Fangdd Network Group (DUO) AI Stock Analysis

• Market Cap: $6.19M
• Dividend Yield: N/A
• Average Volume (3M): 1.43M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.88
• Revenue Growth: 48.49%
• EPS Growth: -9554.26%
• Country: US
• Employees: 134
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -1.75
• Shares Outstanding: 3,904,565
• 10 Day Avg. Volume: 601,118
• 30 Day Avg. Volume: 1,434,248
• PEG Ratio: -0.18
• Price to Book (P/B): 1.61
• Price to Sales (P/S): 1.84
• P/FCF Ratio: -6.81
• Enterprise Value/Market Cap: -2.95
• Enterprise Value/Revenue: -0.05
• Enterprise Value/Gross Profit: -0.29
• Enterprise Value/Ebitda: 0.14
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $2.50 ▲(61.29% Upside)

The overall stock score is primarily influenced by the company's financial performance, which shows some positive trends but is overshadowed by significant operational inefficiencies and financial challenges. Technical analysis suggests a bearish trend, while valuation concerns due to negative earnings further weigh down the score.

Positive Factors

Revenue Growth

The company's revenue growth indicates a strong market position and effective service offerings, which are crucial for long-term business sustainability.

AI Technology Expansion

Acquiring AI technology assets enhances Fangdd's competitive edge in the real estate tech sector, supporting future growth and innovation.

Low Debt-to-Equity Ratio

A low debt-to-equity ratio suggests prudent financial management, providing flexibility for future investments and growth opportunities.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow can hinder the company's ability to invest in growth and meet financial obligations, impacting long-term viability.

Operational Inefficiencies

Operational inefficiencies reflected in negative margins can limit profitability and require strategic changes to improve long-term financial health.

High Liabilities

High liabilities can strain the company's financial resources, limiting its ability to invest in growth and affecting its financial stability.

Fangdd Network Group Business Overview & Revenue Model

Company Description

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platforms in the People's Republic of China. It operates Property Cloud, a software as a service solution for real estate sellers. The company also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Agency that provides a suite of tools and services to agencies to migrate business management from offline to online; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides supply-chain financial products and support transactions, as well as online and offline, and project-specific training and guidance services. In addition, it operates Fangduoduo that offers personalized services to potential real estate buyers; and provides information matching, real estate agency, financial, and channel services. Further, the company operates www.fangdd.com that offers real estate agents and real estate buyers region-specific real estate news, information, property data, and access to shared-interest online communities; and offers data analysis services. As of December 31, 2021, its marketplace had approximately 378 thousand active agents and covers 157 million properties in China. The company was founded in 2011 and is headquartered in Shenzhen, the People's Republic of China.

How the Company Makes Money

Fangdd generates revenue through multiple streams, primarily by charging real estate agents and developers for access to its platform and services. This includes fees for listing properties, marketing solutions, and premium services that enhance visibility and transaction efficiency. Additionally, the company earns income from data analytics services, where it provides insights and market analysis to real estate professionals. Strategic partnerships with real estate agencies and developers also play a crucial role in driving revenue, as they often collaborate on joint marketing efforts and share resources to improve service offerings. Overall, Fangdd's revenue model is built on leveraging technology to streamline real estate transactions and enhance service delivery.

Fangdd Network Group Financial Statement Overview

Summary

Fangdd Network Group shows potential with its recent net income turnaround and revenue growth. Yet, persistent challenges such as negative EBIT and EBITDA margins, high liabilities, and negative free cash flow indicate that the company needs to address operational inefficiencies and enhance cash generation to ensure long-term financial health.

Income Statement

Fangdd Network Group has shown improvement in revenue, with a notable increase from the previous year, while also turning a net profit in the latest period. Despite this, the company still faces challenges with negative EBIT and EBITDA margins, which highlight ongoing operational inefficiencies. The gross profit margin has seen improvements, indicating better cost management.

Balance Sheet

The company's balance sheet reveals a relatively low debt-to-equity ratio, suggesting cautious use of leverage. However, the total liabilities remain high, and the equity ratio is moderate due to substantial liabilities. The return on equity has improved with the positive net income but remains a concern when considering historical performance.

Cash Flow

Cash flow statements indicate a significant reduction in negative free cash flow compared to previous periods, although it remains negative. The operating cash flow to net income ratio suggests that the company is struggling to convert its profits into cash flow, a crucial aspect for sustaining operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	402.53M	339.10M	284.96M	245.95M	942.38M	2.45B
Gross Profit	62.74M	61.75M	41.19M	24.73M	106.51M	414.47M
EBITDA	-128.35M	-123.98M	-92.56M	-223.62M	-949.60M	-189.94M
Net Income	-24.67M	30.83M	-91.75M	-244.04M	-1.17B	-221.38M
Balance Sheet
Total Assets	679.00M	731.19M	769.90M	1.08B	1.91B	4.05B
Cash, Cash Equivalents and Short-Term Investments	178.38M	188.98M	137.04M	145.93M	498.26M	852.45M
Total Debt	10.34M	1.46M	140.00K	74.53M	134.78M	443.44M
Total Liabilities	297.79M	347.89M	578.40M	981.28M	1.61B	2.58B
Stockholders Equity	380.19M	386.34M	195.84M	100.12M	313.26M	1.44B
Cash Flow
Free Cash Flow	-84.65M	-91.61M	-186.41M	-127.18M	-73.08M	-335.24M
Operating Cash Flow	-54.50M	-60.37M	-186.12M	-126.98M	-60.62M	-325.00M
Investing Cash Flow	-148.75M	-145.98M	31.43M	-159.27M	-43.73M	5.85M
Financing Cash Flow	145.39M	146.63M	119.83M	-58.65M	-307.13M	-46.56M

Fangdd Network Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DUO, the sentiment is Negative. The current price of 1.55 is below the 20-day moving average (MA) of 1.69, below the 50-day MA of 1.80, and below the 200-day MA of 2.69, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 42.41 is Neutral, neither overbought nor oversold. The STOCH value of 39.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DUO.

Fangdd Network Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMAX	68 Neutral	$249.84M	12.48	2.87%	―	-6.06%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
FTHM	51 Neutral	$42.11M	-1.61	-43.75%	―	32.78%	36.50%
DUO	48 Neutral	$6.19M	-1.71	-8.20%	―	48.49%	-9554.26%
OPAD	46 Neutral	$56.03M	-0.78	-104.99%	―	-36.25%	11.92%
OMH	44 Neutral	$21.95M	―	―	―	―	―

Fangdd Network Group Corporate Events

Fangdd Network Group Extinguishes US$34.3 Million Note Through Share Conversion and Issues New Class C Shares

On December 5, 2025, Fangdd Network Group Ltd. received a conversion notice from the holder of a US$34.32 million convertible promissory note that had been issued on October 24, 2025 as consideration for Fangdd’s acquisition of certain assets. The noteholder elected to convert the entire outstanding balance into 32,971,466 Class A ordinary shares at a conversion price of US$1.0409 per share, with the shares allocated to designated affiliates of the investor, after which the note was fully extinguished and cancelled. Following this conversion, and in line with a previously signed share subscription agreement, the company also issued 12,731 Class C ordinary shares at US$1.81 per share to ZX International Ltd., an entity controlled by chairman and CEO Xi Zeng. Fangdd stated that these equity issuances, completed in December 2025, did not result in a change of control; immediately afterward, the company had 38,548,413 ordinary shares outstanding across its three share classes, with the transactions strengthening its equity base while relying on private, offshore placements exempt from U.S. registration requirements.

The most recent analyst rating on (DUO) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Fangdd Network Group stock, see the DUO Stock Forecast page.

Fangdd Network Group Announces $34.32M Convertible Note Issuance for Asset Acquisition

On October 24, 2025, Fangdd Network Group Ltd. announced a convertible note issuance of US$34,320,000 to an investor through private placement, intended to fulfill payment obligations under an asset purchase agreement dated September 29, 2025. The note, maturing in 364 days without interest, can be converted into Class A ordinary shares, and the company has also arranged a share subscription agreement with ZX INTERNATIONAL LTD to maintain corporate structure stability. This strategic financial move aims to bolster Fangdd’s asset acquisition efforts and potentially enhance its market position in the property technology sector.

The most recent analyst rating on (DUO) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Fangdd Network Group stock, see the DUO Stock Forecast page.

FangDD Expands AI Capabilities with $34.32 Million Acquisition

On September 30, 2025, Fangdd Network Group Ltd. announced an agreement to acquire assets related to artificial intelligence technology from a British Virgin Islands company for $34.32 million. This acquisition is part of FangDD’s strategy to expand its technology-enabled real estate management services. The agreement includes potential earnout payments based on revenue increases over the next three years, payable in the company’s Class A ordinary shares. The transaction is expected to be completed within three months, with an option to terminate if not finalized by December 29, 2025.

The most recent analyst rating on (DUO) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Fangdd Network Group stock, see the DUO Stock Forecast page.