WeRide Inc. (WRD)
UndervaluedFundamental
61
Price
$4.81
Market Cap
$1.63B
Part 1 · What the company is worth
Overview
WeRide Inc., an investment holding company, provides autonomous driving products and solutions for mobility, logistics, and sanitation industries in the People's Republic of China and Europe. Its product categories include robotaxis, robobus, robovan, and robosweeper. The company also offers advanced driver-assistance system solutions; intelligent data services; and WeRide Go app, an online ride-hailing platform. It has a strategic alliance with ELEVATE Slovakia to launch autonomous driving programs in Slovekia. WeRide Inc. was incorporated in 2017 and is headquartered in Guangzhou, the People's Republic of China.
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Direct competitors
Who this company fights with for the same customers
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Balance Sheet & Liquidity
Revenue
$531M
Trailing 12 months (through 12/31/2018)
Net Income
$345M
Trailing 12 months (through 12/31/2018)
Free Cash Flow
-
Total Equity
$910M
Total Liabilities
$616M
Current Ratio
1.84
Interest Coverage
-
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$11.41
Current Price
$4.81
Margin of Safety
+57.8%
Fair Value Range
$7.48 - $15.34
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
1.87
ROE
-25.7%
P/B Ratio
0.85
P/FCF
-
Gross Margin
32.8%
ROIC
8.9%
Profitability Radar
Value Creation (Economic Moat)
ROIC
8.9%
WACC
10.3%
ROIC − WACC
-1.4 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (12)
- ROIC 8.9%
- Gross margin 32.8%
- P/B ratio 0.85
- Debt/equity ratio
- Operating margin 37.1%
- Current ratio
- Return on tangible assets
- Low reliance on intangibles
- Price below Graham Number
- Analyst consensus: 94% buy
- Earnings quality (operating cash flow / net income) 0.83
- Net margin trend 65.0% vs 61.2%
Failed (5)
- Price CAGR -35.79%
- DCF valuation (Unknown)
- ROE -23.9%
- Earnings surprise, average -128.4%
- Piotroski F-Score 0/9
Unavailable (10)
- EPS data insufficient
- P/FCF –
- Dividend payout –
- Positive free cash flow
- CapEx intensity
- Interest coverage
- Debt/EBITDA
- Revenue growth 5Y (Finnhub)
- PEG ratio (needs P/E > 0 and growth > 0)
- Share dilution (missing share count)
Piotroski F-Score
Serious financial concerns
Earnings Quality
Moderate: some gap between profits and cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Dr. Xu Han | Founder, Chairman & CEO | 48 |
| Dr. Yan Li | Co-Founder, Executive Director & CTO | 49 |
| Ms. Xuan Li | CFO & Head of International | 35 |
| Dr. Hua Zhong | Senior Vice President | 49 |
| Ms. Liang Wang | Joint Company Secretary | - |
| Ms. Anne Yu | Joint Company Secretary | - |
| Dr. Qingxiong Yang | Vice President | 42 |
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for WRD, sourced from Markets Gazette.