Fangdd Network Group Ltd logo

Fangdd Network Group Ltd(DUO)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$0.6
09/24/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for DUO

09/24/2026: DUO (1-star) is currently NOT-A-BUY. Pass it for now.

Fangdd Network Group Ltd is a technology-focused real estate platform in China that primarily serves property agents and developers. While the company has developed a scalable, agent-centric model, it faces stiff competition from dominant players like BEKE. The investment story centers on the company’s ability to survive the current downturn in the Chinese housing market and effectively pivot toward software-as-a-service revenue. Primary risks include heavy regulatory scrutiny, exposure to the volatile property market, and sustained operating losses. The stock may suit speculative investors who are closely monitoring the Chinese housing recovery, though it currently carries high risk and lacks dividend income for stability-seeking shareholders.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company's historical growth trajectory and current market challenges do not align with traditional growth investment criteria.
Momentum investorWeak fitThe stock lacks the consistent positive price momentum required for a momentum strategy.
Value investorMixed fitWhile the valuation is low, the business quality and profitability metrics present significant concerns for value-based capital preservation.
Dividend investorWeak fitThe company does not pay a dividend and has no history of income distribution.
Low-risk investorWeak fitHigh volatility and sensitivity to regulatory and sector-specific risks make this an unsuitable choice for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is subject to extreme price swings due to its small market capitalization and sensitivity to sector news.
Valuation riskHighUncertain future earnings potential makes it difficult to justify current or future valuations.
Competition risk (Real Estate Platform Competition)HighEstablished players like BEKE hold significant market advantages that constrain Fangdd's pricing power.
Business qualityMedium / highThe business model relies heavily on a cyclical industry with high regulatory and market sensitivity.
Dividend incomeLow / noneThere is no income component for investors in this security.
Execution riskHighSuccessfully pivoting the business model in a difficult Chinese real estate climate carries substantial execution risk.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -43.95%
Avg. Invested days 15
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/24/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
DUO receives a 2-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, soft company fundamentals, and weak price momentum.

Company Fundamentals

★★★★★
DUO has soft overall fundamentals (2 stars), with soft financial health, soft growth momentum, and moderate ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-367.3%), soft cash generation (FCF margin -23.6%), moderate revenue growth (+1.8%).

Financial Health Rating

★★★★★
DUO's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 22.9%). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is DUO's strongest growth driver at +11.2% FY2025 versus FY2024 (solid, 4 stars). By comparison, while earnings growth (-367.3%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 0.7% and approximately 100.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.31%, which materially reduces the ownership score.

Top 5 Institutional Investors

Barclays PLC 0.01%

Unit Economics (Per $1K Revenue)

★★★★★
DUO generates approximately $179 of gross profit, $-376 of operating income, and $-236 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 19.07%

Quantitative Style Profile

★★★★★
DUO has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 22.72M USD
Price to earnings Ratio -
1Y Target Price 8.02
Price to earnings Ratio -
1Y Target Price 8.02
Volume (30-day avg) 2.3M shares
Beta 1.3
52 Weeks Range 0.42 - 4.10
Updated Date 09/24/2026
52 Weeks Range 0.42 - 4.10
Updated Date 09/24/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.17

How Company Makes Money

Business areaWhat it includesRetail investor read
Marketplace ServicesCommission-based fees from facilitating residential and commercial property transactions.Revenue is earned when the company helps agents successfully close property deals.
SaaS and Technology ServicesSubscription and usage fees for software tools utilized by brokers and developers.Revenue is earned by selling digital tools that help agents work more efficiently.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 10.65M
Price to Sales(TTM) 0.09
Enterprise Value 10.65M
Price to Sales(TTM) 0.09
Enterprise Value to Revenue 0.27
Enterprise Value to EBITDA 0.07
Shares Outstanding 38.53M
Shares Floating 38.53M
Shares Outstanding 38.53M
Shares Floating 38.53M
Percent Insiders 0.31
Percent Institutions 0.71

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Fangdd Network Group Ltd

Exchange NASDAQ
Headquarters -
IPO Launch date 2019-11-01
Co-Founder, CEO & Chairman Mr. Xi Zeng
Sector Real Estate
Industry Real Estate Services
Full time employees 144
Full time employees 144

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platform in the People's Republic of China. The company operates Property Cloud, a software as a service solution for real estate sellers; and marketplace services. It also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides online and offline, and project-specific training and guidance services. In addition, it operates Fangduoduo that offers personalized services to potential real estate buyers; and provides information matching, asset management, and real estate agency services. It provides its services through its online platform. The company was founded in 2011 and is based in Shenzhen, the People's Republic of China.