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WeRide Inc. Class A0800.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Information Technology›Packaged Software

Chinese autonomous-driving company developing robotaxis, robobuses and autonomous delivery/sanitation vehicles.

≈ China's Cruise/Waymo, with a broader vehicle-type portfolioMomentum laggard 12
Mkt cap
$1.33B
US dollars, full cap
Free float
6%
of shares outstanding
$/day
$1.53M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-99.0 pp
WACC 7.9%
Hurdle
n/a
no reverse DCF
Next earnings
26 days
2 Dec 2026
Close · HKDHK$10.58
1D-8.8%
1W-3.8%
1M-21.6%
3M-32.2%
6M-47.4%
YTD-54.0%
1Yn/a
ATR %6.5%
52w lowhigh59.3% off high

What WeRide does

Chinese autonomous-driving company developing robotaxis, robobuses and autonomous delivery/sanitation vehicles.

Is paid for self-driving systems in several ways: selling or leasing autonomous vehicles such as robobuses and street-sweepers to operators, fees for development and operating services, and a still-small share of passenger fares as robotaxis roll out with partners such as Uber. It is also listed on Nasdaq as an ADR.

In one line: China's Cruise/Waymo, with a broader vehicle-type portfolio.

Products and services

  • Robotaxi technology/service
  • Robobus
  • Autonomous delivery/sanitation vehicles

Customers

  • Ride-hailing platforms/passengers
  • Municipal transit operators
  • Logistics companies

Where it sits in the supply chain

  • Information Technology
  • Autonomous driving
  • Robotaxi, robobus & autonomous vehicles

What could go right

  • Robotaxi/autonomous transit commercialization

What could go wrong

  • Regulatory approval pace for driverless operation
  • High capital burn before profitability

Moat: narrow (IP / patents, data, process know-how). Multi-vehicle-type autonomous driving technology validated across pilot deployments in China and international markets (UAE, Singapore).

Headquarters: Guangzhou, China · Founded: 2017 · Employees: 3,801

Named competitors

WeRide at a glance

Size WeRide (0800.HK) is a Hong Kong Information Technology company (Packaged Software) with a market value of $1.33B, the 521st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$10.58 on 6 Nov 2026.

Performance Over six months the shares fell 47.4%, against +7.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 18 in its peer set.

Growth Revenue grew 109.1% over the last twelve months (peer median +9.4%); the operating margin is -220.9% (peer median 3.8%).

Valuation It trades at 5.3× enterprise value to sales against a peer median of 3.8× (7th most expensive of 21).

Capital Return on invested capital runs 99.0 points below its cost of capital (7.9% WACC).

Backlog Backlog (remaining performance obligations) was CN¥88.3M at 31 Dec 2024, down 67% on a year earlier — 0.2 years of trailing revenue. Backlog detail →

Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 1070800.HK 54
Six months, rebased to 100: WeRide against the median of its 20 peers (local-currency closes).

WeRide financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$927MHK$742MHK$392MHK$444MHK$613M
Revenue growth—+90%-12%-28%—
Gross profitHK$307MHK$224MHK$120MHK$203MHK$270M
EBITDAn/a-HK$1.83B-HK$2.28B-HK$1.65B-HK$828M
Net income-HK$1.85B-HK$1.79B-HK$2.73B-HK$2.19B-HK$1.51B
Free cash flown/a-HK$1.70B-HK$732M-HK$566M-HK$876M
Capital expendituren/aHK$269MHK$92.7MHK$40.8MHK$96.2M
Total debtHK$712MHK$423MHK$152MHK$9.07BHK$7.96B

Quarterly statements and history in the cockpit →

WeRide competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-25%0%+25%462870AMAGI9759VYX300768OPRABANDCHGIBTA000676ZENSARTECHLSPD300624CRSR3013820800.HK6-month return →1-month return →
Up and to the right = strong over both horizons. WeRide is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×5×10×15×46287096156727AMAGI9759VYX300768OPRABANDCHGLSPD3006241392PTEC3013820800.HKRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. WeRide is the large dot.

WeRide competitors and peer comparison

Head to head with its named competitors (0800.HK vs 2026.HK vs 9888.HK vs 6880.HK)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
WeRide 0800.HK$1.33B-47%+109%-221%5.3×n/a
Pony AI 2026.HK$1.93B-56%+67%-214%7.4×n/a
Bidu-sw 9888.HK$26.4B-43%-1%7%1.2×n/a
Momenta Global 6880.HK$4.02Bn/a+82%-32%28.1×n/a

How WeRide compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

WeRide against its 20 peers (data as of 6 Nov 2026)
Measure0800.HKPeer medianRank in peer set
1-month return-21.6%-0.4%5th lowest of 21
6-month return-47.4%+7.5%lowest of 18
Distance from 52-week high-59.3%-29.6%3rd lowest of 21
Revenue growth (TTM)+109.1%+9.4%highest of 21
Operating margin-220.9%3.8%lowest of 21
EV / Sales5.3×3.8×7th most expensive of 21
ROIC minus cost of capital-99.0 pp-8.9 pplowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
WeRide 0800.HKHong Kong$1.33B-47%+109%-221%5.3×n/an/a
SHIFT UP 462870.KSSouth Korea$1.33B-4%-12%56%5.2×-12.9%+59.7%
Mech-Mind Robotics Technologies 9615.HKHong Kong$1.34Bn/a+45%-41%32.5×n/an/a
Transwarp Technology (Shanghai) 6727.HKHong Kong$1.33Bn/a+32%-50%17.3×n/an/a
Amagi Media Labs AMAGI.NSIndia$1.32B+30%+30%3%8.3×n/an/a
NSD 9759.TJapan$1.32B+12%+10%16%1.5×-10.9%+12.2%
NCR Voyix VYXUnited States$1.35B+17%-5%7%1.0×n/an/a
Hangzhou DPTech Technology 300768.SZChina$1.35B-19%-3%5%5.2×34.9%+6.5%
Opera Limited Sponsored ADR OPRAUnited States$1.31B-21%+23%16%1.7×4.5%+30.1%
Bandwidth BANDUnited States$1.31B-19%+15%-1%1.9×19.3%+17.0%
Richinfo Technology 300634.SZChina$1.30B-15%-11%10%4.9×20.8%+19.9%
CHAPTERS CHG.DEGermany$1.30B+48%+63%-21%6.5×43.9%+178.6%
Ibotta IBTAUnited States$1.37B+19%+2%-3%3.5×-1.1%+17.6%
Genimous Technology 000676.SZChina$1.30B-7%+3%6%1.8×14.1%-17.5%
Zensar Technologies ZENSARTECH.NSIndia$1.37B+9%+9%14%1.7×13.4%+8.5%
Lightspeed Commerce LSPD.TOCanada$1.38B+9%+11%-9%0.8×13.5%+42.0%
Wondershare Technology 300624.SZChina$1.38B-25%-8%-12%6.5×n/an/a
Shenzhen HQVT Technology 1392.HKHong Kong$1.28Bn/a+28%5%13.3×n/an/a
Corsair Gaming CRSRUnited States$1.28B+63%+3%3%0.9×24.3%-2.9%
Playtech PTEC.LUnited Kingdom$1.39B+7%-54%0%1.4×-6.0%-7.4%
Fengzhushou 301382.SZChina$1.28B-32%+28%8%4.1×n/an/a

WeRide backlog

WeRide reported CN¥88.3M of remaining performance obligations at 31 Dec 2024, down 67% from a year earlier. That is 0.2 years of trailing revenue already under contract.

Questions

Who are WeRide's main competitors?
Named competitors: Pony.ai (2026.HK), Baidu (Apollo Go) (9888.HK), Momenta (6880.HK). The cockpit's measured peer set (industry) also includes SHIFT UP (462870.KS), Mech-Mind Robotics Technologies (9615.HK), Transwarp Technology (Shanghai) (6727.HK), Amagi Media Labs (AMAGI.NS), NSD (9759.T), NCR Voyix (VYX).
Is WeRide expensive compared with its peers?
On ev / sales it trades at 5.3× against a peer median of 3.8×, 7th most expensive of 21 in its peer set.
How has WeRide stock performed?
Over six months to 6 Nov 2026 the shares returned -47.4% against +7.5% for the median peer.
What is WeRide's backlog?
WeRide's remaining performance obligations (contracted revenue not yet recognised) were CN¥88.3M at 31 Dec 2024, -67% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.