Chenqi Technology Ltd (9680) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Chenqi Technology Ltd HK$3.32, price HK$7.70, upside -56.9%, 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
27‑month range HK$5.54 – HK$35.50 · fair‑value band HK$2.19 – HK$4.14 · the HK$7.70 price screens above the HK$3.32 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Chenqi Technology Limited operates as a mobility technology and service company in the People's Republic of China. It operates through three segments: Mobility Services, Technology Services, and Fleet Sale and Maintenance Business. The Mobility Services segment provides ride-hailing, Robotaxi, and other related services.
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Chenqi Technology Limited operates as a mobility technology and service company in the People's Republic of China. It operates through three segments: Mobility Services, Technology Services, and Fleet Sale and Maintenance Business. The Mobility Services segment provides ride-hailing, Robotaxi, and other related services. The Technology Services segment offers data annotation, smart transportation, software development, and other technical services. The Fleet Sale and Maintenance segment engages in the sale of vehicles and spare parts; and provision of repair and maintenance services, and other related services. It serves corporate customers, automobile OEMs, vehicle service providers, riders, drivers, and autonomous driving solution providers. The company was incorporated in 2019 and is headquartered in Guangzhou, China.
Stock analysis
Chenqi Technology Ltd (9680) currently trades at HK$7.70, while our model-based Fair Value estimate is HK$3.32, 56.9% 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$2.19 (bear) to HK$4.14 (bull), the price of HK$7.70 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 Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Chenqi Technology Ltd reported revenue of 5.3B CNY in FY2025 versus 1.0B CNY in FY2021, a compound +51.1%/yr. Reported net income was −293M CNY in FY2025.
Key figures
Market cap HK$1.5B (≈ $193M) · P/S ratio 0.23 · EPS (TTM) HK$−0.6400 · Net margin −5.5% · Return on equity −30.6% · Return on assets (EBIT) −112% · Operating margin −4.9% · Revenue (TTM) 5.3B CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 39% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −12% fair-value upside, at −57%, 9680 screens richer than that median.
Fair Value models
Bear HK$2.19Fair Value HK$3.32Bull HK$4.14
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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+114.6%
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.
+56.9%
’21
’22
’23
’24
’25
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.
−67.4% (2021) → −5.5% (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.Rental & Leasing Services · 92 stocks
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Is Chenqi Technology Ltd (9680) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$3.32 versus a price of HK$7.70, about −57% upside (overvalued).
What is the fair value of 9680?
Our model-based fair value for Chenqi Technology Ltd is HK$3.32 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$7.70.
What is the quality score of 9680?
Chenqi Technology Ltd 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 Chenqi Technology Ltd (9680)?
Our model-based price target is the fair value of HK$3.32 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario HK$2.19, optimistic scenario HK$4.14. It is a calculation from audited fundamentals, not an analyst target.
What is the Chenqi Technology Ltd stock forecast for 2026?
Our models put fair value at HK$3.32, about −57% upside versus a price of HK$7.70 (overvalued). Cautious scenario HK$2.19, optimistic scenario HK$4.14. The calculation is refreshed regularly with new filings.
What is the revenue of Chenqi Technology Ltd (9680)?
Chenqi Technology Ltd reported trailing-twelve-month revenue of about 5.3B CNY (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Chenqi Technology Ltd (9680)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chenqi Technology Ltd it is HK$3.32 per share (as of Sep 27, 2026), against a price of HK$7.70. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Chenqi Technology Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 9680 trades above its calculated fair value: price HK$7.70, fair value HK$3.32, a gap of about −57% (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 9680?
No. The price is what the market pays today (HK$7.70); the fair value is what the company's own numbers justify (HK$3.32). For Chenqi Technology Ltd the two are HK$4.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Chenqi Technology Ltd worth?
The market values Chenqi Technology Ltd at about HK$1.5B (market capitalisation, as of Sep 27, 2026). Per share that is HK$7.70; our models calculate a fair value of HK$3.32 per share.
What do the bullish and bearish scenarios say about 9680?
Our models span a range for Chenqi Technology Ltd: cautious scenario HK$2.19, base HK$3.32, optimistic HK$4.14 per share (as of Sep 27, 2026, price HK$7.70). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Chenqi Technology Ltd (9680)?
Balance-sheet figures for Chenqi Technology Ltd (as of Sep 27, 2026): return on equity −30.6%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 9680 from its 52-week high?
Chenqi Technology Ltd trades at HK$7.70, about 37% below its 52-week high of HK$12.28 and 39% above the low of HK$5.54 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$3.32 is for.
Which stocks are comparable to Chenqi Technology Ltd?
From the same area (Industrials) we also value United Rentals, Inc, Sunbelt Rentals Holdings, AerCap Holdings, U-Haul Holding, 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 Chenqi Technology Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$7.70, calculated fair value HK$3.32 (−57%), 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 9680 calculated?
We run Chenqi Technology Ltd 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$3.32, 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. Chenqi Technology Ltd 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 Chenqi Technology Ltd (9680)?
The closing price on Sep 30, 2026 was HK$7.70. Our model-based fair value is HK$3.32, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chenqi Technology Ltd right now?
The price sits above even our optimistic bull case (HK$4.14). 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$2.19 to HK$4.14) leaves room in how you read the outcome.
Key figures of Chenqi Technology Ltd
How large is the market capitalisation of Chenqi Technology Ltd (9680)?
The market capitalisation of Chenqi Technology Ltd is HK$1.5B (≈ $193M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Chenqi Technology Ltd (9680)?
The price-to-sales ratio of Chenqi Technology Ltd is 0.23 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chenqi Technology Ltd (9680)?
Earnings per share at Chenqi Technology Ltd are HK$−0.6400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Chenqi Technology Ltd (9680)?
The net margin of Chenqi Technology Ltd is −5.5% (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 Chenqi Technology Ltd (9680)?
The return on equity (ROE) of Chenqi Technology Ltd is −30.6% (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 Chenqi Technology Ltd (9680)?
On an EBIT basis the return on assets of Chenqi Technology Ltd is −112% (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 Chenqi Technology Ltd (9680)?
The operating margin of Chenqi Technology Ltd is −4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chenqi Technology Ltd (9680)?
Revenue at Chenqi Technology Ltd is growing +153% versus a year earlier (3y avg +56.9%). 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 Chenqi Technology Ltd (9680) generate?
The free cash flow of Chenqi Technology Ltd is −241M 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 cash does Chenqi Technology Ltd (9680) hold?
Chenqi Technology Ltd holds more cash than debt, 301M CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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