Smart Share Global Limited American Depositary Shares (EM)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Mr. Market is offering Smart Share Global at $1.20 as of the 2026-05-15 close, a $299.2M market cap. The company rents portable power banks in China through venues such as restaurants, hotels, and transit hubs, and also sells advertising and merchandise. In the latest reported quarter, fiscal Q4 2024, revenue was $543.5M but net income was -$27.8M, a -5.12% margin. That tells me the business has scale but not pricing power or cost discipline yet. The FairStock P/B is 0.78, so the price is below stated book value. FairStock also reports P/E -119.50, ROE -0.50%, ROCE -1.04%, and D/E 0.00. The clean balance sheet is a real positive; debt will not force the issue. But Altman Z-Score of -2.14, Piotroski F-Score of 4/9, and a FairStock Score of 45/100 point to weak financial quality. A durable moat? I see none supported by the numbers. Charging cabinets are physical, capital-intensive, and often placed with partners who can switch providers. Advertising and merchandise could add value but are unproven. Growth data is not available in the supplied figures, and FairStock assigns no Lynch category because it needs three years of filed results and has zero. At 0.78 times book, the stock looks cheap on assets, but with continuing losses, negative returns on equity and capital, and a distressed Altman score, this is a Graham-style asset gamble, not a high-quality compounder. I would want evidence of sustainable profit before calling the cheapness real.

In plain English: Smart Share Global runs portable phone-charging stations in shops, restaurants, hotels and other places in China, and also sells advertising and merchandise. The business is currently losing money and earns negative returns, though it carries no debt. At $1.20, the price is below the company's accounting net assets, so it looks cheap on assets, but the losses make that cheapness uncertain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-05-15 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer