9863 (Zhejiang Leapmotor Technology Co Ltd) vs Hang Seng (Hong Kong) Comparison

9863

Hang Seng (Hong Kong)

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9863

Hang Seng (Hong Kong)

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9863

Hang Seng (Hong Kong)

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Hang Seng (Hong Kong)

9863

TSLA

7203

002594

RACE

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Zhejiang Leapmotor Technology Co Ltd
Glance View

Market Cap

40.9B HKD

Industry

Automobiles

In the bustling landscape of China's electric vehicle market, Zhejiang Leapmotor Technology Co Ltd. has emerged as a notable player, carving out its niche by focusing on technological innovation and consumer-centric design. Established in 2015 in Hangzhou, a city known for its vibrant tech ecosystem, Leapmotor combines advanced research with an eye for the evolving preferences of its digitally-savvy clientele. The company ambitiously crafts a lineup of electric vehicles (EVs) that span from compact cars to SUVs, emphasizing smart features and connectivity. This strategic alignment with modern consumer demands enables Leapmotor to not only sell cars but create an integrated experience where the vehicle feels like an extension of one's lifestyle. Leapmotor’s business model hinges on vertical integration, a strategy that involves controlling much of its supply chain to maintain quality and reduce costs. By manufacturing key components, including electric drives and battery packs, Leapmotor ensures that its production aligns seamlessly with its innovation ambitions. Revenue is primarily driven through the sale of these advanced electric vehicles, supplemented by services that cater to the general move towards electrification, such as mobile apps that augment the driving and servicing experience. As the demand for greener, smarter transportation grows, Leapmotor positions itself strategically at the intersection of technology and mobility, poised to make substantial advances in the burgeoning EV market.

View Zhejiang Leapmotor Technology Co Ltd Analysis

Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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US	Tesla Inc NASDAQ:TSLA	Select
JP	Toyota Motor Corp TSE:7203	Select
CN	BYD Co Ltd SZSE:002594	Select
IT	Ferrari NV MIL:RACE	Select
DE	Mercedes Benz Group AG MIL:MBG	Select
DE	Daimler AG XETRA:DAI	Select
DE	Mercedes-Benz Group AG XETRA:MBG	Select
DE	Dr Ing hc F Porsche AG XETRA:P911	Select
US	General Motors Co NYSE:GM	Select
DE	Bayerische Motoren Werke AG XETRA:BMW	Select

US	Tesla Inc NASDAQ:TSLA	Add
JP	Toyota Motor Corp TSE:7203	Add
CN	BYD Co Ltd SZSE:002594	Add
IT	Ferrari NV MIL:RACE	Add
DE	Mercedes Benz Group AG MIL:MBG	Add
DE	Daimler AG XETRA:DAI	Add
DE	Mercedes-Benz Group AG XETRA:MBG	Add
DE	Dr Ing hc F Porsche AG XETRA:P911	Add
US	General Motors Co NYSE:GM	Add
DE	Bayerische Motoren Werke AG XETRA:BMW	Add

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9863

vs

Hang Seng (Hong Kong)

Stocks Performance
9863 vs Hang Seng (Hong Kong)

Performance Gap
9863 vs Hang Seng (Hong Kong)

Performance By Year
9863 vs Hang Seng (Hong Kong)

Competitors Performance
Zhejiang Leapmotor Technology Co Ltd vs Peers

Zhejiang Leapmotor Technology Co Ltd
Glance View

Company

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9863 vs Hang Seng (Hong Kong)

Stocks Performance 9863 vs Hang Seng (Hong Kong)

Performance Gap 9863 vs Hang Seng (Hong Kong)

Performance By Year 9863 vs Hang Seng (Hong Kong)

Competitors Performance Zhejiang Leapmotor Technology Co Ltd vs Peers

Zhejiang Leapmotor Technology Co Ltd Glance View

Company

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Stocks

9863

vs

Hang Seng (Hong Kong)

Stocks Performance
9863 vs Hang Seng (Hong Kong)

Performance Gap
9863 vs Hang Seng (Hong Kong)

Performance By Year
9863 vs Hang Seng (Hong Kong)

Competitors Performance
Zhejiang Leapmotor Technology Co Ltd vs Peers

Zhejiang Leapmotor Technology Co Ltd
Glance View