Here Group Limited American Depositary Shares (HERE)

FairStock Score: 55/100 — STEADY

Key Financials

AI Analysis

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

I approach Here Group as a possible cigar butt, not a wonderful business. It sells collectible pop toys in China, a faddish consumer niche where hits can vanish. In the latest filed quarter, fiscal Q1 2026, revenue was $164.7M and net income was -$34.1M, a -20.72% margin. The data also point to sharply negative revenue and profit growth. The FairStock return metrics are poor: ROE is 2.43%, ROCE is 0.49%, and the Piotroski F-score is 3/9. Debt is low with D/E of 0.04, but an Altman Z-score of 1.06 signals distress risk. Valuation is the only real attraction. At the 2026-10-13 close of $1.63, the FairStock-calculated P/E is 2.40, P/B is 0.73, and the Graham Number is $8.64, implying an 81.13% margin of safety. Those figures lean on trailing profitability that the latest quarterly loss calls into question. The FairStock score is 55/100, and the Lynch category is none because only 0 years of filed results exist versus the 3 needed. I see no durable moat in the data. Pop toys depend on fads, product hits, and repeat purchases, none of which are proven here. The low debt buys time, but negative profit growth, a 52-week range of $1.50 to $7.95, and no dividend mean the cheapness is not yet earned by stable earning power. A low price is not the same as a bargain if the earnings base is melting.

In plain English: The company designs and sells pop toys in China. Its latest reported quarter showed a loss and much weaker sales, so the business looks weak. The share price is very low compared with its recent profit and assets, but the weak results make that cheapness uncertain.

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

Data as of 2026-10-13 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