Smart Share Global ADR (EM) AI Stock Analysis

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Smart Share Global ADR

(NASDAQ:EM)

64Neutral

Smart Share Global ADR is in recovery mode with improving financial fundamentals, but it faces challenges in growth and profitability margins. Technical indicators suggest neutral to slightly bearish momentum. The valuation is moderate, but the lack of dividend yield may be a downside for some investors. No new corporate events or earnings call insights were available to provide additional impact.

Smart Share Global ADR (EM) vs. S&P 500 (SPY)

Market Cap

$278.84M

Dividend YieldN/A

Average Volume (3M)224.41K

Price to Earnings (P/E)129.3

Beta (1Y)0.38

Revenue Growth-42.36%

EPS GrowthN/A

CountryUS

Employees3,198

SectorConsumer Cyclical

Sector Strength60

IndustryPersonal Products & Services

Share Statistics

EPS (TTM)<0.01

Shares Outstanding221,202,700

10 Day Avg. Volume140,100

30 Day Avg. Volume224,413

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)0.71

Price to Cash Flow (P/CF)N/A

P/FCF Ratio0.00

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

Smart Share Global ADR Business Overview & Revenue Model

Company DescriptionSmart Share Global ADR (EM) is a leading service provider in China's technology sector, primarily focusing on mobile device charging solutions. The company operates an extensive network of power bank rental stations, allowing users to rent and return power banks conveniently across various locations, including shopping malls, restaurants, and transportation hubs. By leveraging technology and a vast network of partners, Smart Share Global aims to provide accessible and reliable charging services to meet the growing demands of mobile device users.

How the Company Makes MoneySmart Share Global makes money through a rental-based revenue model. The company generates income by charging users a fee for renting power banks from its widespread network of charging stations. Customers typically pay a small fee per hour or per day, depending on the location and duration of the rental. Additionally, Smart Share Global may engage in partnerships with businesses and venues to install power bank stations, which can include revenue-sharing agreements or leasing arrangements. These partnerships help expand the company's reach and contribute to its revenue growth. The company also benefits from strategic collaborations with mobile app platforms to enhance user engagement and streamline the rental process.

Smart Share Global ADR Financial Statement Overview

Summary

Smart Share Global ADR shows signs of recovery with improving profitability and strong balance sheet fundamentals, but faces challenges in revenue growth and maintaining consistent profitability margins.

Income Statement

Neutral

The company shows a moderate improvement in its financial performance with a return to net profitability in 2023. Gross profit margin remains healthy, but EBIT and EBITDA margins have been volatile and remain a concern. Revenue growth from 2022 to 2023 is modest, indicating a need for more robust growth strategies.

Balance Sheet

Positive

Smart Share Global ADR maintains a strong equity position with a healthy equity ratio of 62.2% in 2023. The debt-to-equity ratio is low, indicating minimal financial leverage risk. However, there is a decline in stockholders' equity from 2021, suggesting potential risks in maintaining equity levels.

Cash Flow

Positive

The company has strong operating cash flow relative to net income, indicating efficient cash generation from operations. Free cash flow has declined from the previous year, but the company remains in a positive cash flow position, suggesting adequate liquidity management.

TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Breakdown
Income Statement		Total Revenue
3.07B	2.96B	2.84B	3.59B	2.81B	2.02B
	Gross Profit
1.92B	1.75B	2.28B	3.03B	2.38B	1.73B
	EBIT
-202.14M	-1.06M	-621.25M	-109.00M	131.83M	232.06M
	EBITDA
63.46M	388.29M	-116.42M	310.34M	478.00M	433.56M
	Net Income Common Stockholders
-218.40M	87.74M	-711.24M	234.43M	75.43M	166.61M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.04B	3.13B	3.04B	2.72B	1.42B	594.07M
	Total Assets
4.29B	4.43B	4.29B	4.40B	2.79B	2.03B
	Total Debt
10.62M	15.04M	10.62M	551.75M	24.50M	191.00M
	Net Debt
-938.16M	-573.60M	-938.16M	-745.17M	-1.23B	-82.61M
	Total Liabilities
1.65B	1.67B	1.65B	1.17B	1.09B	1.15B
	Stockholders Equity
2.64B	2.75B	2.64B	3.23B	1.70B	874.42M
Cash Flow		Free Cash Flow
0.00	234.49M	265.26M	-245.61M	119.20M	-136.17M
	Operating Cash Flow
0.00	416.50M	708.14M	226.78M	536.12M	444.04M
	Investing Cash Flow
0.00	-598.53M	-1.02B	-1.71B	-261.49M	-868.30M
	Financing Cash Flow
0.00	-27.96M	-78.45M	1.56B	654.57M	579.67M

Smart Share Global ADR Technical Analysis

Technical Analysis Sentiment

Negative

Last Price1.06

Price Trends

50DMA

1.13

Negative

100DMA

0.97

Positive

200DMA

0.85

Positive

Market Momentum

MACD

<0.01

Positive

RSI

59.93

Neutral

STOCH

83.33

Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EM, the sentiment is Negative. The current price of 1.06 is below the 20-day moving average (MA) of 1.12, below the 50-day MA of 1.13, and above the 200-day MA of 0.85, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 59.93 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EM.

Smart Share Global ADR Peers Comparison

Overall Rating

UnderperformOutperform

Sector (59)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EM	64 Neutral	$278.84M	129.27	0.57%	―	-42.36%	―
Sector *	59 Neutral	$10.97B	9.83	-1.56%	4.06%	1.31%	-16.49%
BLNK	49 Neutral	$83.99M	―	-69.69%	―	-10.24%	37.82%
EVGO	48 Neutral	$787.25M	―	19.14%	―	59.57%	14.59%
BEEM	45 Neutral	$25.56M	―	-24.26%	―	10.25%	52.91%
CHPT	43 Neutral	$268.69M	―	-121.64%	―	-17.68%	46.68%
WKHS	38 Underperform	$6.36M	―	-159.80%	―	-49.47%	54.99%

* Consumer Cyclical Sector Average

Performance Comparison

Smart Share Global ADR

1.07

0.44

69.84%

BLNK

Blink Charging Co

0.76

-1.77

-69.96%

WKHS

Workhorse Group

1.21

-50.07

-97.64%

BEEM

Beam Global

1.52

-4.12

-73.05%

CHPT

ChargePoint Holdings

0.54

-1.12

-67.47%

EVGO

EVgo

2.41

0.33

15.87%

Smart Share Global ADR Earnings Call Summary

Earnings Call Date: Mar 7, 2025 | % Change Since: -6.19% | Next Earnings Date: May 14, 2025

Earnings Call Sentiment Neutral

The earnings call highlighted several achievements, such as a return to GAAP profitability, expansion in lower-tier cities, and growth in registered users and network partners. However, these were offset by significant revenue decline, challenges in the core business, and uncertain market conditions. The sentiment is mixed due to balanced highlights and lowlights.

Highlights

Return to GAAP Profitability

Energy Monster returned to GAAP profitability with a net income of RMB 9 million in Q2 2024, marking a significant milestone in their financial performance.

Expansion in Lower-Tier Cities

POI count in third and lower-tier cities increased by more than 20% year-over-year, driving network expansion and diversification.

Record High POI Coverage

The company reached a record high of 1.27 million POIs, enhancing service availability across a wider geographic region.

Growth in Registered Users

Energy Monster's user base grew to over 417.1 million cumulative registered users, an increase of 12.8 million users in the second quarter.

Substantial Increase in Network Partners

The number of network partners increased to over 12,000, a growth of more than 1,000 since the end of Q1 2024 and around 3,700 year-over-year.

Significant Growth in Other Revenue

Other revenues grew by over 400% year-over-year, driven by new business initiatives in renewable energy.

Lowlights

Revenue Decline

Revenues decreased by 55.3% year-over-year to RMB 422.9 million, mainly due to decreased POIs under the direct model and softness in consumer power.

Challenges in Core Business

The mobile device charging revenue from the direct model decreased by 60.7% year-over-year, reflecting challenges in consumer confidence and extreme weather conditions.

Operating Loss

The company reported a loss from operations of RMB 6.0 million for Q2 2024.

Uncertain Market Conditions

The market in the second quarter was challenging with no definitive trend of rebound, impacting visibility for the second half of 2024.

Company Guidance

During Energy Monster's Q2 2024 earnings call, the company highlighted several key performance metrics and strategic initiatives. Energy Monster returned to GAAP profitability with a net income of RMB 9 million and maintained non-GAAP profitability for the sixth consecutive quarter. The company reported a decrease in GMV due to a softer consumption environment, although month-on-month fluctuations were observed. The POI count in third and lower-tier cities increased by over 20% year-over-year, contributing to a record-high coverage of 1.27 million POIs. The user base grew to 417.1 million, with an addition of 12.8 million users. Financially, revenues were RMB 422.9 million, a 55.3% year-over-year decrease, primarily due to the transition to the network partner model, which now accounts for 89.2% of POIs. Other revenues surged by 453.7% year-over-year, driven by new business initiatives. Operationally, the network partner count rose by 41% year-over-year, enhancing distribution capabilities and market penetration. The company is focused on expanding its network partner model, optimizing POI performance, and exploring international markets to drive future growth.

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.