TuanChe (TC)
NASDAQ:TC
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TuanChe
(NASDAQ:TC)
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Rating:42Neutral
Price Target:
$10.50
▲(21.39% Upside)
Action:UpgradedDate:01/18/26
The score is driven primarily by very weak financial performance—sharp multi-year revenue contraction, persistent large losses, ongoing negative cash flow, and the shift to negative equity. Technicals are mixed with only short-term improvement against a bearish longer-term trend, while valuation is not supportive due to losses (negative P/E) and no dividend yield.
Positive Factors
High gross margins
Sustained gross margins around 60%+ indicate TuanChe’s core lead-generation and event services have high incremental profitability. That durable unit economics mean fewer revenue dollars are needed to cover variable costs, supporting eventual operating leverage if scale is restored.
Negative Factors
Severe multi-year revenue decline
A collapse in top-line scale erodes network effects central to a dealer-led marketplace, reducing dealer participation and lead quality. Loss of scale raises unit costs, undermines marketing efficacy and pricing power, and makes restoring sustainable profitability materially harder over months.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained gross margins around 60%+ indicate TuanChe’s core lead-generation and event services have high incremental profitability. That durable unit economics mean fewer revenue dollars are needed to cover variable costs, supporting eventual operating leverage if scale is restored.
Read all positive factors
TuanChe (TC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.61M
Dividend YieldN/A
Average Volume (3M)12.55K
Price to Earnings (P/E)―
Beta (1Y)0.32
Revenue Growth-64.20%
EPS Growth-18.43%
CountryUS
Employees116
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.79
Shares Outstanding1,680,200
10 Day Avg. Volume25,770
30 Day Avg. Volume12,554
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-2.57
Price to Sales (P/S)7.36
P/FCF Ratio-10.42
Enterprise Value/Market Cap152.32
Enterprise Value/Revenue6.70
Enterprise Value/Gross Profit9.15
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TuanChe Business Overview & Revenue Model
Company Description
Token Cat Ltd. operates as a holding company, which engages in the operation of an omni-channel automotive marketplace. It offers auto shows, group-purchase facilitation, and virtual dealership services. The company was founded by Wei Wen and Jian...
How the Company Makes Money
TuanChe makes money primarily through transaction fees and service charges associated with its automotive marketplace services. By organizing large-scale auto shows and online events, TuanChe attracts various car dealers and manufacturers who pay ...
TuanChe Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.65M | 49.18M | 162.37M | 183.19M | 357.55M | 330.23M |
| Gross Profit | 26.85M | 33.58M | 93.42M | 112.65M | 272.26M | 241.43M |
| EBITDA | 0.00 | -85.89M | -115.28M | -95.31M | -103.44M | -164.22M |
| Net Income | -147.99M | -187.99M | -82.97M | -166.49M | -101.94M | -163.03M |
Balance Sheet | ||||||
| Total Assets | 203.70M | 44.14M | 119.35M | 235.27M | 353.07M | 474.41M |
| Cash, Cash Equivalents and Short-Term Investments | 1.07M | 9.08M | 16.16M | 77.88M | 71.10M | 164.34M |
| Total Debt | 41.70M | 48.47M | 24.79M | 17.41M | 11.06M | 9.96M |
| Total Liabilities | 170.72M | 184.95M | 99.86M | 142.49M | 159.76M | 187.35M |
| Stockholders Equity | 32.99M | -140.81M | 19.48M | 92.78M | 194.41M | 288.16M |
Cash Flow | ||||||
| Free Cash Flow | -193.15M | -34.74M | -74.89M | -109.89M | -93.22M | -90.90M |
| Operating Cash Flow | -193.13M | -34.72M | -74.89M | -109.68M | -92.25M | -88.85M |
| Investing Cash Flow | -12.00K | -19.00K | 0.00 | -212.00K | 47.86M | 37.70M |
| Financing Cash Flow | 187.14M | 30.16M | 13.97M | 91.24M | 7.00M | -63.00K |
TuanChe Technical Analysis
Neutral
8.65
Price Trends
11.10
Negative
11.88
Negative
13.25
Negative
Market Momentum
-0.17
Negative
47.82
Neutral
29.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TC, the sentiment is Neutral. The current price of 8.65 is below the 20-day moving average (MA) of 10.38, below the 50-day MA of 11.10, and below the 200-day MA of 13.25, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 47.82 is Neutral, neither overbought nor oversold. The STOCH value of 29.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TC.
TuanChe Risk Analysis
TuanChe disclosed 88 risk factors in its most recent earnings report. TuanChe reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Our and the VIEs' business operations have been and may continue to be materially and adversely affected by the COVID-19 pandemic. Q4, 2023
TuanChe Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $2.25B | 13.04 | 3.33% | 0.00% | -5.54% | -14.30% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
49 Neutral | $7.75M | 6.49 | -35.00% | ― | ― | ― | |
49 Neutral | $263.07M | -9.78 | -4.72% | ― | -23.61% | ― | |
46 Neutral | $167.88M | -0.10 | -14.29% | ― | ― | ― | |
42 Neutral | $1.61M | -9.73 | -1080.13% | ― | -64.20% | -18.43% |
* Communication Services Sector Average
TC
TuanChe
10.32
-1.61
-13.50%
ATHM
AutoHome
17.90
-7.68
-30.02%
CMCM
Cheetah Mobile
5.47
1.83
50.27%
KRKR
36Kr Holdings Inc
3.93
-0.15
-3.68%
ZH
Zhihu
3.21
-0.45
-12.30%
TuanChe Corporate Events
Token Cat Calls February EGM to Seek Massive Increase in Authorized Share Capital
Jan 15, 2026
On January 15, 2026, Token Cat Limited announced it will convene an extraordinary general meeting in Beijing on February 3, 2026, with shareholders of record as of January 14, 2026 entitled to vote. The agenda asks investors to approve a massive i...
Token Cat Limited Announces Leadership Reshuffle
Nov 6, 2025
Token Cat Limited, a Cayman Islands exempted limited company, announced significant leadership changes effective November 6, 2025. Mr. Wei Wen, the former director, CEO, and Chairman, and Mr. Simon Li, the former CFO, both resigned on October 30, ...
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.