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    NIO (NIO) Could Be 37% Undervalued After ET5 Touring Test Track Sightings

    Simply Wall St·08/20/2026 09:31:15
    語音播報

    Fresh test track images of a camouflaged wagon believed to be an updated ET5 Touring have put NIO (NYSE:NIO) back in focus for investors watching the company’s product roadmap and demand trends.

    See our latest analysis for NIO.

    Those test track sightings come after a mixed stretch for NIO, with the stock’s 1-day share price return of 1.10% and 7-day gain of 0.88% sitting against a 90-day decline of 18.21% and a 5-year total shareholder return down 88.24%, pointing to pressure that has not yet reversed.

    If you are looking beyond NIO for other electric and automation ideas, this could be a good moment to scan the market using the 38 robotics and automation stocks

    After NIO’s sharp long term decline and only modest recent bounce, the stock now sits at a very different starting point for new money. Does that reset the risk reward in favour of buyers, or not yet?

    Most Popular Narrative: 37.3% Undervalued

    Based on the most followed narrative, NIO’s fair value of $7.31 sits well above the last close at $4.58, which frames today’s test track headlines in a very different light.

    Strong delivery growth driven by the launch of new high-demand models (ONVO L90, all-new ES8, FIREFLY) and a multi-brand strategy positions NIO to capture a broader user base and higher market share in premium and mainstream EV segments, supporting robust top-line revenue growth and volume leverage.

    Read the complete narrative. Read the complete narrative.

    Want to see what sits behind that growth push for NIO? The narrative leans on faster revenue expansion, a swing into profitability and a rich future earnings multiple. The mix of those three inputs is what gets to that $7.31 figure.

    The most followed narrative is built on a discount rate of 12.29%, future earnings and margin assumptions, and an implied P/E level that is far above the current US Auto industry context. It ties those inputs back to NIO’s multi brand model rollout, charging and swap infrastructure, and software upgrades to explain why the current share price is below the estimated fair value.

    Result: Fair Value of $7.31 (UNDERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, NIO’s reliance on the Chinese market and the ongoing need for heavy spending on new models and infrastructure could quickly challenge that “undervalued” narrative.

    Find out about the key risks to this NIO narrative.

    Next Steps

    With sentiment on NIO still divided, this is a good time to move quickly, review the data for yourself and form your own view using the 2 key rewards

    Looking for more investment ideas beyond NIO?

    Do not stop with NIO. Fresh opportunities often appear where fewer people are looking, and a quick screen today could surface stocks you will wish you had found earlier.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.