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TUHU Car Inc. Class A (HK:9690)
:9690
Hong Kong Market

TUHU Car Inc. Class A (9690) AI Stock Analysis

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HK

TUHU Car Inc. Class A

(9690)

Rating:69Neutral
Price Target:
HK$20.00
▲(0.00%Upside)
The overall stock score is driven primarily by strong financial performance and stable technical indicators. The high P/E ratio indicates a potential overvaluation risk, but the company's financial recovery and operational improvements are positive factors. The absence of earnings call insights and notable corporate events limits further evaluation.
Positive Factors
Market Trends
The company is poised to benefit from key trends like growing vehicle ages, consumption downgrade, and the shift toward online purchasing among younger consumers.
Profitability
The profitability of Tuhu’s franchised stores has been better than most auto after-market peers, with more than 90% of Tuhu’s stores operating for over six months making profits.
Negative Factors
Profit Projection
The 2H24 adjusted net profit is projected to fall 9% YoY, indicating weaker-than-expected sales.
Valuation
The target price has been cut from HK$26.00 to HK$20.00, reflecting adjustments in valuation expectations.

TUHU Car Inc. Class A (9690) vs. iShares MSCI Hong Kong ETF (EWH)

TUHU Car Inc. Class A Business Overview & Revenue Model

Company DescriptionTUHU Car Inc. Class A (9690) is a leading automotive services platform in China, specializing in providing comprehensive car maintenance and repair services. The company operates through an extensive network of service centers and partners with various automotive parts suppliers to offer a wide range of services, including tire replacements, oil changes, brake repairs, and other vehicle maintenance needs. TUHU Car Inc. leverages technology to enhance customer experience and streamline operations, positioning itself as a key player in the automotive after-sales service industry.
How the Company Makes MoneyTUHU Car Inc. generates revenue primarily through its service offerings at owned and franchised service centers, where customers pay for vehicle maintenance and repair services. The company also earns money by partnering with third-party automotive parts suppliers, which allows it to provide a wide array of parts and accessories to its customers, often earning a commission or margin on these sales. Additionally, TUHU Car Inc. may generate income through its digital platform by offering value-added services and subscription-based models for regular vehicle maintenance. Strategic partnerships with automotive brands and suppliers enhance its revenue streams and market reach.

TUHU Car Inc. Class A Financial Statement Overview

Summary
TUHU Car Inc. has shown remarkable financial recovery with improved profitability and margins. The balance sheet is stronger with reduced leverage and positive equity, and cash flows are robust, indicating effective cash management. Despite historical financial stability concerns, the current trajectory is positive.
Income Statement
75
Positive
TUHU Car Inc. has demonstrated a significant improvement in profitability over the years. The Gross Profit Margin improved from 7.43% in 2019 to 25.38% in 2024, indicating better cost management and pricing strategies. The company turned profitable in 2024 with a Net Profit Margin of 3.28%, a substantial recovery from negative margins in previous years. Revenue Growth Rate was 8.49% in 2024, showing a steady upward trend from 2020. EBIT and EBITDA Margins also improved, reflecting operational improvements.
Balance Sheet
68
Positive
The Debt-to-Equity ratio is favorable in 2024 with a low leverage of 0.06, indicating a solid financial structure. Return on Equity (ROE) turned positive to 9.95% in 2024, showing effective utilization of equity. The Equity Ratio improved to 38.00% in 2024, indicating a healthier balance sheet compared to prior years with negative equity. However, previous years showed high liabilities and negative equity, posing historical financial stability concerns.
Cash Flow
80
Positive
TUHU Car Inc. showed strong cash flow management with Operating Cash Flow increasing to 1,319.18 million in 2024. Free Cash Flow Growth Rate was significant due to the turnaround from negative cash flows in 2020 to positive in 2024. The Operating Cash Flow to Net Income Ratio indicates robust cash generation relative to profit. The Free Cash Flow to Net Income Ratio also improved, showing effective cash utilization.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue14.76B13.60B11.55B11.72B8.75B
Gross Profit3.75B3.36B2.27B1.87B1.08B
EBITDA480.03M7.11B-1.72B-5.45B-3.61B
Net Income483.79M6.70B-2.14B-5.84B-3.93B
Balance Sheet
Total Assets12.80B11.76B9.01B9.83B9.03B
Cash, Cash Equivalents and Short-Term Investments4.55B4.41B2.71B1.79B1.86B
Total Debt311.94M364.67M2.65B2.84B4.40B
Total Liabilities7.94B7.31B27.97B25.20B18.94B
Stockholders Equity4.86B4.46B-18.96B-15.37B-9.91B
Cash Flow
Free Cash Flow997.52M659.30M-713.36M-445.58M163.01M
Operating Cash Flow1.32B1.02B-312.71M-98.75M331.28M
Investing Cash Flow-2.43B-2.37B481.35M-917.97M570.81M
Financing Cash Flow-240.97M1.35B935.98M1.41B-1.04B

TUHU Car Inc. Class A Technical Analysis

Technical Analysis Sentiment
Positive
Last Price20.00
Price Trends
50DMA
18.73
Positive
100DMA
17.95
Positive
200DMA
18.86
Positive
Market Momentum
MACD
0.28
Positive
RSI
56.56
Neutral
STOCH
62.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9690, the sentiment is Positive. The current price of 20 is above the 20-day moving average (MA) of 19.87, above the 50-day MA of 18.73, and above the 200-day MA of 18.86, indicating a bullish trend. The MACD of 0.28 indicates Positive momentum. The RSI at 56.56 is Neutral, neither overbought nor oversold. The STOCH value of 62.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9690.

TUHU Car Inc. Class A Peers Comparison

Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
HK$26.59B10.5511.97%1.88%10.73%20.28%
75
Outperform
$19.76B9.6310.07%1.59%-2.37%6.48%
73
Outperform
$13.95B28.973.13%1.23%1.31%67.13%
69
Neutral
HK$15.06B31.11
65
Neutral
HK$9.56B23.559.28%1.19%46.99%88.57%
63
Neutral
HK$1.58B6.978.65%4.34%13.37%-35.53%
56
Neutral
HK$23.37B3.96-1.56%6.69%0.06%-64.88%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:9690
TUHU Car Inc. Class A
20.00
1.36
7.30%
HK:1760
Intron Technology Holdings Ltd.
1.45
0.03
2.11%
HK:1057
Zhejiang Shibao Co. Ltd. Class H
5.44
3.50
180.70%
HK:0425
Minth Group
23.10
11.64
101.62%
HK:0179
Johnson Electric Holdings
21.40
10.57
97.62%
HK:1316
Nexteer Automotive Group
5.56
2.43
77.75%

TUHU Car Inc. Class A Corporate Events

TUHU Car Inc. Strengthens Governance with New Nomination Committee
Jun 30, 2025

TUHU Car Inc., a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has established a nomination committee to enhance its governance structure. The committee is tasked with identifying and recommending director candidates, overseeing board performance evaluations, and developing nomination guidelines. This move is expected to strengthen the company’s board governance and ensure compliance with applicable laws and listing standards, potentially improving investor confidence and stakeholder engagement.

The most recent analyst rating on (HK:9690) stock is a Sell with a HK$13.50 price target. To see the full list of analyst forecasts on TUHU Car Inc. Class A stock, see the HK:9690 Stock Forecast page.

TUHU Car Inc. Announces Board Changes with New Director Appointment
Jun 30, 2025

TUHU Car Inc., a company listed on the Hong Kong Stock Exchange, announced a change in its board composition. Mr. Feng Wei has resigned from his role as an independent non-executive director and several committee positions due to personal and professional commitments. He will be succeeded by Ms. Zhou Lingfei, a seasoned venture capital professional with extensive experience in the Technology, Media, and Telecom industry. Ms. Zhou’s appointment is expected to bring valuable insights and strengthen the company’s strategic direction.

The most recent analyst rating on (HK:9690) stock is a Sell with a HK$13.50 price target. To see the full list of analyst forecasts on TUHU Car Inc. Class A stock, see the HK:9690 Stock Forecast page.

TUHU Car Inc. Announces Board Composition and Roles
Jun 30, 2025

TUHU Car Inc. has announced the composition of its board of directors, detailing the roles and functions of its executive, non-executive, and independent non-executive directors. This announcement provides insights into the company’s governance structure, which may influence its strategic direction and stakeholder confidence.

The most recent analyst rating on (HK:9690) stock is a Sell with a HK$13.50 price target. To see the full list of analyst forecasts on TUHU Car Inc. Class A stock, see the HK:9690 Stock Forecast page.

Tuhu Car Inc. AGM Resolutions Passed with Strong Support
Jun 6, 2025

Tuhu Car Inc. announced that all ordinary resolutions proposed at its annual general meeting on June 6, 2025, were approved. These resolutions included the re-election of directors, authorization of directors’ remuneration, reappointment of Ernst & Young as auditors, and mandates for share repurchase and issuance, reflecting strong shareholder support and strategic alignment.

The most recent analyst rating on (HK:9690) stock is a Buy with a HK$21.50 price target. To see the full list of analyst forecasts on TUHU Car Inc. Class A stock, see the HK:9690 Stock Forecast page.

TUHU Car Inc. Schedules 2025 Annual General Meeting with Key Resolutions
May 12, 2025

TUHU Car Inc. has announced its upcoming annual general meeting to be held on June 6, 2025, in Shanghai, China. The agenda includes receiving financial statements, re-electing directors, authorizing director remuneration, re-appointing Ernst & Young as auditors, and considering resolutions related to share purchases and issuance. These resolutions, if approved, could impact the company’s share capital and governance structure, potentially affecting shareholder influence and market positioning.

The most recent analyst rating on (HK:9690) stock is a Sell with a HK$13.50 price target. To see the full list of analyst forecasts on TUHU Car Inc. Class A stock, see the HK:9690 Stock Forecast page.

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.Date of analysis: Jun 04, 2025