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CaoCao Valuation Multiples

Discover revenue and EBITDA valuation multiples for CaoCao and similar public comparables like Via Transportation, BiNBiN, Goto Gojek Tokopedia, Socar and more.

CaoCao Overview

About CaoCao

CaoCao Inc is a ride hailing platform in China.


Founded

2021

HQ

China

Employees

999

Financials (LTM)

Revenue: $3B
EBITDA: $77M

EV

$3B

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CaoCao Financials

CaoCao reported last 12-month revenue of $3B and EBITDA of $77M.

In the same LTM period, CaoCao generated $314M in gross profit, $77M in EBITDA, and had net loss of ($62M).

Revenue (LTM)


CaoCao P&L

In the most recent fiscal year, CaoCao reported revenue of $3B and EBITDA of $54M.

CaoCao is unprofitable as of last fiscal year, with gross margin of 9%, EBITDA margin of 2%, and net margin of (3%).

See analyst estimates for CaoCao
LTMLast FY202320242025202620272028
Revenue$3B$3B$2B$2B$3B
Gross Profit$314M$277M$90M$174M$277M
Gross Margin10%9%6%8%9%
EBITDA$77M$54M($130M)($19M)$52M
EBITDA Margin2%2%(8%)(1%)2%
EBIT Margin(2%)18%(15%)(6%)18%
Net Profit($62M)($89M)($281M)($183M)($93M)
Net Margin(2%)(3%)(18%)(9%)(3%)
Net Debt—$883M———

Financial data powered by Morningstar, Inc.

CaoCao Stock Performance

CaoCao has current market cap of $2B, and enterprise value of $3B.

Market Cap Evolution


CaoCao's stock price is $3.05.

CaoCao share price increased by 1.0% in the last 30 days.

CaoCao has an EPS (earnings per share) of $-0.15.

See more trading valuation data for CaoCao
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$3B$2B1.0%1.0%-36.3%—$-0.15

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CaoCao Valuation Multiples

CaoCao trades at 0.8x EV/Revenue multiple, and 34.0x EV/EBITDA.

See NTM and 2027E valuation multiples for CaoCao

EV / Revenue (LTM)


CaoCao Financial Valuation Multiples

As of May 5, 2026, CaoCao has market cap of $2B and EV of $3B.

CaoCao has a P/E ratio of (28.5x).

LTMLast FY202320242025202620272028
EV/Revenue0.8x0.9x1.7x1.2x0.9x
EV/EBITDA34.0x48.4x(20.2x)(138.6x)50.8x
EV/EBIT(37.3x)4.9x(11.0x)(21.3x)4.9x
EV/Gross Profit8.3x9.5x29.1x15.1x9.5x
P/E(28.5x)(20.0x)(6.3x)(9.7x)(19.1x)
EV/FCF—(183.4x)(10.1x)n/m(183.4x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified CaoCao Valuation Multiples

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CaoCao Margins & Growth Rates

CaoCao grew revenue by 26% and EBITDA by 124% in the last fiscal year.

In the most recent fiscal year, CaoCao reported gross margin of 9%, EBITDA margin of 2%, and net margin of (3%).

See estimated margins and future growth rates for CaoCao

CaoCao Margins

Last FY202420252026202720282029
Gross Margin9%8%9%11%
EBITDA Margin2%(1%)2%3%
EBIT Margin18%(6%)18%(1%)
Net Margin(3%)(9%)(3%)(0%)
FCF Margin(0%)(0%)(0%)—

CaoCao Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth26%37%38%26%
Gross Profit Growth42%93%59%42%
EBITDA Growth124%(85%)(373%)135%
EBIT Growth(104%)(48%)(532%)(104%)
Net Profit Growth(87%)(35%)(49%)(87%)
FCF Growth—(97%)59%—

Data powered by FactSet, Inc. and Morningstar, Inc.

CaoCao Operational KPIs

CaoCao's revenue per employee in the last FY averaged $3.0M, while opex per employee averaged $-0.3M for the same period.

CaoCao's Rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

CaoCao's Rule of X is 68% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for CaoCao
LTMLast FY202320242025202620272028
Rule of 4028%29%———
Bessemer Rule of X67%68%———
Revenue per Employee—$3.0M———
Opex per Employee—$-0.3M———
S&M Expenses to Revenue9%9%8%8%(8%)
G&A Expenses to Revenue3%3%1%1%3%
R&D Expenses to Revenue1%1%3%2%1%
Opex to Revenue—(9%)21%14%(9%)

Data powered by FactSet, Inc. and Morningstar, Inc.

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CaoCao Competitors

CaoCao competitors include Via Transportation, BiNBiN, Goto Gojek Tokopedia, Socar, Martı, Dida, PickMe, Freetrailer Group, GreenMobility and Lyft.

Most CaoCao public comparables operate across Ridesharing.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Via Transportation2.3x2.2x(13.0x)(40.2x)
BiNBiN35.1x—(110.4x)—
Goto Gojek Tokopedia2.1x2.0x17.1x15.9x
Socar1.7x—7.9x—
Martı6.5x5.1x(21.1x)(33.2x)
Dida(0.6x)—(2.4x)—
PickMe—6.0x——
Freetrailer Group4.9x—12.3x—

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About CaoCao

When was CaoCao founded?CaoCao was founded in 2021.
Where is CaoCao headquartered?CaoCao is headquartered in China.
How many employees does CaoCao have?As of today, CaoCao has over 999 employees.
Is CaoCao publicly listed?Yes, CaoCao is a public company listed on HKEX.
What is the stock symbol of CaoCao?CaoCao trades under 02643 ticker.
When did CaoCao go public?CaoCao went public in 2025.
Who are competitors of CaoCao?CaoCao main competitors include Via Transportation, BiNBiN, Goto Gojek Tokopedia, Socar, Martı, Dida, PickMe, Freetrailer Group, GreenMobility, Lyft.
What is the current market cap of CaoCao?CaoCao's current market cap is $2B.
What is the current revenue of CaoCao?CaoCao's last 12 months revenue is $3B.
What is the current revenue growth of CaoCao?CaoCao revenue growth (NTM/LTM) is 26%.
What is the current EV/Revenue multiple of CaoCao?Current revenue multiple of CaoCao is 0.8x.
Is CaoCao profitable?Yes, CaoCao is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of CaoCao?CaoCao's last 12 months EBITDA is $77M.
What is CaoCao's EBITDA margin?CaoCao's last 12 months EBITDA margin is 2%.
What is the current EV/EBITDA multiple of CaoCao?Current EBITDA multiple of CaoCao is 34.0x.
How many companies CaoCao has acquired to date?CaoCao hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies CaoCao has invested to date?CaoCao hasn't invested in any companies yet (or none have been disclosed publicly).

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