Token Cat Limited(TC)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$0.83
11/06/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for TC

11/06/2026: TC (1-star) is currently NOT-A-BUY. Pass it for now.

TuanChe ADR is a China-based operator of an automotive marketplace that historically provided offline-to-online marketing services. While the company once built a niche through regional car-show marketing events, it now faces significant challenges from dominant digital-first competitors. Its current strategy involves a high-risk pivot toward electric vehicle services and manufacturing to seek new growth avenues. However, consistent operating losses and a competitive environment remain primary concerns for potential investors. Given the company's financial instability and pivot to capital-intensive manufacturing, it is likely best suited only for speculative investors willing to monitor the progress of its EV manufacturing initiatives closely.

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 history of revenue contraction and losses makes it an unsuitable candidate for growth-oriented portfolios.
Momentum investorWeak fitThe stock has historically lacked sustained positive price momentum.
Value investorWeak fitDespite low price multiples, the underlying business quality and financial trajectory suggest a value trap rather than a value play.
Dividend investorWeak fitThe company does not pay dividends and shows no current capacity to initiate a payout.
Low-risk investorWeak fitExtreme price volatility and business uncertainty make this a poor choice for low-risk investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is prone to sharp, unpredictable swings often unrelated to fundamental value.
Valuation riskMedium / highUncertain future earnings potential makes it difficult to justify current valuations.
Competition risk (Digital Automotive Portals)HighThe company struggles to retain market share against larger, well-funded competitors.
Business qualityLowPersistent operating losses indicate a weak long-term competitive franchise.
Dividend incomeLow / noneNo history of dividends exists and none are expected.
Execution riskHighThe pivot into electric vehicle production requires capital and expertise the company lacks.

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 -60.61%
Avg. Invested days 21
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 11/06/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
TC receives a 2-star rating, reflecting soft or weak scores across the available pillars. The rating is constrained by weak unit economics, soft company fundamentals, and soft analyst coverage.

Company Fundamentals

★★★★★
TC has soft overall fundamentals (2 stars), with soft financial health, soft growth momentum, and moderate ownership. In FY2025 versus FY2024, strong earnings growth (+101.2%) and strong profitability (net margin 38.3%) are partially offset by weak cash generation (FCF margin -2979.1%), negative revenue growth (-88.3%), very low insider ownership of 0.00%.

Financial Health Rating

★★★★★
TC's financial health is soft, with the relatively strongest area being moderate liquidity, including working-capital and asset support (WC/assets 90.6%). Operating efficiency is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is TC's strongest growth driver at +101.2% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (-88.3%, negative) and free-cash-flow growth (-393.8%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 0.1% (soft) and 82.5% of outstanding shares are publicly tradable (strong). Insider ownership is only 0.00%, which materially reduces the ownership score.

Top 5 Institutional Investors

Caitong International Asset Management Co., Limited. 0.00%
Morgan Stanley - Brokerage Accounts 0.00%
Sabby Management LLC 0.00%
Wells Fargo & Co 0.00%
UBS Group AG 0.00%

Unit Economics (Per $1K Revenue)

★★★★★
TC generates approximately $28 of gross profit, $-5,823 of operating income, and $-29,791 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
TC has a liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedSmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 21.80M USD
Price to earnings Ratio 0.02
1Y Target Price 89.8
Price to earnings Ratio 0.02
1Y Target Price 89.8
Volume (30-day avg) 1.6M shares
Beta 0.91
52 Weeks Range 0.80 - 19.66
Updated Date 11/07/2026
52 Weeks Range 0.80 - 19.66
Updated Date 11/07/2026
Dividends yield (FY) -
Basic EPS (TTM) 46.65

How Company Makes Money

Business areaWhat it includesRetail investor read
Marketing ServicesOffline car shows and lead generation events for automakers.Revenue is largely earned by acting as a middleman between car brands and buyers.
Digital ServicesOnline platform subscriptions and sales data services for dealers.The company sells software and data tools to help dealers find and manage customers.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Valuation

Trailing PE 0.02
Forward PE -
Enterprise Value 19.21M
Price to Sales(TTM) 0.86
Enterprise Value 19.21M
Price to Sales(TTM) 0.86
Enterprise Value to Revenue 5.21
Enterprise Value to EBITDA -0.14
Shares Outstanding 26.41M
Shares Floating 21.80M
Shares Outstanding 26.41M
Shares Floating 21.80M
Percent Insiders -
Percent Institutions 0.05

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.

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