Autohome Inc. (ATHM) stock analysis
Close on Nov 11, 2026Market cap $2.51BP/E 12.3Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed9 of 30 checks passed
Autohome passes 9 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 1/6
- Past performance
- 3/6
- Financial health
- 5/6
- Dividend
- 0/6
What stands out
Return on capital over 10%
Return on invested capital was 31.5%, above the 10% that usually covers the cost of capital.
No debt
Autohome has no borrowings on its latest balance sheet.
Revenue growing 10%+ a year
Revenue grew 12.8% a year over the last three fiscal years.
Interest well covered
No meaningful interest expense to cover.
What to watch
Return on equity under 15%
Return on equity was 6.1% over the last twelve months and averaged 8.1% over five years; we look for 15% on both.
Earnings shrank over 5 years
Net income shrank 15.1% a year on average over the last five fiscal years.
EPS growing under 10% a year
Diluted EPS grew -6.8% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -14.2% over the last twelve months, against a 5-year average of -15.1% a year.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth1/6
Revenue growing 10%+ a year
Revenue grew 12.8% a year over the last three fiscal years.
EPS growing under 10% a year
Diluted EPS grew -6.8% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -14.2% over the last twelve months, against a 5-year average of -15.1% a year.
Growing slower than the industry
Revenue grew 6.4% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin slipping
Gross margin was 1434% over the last twelve months, against 1816% a year earlier.
Past performance3/6
Return on equity under 15%
Return on equity was 6.1% over the last twelve months and averaged 8.1% over five years; we look for 15% on both.
Return on capital over 10%
Return on invested capital was 31.5%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Autohome's return on equity of 6.1% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -1.2%.
Earnings shrank over 5 years
Net income shrank 15.1% a year on average over the last five fiscal years.
Net margin below its 5-year average
Net margin was 443% over the last twelve months, against a 5-year average of 758%.
Net margin above the industry
Autohome's net margin of 443% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -4.8%.
Financial health5/6
No debt
Autohome has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term assets cover short-term debts
Current assets are 6.00 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
Autohome has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Autohome. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $8.23M
- Value traded per 1% price move
- $7.84M
Downside
Low risk
- Typical loss in a bad month
- 14.4%
- Volatility (annualized)
- 35%
- Sharpe ratio, 1 year
- -0.52
- Beta to the S&P 500 (5Y)
- 0.72
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.4% | +12.8% | -48.1% | -21.1% | |
| Gross profit | -16.0% | -6.5% | -9.5% | +5.3% | |
| Operating income | -23.3% | -14.9% | -24.6% | -4.3% | |
| Net income | -14.2% | -8.0% | -15.1% | +3.8% | |
| EPS, diluted | -12.0% | -6.8% | -15.6% | +3.2% | |
| Free cash flow | -37.4% | -32.0% | -24.1% | -5.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 21.9% | 20.3% | 6.1% | |
| Return on assets | 14.5% | 15.3% | 4.9% | |
| Current ratio | 2.92 | 4.39 | 6.00 | |
| Inventory turnover | 23.1× | – | – | |
| Capex to revenue | 1.5% | 3.0% | 36.3% | |
| Diluted shares | 464M | 480M | 472M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Autohome generated CN¥10.80B from operations and spent CN¥7.88B on capital expenditure, dividends and share buybacks. 9% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 443.2% | 0.01× | 1.25× | 6.1% |
| FY2024 | 549.5% | 0.01× | 1.28× | 7.0% |
| FY2023 | 1440.2% | 0.00× | 1.27× | 8.1% |
| FY2022 | 818.9% | 0.01× | 1.25× | 8.0% |
| FY2021 | 539.2% | 0.02× | 1.30× | 11.2% |
| FY2020 | 37.8% | 0.40× | 1.33× | 20.3% |
| FY2019 | 38.0% | 0.48× | 1.36× | 24.8% |
| FY2018 | 39.7% | 0.52× | 1.47× | 30.1% |
| FY2017 | 32.2% | 0.57× | 1.52× | 28.0% |
| FY2016 | 20.6% | 0.70× | 1.51× | 21.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zeroCN¥1.44B
- Cash generatingOperating cash flow above zeroCN¥889.46M
- Return on assets improvedROA up on the prior year5.5% → 4.8%
- Earnings backed by cashOperating cash flow above net incomeCN¥889.46M vs CN¥1.44B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose5.56 → 6.00
- No dilutionShare count did not rise487M → 472M
- Gross margin improvedGross margin up on the prior year1816.06% → 1433.88%
- More efficientAsset turnover rose0.01 → 0.01
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