Deep Value: cash covers more than 100% of the stock price

This company holds roughly $434M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Smart Share Global Limited

Personal Products & Services · Consumer Cyclical

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Dec 31, 2024

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

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Winston Score History

The full picture

Smart Share Global Limited, also known as Energy Monster, runs a phone-charging rental service in China. Customers borrow portable battery packs from small kiosks placed in restaurants, malls, hotels, and other public spots, then return them at any kiosk when done. The company is one of the largest shared power bank networks in China, with millions of charging units spread across hundreds of thousands of locations.

The company makes money by charging users a small hourly or daily rental fee through a mobile app. It operates almost entirely within China and generates a few hundred million dollars in annual revenue. Its competitive moat comes from the sheer size of its location network, which makes it more convenient than smaller rivals. However, the business faces real pressure from intense competition, thin margins, and the risk that improving built-in phone battery life could reduce demand for portable charging over time.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.7% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-320.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

39.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$2.9B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Smart Share Global Limited is a rare growth stock that's already generating positive cash flow while growing at 12%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

25.5%

Modest — 25.5% gross margin

Profit after running costs

Operating Margin

-7.3%

Losing money on operations — -7.3%

Return on the money invested

ROCE

-2.8%

Weak — -2.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-36.0%

Shrinking sales (-36.0% YoY)

Profit growth

EPS YoY

-115.7%

Earnings shrinking (-115.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

0.0%

Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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