TuanChe (TC) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of TuanChe stock $0.28, price $1.22, upside -77.0%, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
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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 Oct 25, 2026.
How to read this chart
60‑month range $1.22 – $3,027 · fair‑value band $0.2100 – $0.3500 · the $1.22 price screens above the $0.2800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 25, 2026.
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Token Cat Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in the People's Republic of China.
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It also offers electronic equipment trading and technical support, and consulting services; subscription and support services; The company was formerly known as TuanChe Limited and changed its name to Token Cat Limited in February 2025.
Token Cat Limited was founded in 2010 and is headquartered in Beijing, China.
Stock analysis
TuanChe (TC) currently trades at $1.22, while our model-based Fair Value estimate is $0.2800, 77.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of $0.7500 per share, and 1 of the 7 models we run sit above the $1.22 price.
Bear case: the Earnings-Based group reads lowest at $0.1000, and 6 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: $0.2100 (bear) to $0.3500 (bull), the price of $1.22 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 47/100 (below-average quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
TuanChe ADR reported revenue of 5.8M CNY in FY2025 versus 358M CNY in FY2021, a compound −64.4%/yr. Reported net income was 2.2M CNY in FY2025.
Key figures
Market cap $32.2M · P/E ratio 0.0 · EPS (TTM) $50.11 · Net margin 38.3% · Return on equity −1,085% · Return on assets (EBIT) −81.3% · Operating margin −582% · Revenue (TTM) 5.9M CNY.
What moves the price
The share trades about 94% below its 52-week high and at its 52-week low.
For context, the median of 10 Communication Services peers we cover trades at 15% fair-value upside, at −77%, TC screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($0.1000 to $1.32). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear$0.2100Fair Value $0.2800Bull$0.3500
Price $1.22 · Upside -77.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($40.91 per share) are deliberately not added.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.Coverage ⓘCoverage = 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.19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−88.3%
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.
−68.4%
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.
−55.5%
Start year 2020 (pandemic)
Revenue growth 9 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.
−28.5%
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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.
−51.9% (2020) → −582.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
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.Advertising Agencies · 185 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−77.0% · Bottom 25%
Profitability
Return on assets1.3% · Above median
Net margin (12 months)38.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−38.8% · Bottom 25%
Balance sheet
Debt / equity0.08× · Above median
Valuation Multiplesvs Advertising Agencies median · lower = cheaper
P/E (12 months)0.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 39
FUTURE (revenue growth)0· sector 15
PAST (return on equity)0· sector 9
HEALTH (low debt)96· sector 98
DIVIDEND (yield)0· sector 60
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.
Cite: Fair Value Calculator (2026). "TuanChe ADR Fair Value". https://www.fairvalue-calculator.com/stock/TC.US
Frequently asked questions
Is TuanChe (TC) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of $0.2800 versus a price of $1.22, about −77% upside (overvalued).
What is the fair value of TC?
Our model-based fair value for TuanChe ADR is $0.2800 (as of Oct 25, 2026), built from audited fundamentals. The current price: $1.22.
What is the quality score of TC?
TuanChe ADR has a Quality Score of 47/100. 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 TuanChe (TC)?
Our model-based price target is the fair value of $0.2800 (as of Oct 25, 2026) from 7 valuation models. Cautious scenario $0.2100, optimistic scenario $0.3500. It is a calculation from audited fundamentals, not an analyst target.
What is the TuanChe ADR stock forecast for 2026?
Our models put fair value at $0.2800, about −77% upside versus a price of $1.22 (overvalued). Cautious scenario $0.2100, optimistic scenario $0.3500. The calculation is refreshed regularly with new filings.
What is the revenue of TuanChe (TC)?
TuanChe ADR reported trailing-twelve-month revenue of about 5.9M CNY (latest available figure, as of Oct 25, 2026).
What is the intrinsic value of TuanChe (TC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TuanChe ADR it is $0.2800 per share (as of Oct 25, 2026), against a price of $1.22. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is TuanChe ADR stock overvalued or undervalued in 2026?
As of Oct 25, 2026, TC trades above its calculated fair value: price $1.22, fair value $0.2800, a gap of about −77% (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 TC?
No. The price is what the market pays today ($1.22); the fair value is what the company's own numbers justify ($0.2800). For TuanChe ADR the two are $0.9400 per share apart. That gap is exactly why we show both numbers side by side.
How much is TuanChe ADR worth?
The market values TuanChe ADR at about $32.2M (market capitalisation, as of Oct 25, 2026). Per share that is $1.22; our models calculate a fair value of $0.2800 per share.
What do the bullish and bearish scenarios say about TC?
Our models span a range for TuanChe ADR: cautious scenario $0.2100, base $0.2800, optimistic $0.3500 per share (as of Oct 25, 2026, price $1.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TC?
TuanChe ADR trades at a price-to-earnings ratio of 0.0 (as of Oct 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.2800 is built from several models across several years.
How solid is the balance sheet of TuanChe (TC)?
Balance-sheet figures for TuanChe ADR (as of Oct 25, 2026): debt of 0.08 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is TC from its 52-week high?
TuanChe ADR trades at $1.22, about 94% below its 52-week high of $18.82 and at the low of $1.22 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of $0.2800 is for.
Which stocks are comparable to TuanChe ADR?
From the same area (Communication Services) we also value AppLovin Corporation, Publicis Groupe S.A, Omnicom Group, Focus Media Information Technology Co, 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 TuanChe ADR stock attractive at the current price?
The data as of Oct 25, 2026: price $1.22, calculated fair value $0.2800 (−77%), Quality Score 47/100, from 7 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 TC calculated?
We run TuanChe ADR through 7 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 $0.2800, 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 12.3 % above its aggregate fair value. TuanChe ADR 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 TuanChe (TC)?
The closing price on Oct 23, 2026 was $1.22. Our model-based fair value is $0.2800, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TuanChe ADR right now?
The price sits above even our optimistic bull case ($0.3500). 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 (47/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of TuanChe ADR
How large is the market capitalisation of TuanChe (TC)?
The market capitalisation of TuanChe ADR is $32.2M. 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 are the earnings per share of TuanChe (TC)?
Earnings per share at TuanChe ADR are $50.11 (price ÷ EPS = P/E 0.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of TuanChe (TC)?
The net margin of TuanChe ADR is 38.3% (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 TuanChe (TC)?
The return on equity (ROE) of TuanChe ADR is −1,085% (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 TuanChe (TC)?
On an EBIT basis the return on assets of TuanChe ADR is −81.3% (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 TuanChe (TC)?
The operating margin of TuanChe ADR is −582% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TuanChe (TC)?
Revenue at TuanChe ADR is growing −38.8% versus a year earlier (3y avg −68.4%). 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 TuanChe (TC) generate?
The free cash flow of TuanChe ADR is −172M 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 TuanChe (TC) carry?
The net debt of TuanChe ADR is 5.2M CNY (fiscal year 2025). 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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Thin data
Oct 25, 2026