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China's largest online-to-offline platform for car maintenance, repair and tire/parts sales through franchised service centers.
China's largest online-to-offline platform for car maintenance, repair and tire/parts sales through franchised service centers.
Most revenue comes from selling tyres, oil and parts, both through its app to car owners and in bulk to its network of franchised workshops, which fit the products and use its supply chain and software; services and franchise fees are smaller.
In one line: A Chinese online auto-service platform.
Moat: narrow (network effects, scale, distribution). Largest online-to-offline car-service network with data and franchise scale advantages.
Headquarters: Shanghai, China · Founded: 2011 · Employees: 4,657
Size TUHU Car (9690.HK) is a Hong Kong Consumer Discretionary company (Specialty Stores) with a market value of $1.14B, the 568th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$11.78 on 6 Nov 2026.
Performance Over six months the shares fell 13.2%, against -3.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 15.9% over the last twelve months (peer median +4.7%); the operating margin is -0.1% (peer median 5.0%).
Valuation It trades at 21.3× forward earnings against a peer median of 14.6× (6th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about -18% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -30 pp: the price already allows for a slowdown.
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$19.4B | HK$17.9B | HK$16.0B | HK$15.0B | HK$13.4B |
| Revenue growth | — | +12% | +6% | +12% | — |
| Gross profit | HK$4.51B | HK$4.30B | HK$4.06B | HK$3.71B | HK$2.64B |
| EBITDA | HK$321M | HK$439M | HK$623M | HK$449M | -HK$644M |
| Net income | HK$334M | HK$456M | HK$525M | HK$7.41B | -HK$2.48B |
| Free cash flow | HK$779M | HK$1.06B | HK$1.09B | HK$1.26B | -HK$331M |
| Capital expenditure | HK$241M | HK$267M | HK$349M | HK$400M | HK$466M |
| Total debt | n/a | HK$317M | HK$332M | HK$402M | HK$24.8B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| TUHU Car 9690.HK | $1.14B | -13% | +16% | 0% | 21.3× | -17.8% |
| Zhongsheng Hldg 0881.HK | $656M | -70% | -5% | 0% | 7.6× | 48.7% |
| AutoZone AZO | $51.8B | -8% | +7% | 18% | 19.0× | -2.8% |
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.
| Measure | 9690.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.4% | +2.5% | 5th lowest of 21 |
| 6-month return | -13.2% | -3.0% | 9th lowest of 21 |
| Distance from 52-week high | -35.1% | -24.5% | 7th lowest of 21 |
| Revenue growth (TTM) | +15.9% | +4.7% | 6th highest of 21 |
| Operating margin | -0.1% | 5.0% | 2nd lowest of 20 |
| Forward P/E | 21.3× | 14.6× | 6th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | -17.8% | -0.9% | least demanding of 17 |
| Growth delivered (Del g) | +12.7% | +3.9% | 3rd highest of 17 |
| Hurdle (Req g minus delivered) | -30.4 pp | -5.5 pp | 2nd least demanding of 17 |
| Net debt / EBITDA | -18.1× | 1.9× | least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TUHU Car 9690.HK | Hong Kong | $1.14B | -13% | +16% | 0% | 21.3× | -17.8% | +12.7% |
| Chow Sang Sang Holdings International 0116.HK | Hong Kong | $1.13B | +7% | +16% | 20% | 3.1× | n/a | n/a |
| Bluestone Jewellery and Lifestyle BLUESTONE.NS | India | $1.15B | +41% | +38% | 9% | 132.9× | n/a | n/a |
| Sinomach Automobile 600335.SS | China | $1.16B | -14% | -11% | 2% | n/a | -10.9% | -4.2% |
| MarineMax HZO | United States | $1.16B | +21% | -6% | 2% | 32.8× | n/a | n/a |
| Apotea APOTEA.ST | Sweden | $1.11B | +42% | +9% | 4% | 37.2× | 7.9% | +9.4% |
| FIYTA Precision Technology 000026.SZ | China | $1.05B | +1% | +2% | n/a | 52.4× | 5.3% | -3.8% |
| Kidswant Digital Technology 301078.SZ | China | $1.24B | -25% | +5% | 5% | 21.8× | -0.6% | +4.2% |
| Nextage 3186.T | Japan | $1.25B | -26% | +24% | 4% | 11.2× | -0.1% | +22.0% |
| Pet Valu PET.TO | Canada | $1.03B | +6% | +6% | 16% | 13.0× | -3.5% | +12.6% |
| Chengdu Fusen Noble-House Industrial 002818.SZ | China | $1.26B | -8% | -22% | 42% | 11.2× | -2.7% | -1.0% |
| Rusta RUSTA.ST | Sweden | $1.28B | -17% | +8% | 8% | 18.7× | 2.5% | +7.3% |
| SILICON 2 257720.KS | South Korea | $1.30B | -39% | +55% | 19% | 7.2× | -14.8% | +62.2% |
| Douglas DOU.DE | Germany | $976M | -7% | +1% | 4% | 6.7× | -1.1% | +7.6% |
| Bilia BILI-A.ST | Sweden | $1.37B | +9% | +1% | 3% | 14.6× | 0.9% | +6.0% |
| Sun Art Retail 6808.HK | Hong Kong | $1.37B | -24% | -10% | 0% | n/a | 1.6% | -9.4% |
| CEWE Stiftung & Co. KGaA CWC.DE | Germany | $926M | +11% | +4% | 11% | 10.1× | -2.3% | +3.5% |
| P N Gadgil Jewellers PNGJL.NS | India | $919M | -17% | +51% | 6% | 15.9× | n/a | n/a |
| Itochu Enex 8133.T | Japan | $1.41B | +3% | +2% | 3% | n/a | -7.1% | +2.9% |
| National Vision EYE | United States | $1.42B | -22% | +8% | 4% | 16.3× | 15.6% | +3.0% |
| Leon's Furniture LNF.TO | Canada | $1.43B | +16% | 0% | 8% | 13.3× | -3.3% | +3.0% |