Latest Ratios: P/E Ratio 1.3x · EV/EBITDA N/A · ROE 10.7%. (2016–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2M | $85M | $43M | $68M | $602M | $9.6B | $10.8B | — | — | — |
| Enterprise Value | $-8940514 | $12M | $-78137375 | $-1168427 | $245M | $9.2B | $10.2B | — | — | — |
| P/E Ratio → | 1.27 | 2.77 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.04 | 0.25 | 0.15 | 0.28 | 0.64 | 3.92 | 3.00 | — | — | — |
| P/B Ratio | 0.10 | 0.22 | 0.23 | 0.72 | 1.98 | 6.56 | 6.80 | — | — | — |
| P/FCF | — | — | — | — | — | — | 92.51 | — | — | — |
| P/OCF | — | — | — | — | — | — | 91.18 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.03 | -0.27 | -0.00 | 0.26 | 3.76 | 2.83 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | 87.25 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.2% | 18.2% | 14.5% | 10.1% | 11.3% | 16.9% | 21.0% | 20.9% | 21.2% | 15.5% |
| Operating Margin | -37.1% | -37.1% | -93.1% | -101.4% | -101.6% | -9.2% | -14.9% | 3.0% | -0.3% | -24.7% |
| Net Profit Margin | 9.1% | 9.1% | -32.2% | -99.2% | -124.3% | -9.0% | -14.2% | 4.6% | 0.0% | -22.5% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.7% | 10.7% | -64.0% | -122.3% | -132.4% | -14.5% | -32.1% | — | — | — |
| ROA | 4.1% | 4.1% | -9.9% | -16.3% | -39.3% | -5.3% | -14.1% | 3.6% | 0.0% | -17.6% |
| ROIC | -49.7% | -49.7% | -414.8% | -719.5% | -141.8% | -16.6% | -41.3% | — | — | — |
| ROCE | -40.2% | -40.2% | -152.8% | -108.6% | -105.1% | -14.6% | -43.1% | 8.4% | -0.6% | -45.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.78 | 0.44 | 0.30 | 0.31 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | 4.72 | 25.93 | — |
| Net Debt / Equity | — | -0.19 | -0.63 | -0.73 | -1.18 | -0.27 | -0.39 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | -0.58 | 3.50 | — |
| Debt / FCF | — | — | — | — | — | — | -5.25 | -0.40 | — | — |
| Interest Coverage | — | — | -151.97 | -44.16 | -115.10 | -14.91 | -57.11 | 98.01 | 1.23 | — |
Net cash position: cash ($75M) exceeds total debt ($1M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.68 | 1.68 | 1.12 | 0.90 | 1.03 | 1.36 | 1.35 | 1.22 | 1.30 | 1.61 |
| Quick Ratio | 1.66 | 1.66 | 1.09 | 0.89 | 1.03 | 1.36 | 2.39 | 1.22 | 1.30 | 1.61 |
| Cash Ratio | 0.58 | 0.58 | 0.25 | 0.15 | 0.32 | 0.33 | 0.40 | 0.26 | 0.29 | 1.21 |
| Asset Turnover | — | 0.46 | 0.37 | 0.23 | 0.49 | 0.61 | 0.82 | 0.79 | 0.63 | 0.78 |
| Inventory Turnover | 51.55 | 51.55 | 19.50 | 19.83 | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 79.0% | 36.1% | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | 1.1% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $9M | $4M | $369533 | $359551 | $354374 | $193409 | $168129 | $168129 | $168129 |
Developer insolvency and liquidity
According to recent market data, DUO trades at a P/S ratio of 0.04, a valuation level that suggests investors are pricing the equity as a distressed option on sector recovery rather than a viable, long-term operating business with sustainable growth prospects.
The extremely low P/S multiple indicates that the market assigns negligible value to the company's revenue stream, likely due to the high risk of developer defaults and the lack of a clear path to profitability. This valuation implies that the market views the current revenue base as transitory and highly vulnerable to further contraction in the Chinese property market.
Based on historical financial statements, DUO has consistently generated negative ROIC, with figures reaching -7.5% in 2025Q2, indicating that the company has failed to achieve the necessary returns to cover its cost of capital throughout its recent operational history.
The inability to generate positive returns on invested capital suggests that the company's business model is structurally flawed, as it cannot convert its platform investments into meaningful earnings. Investors should monitor whether management can pivot toward a less capital-intensive model, as the current trend points toward continued erosion of shareholder value.
As reported in recent filings, the company's DSO has remained elevated at 149 days in 2025Q2, reflecting significant challenges in collecting commissions from property developers who are currently facing severe liquidity constraints and credit risk.
The extended collection cycle highlights a structural weakness in the company's ability to convert booked revenue into actual cash, which is critical for a business with high variable commission costs. This inefficiency forces the company to rely on its dwindling cash reserves to fund operations, further exacerbating the risk of a liquidity shortfall.
Based on the most recent quarterly data, DUO maintains a current ratio of 1.66, yet this liquidity position appears fragile when contrasted with the company's persistent operating losses and the high risk of non-payment from its primary developer clients.
While the current ratio suggests a superficial level of liquidity, the quality of these assets is questionable given the high concentration of accounts receivable from distressed developers. The company's reliance on its $75.3M cash pile to sustain operations warrants close monitoring, as any further deterioration in the property sector could rapidly exhaust this remaining buffer.
Analysts frequently misapply the P/S ratio to DUO, failing to account for the fact that a significant portion of reported revenue may be uncollectible due to the ongoing insolvency crisis among Chinese property developers.
Using P/S as a primary valuation metric obscures the underlying quality of earnings and the high probability of future write-offs. A more appropriate approach would be to value the company based on its cash-generating capacity or its net asset value, adjusted for the high risk of credit losses within its accounts receivable portfolio.
Includes 30+ ratios · 9 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying DUO stock.
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