Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally.
Screened 2026-09-15 · the tape above runs as of 15:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
Hesai Group holds its Markdown at $16.49. Elevated stress, defensive posture warranted, held for 108 days.
As held on the ledger · 2026-09-15
Phase
Markdown · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 108 days
Price at the screen
$16.49
Valuation
32.98 trailing · 17.89 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.37
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
8.88%
Below 33%
Interest-bearing debt is just 8.9% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
24.70%
Below 33%
Cash held in interest-bearing accounts and securities is 24.7% of assets, under the one-third limit.
Pass
Receivables
25.98%
Below 49%
Money owed to the company is 26.0% of assets, under the 49% limit.
Pass
Revenue purity
4.30%
Below 5%
Only 4.3% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-15 screen. The gold marker is the market price at the same screen. A 48.8% margin of safety to the base estimate.
Third-party analyst targets: 19 covering, consensus Strong Buy. The average target sits +75% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-15 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
LiDAR eyes for cars hit China limits
Picture a robotaxi fleet rolling out in Shanghai. Every vehicle needs precise 3D vision, and Hesai supplies those LiDAR units. The business is scaling fast with 30 percent revenue growth and a 15 percent profit margin, yet the opportunity rating sits at none.
We pass despite the 66 percent gap to our fair value of 24.89 dollars and a strong buy consensus from twenty analysts. Forward earnings sit at 16.7 times while return on equity is only 7 percent. That combination signals limited durability even though the ethical screen clears.
China exposure in a cyclical auto parts market adds real fragility. An unknown moat leaves room for bigger rivals to take share when spending slows. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day; its business and earnings are exposed to China and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
HSAI trades on Nasdaq (the company is based in China). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from distribution to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 13.9% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 9%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (21 analysts) rates it strong buy, with a mean price target of $30.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 17.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 9%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (21 analysts) rates it strong buy, with a mean price target of $30.
2026-07-18Markdown$18.15+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. Over the past year the shares are down 9%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (21 analysts) rates it strong buy, with a mean price target of $30.
2026-07-03Markdown$18.15+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markdown$18.15Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
