Chenqi Technology Ltd (9680) Fair Value & Analysis
Industrials · HK · Market cap HK$1.2B
Fair value as of: Aug 13, 2026
From 1 valuation models · updated 3 days ago
Share price +18.8% over the past month.
Below-average quality, and screening another 63% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (HK$3.26). 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$1.73 to HK$3.26) leaves room in how you read the outcome.
Price vs Fair Value (2 years)
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
25‑month range HK$5.54 – HK$35.50 · fair‑value band HK$1.73 – HK$3.26 · the HK$7.01 price screens above the HK$2.61 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Chenqi Technology Ltd (9680) currently trades at HK$7.01, while our model-based Fair Value estimate is HK$2.61, implying the stock looks roughly 62.8% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Industrials 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).
Over the trailing twelve months, Chenqi Technology Ltd generated revenue of HK$5.3B at a net margin of -5.5%. Revenue grew 153.1% year over year. It earns a return on equity of -30.6%. The balance sheet holds a net cash position of HK$301M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$1.73 (bear case) to HK$3.26 (bull case); at HK$7.01, 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 46% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -18% fair-value upside, at -63%, 9680 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.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 13
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Chenqi Technology Ltd reported revenue of HK$5.3B in FY2025 versus HK$1.0B in FY2021, a compound +51.1%/yr. Reported net income was −HK$293M in FY2025.
9680 screens 63% overvalued. Compare with United Rentals, Inc →
Peer Group
Rental & Leasing Services · 98 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.
Valuation Multiples vs Rental & Leasing Services median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Rental & Leasing Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| United Rentals, Inc URI | $1,129 | $449.86 | -60% |
| Sunbelt Rentals Holdings SUNB | $80.55 | $65.76 | -18% |
| AerCap Holdings AER | $150.25 | $301.51 | +101% |
| Ryder System, Inc R | $262.96 | $109.71 | -58% |
| Ayvens AYV | €11.68 | €25.90 | +122% |
| Localiza Rent a Car S.A RENT3 | R$34.71 | R$37.01 | +7% |
| Element Fleet Management Corp EFN | C$27.95 | C$15.06 | -46% |
| BOC Aviation Limited 2588 | HK$74.40 | HK$18.61 | -75% |
| GATX Corporation GATX | $177.56 | $140.90 | -21% |
| Avis Budget Group CAR | $139.58 | $158.11 | +13% |
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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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