<div id="readability-page-1"><div><h2>Why EHang’s latest earnings matter for shareholders</h2> <p>EHang Holdings (NasdaqGM:EH) just reported its Q4 and full year 2025 results, highlighted by a move to net income in the quarter after a net loss in the prior year period.</p> <p>Fourth quarter sales were CNY 243.78 million compared with CNY 164.28 million a year earlier, with net income of CNY 10.49 million replacing a CNY 46.86 million net loss, and basic earnings per share reaching CNY 0.14.</p> <p>See our latest analysis for EHang Holdings.</p> <p>The share price has been under pressure, with a year-to-date share price return of a 16.14% decline and a 1-year total shareholder return of a 44.37% decline. However, the 3-year total shareholder return of a 30.36% gain points to a stronger earlier phase and indicates that recent momentum has been fading, even as the latest earnings and recent conference appearances keep the story in focus.</p> <p>If this earnings swing has you thinking about where else growth stories might emerge, it could be a good moment to check out 30 robotics and automation stocks as another way to broaden your research across automation names.</p> <p>With the shares down sharply over the past year but still carrying a value score of 0 and trading at $12.11, the real question is whether the latest earnings shift leaves upside on the table or if markets already price in future growth.</p> <h2>Most Popular Narrative: 45.6% Undervalued</h2> <p>With EHang’s fair value estimate at $22.27 versus the last close of $12.11, the most followed narrative sees a wide gap worth understanding.</p> <blockquote> <p><em>The ongoing expansion of urban air mobility use cases, especially driven by government initiatives in smart cities, emergency response, and low-altitude economic ecosystems, positions EHang's autonomous aerial vehicles as foundational infrastructure, which is likely to sustain robust long-term demand and revenue growth as cities increasingly adopt eVTOL solutions.</em></p> <p><em>The company's deepening partnerships with municipal governments (such as Hefei's RMB 500 million support for the VT35 hub) and involvement in setting regulatory and safety standards enhances regulatory acceptance and ecosystem integration, supporting wider market entry, improved top-line growth, and improved long-term earnings visibility.</em></p> </blockquote> <p>Read the complete narrative.</p> <p>Curious what it takes for that fair value to stack up? Revenue compounding, margin lift and a rich future earnings multiple sit at the core of this story.</p> <p><strong>Result: Fair Value of $22.27 (UNDERVALUED)</strong></p> <p>Have a read of the narrative in full and understand what's behind the forecasts.</p> <p>However, that upside story still runs into real friction if certification timelines slip further or overseas expansion stays heavily concentrated in China for longer than expected.</p> <p>Find out about the key risks to this EHang Holdings narrative.</p> <h2>Another way to look at EHang’s valuation</h2> <p>The fair value narrative points to upside, but the current P/S ratio of 13.9x is a lot richer than both the estimated fair ratio of 7.6x and the US Aerospace &amp; Defense average of 5x, as well as the 13.5x peer average. That gap could signal extra valuation risk if expectations slip. How comfortable are you with paying that kind of premium for the growth story?</p> <p>See what the numbers say about this price — find out in our valuation breakdown.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/efc76f48-cd17-4e55-952c-e3d71ae52f99/chart/ps-multiple-vs-industry/query-ZGF0ZT0yMDI2LTAzLTEz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/efc76f48-cd17-4e55-952c-e3d71ae52f99/chart/ps-multiple-vs-industry/query-ZGF0ZT0yMDI2LTAzLTEz"/><figcaption>NasdaqGM:EH P/S Ratio as at Mar 2026</figcaption></figure><h2>Next Steps</h2> <p>If this mix of optimism and caution resonates with you, it could be worth checking the numbers yourself and weighing the trade offs quickly, then see how our read on the company’s upside lines up with your own view through 1 key reward.</p> <h2>Looking for more investment ideas?</h2> <p>If EHang has sharpened your thinking, do not stop here. Broaden your watchlist now so you are not catching up after the next move.</p> <ul> <li>Target quality at a discount by scanning our 47 high quality undervalued stocks that align solid fundamentals with prices that may not fully reflect them yet.</li> <li>Strengthen your income stream by reviewing the 15 dividend fortresses that combine higher yields with a focus on resilience.</li> <li>Prioritize sturdier balance sheets by using the solid balance sheet and fundamentals stocks screener (41 results) that highlight companies with stronger financial footing.</li> </ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p><div><h3>Valuation is complex, but we're here to simplify it.</h3><p>Discover if EHang Holdings might be undervalued or overvalued with our detailed analysis, featuring <strong>fair value estimates, potential risks, dividends, insider trades, and its financial condition.</strong></p><p>Access Free Analysis</p></div></div></div>

JETS

<p>EHang Holdings (NasdaqGM:EH) reported a Q4 net income of CNY 10.49 million, reversing a loss from the previous year, with sales rising to CNY 243.78 million. Despite a year-to-date share price decline of 16.14%, analysts see the stock as undervalued with a fair value estimate of $22.27 compared to its current price of $12.11. The company is positioned for long-term growth in urban air mobility, supported by government initiatives and partnerships, although risks remain regarding certification timelines and market expansion.</p>

A Look At EHang Holdings (NasdaqGM:EH) Valuation After A Swing To Q4 Net Income