BingEx Ltd. ADR (FLX) AI Stock Analysis

• Market Cap: $229.75M
• Dividend Yield: N/A
• Average Volume (3M): 59.50K
• Price to Earnings (P/E): 124.7
• Beta (1Y): 2.49
• Revenue Growth: -10.97%
• EPS Growth: -696.45%
• Country: US
• Employees: 1,046
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 0.04
• Shares Outstanding: 55,937,317
• 10 Day Avg. Volume: 58,546
• 30 Day Avg. Volume: 59,499
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.48
• Enterprise Value/Revenue: 0.02
• Enterprise Value/Gross Profit: 0.23
• Enterprise Value/Ebitda: 1.40
• 1Y Price Target: $3.00
• Price Target Upside: -6.25% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: $3.00 ▼(-6.25% Downside)

The overall stock score of 47 reflects significant financial challenges, including inconsistent revenue growth and high leverage. Technical analysis shows mixed signals with a slight short-term upward trend but bearish momentum. Valuation is weak due to negative profitability and lack of dividends. These factors collectively indicate a high-risk investment with potential for volatility.

BingEx Ltd. ADR Business Overview & Revenue Model

Company Description

BingEx Limited, through its subsidiaries, engages in the provision of on-demand dedicated courier services under the FlashEx brand name in the People's Republic of China. The company offers Flash-Riders as service who provides the courier services. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website. The company was founded in 2013 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

BingEx Ltd. generates revenue primarily through transaction fees collected from trades executed on its digital asset exchange platform. Each trade incurs a fee, which is a percentage of the transaction amount, contributing significantly to the company's earnings. Additionally, BingEx may earn revenue through premium services offered to institutional clients, such as advanced trading tools and analytics. The company also engages in partnerships with other financial institutions and technology providers to enhance its service offerings, allowing for collaborative revenue opportunities through joint ventures and co-branded products. Furthermore, the growing interest in blockchain technology provides BingEx with opportunities for consulting revenue as businesses seek expertise in integrating blockchain solutions into their operations.

BingEx Ltd. ADR Financial Statement Overview

Summary

BingEx Ltd. ADR faces significant financial challenges, with inconsistent revenue growth and persistent profitability issues. The balance sheet shows high leverage and negative equity, which could pose risks to financial stability. While there have been improvements in cash flow, the overall financial health of the company remains concerning, requiring strategic measures to enhance profitability and stabilize the balance sheet.

Income Statement

BingEx Ltd. ADR has shown inconsistent revenue growth with a decline in the most recent year. The company has struggled with profitability, evidenced by negative EBIT and EBITDA margins in recent years, although there was a brief improvement in 2023. The net profit margin has also been negative, indicating ongoing challenges in achieving profitability.

Balance Sheet

The balance sheet of BingEx Ltd. ADR reveals a high level of leverage, with a negative stockholders' equity indicating potential financial instability. The debt-to-equity ratio is not applicable due to negative equity, but the company has managed to maintain a positive cash position. The equity ratio is negative, highlighting significant liabilities compared to assets.

Cash Flow

Cash flow analysis shows some improvement, with positive free cash flow in the latest year after several years of negative figures. However, the operating cash flow to net income ratio is low, indicating challenges in converting income into cash. The company has managed to reduce capital expenditures, which has helped improve free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.69B	4.47B	4.53B	4.00B	3.04B	2.01B
Gross Profit	469.03M	490.56M	394.56M	259.26M	189.11M	189.22M
EBITDA	78.24M	-22.81M	15.54M	-197.02M	-296.23M	-212.22M
Net Income	192.13M	-146.48M	110.50M	-180.44M	-291.00M	-205.70M
Balance Sheet
Total Assets	1.01B	1.24B	1.00B	922.67M	907.66M	365.53M
Cash, Cash Equivalents and Short-Term Investments	823.04M	746.27M	850.09M	806.34M	832.24M	295.38M
Total Debt	48.93M	42.49M	57.71M	39.81M	0.00	0.00
Total Liabilities	3.41B	488.36M	3.43B	3.28B	2.78B	1.85B
Stockholders Equity	-2.40B	747.06M	-2.43B	-2.35B	-1.87B	-1.48B
Cash Flow
Free Cash Flow	83.40M	1.05M	42.62M	-90.24M	-200.14M	-161.96M
Operating Cash Flow	86.29M	2.19M	45.71M	-86.82M	-194.91M	-155.48M
Investing Cash Flow	-58.44M	-498.04M	26.05M	461.38M	-624.88M	-6.38M
Financing Cash Flow	-1.60M	433.51M	-359.00K	0.00	743.38M	0.00

BingEx Ltd. ADR Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLX, the sentiment is Positive. The current price of 3.2 is above the 20-day moving average (MA) of 3.20, above the 50-day MA of 3.17, and below the 200-day MA of 5.11, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.73 is Neutral, neither overbought nor oversold. The STOCH value of 42.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FLX.

BingEx Ltd. ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SFWL	79 Outperform	94.23M	8.17	9.29%	―	21.10%	31.75%
RLGT	64 Neutral	288.04M	17.24	―	―	12.49%	125.41%
CRGO	55 Neutral	163.64M	-7.57	-40.98%	―	21.92%	-4.84%
FLX	47 Neutral	$229.75M	124.65	-43.30%	―	-10.97%	-696.45%
PAL	45 Neutral	191.74M	-19.95	-2.51%	―	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

BingEx Ltd. ADR Corporate Events

BingEx Limited Reports Q2 2025 Financial Results Amid Competitive Market

On August 19, 2025, BingEx Limited announced its financial results for the second quarter of 2025, reporting revenues of RMB1,024.6 million, a decrease from the previous year due to intensified market competition. Despite the revenue decline, the company improved its gross profit margin to 12.0% and increased its net income attributable to ordinary shareholders to RMB53.5 million. The company continues to focus on operational excellence and expanding its presence in the on-demand retail market, aiming to unlock new growth opportunities and create value for stakeholders.