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

• Market Cap: HK$15.06B
• Dividend Yield: N/A
• Average Volume (3M): 1.73M
• Price to Earnings (P/E): 31.1
• Beta (1Y): 1.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 4,491
• Sector: Consumer Cyclical
• Sector Strength: 61
• Industry: Auto - Parts
• EPS (TTM): 0.64
• Shares Outstanding: 752,792,540
• 10 Day Avg. Volume: 1,368,546
• 30 Day Avg. Volume: 1,729,507
• PEG Ratio: 0.03
• Price to Book (P/B): -0.20
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$21.50
• Price Target Upside: 7.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• 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 Business Overview & Revenue Model

Company Description

TUHU 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 Money

TUHU 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

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.76B	13.60B	11.55B	11.72B	8.75B
Gross Profit	3.75B	3.36B	2.27B	1.87B	1.08B
EBITDA	480.03M	7.11B	-1.72B	-5.45B	-3.61B
Net Income	483.79M	6.70B	-2.14B	-5.84B	-3.93B
Balance Sheet
Total Assets	12.80B	11.76B	9.01B	9.83B	9.03B
Cash, Cash Equivalents and Short-Term Investments	4.55B	4.41B	2.71B	1.79B	1.86B
Total Debt	311.94M	364.67M	2.65B	2.84B	4.40B
Total Liabilities	7.94B	7.31B	27.97B	25.20B	18.94B
Stockholders Equity	4.86B	4.46B	-18.96B	-15.37B	-9.91B
Cash Flow
Free Cash Flow	997.52M	659.30M	-713.36M	-445.58M	163.01M
Operating Cash Flow	1.32B	1.02B	-312.71M	-98.75M	331.28M
Investing Cash Flow	-2.43B	-2.37B	481.35M	-917.97M	570.81M
Financing Cash Flow	-240.97M	1.35B	935.98M	1.41B	-1.04B

TUHU Car Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0425	79 Outperform	HK$26.59B	10.55	11.97%	1.88%	10.73%	20.28%
0179	75 Outperform	$19.76B	9.63	10.07%	1.59%	-2.37%	6.48%
1316	73 Outperform	$13.95B	28.97	3.13%	1.23%	1.31%	67.13%
9690	69 Neutral	HK$15.06B	31.11		―	―	―
1057	65 Neutral	HK$9.56B	23.55	9.28%	1.19%	46.99%	88.57%
1760	63 Neutral	HK$1.58B	6.97	8.65%	4.34%	13.37%	-35.53%
Sector *	56 Neutral	HK$23.37B	3.96	-1.56%	6.69%	0.06%	-64.88%

TUHU Car Inc. Class A Corporate Events

TUHU Car Inc. Strengthens Governance with New Nomination Committee

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

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

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

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

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.