Lichen International Limited Class A Ordinary Shares (LICN)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

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

At $1.02 on 2026-10-13, Lichen International has a $98 million market cap, a negative P/E of -0.25, and a price-to-book of 0.24. That low price-to-book is the only classic value signal I see: the market pays about a quarter of stated book value. But Graham taught me a discount to book matters only if the book is real and the business is not destroying it. Here, FairStock calculations show ROE of -29.82% and ROCE of -11.59%, so the company is losing money on shareholder capital. A Piotroski F-Score of 0/9 confirms weak fundamental momentum. The balance sheet looks lightly levered, with D/E of 0.01, and Altman Z of 12.57 suggests low bankruptcy risk on that measure. Still, 410 employees in Chinese financial/tax, education support, and software services do not reveal an obvious durable moat. Revenue and profit growth are not available, and the Lynch category is none because there are only 0 years of filed results, so I cannot underwrite a multi-year record. The 52-week range of $0.70 to $9.49 and beta of -1.09 signal extreme instability. FairStock Score is 46/100. Buffett would want consistent earning power and high returns on capital; this has neither today. I might watch the asset discount, but without a credible turnaround and reliable reporting, the cheapness is speculative.

In plain English: Lichen International sells financial and tax advice, education support, and software services in China. The business looks weak: it is losing money and has poor returns on the money invested in it. The share price is very low compared with its accounting value, but that may be because the company is struggling rather than because it is a bargain.

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