WeRide Inc., an investment holding company, provides autonomous driving products and solutions for mobility, logistics, and sanitation industries in the People's Republic of China.
FAIL · Does not pass the screen
5.59 USD
At the last full screen 2026-09-15
Screened 2026-09-15 · the tape above runs as of 17:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
WeRide Inc. holds its Markdown at $5.59. Consolidating, no directional conviction, held for 120 days.
As held on the ledger · 2026-09-15
Phase
Markdown · caution
Quantitative state
Consolidating, no directional conviction, held for 120 days
Price at the screen
$5.59
Valuation
N/A trailing · -10.72 forward price to earnings
Values screen
FAIL· score 70.0
The Workings
Five Screens, Shown in Full
Does not pass. Accounts receivable
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
4.25%
Below 33%
Interest-bearing debt is just 4.2% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
4.99%
Below 33%
Cash held in interest-bearing accounts and securities is 5.0% of assets, under the one-third limit.
Pass
Receivables
79.77%
Below 49%
Money owed to the company is 79.8% of assets, above the 49% limit.
Fail
Revenue purity
25.17%
Below 5%
25.2% of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-15 screen. The gold marker is the market price at the same screen. A 100.0% margin of safety to the base estimate.
Third-party analyst targets: 11 covering, consensus Strong Buy. The average target sits +115% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-15 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Robotaxis race ahead but profits lag far behind
Picture a fleet of robotaxis gliding through Chinese cities while the company behind them burns cash at an alarming rate. WeRide shows 58% revenue growth and passes our ethical screen, yet its forward P/E of negative 12.8 times and profit margin of negative 228% tell a different story. With an opportunity rating of none, the business remains unproven despite analyst targets around 13 dollars.
The numbers reveal heavy losses, a negative 24% return on equity and an unknown moat in a crowded field. Even with a stated fair value implying 100% upside from the current 5.98 dollars, the absence of any positive rating keeps us on the sidelines. China exposure adds layers of regulatory and competitive uncertainty that outweigh the headline growth.
Risks centre on sustained cash burn and the long path to commercial scale in autonomous driving. Margins this negative signal execution challenges that could persist for years. Analysis, not advice.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; its business and earnings are exposed to China and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
WRD trades on Nasdaq (the company is based in China). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-17Markdown$5.59-11.3%Entry 5
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 11.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 32%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (12 analysts) rates it strong buy, with a mean price target of $14.
2026-08-18Markdown$6.30+2.1%Entry 4
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 2.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 32%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (12 analysts) rates it strong buy, with a mean price target of $14.
2026-07-18Markdown$6.17+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 32%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (12 analysts) rates it strong buy, with a mean price target of $14.
2026-07-03Markdown$6.17+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Markdown$6.17Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
