Equity Research Analysis: BingEx Ltd (FLX)
|Blank Capital Research Unit|Spot: $2.59
Price$2.59
Composite Score30.2/100
RatingAVOID (1★)
Rank#4515 OF 7,333
Market Cap$862M
ROE
IMPORTANT DISCLAIMER: Blank Capital Research ("BCR") is a technology platform, not a registered investment advisor or broker-dealer. The algorithmically generated signals, scores, and rankings provided on this site ("God Mode" Signals) are for informational and research purposes only and do not constitute financial advice, investment recommendations, or an offer to sell or solicit an offer to buy any securities.
HYPOTHETICAL PERFORMANCE RESULTS: The "timing scores" and "regime signals" displayed are based on quantitative models. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.
RISK OF LOSS: Trading in financial markets involves a high degree of risk and may result in the loss of your entire investment. Data provided by third-party sources (Intrinio, Snowflake) is believed to be reliable but is not guaranteed for accuracy or completeness. Past performance is not indicative of future results.
© 2026 Blank Capital Research. All rights reserved. System Version: Aegis V8 (God Mode).
Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#4515
Positioning
Market Dominance
Transportation, Communications, Electric, Gas, And Sanitary Services
Transportation
$862M
Peng Xue
We are the pioneer in providing on-demand dedicated courier services for individual and business customers with superior time certainty, delivery safety and service quality. Our principal executive offices are located at Building 6, Zhongguancun Dongsheng International Science Park, No.1 Yongtaizhuang North Road, Haidian District, Beijing 100192, People’s Republic of China. Our registered office in the Cayman Islands is located at P.O. Box 712, Cannon Place, North Sound Road, George Town, Grand Cayman, KY1-9006, Cayman Islands. Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor, New York, NY.
Headcount
—
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UGP ULTRAPAR HOLDINGS INC | 79 | 90 | 95 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$TNK TEEKAY TANKERS LTD. | 78 | 94 | 97 | 82 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$DHT DHT Holdings, Inc. | 75 | 84 | 88 | 78 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$STNG Scorpio Tankers Inc. | 75 | 86 | 95 | 74 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NAT NORDIC AMERICAN TANKERS Ltd | 75 | 82 | 88 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMX AMERICA MOVIL SAB DE CV/ | 74 | 86 | 81 | 68 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PAC Pacific Airport Group | 73 | 94 | 80 | 78 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GSL Global Ship Lease, Inc. | 73 | 82 | 94 | 81 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$TRMD TORM plc | 73 | 86 | 94 | 65 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$VIV TELEFONICA BRASIL S.A. | 73 | 82 | 90 | 78 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$FLX BingEx Ltd | 30 | 48 | 20 | 8 | - | 9.9x | -78.4% | -47.4% | 11.0% | -0.6% | -3.3% | -4.0% | 0.0% | 0.0x | $862M | ||
| SECTOR BENCH | - | - | - | - | - | 16.9x | 6.1x | 11.9% | 3.2% | 52.6% | 14.8% | 7.7% | 4.2% | 1.4% | 1.3x | - | REF |
BingEx Ltd (FLX) receives a "Avoid" rating with a composite score of 30.2/100. It ranks #4515 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
Sign in to join the discussion.
HQ Base
BEIJING,
Lagging peers — losers tend to keep underperforming
Expensive relative to fundamentals — limited margin of safety
Average quality profile
High volatility — wider range of outcomes increases timing risk
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Relative valuation derived from Transportation, Communications, Electric, Gas, And Sanitary Services sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for FLX.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 48 | 52 | -4NEUTRAL |
| MOMENTUM | 8 | 4 | +4NEUTRAL |
| VALUATION | 20 | 9 | +11ALPHA |
| INVESTMENT | 27 | 17 | +10ALPHA |
| STABILITY | 32 | 30 | +2NEUTRAL |
| SHORT INT | 55 | 61 | -6DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy -78.4% (sector 11.9%)
GM 11% vs sector 53%, OM -1% vs sector 15%
Capital turnover N/A, R&D intensity 3.2%
Rev growth -4%
Interest coverage N/A, Net debt/EBITDA -31.4x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate BingEx Ltd (FLX) as Avoid with a composite score of 30.2/100 at a current price of $2.59. The stock falls in the bottom quintile, and the multi-factor weakness suggests a high probability of continued underperformance.
BingEx Ltd holds a top-quartile position (#0 of 50) within the Transportation, Communications, Electric, Gas, And Sanitary Services sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 30.2/100 places it at rank #4515 in our full universe.
No Moat
High
Poor
Fair Value
Stable competitive position in a defensive sector.
Weak momentum suggests persistent institutional selling pressure.
Vulnerability to macroeconomic shocks and interest rate volatility.
BingEx Ltd represents a avoid based on multi-factor quantitative performance.
Our quantitative model flags BingEx Ltd with an Avoid rating, assigning a composite score of 30.2/100 and 1 out of 5 stars. Ranked #4515 of 7,333 stocks, FLX falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
With a quality score of 48/100, FLX shows adequate but unremarkable business quality. The company reports a return on equity of -78.4% (sector avg: 11.9%), gross margins of 11.0% (sector avg: 52.6%), net margins of -3.3% (sector avg: 7.7%). This suggests the company generates acceptable returns but may lack the competitive positioning or operational efficiency to stand out from peers.
FLX registers a value score of just 20/100, suggesting the stock trades at a significant premium to its fundamental metrics. Key valuation metrics include an EV/EBITDA of 9.90x, a P/B ratio of 1.79x. High-premium valuations like this require strong future execution to avoid multiple compression, and downside risk is elevated if growth disappoints.
BingEx Ltd's investment score of 27/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -4.0% vs. a sector average of 4.2% and a return on assets of -47.4% (sector: 3.2%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
BingEx Ltd is experiencing notably weak momentum with a score of just 8/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at -4.0% year-over-year, while a beta of 2.61 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
FLX's stability score of 32/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 2.61 and a debt-to-equity ratio of 0.00x (sector avg: 1.3x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
The short interest score of 55/100 for FLX suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include high market sensitivity (beta: 2.61), small-cap liquidity risk. With a $862M market cap (small-cap), BingEx Ltd may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
BingEx Ltd is a small-cap company in the Transportation, Communications, Electric, Gas, And Sanitary Services sector, ranked #0 of 50 in its sector (100th percentile) and #4515 of 7,333 overall (38th percentile). Key comparisons include ROE of -78.4% trailing the 11.9% sector median and operating margins of -0.6% below the 14.8% sector average. This top-quartile standing reflects exceptional competitive strength relative to Transportation, Communications, Electric, Gas, And Sanitary Services peers.
While FLX currently exhibits a AVOID profile, superior opportunities exist within the TRANSPORTATION, COMMUNICATIONS, ELECTRIC, GAS, AND SANITARY SERVICES sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Transportation, Communications, Electric, Gas, And Sanitary Services Alpha →Quant Factor Profile
Upgrade catalyst
Improvement in Momentum (8) would have the largest impact on the composite score.
EV/EBITDA 62% ABOVE SECTOR MEDIAN
ROE 758% BELOW SECTOR MEDIAN
Gross Margin 79% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
BingEx Limited ( NASDAQ:FLX ) shares have had a really impressive month, gaining 25% after a shaky period beforehand...
With the business potentially at an important milestone, we thought we'd take a closer look at BingEx Limited's...
We feel now is a pretty good time to analyse BingEx Limited's ( NASDAQ:FLX ) business as it appears the company may be...
The recent 10% drop in Felix Group Holdings Ltd's ( ASX:FLX ) stock could come as a blow to insiders who purchased...
FLX Networks, the innovative, award-winning network transforming how asset and wealth management firms connect and scale, today announced the appointment of Kevin Barresi as Chief Technology Officer (CTO).