TuanChe (TC)
NASDAQ:TC
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TuanChe
(NASDAQ:TC)
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Rating:46Neutral
Price Target:
$10.00
▲(15.61% Upside)
Action:Reiterated
Date:05/12/26
The score is primarily held down by weak financial performance—sharp revenue contraction, very poor operating profitability, and significant ongoing cash burn—despite a modestly leveraged balance sheet in the latest period. Technicals are mixed with a weaker longer-term trend, while valuation is a relative positive due to the low P/E.
Positive Factors
Modest leverage in most recent year
Very low reported debt-to-equity in 2025 and positive equity provide structural financial flexibility versus highly leveraged peers. This reduces near-term refinancing risk, gives the company optionality to fund operations or restructure, and supports runway while operating fixes are pursued.
Negative Factors
Sharp revenue contraction
An ~84% revenue decline in a single year signals a meaningful loss of scale and weak demand for core services. Such contraction undermines network effects, dealer willingness to pay, and fixed-cost absorption, making a durable recovery harder without structural changes to product-market fit or go-to-market execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage in most recent year
Very low reported debt-to-equity in 2025 and positive equity provide structural financial flexibility versus highly leveraged peers. This reduces near-term refinancing risk, gives the company optionality to fund operations or restructure, and supports runway while operating fixes are pursued.
Read all positive factors
TuanChe (TC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$15.66M
Dividend YieldN/A
Average Volume (3M)12.55K
Price to Earnings (P/E)2.6
Beta (1Y)0.24
Revenue Growth-64.20%
EPS Growth-18.43%
CountryUS
Employees116
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-72.96
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)0.04
Price to Sales (P/S)1.00
P/FCF Ratio-0.03
Enterprise Value/Market Cap14.04
Enterprise Value/Revenue6.00
Enterprise Value/Gross Profit8.19
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 primarily makes money by providing marketing and transaction-facilitation services to automobile dealers. Key revenue streams include: (1) event-based dealer fees tied to participation in TuanChe-organized auto purchase promotion events (w...
TuanChe Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
9
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.65M | 5.76M | 49.18M | 162.37M | 183.19M | 357.55M |
| Gross Profit | 26.85M | 163.42K | 33.58M | 93.42M | 112.65M | 272.26M |
| EBITDA | 0.00 | -33.54M | -85.89M | -115.28M | -95.31M | -103.44M |
| Net Income | -147.99M | 2.21M | -187.99M | -82.97M | -166.49M | -101.94M |
Balance Sheet | ||||||
| Total Assets | 203.70M | 172.99M | 44.14M | 119.35M | 235.27M | 353.07M |
| Cash, Cash Equivalents and Short-Term Investments | 1.07M | 976.62K | 9.08M | 16.16M | 77.88M | 71.10M |
| Total Debt | 41.70M | 6.21M | 48.47M | 24.79M | 17.41M | 11.06M |
| Total Liabilities | 170.72M | 40.62M | 184.95M | 99.86M | 142.49M | 159.76M |
| Stockholders Equity | 32.99M | 132.36M | -140.81M | 19.48M | 92.78M | 194.41M |
Cash Flow | ||||||
| Free Cash Flow | -193.15M | -171.56M | -34.74M | -74.89M | -109.89M | -93.22M |
| Operating Cash Flow | -193.13M | -171.56M | -34.72M | -74.89M | -109.68M | -92.25M |
| Investing Cash Flow | -12.00K | -4.77M | -19.00K | 0.00 | -212.00K | 47.86M |
| Financing Cash Flow | 187.14M | 159.13M | 30.16M | 13.97M | 91.24M | 7.00M |
TuanChe Technical Analysis
Negative
8.65
Price Trends
11.01
Negative
11.40
Negative
13.09
Negative
Market Momentum
-0.14
Negative
39.78
Neutral
31.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TC, the sentiment is Negative. The current price of 8.65 is below the 20-day moving average (MA) of 10.36, below the 50-day MA of 11.01, and below the 200-day MA of 13.09, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 39.78 is Neutral, neither overbought nor oversold. The STOCH value of 31.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $2.16B | 16.57 | 3.51% | 0.00% | -8.24% | -11.76% | |
61 Neutral | $6.80M | ― | -35.00% | ― | -1.11% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $258.75M | -2.19 | -4.72% | ― | -23.56% | -43.49% | |
48 Neutral | $161.71M | -0.03 | -14.29% | ― | 42.80% | 58.86% | |
46 Neutral | $15.66M | 2.62 | -1080.13% | ― | -64.20% | -18.43% |
* Communication Services Sector Average
TC
TuanChe
9.05
-5.94
-39.62%
ATHM
AutoHome
17.05
-8.04
-32.04%
CMCM
Cheetah Mobile
5.21
1.15
28.33%
KRKR
36Kr Holdings Inc
3.39
-2.43
-41.75%
ZH
Zhihu
3.12
-0.93
-22.96%
TuanChe Corporate Events
Token Cat Limited Raises $119.6 Million in Completed Private Share Placement
Feb 27, 2026
On February 27, 2026, Token Cat Limited reported that it had closed a previously announced private placement with certain non-U.S. investors. The transaction involved the sale of 96,000,000,001 Class A ordinary shares at $0.0012457 per share, for ...
Token Cat Limited Announces $119.6 Million Private Share Placement with Non‑U.S. Investors
Feb 13, 2026
On February 12, 2026, Token Cat Limited signed a securities purchase agreement with a group of non‑U.S. investors to conduct a sizable private placement exempt from SEC registration. The deal involves issuing 96,000,000,001 Class A ordinary ...
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.