WEBUY GLOBAL LTD. Class A Ordinary Shares (WBUY) fair value

ACCE thesis

WeBuy Global sells used cars and car-related services online, mainly buying vehicles from consumers and reselling them, a business model that puts it squarely in internet retail. Revenue grew 94.4%, which is the strongest thing in the data, but the business is losing money at the operating line (-28.1% operating margin) on a 12.8% gross margin, and ROE of -143.9% shows the equity base is being eroded quickly. The stock trades at a 0.3 trailing P/E and a market cap of about $4M, with no index membership, so this is a micro-cap where thin float and liquidity risk matter as much as the operating picture. Growth alone is not a thesis here; the question for a deeper look is whether revenue growth is converting into any path to positive operating margin and whether the balance sheet can fund that path. The composite score of 38/100 reflects that weakness, and it warrants a look only if the cash runway and gross margin trajectory check out.