Comparatively, Hesai Group’s competitors have a beta of -0.30, meaning that their average stock price is 130% less volatile than the S&P 500.

Summary

Hesai Group beats its competitors on 9 of the 13 factors compared.

Hesai Group Company Profile

Hesai Group is a lidar technology company founded in 2014 and headquartered in Shanghai, China. It designs, develops and manufactures lidar sensors and related solutions for automotive and robotics applications. The company’s products support advanced driver-assistance systems and autonomous driving, and are also used in applications such as mobile robotics. Hesai serves automakers and autonomous-driving developers, with customers and business activities in China and international markets. Hesai is led by co-founder and Chief Executive Officer David Li.