Here Group (HERE) AI Stock Analysis

• Market Cap: $259.96M
• Dividend Yield: N/A
• Average Volume (3M): 153.91K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 0.88
• Revenue Growth: -45.46%
• EPS Growth: -29.41%
• Country: US
• Employees: 714
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Leisure
• EPS (TTM): -0.02
• Shares Outstanding: 37,764,930
• 10 Day Avg. Volume: 180,095
• 30 Day Avg. Volume: 153,906
• PEG Ratio: -0.64
• Price to Book (P/B): 24.46
• Price to Sales (P/S): 7.31
• P/FCF Ratio: 99.26
• Enterprise Value/Market Cap: 10.90
• Enterprise Value/Revenue: 4.30
• Enterprise Value/Gross Profit: 33.23
• Enterprise Value/Ebitda: -30.54
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 4.09
• Revenue Forecast (FY): $1.55B

• Rating: 58 Neutral
• Price Target: $5.50 ▲(2.04% Upside)

The overall stock score of 58 reflects a combination of mixed financial performance and technical indicators, offset by a strong earnings call and attractive valuation. The company's operational challenges and recent financial volatility are significant concerns, but the positive earnings outlook and strategic initiatives provide a counterbalance.

Positive Factors

Revenue Growth

The significant revenue growth in the pop toy business indicates a successful strategic pivot and potential for sustained expansion in a focused market.

Gross Margin Improvement

Improved gross margins reflect enhanced cost management and profitability, providing a stronger financial foundation for future growth.

International Market Expansion

Expansion into international markets diversifies revenue streams and reduces reliance on any single market, enhancing long-term growth prospects.

Negative Factors

Revenue Decline

A decline in revenue growth rate suggests potential market or operational issues, which could hinder long-term business stability if not addressed.

Cash Flow Challenges

Declining free cash flow growth indicates inefficiencies in cash generation, which may constrain the company's ability to invest in growth opportunities.

Net Loss from Continuing Operations

Ongoing net losses highlight challenges in achieving profitability, which could impact financial health and investor confidence over the long term.

Here Group Business Overview & Revenue Model

Company Description

Here Group Limited designs and sells pop toys in China. It offers collectible pop toys, such as plush toys and figures under HERE brand. The company was formerly known as QuantaSing Group Limited and change its name to Here Group Limited in November 2025. Here Group Limited was founded in 2019 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

HERE generates revenue through multiple streams, primarily focusing on subscription-based services and licensing fees for its mapping and location data. Key revenue streams include the sale of APIs and SDKs that developers use to integrate HERE's location services into their applications. Additionally, HERE partners with automotive manufacturers to provide integrated navigation systems, which also contributes to its earnings through long-term contracts. The company further monetizes its data through partnerships with enterprises seeking location analytics and insights, helping businesses optimize their operations. Significant collaborations with tech companies and government entities enhance HERE's market presence and revenue opportunities.

Here Group Financial Statement Overview

Summary

Here Group's financial statements present a mixed picture. Strong gross profit margins are overshadowed by challenges in revenue growth and profitability. The balance sheet shows manageable leverage but fluctuating equity returns. Cash flow metrics highlight inefficiencies and recent declines in free cash flow growth. Overall, the company needs to address operational challenges to stabilize its financial performance.

Income Statement

The income statement shows a mixed performance. The company has a strong gross profit margin, indicating efficient cost management. However, the net profit margin has been volatile, with a significant decline in revenue growth rate in the most recent year. EBIT and EBITDA margins have been inconsistent, reflecting operational challenges. The negative revenue growth rate in the latest period is a concern, suggesting potential market or operational issues.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio, indicating manageable leverage levels. However, the return on equity has been inconsistent, with a significant drop in the latest period. The equity ratio is relatively low, suggesting limited equity financing. Overall, the balance sheet reflects a stable but cautious financial position, with potential risks from fluctuating equity and leverage metrics.

Cash Flow

Cash flow analysis indicates challenges in maintaining positive growth. The free cash flow growth rate has been negative recently, and the operating cash flow to net income ratio is low, suggesting inefficiencies in converting income to cash. The free cash flow to net income ratio is relatively high, indicating good cash generation relative to net income, but the overall cash flow position is weakened by recent declines.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	659.37M	377.72M	3.80B	3.08B	2.87B	1.76B
Gross Profit	85.26M	2.22B	3.25B	2.69B	2.46B	1.58B
EBITDA	-92.76M	405.45M	395.93M	-109.48M	-224.71M	-320.10M
Net Income	-14.19M	49.71M	385.53M	-108.54M	-233.43M	-316.04M
Balance Sheet
Total Assets	643.95M	1.66B	1.43B	1.22B	603.47M	330.23M
Cash, Cash Equivalents and Short-Term Investments	64.36M	1.04B	1.03B	930.58M	399.06M	54.73M
Total Debt	2.71M	34.54M	66.09M	93.93M	22.90M	9.07M
Total Liabilities	115.34M	728.56M	909.53M	997.60M	1.39B	609.73M
Stockholders Equity	-173.97M	112.90M	516.48M	223.70M	-789.35M	-279.51M
Cash Flow
Free Cash Flow	32.26M	27.82M	279.08M	229.87M	268.08M	43.80M
Operating Cash Flow	32.32M	28.25M	282.72M	235.62M	272.64M	79.42M
Investing Cash Flow	150.32M	-4.65M	-132.78M	201.00K	-108.58M	-62.35M
Financing Cash Flow	-867.00K	-13.65M	-130.19M	247.70M	71.63M	-21.09M

Here Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.39
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HERE, the sentiment is Negative. The current price of 5.39 is above the 20-day moving average (MA) of 4.98, above the 50-day MA of 5.07, and below the 200-day MA of 7.22, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 40.60 is Neutral, neither overbought nor oversold. The STOCH value of 25.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HERE.

Here Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VSTA	81 Outperform	$400.42M	4.75	9.60%	―	0.46%	―
APEI	68 Neutral	$763.73M	31.65	11.20%	―	6.75%	141.11%
IH	67 Neutral	$93.51M	6.66	11.71%	3.93%	-8.09%	-15.28%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HERE	58 Neutral	$259.96M	6.67	32.98%	―	-45.46%	-29.41%
LINC	58 Neutral	$822.85M	57.99	7.94%	―	16.90%	41.11%
CHGG	45 Neutral	$87.92M	-1.11	-46.37%	―	-32.37%	90.99%

Here Group Corporate Events

Here Group Reports Strong Q1 FY 2026 Results with Focus on Pop Toy Market

Here Group Limited announced its unaudited financial results for the first quarter of fiscal year 2026, showing significant revenue growth of 93.3% from the previous quarter, reaching RMB127.1 million. The company completed the disposal of its established business on September 30, 2025, and is now focused on the pop toy market, with a strategic transformation that has resulted in increased gross margins and a strong financial foundation. The company expects continued growth and has set a revenue target for fiscal year 2026 between RMB750.0 million and RMB800.0 million, supported by its two-pillar growth strategy.

The most recent analyst rating on (HERE) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Here Group stock, see the HERE Stock Forecast page.