Autohome Inc (2518) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Autohome Inc HK$48.57, price HK$41.40, upside +17.3%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range HK$30.40 – HK$151.78 · fair‑value band HK$34.51 – HK$61.71 · the HK$41.40 price screens below the HK$48.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Autohome Inc. operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.
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Autohome Inc. operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps. It also provides media services, including automaker advertising services and regional marketing campaigns; and leads generation services comprising dealer subscription services, advertising services for individual dealers, and used automobile listing and other platform-based services. In addition, the company offers Autohome Mall, an online transaction platform; and online bidding platform for used automobiles, as well as collects commissions for facilitating transactions of auto-financing and insurance products on its platform. The company was formerly known as Sequel Limited and changed its name to Autohome Inc. in October 2011. Autohome Inc. was incorporated in 2004 and is headquartered in Beijing, China.
Stock analysis
Autohome Inc (2518) currently trades at HK$41.40, while our model-based Fair Value estimate is HK$48.57, implying the stock looks roughly 14.8% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of HK$56.82 per share, and 11 of the 26 models we run sit above the HK$41.40 price.
Bear case: the Economic Profit group reads lowest at HK$22.46, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$34.51 (bear) to HK$61.71 (bull), the price of HK$41.40 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Autohome Inc reported revenue of 6.5B CNY in FY2025 versus 7.2B CNY in FY2021, a compound −2.8%/yr. Reported net income was 1.4B CNY in FY2025, compounding −14.2%/yr from FY2021.
Key figures
Market cap HK$18.7B (≈ $2.4B) · P/E ratio 17.6 · P/S ratio 3.78 · EPS (TTM) HK$2.51 · Net margin 21.5% · Return on equity 3.7% · Return on assets (EBIT) 4.0% · Operating margin 10.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 36% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 10% fair-value upside, at 17%, 2518 screens cheaper than that median.
Fair Value models
Bear HK$34.51Fair Value HK$48.57Bull HK$61.71
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.7%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+11.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.11.9% vs 18.5%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.36% → 12%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Internet Content & Information · 142 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+20.1% · Above median
Profitability
Return on equity (TTM)3.7% · Below median
Return on assets0.8% · Below median
Net margin (TTM)17.1% · Above median
Operating margin (TTM)10.9% · Above median
Growth and dividend
Revenue growth−31.9% · Bottom 25%
Dividend yield (TTM)36.4% · Top 25%
Valuation Multiplesvs Internet Content & Information median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Autohome Inc Fair Value". https://www.fairvalue-calculator.com/stock/2518
Frequently asked questions
Is Autohome Inc (2518) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of HK$48.57 versus a price of HK$41.40, about +17% upside (undervalued).
What is the fair value of 2518?
Our model-based fair value for Autohome Inc is HK$48.57 (as of Oct 1, 2026), built from audited fundamentals. The current price: HK$41.40.
What is the quality score of 2518?
Autohome Inc has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Autohome Inc (2518)?
Our model-based price target is the fair value of HK$48.57 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario HK$34.51, optimistic scenario HK$61.71. It is a calculation from audited fundamentals, not an analyst target.
What is the Autohome Inc stock forecast for 2026?
Our models put fair value at HK$48.57, about +17% upside versus a price of HK$41.40 (undervalued). Cautious scenario HK$34.51, optimistic scenario HK$61.71. The calculation is refreshed regularly with new filings.
What is the revenue of Autohome Inc (2518)?
Autohome Inc reported trailing-twelve-month revenue of about 5.5B CNY (latest available figure, as of Oct 1, 2026).
What growth is priced into Autohome Inc (2518)?
For today's price to be fair in a discounted-cash-flow model, Autohome Inc would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.7 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of 2518 use?
Our models discount Autohome Inc at 9.0 %: a base by market capitalisation (mid), damped by beta 0.22, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Autohome Inc that is less than minus 40 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Autohome Inc (2518) delivered so far?
Over the past 5 years revenue at Autohome Inc grew -5.7 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Autohome Inc (2518) growing?
The median revenue growth in the sector is +2.5 % a year. That is the yardstick for the growth priced into Autohome Inc (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Autohome Inc (2518)?
The free-cash-flow yield on the price is 4.83 %: that much free cash flow Autohome Inc produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Autohome Inc (2518)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Autohome Inc it is HK$48.57 per share (as of Oct 1, 2026), against a price of HK$41.40. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Autohome Inc stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 2518 trades below its calculated fair value: price HK$41.40, fair value HK$48.57, a gap of about +17% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2518?
No. The price is what the market pays today (HK$41.40); the fair value is what the company's own numbers justify (HK$48.57). For Autohome Inc the two are HK$7.17 per share apart. That gap is exactly why we show both numbers side by side.
How much is Autohome Inc worth?
The market values Autohome Inc at about HK$18.7B (market capitalisation, as of Oct 1, 2026). Per share that is HK$41.40; our models calculate a fair value of HK$48.57 per share.
What do the bullish and bearish scenarios say about 2518?
Our models span a range for Autohome Inc: cautious scenario HK$34.51, base HK$48.57, optimistic HK$61.71 per share (as of Oct 1, 2026, price HK$41.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2518?
Autohome Inc trades at a price-to-earnings ratio of 17.6 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$48.57 is built from several models across several years. Other multiples: PEG 9.7, P/B 0.7, P/S 2.9, EV/EBITDA 26.7.
What is the PEG ratio of 2518?
The PEG ratio of Autohome Inc is 9.75 (P/E divided by earnings growth, as of Oct 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Autohome Inc (2518)?
Balance-sheet figures for Autohome Inc (as of Oct 1, 2026): return on equity 3.7%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 2518 from its 52-week high?
Autohome Inc trades at HK$41.40, about 18% below its 52-week high of HK$50.70 and 36% above the low of HK$30.40 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$48.57 is for.
Which stocks are comparable to Autohome Inc?
From the same area (Communication Services) we also value Alphabet Inc, Meta Platforms, Inc, Tencent Holdings, Spotify Technology S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Autohome Inc stock attractive at the current price?
The data as of Oct 1, 2026: price HK$41.40, calculated fair value HK$48.57 (+17%), Quality Score 49/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2518 calculated?
We run Autohome Inc through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$48.57, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Autohome Inc currently trades 15 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Autohome Inc (2518)?
The closing price on Sep 30, 2026 was HK$41.40. Our model-based fair value is HK$48.57, about +17% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Autohome Inc right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Autohome Inc (2518) come from?
Earnings per share at Autohome Inc grew +23.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +23.7 %, EBIT margin −7.4 %, tax rate +1.2 %, residual (interest, one-offs) +6.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Autohome Inc
How large is the market capitalisation of Autohome Inc (2518)?
The market capitalisation of Autohome Inc is HK$18.7B (≈ $2.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Autohome Inc (2518)?
The price-to-sales ratio of Autohome Inc is 3.78 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Autohome Inc (2518)?
Earnings per share at Autohome Inc are HK$2.51 (price ÷ EPS = P/E 17.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Autohome Inc (2518)?
The net margin of Autohome Inc is 21.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Autohome Inc (2518)?
The return on equity (ROE) of Autohome Inc is 3.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Autohome Inc (2518)?
On an EBIT basis the return on assets of Autohome Inc is 4.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Autohome Inc (2518)?
The operating margin of Autohome Inc is 10.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Autohome Inc (2518)?
Revenue at Autohome Inc is growing −31.9% versus a year earlier (3y avg −2.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Autohome Inc (2518)?
Earnings per share at Autohome Inc are growing −35.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Autohome Inc (2518) hold?
Autohome Inc holds more cash than debt, 2.2B CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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