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Autostreets Development Ltd (2443) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$1.4B

AD Autostreets Development Ltd 2443 · HK
PriceHK$1.50
Fair ValueHK$0.9700
Upside-35.3%
Quality48/100
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Weak Growth
Thin margins · 3.1% net margin
Low debt · generates free cash flow
Trails peers (3/13)
Narrow moat 25/100
Evidence: High Range HK$0.6400 – HK$1.21 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 3 days ago

Share price −3.8% over the past month.

Below-average quality, and screening another 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$1.21). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (HK$0.6400 to HK$1.21) leaves room in how you read the outcome.
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Price vs Fair Value (15 months)

HK$4.88 HK$1.47 Fair Value HK$0.9700 May 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

15‑month range HK$1.47 – HK$4.88 · fair‑value band HK$0.6400 – HK$1.21 · the HK$1.50 price screens above the HK$0.9700 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Autostreets Development Ltd (2443) currently trades at HK$1.50, while our model-based Fair Value estimate is HK$0.9700, implying the stock looks roughly 35.3% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, Autostreets Development Ltd generated revenue of HK$271M at a net margin of 3.1%. Revenue declined 40.5% year over year. It earns a return on equity of 2.3%. The balance sheet holds a net cash position of HK$644M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.6400 (bear case) to HK$1.21 (bull case); at HK$1.50, 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 71% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -5% fair-value upside, at -35%, 2443 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
Growth DCF HK$1.31 HK$1.39 HK$1.53 80
Rev-Margin DCF HK$1.20 HK$1.27 HK$1.36 74
ROIC Compounder HK$1.08 HK$1.10 HK$1.11 72
All 22 models by family
DCF Models
FCF DCF HK$1.30 HK$1.39 HK$1.54 38
Owner Earnings HK$1.31 HK$1.41 HK$1.57 31
5Y Revenue Exit HK$1.20 HK$1.26 HK$1.35 39
5Y EBITDA Exit HK$1.33 HK$1.48 HK$1.68 41
5Y P/E Exit HK$1.21 HK$1.27 HK$1.35 38
10Y Revenue Exit HK$1.24 HK$1.28 HK$1.33 36
10Y EBITDA Exit HK$1.31 HK$1.41 HK$1.51 37
10Y P/E Exit HK$1.24 HK$1.29 HK$1.33 35
Earnings-Based
Graham-Dodd HK$0.0700 HK$0.0800 HK$0.0900 54
EPV HK$1.08 HK$1.10 HK$1.11 59
Multiples
P/E Multiple HK$0.1600 HK$0.2200 HK$0.2700 63
P/S Multiple HK$0.1300 HK$0.1700 HK$0.2100 58
P/B Multiple HK$0.1300 HK$0.1700 HK$0.2100 55
EV/EBIT HK$1.20 HK$1.27 HK$1.34 53
EV/EBITDA HK$1.41 HK$1.54 HK$1.68 54
EV/Revenue HK$1.13 HK$1.19 HK$1.25 43
Asset-Based
NCAV (Graham) HK$0.5600 HK$0.7500 HK$1.11 50
Growth DCF
Growth DCF HK$1.31 HK$1.39 HK$1.53 80
Rev-Margin DCF HK$1.20 HK$1.27 HK$1.36 74
Economic Profit
Residual Income HK$0.7100 HK$0.6400 HK$0.4300 61
ROIC Compounder HK$1.08 HK$1.10 HK$1.11 72
Growth Earnings
Growth-Adj P/E HK$0.1200 HK$0.1600 HK$0.2100 68

Widest divergence: DCF Models (HK$1.29) versus Earnings-Based (HK$0.0800). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$271M
Revenue growth (YoY) -40.5%
Net margin 3.1%
Return on equity 2.3%
Free cash flow HK$30.9M FY2025
P/E ratio 150.0
More key figures
Operating margin 8.0%
EPS (TTM) HK$0.0100
EPS growth (YoY) -88.6%
Net cash HK$644M FY2025

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 52 · Market factors (momentum, volatility) 23

Profitability 19
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 22
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

Autostreets Development Limited, an investment holding company, provides used vehicle transaction services in China. It offers online-offline integrated transaction platform that connects upstream sellers with downstream buyers for used vehicles, as well as facilitates used vehicle auction in large volumes.

Full company description

Autostreets Development Limited, an investment holding company, provides used vehicle transaction services in China. It offers online-offline integrated transaction platform that connects upstream sellers with downstream buyers for used vehicles, as well as facilitates used vehicle auction in large volumes. The company also provides used vehicle value-added services; exhibition related services; and other services, such as providing title transfer and registration services and GPS installation services. In addition, it arranges sales of used vehicles; and offers IT system and internet information services. Autostreets Development Limited was incorporated in 2014 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Autostreets Development Ltd reported revenue of HK$271M in FY2025 versus HK$678M in FY2021, a compound −20.5%/yr. Reported net income was HK$8.3M in FY2025, compounding −35.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$271M
Latest YoY
−33.7%
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.
−16.6%
Revenue −20.5%/yr
FY21 HK$678M
FY22 HK$468M
FY23 HK$492M
FY24 HK$409M
FY25 HK$271M
Net income −35.6%/yr
FY21 HK$48.0M
FY22 HK$45.2M
FY23 −HK$15.5M
FY24 −HK$123M
FY25 HK$8.3M

2443 screens 35% overvalued. Compare with Carvana Co →

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Cite: Fair Value Calculator (2026). "Autostreets Development Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2443

Peer Group

Auto & Truck Dealerships · 103 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 48 · Below median
Fair Value upside −35% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 8% · Top 25%
Revenue growth -41% · Bottom 25%

Valuation Multiples vs Auto & Truck Dealerships median · lower = cheaper

P/E (TTM) 150.0× · Pricier than 75% of peers
P/B 1.52× · Pricier than median
P/S (TTM) 5.19× · Pricier than 75% of peers
P/FCF 5.8× · Pricier than median
EV/EBITDA 18.5× · Pricier than 75% of peers

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 26
FUTURE 0 · sector 8
PAST 9 · sector 20
HEALTH 100 · sector 90
DIVIDEND 0 · sector 75

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 Auto & Truck Dealerships stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Carvana Co CVNA $72.48 $24.58 -66%
Penske Automotive Group PAG $218.00 $217.41 -0%
D'Ieteren Group DIE €175.00 €105.40 -40%
Hotai Motor Co 2207 524.00 TWD 558.82 TWD +7%
CarMax, Inc KMX $58.71 $29.44 -50%
Lithia Motors, Inc LAD $378.55 $498.50 +32%
AutoNation, Inc AN $208.62 $329.77 +58%
Rush Enterprises, Inc RUSHA $80.63 $66.27 -18%
Valvoline Inc VVV $33.30 $24.55 -26%
OPENLANE, Inc OPLN $35.33 $33.46 -5%

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Frequently asked questions

Is Autostreets Development Ltd (2443) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.9700 versus a price of HK$1.50, about −35% (overvalued).
What is the fair value of 2443?
Our model-based fair value for Autostreets Development Ltd is HK$0.9700 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$1.50.
What is the quality score of 2443?
Autostreets Development Ltd has a Quality Score of 48/100. 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 Autostreets Development Ltd (2443)?
Autostreets Development Ltd reported trailing-twelve-month revenue of about HK$271M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2443?
The net profit margin of Autostreets Development Ltd is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.

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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