TUHU Car Inc. Class A (HK:9690)
:9690
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TUHU Car Inc. Class A
(9690)
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Rating:62Neutral
Price Target:
HK$14.50
▲(6.23% Upside)
Action:ReiteratedDate:04/26/26
The score is primarily driven by improved financial fundamentals (revenue growth, stronger balance sheet, and solid recent cash generation), tempered by 2025 margin compression and historical volatility. Technicals remain weak with price below key longer-term moving averages and a negative MACD, while valuation looks somewhat high at a 28.26 P/E with no dividend yield data.
Positive Factors
Strong cash generation
Sustained positive operating and free cash flow in 2024–2025 supports funding of operations, reinvestment and deleveraging without relying on external financing. This improves durability of the business model and provides flexibility to withstand downturns or invest in network expansion.
Negative Factors
Margin compression
Sharp margin deterioration in 2025 undermines earnings quality and suggests structural pressures such as rising input costs, pricing competition, or higher fulfillment expenses. If persistent, weaker margins reduce free cash conversion and constrain reinvestment or margin recovery prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained positive operating and free cash flow in 2024–2025 supports funding of operations, reinvestment and deleveraging without relying on external financing. This improves durability of the business model and provides flexibility to withstand downturns or invest in network expansion.
Read all positive factors
TUHU Car Inc. Class A (9690) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$10.24B
Dividend YieldN/A
Average Volume (3M)1.03M
Price to Earnings (P/E)28.3
Beta (1Y)0.91
Revenue Growth11.61%
EPS Growth-12.63%
CountryHK
Employees4,491
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.06
Shares Outstanding758,683,200
10 Day Avg. Volume853,184
30 Day Avg. Volume1,028,016
Financial Highlights & Ratios
PEG Ratio-1.88
Price to Book (P/B)2.29
Price to Sales (P/S)0.72
P/FCF Ratio12.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$18.20Price Target Upside33.34% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.64
Revenue Forecast (FY)HK$18.31B
TUHU Car Inc. Class A Business Overview & Revenue Model
Company Description
TUHU Car Inc., together with its subsidiaries, primarily operates as an integrated online and offline platform for automotive services in China. The company offers tires and chassis parts; auto maintenance, such as various fluid chemicals, storage...
How the Company Makes Money
TUHU Car primarily makes money by selling automotive aftermarket products and facilitating/fulfilling related services through its platform and service network. Key revenue streams include: (1) product sales—revenue from selling tires and other ca...
TUHU Car Inc. Class A Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.51B | 16.04B | 14.76B | 13.60B | 11.55B | 11.72B |
| Gross Profit | 3.88B | 3.86B | 3.75B | 3.36B | 2.27B | 1.87B |
| EBITDA | 503.80M | 391.51M | 480.03M | 7.11B | -1.72B | -5.45B |
| Net Income | 505.39M | 409.51M | 483.79M | 6.70B | -2.14B | -5.84B |
Balance Sheet | ||||||
| Total Assets | 12.61B | 13.51B | 12.80B | 11.76B | 9.01B | 9.83B |
| Cash, Cash Equivalents and Short-Term Investments | 4.40B | 5.78B | 4.45B | 4.30B | 3.23B | 1.79B |
| Total Debt | 258.76M | 282.99M | 311.94M | 364.67M | 22.07B | 19.30B |
| Total Liabilities | 7.58B | 8.45B | 7.94B | 7.31B | 27.97B | 25.20B |
| Stockholders Equity | 5.03B | 5.06B | 4.86B | 4.46B | -18.96B | -15.37B |
Cash Flow | ||||||
| Free Cash Flow | 911.73M | 949.69M | 997.52M | 659.30M | -713.36M | -445.58M |
| Operating Cash Flow | 858.21M | 1.19B | 1.32B | 1.02B | -312.71M | -98.75M |
| Investing Cash Flow | -141.41M | 120.00M | -2.43B | -2.37B | 481.35M | -917.97M |
| Financing Cash Flow | -557.88M | -708.51M | -240.97M | 1.35B | 935.98M | 1.41B |
TUHU Car Inc. Class A Technical Analysis
Negative
13.65
Price Trends
14.21
Negative
15.21
Negative
17.23
Negative
Market Momentum
-0.16
Negative
50.74
Neutral
80.88
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9690, the sentiment is Negative. The current price of 13.65 is above the 20-day moving average (MA) of 13.28, below the 50-day MA of 14.21, and below the 200-day MA of 17.23, indicating a neutral trend. The MACD of -0.16 indicates Negative momentum. The RSI at 50.74 is Neutral, neither overbought nor oversold. The STOCH value of 80.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9690.
TUHU Car Inc. Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$41.66B | 12.46 | 12.26% | 1.39% | 11.26% | 15.82% | |
64 Neutral | HK$19.56B | 9.04 | 9.88% | 2.03% | -3.02% | 11.38% | |
62 Neutral | HK$10.24B | 28.26 | 8.17% | ― | 11.61% | -12.63% | |
62 Neutral | HK$12.35B | 20.23 | 4.89% | 1.02% | 7.11% | 65.26% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | HK$13.17B | 24.10 | 8.45% | 1.37% | 24.97% | 0.39% | |
54 Neutral | HK$1.99B | 34.32 | 2.32% | 3.20% | -9.47% | -72.44% |
* Consumer Cyclical Sector Average
HK:9690
TUHU Car Inc. Class A
13.50
-3.16
-18.97%
HK:0179
Johnson Electric Holdings
21.18
7.34
53.09%
HK:0425
Minth Group
35.56
17.35
95.25%
HK:1316
Nexteer Automotive Group
4.92
-0.21
-4.13%
HK:1057
Zhejiang Shibao Co. Ltd. Class H
4.58
1.29
39.29%
HK:1760
Intron Technology Holdings Ltd.
1.83
0.56
44.09%
TUHU Car Inc. Class A Corporate Events
TUHU Car Sets 2026 AGM to Approve Director Elections, Auditor and Share Mandates
Apr 23, 2026
TUHU Car Inc. has called its annual general meeting for 5 June 2026 in Shanghai, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and receive reports from the board and the external a...
TUHU Car Moves to Update Articles in Line With Hong Kong Governance Rules
Mar 20, 2026
TUHU Car Inc. plans to amend its existing fifth amended and restated memorandum and articles of association to align with recent changes to Hong Kong listing rules and updates to Cayman Islands law. The revisions will also incorporate new requirem...
TUHU Car Posts Double-Digit Revenue Growth but Margins Tighten in 2025
Mar 20, 2026
TUHU Car Inc. reported revenue of RMB16.46 billion for 2025, up 11.5% year on year, with adjusted EBITDA and adjusted net profit also improving, despite a decline in operating profit and overall profit margin. The second half of 2025 showed simila...
TUHU Car Sets March 2026 Board Meeting to Approve 2025 Results and Consider Final Dividend
Feb 27, 2026
TUHU Car Inc. has scheduled a board meeting for 20 March 2026 to review and approve its annual results for the year ended 31 December 2025. The board will also consider the publication of these results and discuss whether to recommend a final divi...
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.