36Kr Holdings Inc. (KRKR) intrinsic value & 10-year financials
36Kr Holdings Inc. (KRKR) has a Graham intrinsic value of CNY 0.23 per share. Over the last 10 fiscal years revenue grew 8.3% a year to CNY 227.9M, with an average return on invested capital of -35.1%.
- Graham intrinsic value
- CNY 0.23
- Revenue (FY2025)
- CNY 227.9M
- Revenue growth (10-yr CAGR)
- 8.3%
- ROIC (10-yr avg)
- -35.1%
- Free cash flow (FY2025)
- CNY 18.9M
KRKR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | CNY 227.9M | CNY 11.4M | CNY 0.01 | CNY 18.9M | 4.4% | 15.3% |
| FY2024 | CNY 231.1M | -CNY 140.8M | -CNY 0.13 | -CNY 33.4M | -33.7% | -47.1% |
| FY2023 | CNY 340.2M | -CNY 89.2M | -CNY 0.09 | -CNY 127.5M | -27.7% | -42.0% |
| FY2022 | CNY 322.5M | CNY 22.6M | CNY 0.02 | -CNY 6.1M | -13.8% | -21.2% |
| FY2021 | CNY 316.8M | -CNY 90.6M | -CNY 0.09 | CNY 193.2M | -29.7% | -35.2% |
| FY2020 | CNY 386.8M | -CNY 279.3M | -CNY 0.28 | -CNY 19.3M | -69.1% | -80.4% |
| FY2019 | CNY 655.6M | -CNY 25.9M | -CNY 2.31 | -CNY 163.6M | -3.5% | — |
| FY2018 | CNY 299.1M | CNY 40.5M | -CNY 0.28 | -CNY 62.0M | 15.2% | — |
| FY2017 | CNY 120.5M | CNY 7.9M | CNY 0.01 | -CNY 11.8M | 9.1% | — |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in CNY.
Executive summary
36Kr Holdings Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
36Kr Holdings Inc. has historically struggled to out-earn its cost of capital, averaging just -35.1% ROIC.
36Kr Holdings Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, 36Kr Holdings Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.23 per share.