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Autohome Inc.
ATHM Details
Autohome Inc. (NYSE: ATHM) is an automotive internet platform that offers interactive content and tools to automobile buyers, manufacturers, and dealers in China. Its operating segments are 1) Media Services, offering targeted-marketing solutions for brand and sales promotion, 2) Leads Generation Services, enabling dealers in creating their online stores, listing pricing and promotional information, placing advertisements, and managing customer relationships, and 3) Online Marketplace & Others, providing facilitation services and other platform-based services for new and used car transactions. As of November 24, 2021, ATHM's market capitalization stood at USD 4.72 billion, with 127.35 million American Depositary Shares (ADS) listed and outstanding (each ADS representing four Class A ordinary shares).
Latest News:
Q3FY21 Results:
Risks:
Valuation Methodology: Price/Earnings Per Share Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
ATHM Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
ATHM's stock price has declined 70.45% in the past nine months and is currently leaning towards the lower end of its 52-week range of USD 33.02 to USD 147.67. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 35.77. We have valued the stock using the Price/Earnings-based relative valuation methodology and arrived at a target price of USD 45.41.
Considering the significant correction in the stock price in the past nine months, current valuation, and associated risks, we recommend a "Speculative Buy" rating on the stock at the closing price of USD 35.91, down 0.80% as of November 24, 2021.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
* Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.