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Token Cat Limited
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$3M
Market Cap
—
P/E
—
PEG
-87.7%
ROCE
N/M
ROE
0.05
D/E
-582.4%
OPM
7
α RS
🌏 Global Investor Returns
Currency-adjusted total returns for TC including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

Token Cat Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in the People’s Republic of China.

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📈 Growth Pattern
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 Prepared Remarks 2026-08-06
Q2 2026 saw revenue and gross profit growth year-over-year and sequentially, with Ting delivering significant operating improvement and positive adjusted EBITDA for the first time. Domains remained stable, while Wavelo faced subscriber moderation. Strategic actions improved financial flexibility.
Q1 2026 Q1 2026 (Q&A) 2026-05-20
Increased investment in Wavelo aligns with a shift to a capital-light, recurring revenue model. Ting is being positioned for transition, while domains growth depends on scale and liquidity. Syndicated debt has been reduced, with renewal discussions ongoing.
Q4 2025 Q4 2025 (Q&A) 2026-02-25
Ting asset sale is ongoing with no delays, while Wavelo's 2026 adjusted EBITDA margin is forecasted to decline due to potential fee reductions and annualized investments. Liquidity remains strong at $20.9 million, with a focus on deleveraging and prudent capital allocation.
Q3 2025 Q3 2025 (Q&A) 2025-11-25
Q3 featured a leadership transition and ongoing Ting divestiture, with a focus on operational discipline and preparing for reinvestment. 2026 guidance for core businesses will be shared in Q4, and risk factors remain as outlined in SEC filings.
Q2 2025 Q2 2025 (Q&A) 2025-08-07
Secured registry contracts with NIXI and Radix are set to boost gross margin in the wholesale segment, while most non-core Ting assets have been sold. The company remains focused on balance sheet strength and is well positioned for upcoming gTLD opportunities.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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