NasdaqGM:DUO

Stock Analysis Report

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Executive Summary

Fangdd Network Group Ltd. operates as an online real estate marketplace in the People’s Republic of China.


Snowflake Analysis

Exceptional growth potential with excellent balance sheet.


Similar Companies

Share Price & News

How has Fangdd Network Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DUO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.0%

DUO

-0.07%

US Interactive Media and Services

2.5%

US Market


1 Year Return

n/a

DUO

22.7%

US Interactive Media and Services

8.4%

US Market

Return vs Industry: Insufficient data to determine how DUO performed against the US Interactive Media and Services industry.

Return vs Market: Insufficient data to determine how DUO performed against the US Market.


Shareholder returns

DUOIndustryMarket
7 Day1.0%-0.07%2.5%
30 Day-24.2%12.3%5.1%
90 Day-21.0%9.7%2.0%
1 Yearn/a22.8%22.7%10.9%8.4%
3 Yearn/a37.8%37.6%30.5%21.9%
5 Yearn/a125.8%125.1%56.9%39.2%

Price Volatility Vs. Market

How volatile is Fangdd Network Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fangdd Network Group undervalued compared to its fair value and its price relative to the market?

3.04x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DUO ($9.25) is trading above our estimate of fair value ($2.08)

Significantly Below Fair Value: DUO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DUO is unprofitable, so we can't compare its PE Ratio to the Interactive Media and Services industry average.

PE vs Market: DUO is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DUO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DUO is overvalued based on its PB Ratio (3x) compared to the US Interactive Media and Services industry average (2.2x).


Next Steps

Future Growth

How is Fangdd Network Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

127.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DUO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: DUO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: DUO's is expected to become profitable in the next 3 years.

Revenue vs Market: DUO's revenue (30.9% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: DUO's revenue (30.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DUO's Return on Equity is forecast to be high in 3 years time (28.4%)


Next Steps

Past Performance

How has Fangdd Network Group performed over the past 5 years?

-780.2%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: DUO is currently unprofitable.

Growing Profit Margin: DUO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if DUO's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare DUO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DUO is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (-16.7%).


Return on Equity

High ROE: DUO has a negative Return on Equity (-39.44%), as it is currently unprofitable.


Next Steps

Financial Health

How is Fangdd Network Group's financial position?


Financial Position Analysis

Short Term Liabilities: DUO's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥2.8B).

Long Term Liabilities: DUO's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥11.9M).


Debt to Equity History and Analysis

Debt Level: DUO's debt to equity ratio (30.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if DUO's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable DUO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: DUO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 92.4% per year.


Next Steps

Dividend

What is Fangdd Network Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DUO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DUO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DUO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DUO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DUO's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.2yrs

Average management tenure


CEO

Yi Duan (41yo)

0.17

Tenure

Mr. Yi Duan is Co-Founder of Fangdd Network Group Ltd and serves as its Chairman. Mr. Duan has been Co-Chief Executive Officer of Fangdd Network Group Ltd since March 2020 and served as its Chief Executive ...


Leadership Team

NamePositionTenureCompensationOwnership
Yi Duan
Co-Founder0.17yrno datano data
Xi Zeng
Co-Founderno datano datano data
Jiancheng Li
Co-Founderno datano datano data
Jiaorong Pan
Chief Financial Officer0.17yrno data1.6% CN¥10.8m
Li Xiao
VP & Director4.83yrsno datano data
Huaxin Wen
Financial Controllerno datano datano data

0.2yrs

Average Tenure

40yo

Average Age

Experienced Management: DUO's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Yi Duan
Co-Founder0.17yrno datano data
Xi Zeng
Co-Founderno datano datano data
Jiancheng Li
Co-Founderno datano datano data
Li Xiao
VP & Director4.83yrsno datano data
Zhe Wei
Independent Director5.92yrsno datano data
Weiru Chen
Independent Director0.50yrno datano data
Kar Ling Ng
Independent Director1.58yrsno datano data
Ronald Cao
Director5.92yrsno datano data

4.8yrs

Average Tenure

46.5yo

Average Age

Experienced Board: DUO's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: DUO only recently listed within the past 12 months.


Top Shareholders

Company Information

Fangdd Network Group Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fangdd Network Group Ltd.
  • Ticker: DUO
  • Exchange: NasdaqGM
  • Founded: 2011
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: US$674.606m
  • Shares outstanding: 72.93m
  • Website: https://www.fangdd.com

Number of Employees


Location

  • Fangdd Network Group Ltd.
  • Unit B2, Kexing Science Park
  • 18th Floor
  • Shenzhen
  • Guangdong Province
  • 518057
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DUONasdaqGM (Nasdaq Global Market)YesSPONSORED ADSUSUSDNov 2019

Biography

Fangdd Network Group Ltd. operates as an online real estate marketplace in the People’s Republic of China. The company operates fangdd.com, an agent-centric data-driven transaction platform that provides region-specific real estate news, information, property data, and access to shared-interest online communities, as well as offers transaction facilitation services and data analytic products. As of December 31, 2019, its marketplace had approximately 1,254,580 real estate agents. The company was founded in 2011 and is headquartered in Shenzhen, the People’s Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 04:55
End of Day Share Price2020/05/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.