Cheche Group Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.
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~$1.6
Price-to-sales vs peers
Base case. Range ~$1.6–$14. Sales per share times peers' typical price-to-sales; used only when earnings are negative.
No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.
Cheche Group Inc. valuation: adjust assumptions and compare models →
Revenue for the twelve months was $419m, down 13.2% on a year earlier, against growth of 3.5% a quarter earlier. That puts it 57 of 63 for growth among the interactive media & services companies we cover. The diluted share count is up 5.8% on a year earlier, which dilutes existing holders. Our price-to-sales vs peers value is $1.53 a share, against a share price of $7.14.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Cheche Group Inc.'s trailing-twelve-month revenue fell 13.2% year on year, with a free-cash-flow margin of -1.3%. Where it stands out: stock pay as % of revenue of 0.8% ranks 5 of 61 interactive media & services companies we cover. Where it lags: change in growth rate of -16.7pp ranks 61 of 63 interactive media & services companies we cover.
Current signal Revenue growth decelerating: TTM revenue growth slowed to -13.2% (-16.7pp vs the prior quarter), the 3rd consecutive quarterly slowdown.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Nothing in Cheche Group Inc.'s latest figures clears our strength thresholds.
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Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for CCG from the sources we follow. See filings →
We value Cheche Group Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.08 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no positive earnings in the latest twelve months |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: the model gives no positive value |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | ~$1.6 ~$2.9–$14 | Included, half weight |
| Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$1.6 ~$1.6–$14 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Cheche Group Inc. with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
No analyst estimates are published for Cheche Group Inc.: too few analysts cover it.
Source: SEC EDGAR filings. Retrieved November 2, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY21 Q4 | $269M |
| FY22 Q4 | $398.9M |
| FY23 Q4 | $466.6M |
| FY24 Q4 | $482.7M |
| FY25 Q4 | $418.8M |
Source: SEC EDGAR filings. Retrieved November 2, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY22 Q4 | 48.3% |
| FY23 Q4 | 16.9% |
| FY24 Q4 | 3.5% |
| FY25 Q4 | -13.2% |
Source: SEC EDGAR filings. Retrieved November 2, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY21 Q4 | -9.0% |
| FY22 Q4 | -4.3% |
| FY23 Q4 | -5.1% |
| FY24 Q4 | -1.9% |
| FY25 Q4 | -0.7% |
Source: SEC EDGAR filings. Retrieved November 2, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY21 Q4 | -10.9% |
| FY22 Q4 | -6.0% |
| FY23 Q4 | -0.8% |
| FY24 Q4 | -3.3% |
| FY25 Q4 | -1.3% |
| Fiscal year | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|
| Income | |||||
| Revenue | 269 | 399 | 467 | 483 | 419 |
| Gross profit | 13 | 21 | 20 | 22 | 22 |
| EBITDA | −24 | −17 | −23 | −9 | −3 |
| Operating income | −24 | −17 | −24 | −9 | −3 |
| Net income | −23 | −14 | −23 | −9 | −2 |
| Diluted EPS | −$0.21 | −$1.31 | −$2.87 | −$0.11 | −$0.03 |
| Growth (year on year) | |||||
| Revenue | — | +48.3% | +16.9% | +3.5% | −13.2% |
| Margins | |||||
| Gross margin | 4.7% | 5.3% | 4.2% | 4.6% | 5.3% |
| EBITDA margin | −8.9% | −4.2% | −5.0% | −1.9% | −0.6% |
| Operating margin | −9.0% | −4.3% | −5.1% | −1.9% | −0.7% |
| Net margin | −8.4% | −3.4% | −4.8% | −1.8% | −0.6% |
| Free-cash-flow margin | −10.9% | −6.0% | −0.8% | −3.3% | −1.3% |
| Cash flow | |||||
| Cash from operations | −29 | −24 | −4 | −16 | −6 |
| Capital spending | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | −29 | −24 | −4 | −16 | −6 |
| Stock-based pay | 3 | 2 | 16 | 5 | 3 |
| Free cash flow after stock pay | −32 | −26 | −19 | −21 | −9 |
| Balance sheet | |||||
| Cash | 57 | 17 | 34 | 16 | 21 |
| Total debt | 0 | 0 | 3 | 4 | 14 |
| Net debt (negative = net cash) | −57 | −17 | −31 | −12 | −6 |
| Diluted shares | 34m | 32m | 45m | 78m | 83m |
| Last 12 months unless stated | CCG | SOGP | ZIP | ZH | TTGT | GRPN | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $419m | $432m | $452m | $383m | $485m | $497m | $615m |
| Revenue growth, last 12 months | −13.2% | 52.9% | 0.4% | −23.5% | 25.3% | 2.0% | 2.4% |
| Revenue growth, 3-year average | — | — | −17.0% | — | — | −2.9% | 5.0% |
| Revenue growth, latest quarter | — | — | 5.2% | — | −3.2% | −0.8% | 2.4% |
| Gross margin | 5.3% | 29.2% | 89.1% | 59.9% | 59.2% | 90.7% | 60.4% |
| Operating margin | −0.7% | 7.0% | 0.3% | −18.5% | −46.5% | 0.9% | 0.3% |
| Operating margin, 3-year average | — | −10.9% | 1.6% | — | −104.5% | 3.0% | −0.4% |
| Net margin | −0.6% | 7.3% | 6.2% | −7.0% | −36.8% | −25.3% | 3.8% |
| Cash from operations / revenue | −1.3% | 9.0% | 4.9% | −13.2% | 1.2% | 8.9% | 11.4% |
| Free-cash-flow margin | −1.3% | 8.9% | 4.7% | −13.3% | 0.7% | 6.0% | 7.5% |
| Free-cash-flow margin, 3-year average | — | −0.9% | 8.5% | — | — | 8.4% | 7.2% |
| Stock pay / revenue | 0.8% | 0.1% | 8.0% | 3.2% | 3.2% | 8.4% | 3.7% |
| Change in share count | 5.8% | −8.1% | −11.5% | −12.3% | 22.3% | 8.9% | 2.0% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | -13.2% | 2.4% | 57 of 63 |
| Change in growth rate Growth | -16.7pp | -0.2pp | 61 of 63 |
| Operating margin Profitability | -0.7% | 0.3% | 33 of 63 |
| Net margin Profitability | -0.6% | 3.8% | 36 of 63 |
| Stock pay as % of revenue Cash generation | 0.8% | 3.9% | 5 of 61 |
| Long-term debt as % of assets Balance sheet | 0.7% | 16.9% | 10 of 32 |
| Change in share count Balance sheet | 5.8% | 1.7% | 36 of 55 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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