EHang Holdings Limited EH

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
28/100
Developing

Ranked against 79 peers in Aerospace & Defense

About EHang Holdings Limited

EHang Holdings Limited operates as an urban air mobility (UAM) technology platform company in the People's Republic of China, East Asia, West Asia, North America, South America, West Africa, and Europe. It designs, develops, manufactures, sells, and operates UAVs, as well as supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial … Full EH analysis →

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 0.93), with margins expanding over time.

Key risks

  • ROIC Below WACC or Peers ROIC at 19.4th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.14), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
23
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where EH ranks in Aerospace & Defense

EHang Holdings Limited ranks #59 of 80 scored companies in Aerospace & Defense by moat score — the top 74%. The widest moat in the group is Howmet Aerospace Inc. (HWM) at 80/100.

# Company Moat score Rating
55 Satellogic Inc. SATL 34/100 Developing
56 CPI Aerostructures, Inc. CVU 33/100 Developing
57 CF Acquisition Corp. V SATLW 33/100 Developing
58 Sky Harbour Group Corporation SKYH 32/100 Developing
59 EHang Holdings Limited EH 28/100 Developing
60 Draganfly Inc. DPRO 26/100 Developing
61 Hyperscale Data, Inc. GPUS 25/100 Weak
62 New Horizon Aircraft Ltd. HOVRW 24/100 Weak
63 Eve Holding, Inc. EVEX 23/100 Weak

See every General Corporate company ranked by moat score →

How EH scores on the Corporate Default defenses

Pricing Power

Score 23 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 24 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 18 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 16 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 24 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 71 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding EH's moat

What is EHang Holdings Limited's moat score?

EHang Holdings Limited (EH) scores 28 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #59 of 80 scored companies in Aerospace & Defense, the top 74%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 79 companies in Aerospace & Defense. Its strongest defense is Scale & Market Position (71/100) and its weakest is Capital Efficiency (16/100).

How does EHang Holdings Limited compare with other Aerospace & Defense companies?

EHang Holdings Limited ranks #59 of 80 scored companies in Aerospace & Defense by moat score. The widest moat in Aerospace & Defense is Howmet Aerospace Inc. (HWM) at 80/100. The companies ranked closest are Sky Harbour Group Corporation (SKYH) at 32 just above it and Draganfly Inc. (DPRO) at 26 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 79 companies in Aerospace & Defense. The defenses are then weighted to produce the overall score out of 100.

Why is EHang Holdings Limited scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for EHang Holdings Limited?

The Corporate Default template measures 6 defenses, and EH scores: Pricing Power (23), Cost Advantage (24), Customer Stickiness (18), Capital Efficiency (16), Resilience (24), Scale & Market Position (71). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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