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Smart Share Global ADR (EM)
NASDAQ:EM
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Smart Share Global ADR
(NASDAQ:EM)
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Rating:51Neutral
Price Target:
$1.50
▲(11.11% Upside)
The overall stock score is primarily influenced by financial performance challenges, including declining revenues and cash flow issues. Technical analysis shows bullish momentum, but overbought conditions pose a risk. Valuation is unattractive due to negative profitability and lack of dividends.
Smart Share Global ADR (EM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$344.82M
Dividend YieldN/A
Average Volume (3M)1.36M
Price to Earnings (P/E)129.3
Beta (1Y)0.14
Revenue Growth-37.29%
EPS Growth-116.91%
CountryUS
Employees3,656
SectorConsumer Cyclical
Sector Strength84
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding216,611,600
10 Day Avg. Volume173,072
30 Day Avg. Volume1,357,767
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$1.50Price Target Upside11.11% Upside
Rating ConsensusHold
Number of Analyst Covering0
Smart Share Global ADR Business Overview & Revenue Model
Company DescriptionSmart Share Global Limited, a consumer tech company, provides mobile device charging services in the People's Republic of China. The company provides mobile device charging services through online and offline networks; and rents and sells power banks. It offers services through its power banks placed in points of interests (POIs) operated by its location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. As of December 31, 2021, the company had 5.7 million power banks in 845,000 POIs in 1,700 counties and county-level districts. Smart Share Global Limited was incorporated in 2017 and is headquartered in Shanghai, the People's Republic of China.
How the Company Makes MoneySmart Share Global ADR generates revenue primarily through a rental model for its mobile device charging services. Users can rent portable chargers from the company's stations, paying fees based on the duration of the rental. Additionally, the company may partner with businesses and venues to provide charging solutions, sharing a portion of the rental income with these partners. Other potential revenue streams include advertising opportunities on the charging stations, as well as premium memberships or subscription services offering additional benefits to frequent users.
Smart Share Global ADR Earnings Call Summary
Earnings Call Date:Aug 25, 2025
(Q2-2024)
| % Change Since: |
Next Earnings Date:May 20, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted several achievements, such as a return to GAAP profitability, expansion in lower-tier cities, and growth in registered users and network partners. However, these were offset by significant revenue decline, challenges in the core business, and uncertain market conditions. The sentiment is mixed due to balanced highlights and lowlights.Q2-2024 Updates
Positive Updates
Return to GAAP Profitability
Energy Monster returned to GAAP profitability with a net income of RMB 9 million in Q2 2024, marking a significant milestone in their financial performance.
Expansion in Lower-Tier Cities
POI count in third and lower-tier cities increased by more than 20% year-over-year, driving network expansion and diversification.
Record High POI Coverage
The company reached a record high of 1.27 million POIs, enhancing service availability across a wider geographic region.
Growth in Registered Users
Energy Monster's user base grew to over 417.1 million cumulative registered users, an increase of 12.8 million users in the second quarter.
Substantial Increase in Network Partners
The number of network partners increased to over 12,000, a growth of more than 1,000 since the end of Q1 2024 and around 3,700 year-over-year.
Significant Growth in Other Revenue
Other revenues grew by over 400% year-over-year, driven by new business initiatives in renewable energy.
Negative Updates
Revenue Decline
Revenues decreased by 55.3% year-over-year to RMB 422.9 million, mainly due to decreased POIs under the direct model and softness in consumer power.
Challenges in Core Business
The mobile device charging revenue from the direct model decreased by 60.7% year-over-year, reflecting challenges in consumer confidence and extreme weather conditions.
Operating Loss
The company reported a loss from operations of RMB 6.0 million for Q2 2024.
Uncertain Market Conditions
The market in the second quarter was challenging with no definitive trend of rebound, impacting visibility for the second half of 2024.
Company Guidance
During Energy Monster's Q2 2024 earnings call, the company highlighted several key performance metrics and strategic initiatives. Energy Monster returned to GAAP profitability with a net income of RMB 9 million and maintained non-GAAP profitability for the sixth consecutive quarter. The company reported a decrease in GMV due to a softer consumption environment, although month-on-month fluctuations were observed. The POI count in third and lower-tier cities increased by over 20% year-over-year, contributing to a record-high coverage of 1.27 million POIs. The user base grew to 417.1 million, with an addition of 12.8 million users. Financially, revenues were RMB 422.9 million, a 55.3% year-over-year decrease, primarily due to the transition to the network partner model, which now accounts for 89.2% of POIs. Other revenues surged by 453.7% year-over-year, driven by new business initiatives. Operationally, the network partner count rose by 41% year-over-year, enhancing distribution capabilities and market penetration. The company is focused on expanding its network partner model, optimizing POI performance, and exploring international markets to drive future growth.Smart Share Global ADR Financial Statement Overview
Summary
The company faces significant financial challenges, with declining revenues and profitability, coupled with deteriorating cash flows. While the balance sheet remains stable, the income and cash flow issues highlight potential risks.Income Statement
The company has experienced significant volatility in revenue and profitability. Revenue has declined from $2.96 billion in 2023 to $1.89 billion in 2024, indicating a negative growth trend. The gross profit margin decreased as well, from 59.1% in 2023 to 42.4% in 2024. Net income turned negative in 2024, with a net loss of $13.53 million, highlighting potential profitability challenges. These factors contribute to a lower income statement score.45
Neutral
Balance Sheet
The balance sheet shows strong equity with a debt-to-equity ratio of 0.0025 in 2024, indicating low leverage. The equity ratio is robust at 64.4%, suggesting a well-capitalized position. However, a decline in stockholders' equity from $2.75 billion in 2023 to $2.66 billion in 2024 marks a slight deterioration. Overall, the balance sheet remains relatively stable, contributing to a moderate score.60
Neutral
Cash Flow
Free cash flow turned negative in 2024 at -$215.08 million from a positive $234.49 million in 2023, indicating cash flow constraints. Operating cash flow also decreased significantly, moving from $416.50 million in 2023 to -$205.67 million in 2024. This negative trend in cash flows highlights liquidity challenges, leading to a lower cash flow score.35
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.07B | 1.89B | 2.96B | 2.84B | 3.59B | 2.81B |
| Gross Profit | 1.92B | 803.63M | 1.75B | 2.28B | 3.03B | 2.38B |
| EBITDA | 63.46M | 196.08M | 388.29M | -116.42M | 310.34M | 478.00M |
| Net Income | -218.40M | -13.53M | 87.74M | -711.24M | 234.43M | 75.43M |
Balance Sheet | ||||||
| Total Assets | 4.41B | 4.13B | 4.43B | 4.29B | 4.40B | 2.79B |
| Cash, Cash Equivalents and Short-Term Investments | 3.21B | 2.92B | 3.13B | 3.04B | 2.72B | 1.42B |
| Total Debt | 16.46M | 6.58M | 15.04M | 10.62M | 551.75M | 24.50M |
| Total Liabilities | 1.64B | 1.47B | 1.67B | 1.65B | 1.17B | 1.09B |
| Stockholders Equity | 2.77B | 2.66B | 2.75B | 2.64B | 3.23B | 1.70B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -215.08M | 234.49M | 265.26M | -245.61M | 119.20M |
| Operating Cash Flow | 0.00 | -205.67M | 416.50M | 708.14M | 226.78M | 536.12M |
| Investing Cash Flow | 0.00 | 419.58M | -598.53M | -1.02B | -1.71B | -261.49M |
| Financing Cash Flow | 0.00 | -99.20M | -27.96M | -78.45M | 1.56B | 654.57M |
Smart Share Global ADR Technical Analysis
Positive
1.35
Price Trends
1.25
Positive
1.18
Positive
1.10
Positive
Market Momentum
0.03
Positive
57.54
Neutral
55.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EM, the sentiment is Positive. The current price of 1.35 is above the 20-day moving average (MA) of 1.34, above the 50-day MA of 1.25, and above the 200-day MA of 1.10, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 57.54 is Neutral, neither overbought nor oversold. The STOCH value of 55.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EM.
Smart Share Global ADR Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | 12.33M | 8.87 | 15.94% | ― | 12.93% | 66.81% | |
51 Neutral | $344.82M | 129.27 | -0.55% | ― | -37.29% | -116.91% | |
50 Neutral | 152.01M | 41.96 | 1.68% | ― | -37.62% | -87.69% | |
40 Neutral | 21.70M | ― | ― | ― | -11.14% | 98.81% | |
40 Neutral | 6.04M | -0.27 | 2138.71% | ― | -6.93% | 22.70% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
Performance Comparison
EM
Smart Share Global ADR
1.35
0.80
145.45%
MED
Medifast
13.83
-4.57
-24.84%
XWEL
XWELL
1.05
-0.60
-36.36%
MRM
MEDIROM Healthcare Technologies
1.56
-1.87
-54.52%
EJH
E-Home Household Service Holdings
1.08
-50.92
-97.92%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.