36Kr Holdings Inc. American Depositary Shares (KRKR)

FairStock Score: 32/100 — RISKY

Key Financials

AI Analysis

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

As a value investor, I want a business with durable competitive advantages, honest accounts, and a price that leaves a margin of safety. 36Kr is a Chinese content, advertising, and enterprise-services company with only 295 employees and a $7.2 million market capitalization as of the 2026-10-13 close. That is a microcap, and I see little evidence of a moat. The FairStock figures do show a 24.57% return on equity and a modest debt-to-equity ratio of 0.18, which is a positive. But return on capital employed is only 8.97%, and the Altman Z-Score of -9.07 is a severe distress signal. The Piotroski F-Score of 3/9 confirms weak financial strength by that checklist. At $3.04, the FairStock P/E is 27.64, so the stock is not statistically cheap on earnings, while P/B is 0.30, suggesting the market doubts the asset value. The Graham Number of $0.61 versus the $3.04 close gives a margin of safety of -398.36%, meaning the price is far above that conservative asset-and-earnings estimate. Revenue and profit growth are not available, and the Lynch category is none because there are only 0 years of filed results when 3 are needed. The 52-week range of $2.50 to $6.30 shows volatility. I would need several years of stable filings, improving financial strength, and a price closer to intrinsic value before this merits serious consideration.

In plain English: 36Kr Holdings provides content, advertising, and business services in China, mainly for technology and other industries. The company looks financially weak: it has warning signs around its safety and a very small market value. The share price looks expensive compared with its profits, though it is low compared with the company's net assets.

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