Data sourced from SEC EDGAR 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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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
36Kr Holdings Inc. is a prominent player in the financial and business media industry, primarily focused on high-quality content and insightful analysis within the booming economic landscape of China. As a multimedia platform, it serves the entrepreneurial community by providing news coverage, data services, and comprehensive financial information. The company's operations impact several sectors, including technology, finance, and consumer goods, by offering in-depth reports and industry insights. Operating from its headquarters in Beijing, 36Kr Holdings leverages its robust digital platform to engage businesses and investors with actionable intelligence and strategic data analysis. Its significance in the market is underscored by its extensive network that connects start-ups with venture capitalists and industry mentors, thus fostering innovation and growth within the enterprise ecosystem. With an emphasis on transparency and accuracy, 36Kr Holdings Inc. plays a pivotal role in informing market participants and shaping investment decisions, making it a valuable resource for stakeholders navigating the complex and rapidly evolving Chinese economic environment. Through its unique blend of content and business services, 36Kr Holdings continues to influence the flow of information and capital across multiple industries.
¥2.59
¥0.33 (-11.45%)
EOD Jun 25, 2026 · Twelve Data
Operating margin is thin at 4.47%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 1.4% YoY. The question is whether this is cyclical or a structural shift.
At 64x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
64.0x earnings, 38.8x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥228M
▼ -1.4% YoY
Net Income (TTM)
¥11M
▲ +108.1% YoY
Op. Margin
4.47%
▲ +37.9pp YoY
ROIC
6.43%
▲ +33.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
¥19M
▲ +156.3% YoY
Op. Cash Flow (TTM)
¥19M
▲ +157.4% YoY
Net Debt
-¥65M
Net Cash Position
Cash & Equiv.
¥104M
3Y CAGR: -10.0%
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At a P/E of 64.0 and a price-to-free-cash-flow of 38.8, 36Kr Holdings (KRKR) trades below a two-stage DCF intrinsic value of about CNY 9.42 per share, so at CNY 2.59 the stock looks undervalued (263.8% 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, 36Kr Holdings scores 52/100 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 SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about CNY 9.42 per share for KRKR, 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 7.07. At today's CNY 2.59, that puts the stock about 263.8% 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.
36Kr Holdings scores 52 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 4.5% operating margin and a 6.4% 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 SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. KRKR currently trades below its estimated intrinsic value and scores 52/100 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 SEC filings, not investment advice.