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Autohome Inc (2518) Fair Value & Analysis

Communication Services · HK · Market cap HK$15.7B

AI Autohome Inc 2518 · HK
PriceHK$43.64
Fair ValueHK$42.25
Upside-3.2%
Quality64/100
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Weak Growth
Solidly profitable · 18.0% net margin
generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 30/100
Evidence: Medium Range HK$31.69 – HK$52.82 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$49.13 to HK$42.25 (−14.0%) since Aug 6, 2026. Share price +8.7% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from HK$31.69 (bear) to HK$52.82 (bull), base HK$42.25. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 64/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

HK$151.78 HK$30.40 Fair Value HK$42.25 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$30.40 – HK$151.78 · fair‑value band HK$31.69 – HK$52.82 · the HK$43.64 price screens above the HK$42.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Autohome Inc (2518) currently trades at HK$43.64, while our model-based Fair Value estimate is HK$42.25, implying the stock looks roughly 3.2% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Autohome Inc generated revenue of HK$6.0B at a net margin of 18.0%. Revenue declined 27.9% year over year. It earns a return on equity of 4.4%. The balance sheet holds a net cash position of HK$2.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$31.69 (bear case) to HK$52.82 (bull case); at HK$43.64, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -8% fair-value upside, at -3%, 2518 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Residual Income HK$39.90 HK$41.56 HK$42.44 76
Growth DCF HK$24.79 HK$36.89 HK$56.04 72
Gordon GGM HK$29.52 HK$61.38 HK$97.38 70
All 26 models by family
DCF Models
FCF DCF HK$24.58 HK$36.87 HK$56.33 38
Owner Earnings HK$44.22 HK$68.75 HK$107.62 31
5Y Revenue Exit HK$21.24 HK$31.07 HK$43.73 39
5Y EBITDA Exit HK$23.66 HK$35.73 HK$50.02 41
5Y P/E Exit HK$41.00 HK$69.06 HK$99.46 38
10Y Revenue Exit HK$21.77 HK$31.16 HK$44.10 36
10Y EBITDA Exit HK$23.81 HK$34.45 HK$49.02 37
10Y P/E Exit HK$34.98 HK$57.94 HK$87.75 35
Earnings-Based
Graham-Dodd HK$20.45 HK$72.32 HK$97.34 54
Lynch FV HK$16.94 HK$24.20 HK$31.47 50
PEG = 1.0 HK$16.94 HK$24.20 HK$31.47 46
EPV HK$17.86 HK$20.02 HK$21.91 59
Dividend Discount
Gordon GGM HK$29.52 HK$61.38 HK$97.38 70
DDM Multi-Stage HK$29.52 HK$51.76 HK$64.42 61
Multiples
P/E Multiple HK$49.61 HK$66.15 HK$82.68 63
P/S Multiple HK$36.76 HK$49.02 HK$61.27 58
P/B Multiple HK$38.34 HK$51.11 HK$63.89 55
EV/EBIT HK$24.92 HK$31.60 HK$38.28 53
EV/EBITDA HK$25.26 HK$32.05 HK$38.84 54
EV/Revenue HK$20.08 HK$26.59 HK$33.11 43
Asset-Based
NCAV (Graham) HK$25.02 HK$33.52 HK$50.04 50
Growth DCF
Growth DCF HK$24.79 HK$36.89 HK$56.04 72
Rev-Margin DCF HK$21.24 HK$31.08 HK$42.81 67
Economic Profit
Residual Income HK$39.90 HK$41.56 HK$42.44 76
ROIC Compounder HK$17.86 HK$20.02 HK$21.91 67
Growth Earnings
Growth-Adj P/E HK$33.70 HK$48.15 HK$62.59 68

Widest divergence: Dividend Discount (HK$51.76) versus Economic Profit (HK$20.02). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$6.0B
Revenue growth (YoY) -27.9%
Net margin 18.0%
Return on equity 4.4%
Free cash flow HK$771M FY2025
P/E ratio 12.7 as of Jul 2, 2026
More key figures
Operating margin -3.3%
EPS (TTM) HK$2.91
EPS growth (YoY) -86.5%
Net cash HK$2.2B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 53

Profitability 40
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Autohome Inc reported revenue of HK$6.5B in FY2025 versus HK$7.2B in FY2021, a compound −2.8%/yr. Reported net income was HK$1.4B in FY2025, compounding −14.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$6.5B
Latest YoY
−8.3%
Avg. growth/yr (3Y) ⓘ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.
−2.4%
Avg. growth/yr (5Y) ⓘ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.
−5.7%
Avg. growth/yr (15Y) ⓘ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.
+24.1%
Revenue −2.8%/yr
FY21 HK$7.2B
FY22 HK$6.9B
FY23 HK$7.2B
FY24 HK$7.0B
FY25 HK$6.5B
Net income −14.2%/yr
FY21 HK$2.6B
FY22 HK$1.9B
FY23 HK$2.0B
FY24 HK$1.8B
FY25 HK$1.4B
Character of growth · EPS growth decomposed (2014-2025) +14.3 % p.a.
Revenue per share +14.5 pp

of which total revenue +6.7 pp · buybacks/dilution +7.8 pp

EBIT margin −7.4 pp
Tax rate +1.2 pp
Residual (interest, one-offs) +6.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Autohome Inc · Fair Value
HK$42.25 −3%Fair Value
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Cite: Fair Value Calculator (2026). "Autohome Inc Fair Value". https://www.fairvalue-calculator.com/stock/2518

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Internet Content & Information · 153 stocks

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.

Quality Score 64 · Above median
Fair Value upside −3% · Above median
Return on equity (TTM) 4% · Above median
Return on assets 1% · Below median
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) -3% · Below median
Revenue growth -28% · Bottom 25%
Dividend yield (TTM) 9.4% · Top 25%

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/E (TTM) 12.7× · Cheaper than median
P/B 0.68× · Cheaper than 75% of peers
P/S (TTM) 2.60× · Pricier than median
P/FCF 2.6× · Cheaper than median
EV/EBITDA 19.7× · Pricier than 75% of peers
PEG 31.93× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 29 · sector 0
FUTURE 0 · sector 33
PAST 17 · sector 12
HEALTH 0 · sector 99
DIVIDEND 100 · sector 39

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Meta Platforms, Inc META $578.85 $534.91 -8%
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Spotify Technology S.A SPOT $489.60 $210.99 -57%
Reddit, Inc RDDT $153.45 $39.59 -74%
Baidu, Inc BIDU $104.84 $66.96 -36%
Kuaishou Technology, an investment holding company, 1024 HK$41.54 HK$84.61 +104%
NAVER Corporation 035420 215,500 KRW 231,585 KRW +7%
Tencent Music Entertainment Group 1698 HK$33.72 HK$66.60 +98%
Kakao Corp 035720 40,100 KRW 24,536 KRW -39%

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Frequently asked questions

Is Autohome Inc (2518) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$42.25 versus a price of HK$43.64, about −3% (fairly valued).
What is the fair value of 2518?
Our model-based fair value for Autohome Inc is HK$42.25 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$43.64.
What is the quality score of 2518?
Autohome Inc has a Quality Score of 64/100. 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 revenue of Autohome Inc (2518)?
Autohome Inc reported trailing-twelve-month revenue of about HK$6.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2518?
The net profit margin of Autohome Inc is about 18.0%, meaning it keeps roughly 18.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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