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WeRide Inc (0800) Fair Value & Analysis

Technology · HK · Market cap HK$14.3B

WI WeRide Inc 0800 · HK
PriceHK$15.49
Fair ValueHK$6.38
Upside-58.8%
Quality29/100
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Expensive Growth
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 0/100
Evidence: Low Range HK$4.21 – HK$7.97 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 2 days ago

Share price −5.0% over the past month.

Below-average quality, and screening another 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$7.97). The favourable scenario is already priced in.
  • Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (HK$4.21 to HK$7.97) leaves room in how you read the outcome.
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Price vs Fair Value (9 months)

HK$25.80 HK$13.65 Fair Value HK$6.38 Nov 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

9‑month range HK$13.65 – HK$25.80 · fair‑value band HK$4.21 – HK$7.97 · the HK$15.49 price screens above the HK$6.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 13, 2026.

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Analysis

WeRide Inc (0800) currently trades at HK$15.49, while our model-based Fair Value estimate is HK$6.38, implying the stock looks roughly 58.8% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at HK$726M. Revenue grew 57.6% year over year. It earns a return on equity of -23.9%. The balance sheet holds a net cash position of HK$6.3B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$4.21 (bear case) to HK$7.97 (bull case); at HK$15.49, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -40% fair-value upside, at -59%, 0800 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) HK$4.23 HK$5.67 HK$8.46 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$4.23 HK$5.67 HK$8.46 50

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Key figures & financial health

Revenue (TTM) HK$726M
Revenue growth (YoY) +57.6%
Net margin -228%
Return on equity -23.9%
Free cash flow −HK$1.6B FY2025
Operating margin -378%
More key figures
EPS (TTM) HK$-2.12
Net cash HK$6.3B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 36 · Market factors (momentum, volatility) 10

Profitability 1
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 4
Disciplined investing over empire-building
Low Volatility 1
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 17
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

WeRide Inc., an investment holding company, provides autonomous driving products and solutions for mobility, logistics, and sanitation industries in the People's Republic of China and Europe. Its product categories include robotaxis, robobus, robovan, and robosweeper.

Full company description

WeRide Inc., an investment holding company, provides autonomous driving products and solutions for mobility, logistics, and sanitation industries in the People's Republic of China and Europe. Its product categories include robotaxis, robobus, robovan, and robosweeper. The company also offers advanced driver-assistance system solutions; intelligent data services; and WeRide Go app, an online ride-hailing platform. It has a strategic alliance with ELEVATE Slovakia to launch autonomous driving programs in Slovekia. WeRide Inc. was incorporated in 2017 and is headquartered in Guangzhou, the People's Republic of China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WeRide Inc reported revenue of HK$685M in FY2025 versus HK$138M in FY2021, a compound +49.2%/yr. Reported net income was −HK$1.7B in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$685M
Latest YoY
+89.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+108.9%
Revenue +49.2%/yr
FY21 HK$138M
FY22 HK$528M
FY23 HK$402M
FY24 HK$361M
FY25 HK$685M
Net income
FY21 −HK$1.0B
FY22 −HK$1.3B
FY23 −HK$1.9B
FY24 −HK$2.5B
FY25 −HK$1.7B

0800 screens 59% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "WeRide Inc Fair Value". https://www.fairvalue-calculator.com/stock/0800

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Software - Application · 717 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 36 · Bottom 25%
Fair Value upside −59% · Below median
Return on assets -15% · Bottom 25%
Revenue growth 58% · Top 25%

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 0.23× · Cheaper than 75% of peers
P/S (TTM) 2.51× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 2
FUTURE 100 · sector 38
PAST 0 · sector 13
HEALTH 100 · sector 98
DIVIDEND 0 · sector 34

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Shopify Inc SHOP C$209.78 C$28.76 -86%
Uber Technologies, Inc UBER $75.36 $43.66 -42%
Salesforce, Inc CRM $193.32 $249.28 +29%
ServiceNow, Inc NOW $124.94 $43.73 -65%
Cadence Design Systems, Inc CDNS $323.13 $112.57 -65%
Beijing Kingsoft Office Software, Inc 688111 ¥254.50 ¥81.23 -68%
Tata Elxsi Limited TATAELXSI ₹3,712 ₹2,519 -32%
Douzone Bizon Co 012510 120,000 KRW 92,181 KRW -23%
KFin Technologies Limited KFINTECH ₹922.00 ₹556.85 -40%

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Frequently asked questions

Is WeRide Inc (0800) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$6.38 versus a price of HK$15.49, about −59% (overvalued).
What is the fair value of 0800?
Our model-based fair value for WeRide Inc is HK$6.38 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$15.49.
What is the quality score of 0800?
WeRide Inc has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of WeRide Inc (0800)?
WeRide Inc reported trailing-twelve-month revenue of about HK$726M (latest available figure, as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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