Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Sales comps, Analyst consensus, and Net cash floor.
ACCE opinionWeRide Inc. American Depositary Shares (WRD)
Fair value
Not available
ACCE price target
$4.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Price used: $4.17 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus, Net cash floor, and Sales comps.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
33
out of 100
Analysts
100% buy
12 covering
P/E
0.0x
forward 0.0x
1-year return
-58.8%
Dividend yield
0.00%
WeRide Inc. American Depositary Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
WeRide builds autonomous driving software and hardware, including robotaxi, robobus, and robosweeper vehicles, and licenses its stack to fleet operators and OEMs. The structural case rests on being one of the few Chinese autonomous driving players with commercial driverless operations in several cities, including Guangzhou, Abu Dhabi, and Singapore, rather than only testing. Revenue grew 82.2% over the latest reported period, with a gross margin of 32.8%, but the operating margin of -182.0% and a return on equity of -25.7% show the business is still spending far ahead of its revenue. The next catalyst is scaling paid robotaxi rides in its overseas markets, where the margin trajectory will matter more than the top-line growth. At a 35/100 score and no index membership, this is a speculative name that warrants a deeper look only if you are underwriting a path to unit economics, not a growth story already in hand.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
severe
Free cash flow deeply negative
FCF is $-1,570,180,000 against a $1.4B market cap, while operating margin is -182.0%. The company is burning far more cash than its equity value.
high
Losses far outrun revenue
Net margin is -199.0% and operating margin is -182.0%. Earnings YoY is 0.0% and ROE is -25.7%, so profitability is not yet visible despite 82.2% revenue growth.
moderate
Trades above ACCE target
Price of $4.17 sits 4.2% above the ACCE price target of $4.00. Gap is small, but the score is 35/100 with Quality at 39 and Momentum at 17.
AI research notes
AI-assisted·How I use AIWritten Oct 23, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 82.2% over the past year, and has averaged 106.6% a year over five years.
The latest quarter beat expectations, with earnings per share of -0.18 against -0.74 expected.
Why it could disappoint
Net margin is -199.0%, so the company loses about two dollars for every dollar of revenue.
Free cash flow over the last 12 months was -CNY 1.6B, meaning the business is burning cash.
The diluted share count rose 11.9% last fiscal year, diluting existing shareholders' stakes.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 23, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where WRD's valuation models land
Price
$4.17
Model fair valueConfidence: low
about $5.92
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Analyst consensus
Net cash floor
Sales comps
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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