BingEx Limited American Depositary Receipt
BingEx Limited American Depositary Receipt is an industrials-sector ADR representing shares of BingEx Limited, a Beijing-based logistics company focused on integrated freight and courier services. BingEx operates an on-demand dedicated courier platform under the FlashEx brand, serving both individual and business customers in China. Its services connect users with couriers through mobile apps, websites, mini-programs, and API-linked third-party systems, supporting time-sensitive delivery needs for retailers, restaurants, and logistics partners. The company’s business model centers on last-mile delivery coordination, service reliability, and delivery safety within the broader freight and logistics market. As an ADR, BingEx Limited American Depositary Receipt provides U.S. market exposure to the company’s operating business while reflecting its role in China’s growing digital logistics and courier services ecosystem.
$1.48
-$0.01 (-0.67%)
EOD Oct 21, 2026
Operating margin is thin at 1.16%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 10.7% YoY. The question is whether this is cyclical or a structural shift.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥3.88B
▼ -10.7% YoY
Net Income (TTM)
-¥10M
▲ +174.7% YoY
Op. Margin
0.91%
▲ +1.7pp YoY
ROIC
5.61%
▲ +10.4pp YoY
Cash Flow & Balance Sheet
FCF (FY)
¥99M
▲ +9336.6% YoY
Op. Cash Flow (FY)
¥99M
▲ +4562.3% YoY
Net Debt
-¥929M
Net Cash Position
Cash & Equiv.
¥951M
3Y CAGR: -0.1%
Continue Research
Is BingEx Limited American Depositary Receipt (FLX) overvalued?
BingEx Limited American Depositary Receipt (FLX) trades below a two-stage DCF intrinsic value of about CNY 88.22 per share, so at CNY 1.48 the stock looks undervalued (5,860.7% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, BingEx Limited American Depositary Receipt scores 55/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is BingEx Limited American Depositary Receipt's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about CNY 88.22 per share for FLX, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around CNY 66.16. At today's CNY 1.48, that puts the stock about 5,860.7% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is BingEx Limited American Depositary Receipt a high-quality business?+
BingEx Limited American Depositary Receipt scores 55 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 0.9% operating margin and a 5.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is BingEx Limited American Depositary Receipt a good stock to buy right now?+
That depends on valuation and quality together, not either alone. FLX currently trades below its estimated intrinsic value and scores 55/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Integrated Freight & Logistics
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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