Gogox Holdings Limited (2246) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Gogox Holdings Limited HK$0.75, price HK$1.14, upside -34.2%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
51‑month range HK$1.10 – HK$167.20 · fair‑value band HK$0.5000 – HK$0.9400 · the HK$1.14 price screens above the HK$0.7500 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Gogox Holdings Limited, an investment holding company, provides logistic and delivery solutions in Mainland China, Hong Kong, Korea, Singapore, and internationally. It operates online intra-city logistics platform under the Kuaigou Dache and GoGoX brand names. The company's platform connects transacting user and logistic and delivery service provider.
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Gogox Holdings Limited, an investment holding company, provides logistic and delivery solutions in Mainland China, Hong Kong, Korea, Singapore, and internationally. It operates online intra-city logistics platform under the Kuaigou Dache and GoGoX brand names. The company's platform connects transacting user and logistic and delivery service provider. It is also involved in the provision of information technology, insurance brokerage, consultancy, technical, cargo compensation facilitation, and development and consultation; motor vehicle repair and maintenance; fuel card arrangement; computer programming activities; rental; payment processing; computer; and property holding activities. The company was formerly known as 58 Freight Inc. and changed its name to Gogox Holdings Limited in November 2021. Gogox Holdings Limited was founded in 2013 and is headquartered in Tianjin, the People's Republic of China.
Stock analysis
Gogox Holdings Limited (2246) currently trades at HK$1.14, while our model-based Fair Value estimate is HK$0.7500, 34.2% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: HK$0.5000 (bear) to HK$0.9400 (bull), the price of HK$1.14 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Gogox Holdings Limited reported revenue of 671M CNY in FY2025 versus 661M CNY in FY2021, a compound +0.4%/yr. Reported net income was −161M CNY in FY2025.
Key figures
Market cap HK$75.3M (≈ $9.6M) · P/S ratio 0.11 · EPS (TTM) HK$−1.80 · Net margin −24.1% · Return on equity −73.3% · Return on assets (EBIT) −48.1% · Operating margin −9.7% · Revenue (TTM) 671M CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 70% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −34%, 2246 screens richer than that median.
Fair Value models
Bear HK$0.5000Fair Value HK$0.7500Bull HK$0.9400
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.22/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+1.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−4.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
30.4% (2020) → −25.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Software - Application · 696 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−34.2% · Below median
Profitability
Return on assets−13.0% · Bottom 25%
Net margin (TTM)−24.1% · Bottom 25%
Operating margin (TTM)−9.7% · Bottom 25%
Growth and dividend
Revenue growth1.9% · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/B0.06× · Cheapest 25%
P/S (TTM)0.01× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)10· sector 39
PAST (return on equity)0· sector 16
HEALTH (low debt)100· sector 97
DIVIDEND (yield)0· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Gogox Holdings Limited (2246) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.7500 versus a price of HK$1.14, about −34% upside (overvalued).
What is the fair value of 2246?
Our model-based fair value for Gogox Holdings Limited is HK$0.7500 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$1.14.
What is the quality score of 2246?
Gogox Holdings Limited has a Quality Score of 45/100. 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 price target for Gogox Holdings Limited (2246)?
Our model-based price target is the fair value of HK$0.7500 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario HK$0.5000, optimistic scenario HK$0.9400. It is a calculation from audited fundamentals, not an analyst target.
What is the Gogox Holdings Limited stock forecast for 2026?
Our models put fair value at HK$0.7500, about −34% upside versus a price of HK$1.14 (overvalued). Cautious scenario HK$0.5000, optimistic scenario HK$0.9400. The calculation is refreshed regularly with new filings.
What is the revenue of Gogox Holdings Limited (2246)?
Gogox Holdings Limited reported trailing-twelve-month revenue of about 671M CNY (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Gogox Holdings Limited (2246)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gogox Holdings Limited it is HK$0.7500 per share (as of Sep 27, 2026), against a price of HK$1.14. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Gogox Holdings Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2246 trades above its calculated fair value: price HK$1.14, fair value HK$0.7500, a gap of about −34% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2246?
No. The price is what the market pays today (HK$1.14); the fair value is what the company's own numbers justify (HK$0.7500). For Gogox Holdings Limited the two are HK$0.3900 per share apart. That gap is exactly why we show both numbers side by side.
How much is Gogox Holdings Limited worth?
The market values Gogox Holdings Limited at about HK$75.3M (market capitalisation, as of Sep 27, 2026). Per share that is HK$1.14; our models calculate a fair value of HK$0.7500 per share.
What do the bullish and bearish scenarios say about 2246?
Our models span a range for Gogox Holdings Limited: cautious scenario HK$0.5000, base HK$0.7500, optimistic HK$0.9400 per share (as of Sep 27, 2026, price HK$1.14). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Gogox Holdings Limited (2246)?
Balance-sheet figures for Gogox Holdings Limited (as of Sep 27, 2026): return on equity −73.3%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 2246 from its 52-week high?
Gogox Holdings Limited trades at HK$1.14, about 70% below its 52-week high of HK$3.86 and 4% above the low of HK$1.10 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.7500 is for.
Which stocks are comparable to Gogox Holdings Limited?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Gogox Holdings Limited stock attractive at the current price?
The data as of Sep 27, 2026: price HK$1.14, calculated fair value HK$0.7500 (−34%), Quality Score 45/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2246 calculated?
We run Gogox Holdings Limited through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.7500, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Gogox Holdings Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Gogox Holdings Limited (2246)?
The closing price on Sep 30, 2026 was HK$1.14. Our model-based fair value is HK$0.7500, about −34% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gogox Holdings Limited right now?
The price sits above even our optimistic bull case (HK$0.9400). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (HK$0.5000 to HK$0.9400) leaves room in how you read the outcome.
Key figures of Gogox Holdings Limited
How large is the market capitalisation of Gogox Holdings Limited (2246)?
The market capitalisation of Gogox Holdings Limited is HK$75.3M (≈ $9.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Gogox Holdings Limited (2246)?
The price-to-sales ratio of Gogox Holdings Limited is 0.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Gogox Holdings Limited (2246)?
Earnings per share at Gogox Holdings Limited are HK$−1.80. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Gogox Holdings Limited (2246)?
The net margin of Gogox Holdings Limited is −24.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Gogox Holdings Limited (2246)?
The return on equity (ROE) of Gogox Holdings Limited is −73.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Gogox Holdings Limited (2246)?
On an EBIT basis the return on assets of Gogox Holdings Limited is −48.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Gogox Holdings Limited (2246)?
The operating margin of Gogox Holdings Limited is −9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gogox Holdings Limited (2246)?
Revenue at Gogox Holdings Limited is growing +1.9% versus a year earlier (3y avg −4.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Gogox Holdings Limited (2246) generate?
The free cash flow of Gogox Holdings Limited is −141M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Gogox Holdings Limited (2246) carry?
The net debt of Gogox Holdings Limited is 197M CNY (fiscal year 2020). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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