Cheetah Mobile Inc.

AI-generated fair value estimate for this company.

Method: NAV / Sum-of-the-Parts (net cash + segment EV/EBIT and EV/Sales)

Reasoning: As of Oct 2026 (price $2.86, mkt cap $88.8M, 31.04M ADS, RMB converted at ~6.70/USD). Net cash ~$186.9M ($6.02/ADS) discounted 30% for China cash-repatriation/governance risk (controlling shareholder, onshore RMB cash) = $4.21/ADS. Legacy Internet Services segment (IVAS+online ad, ~$78M annualized revenue, ~19% adj. operating margin, ad revenue -53% YoY but IVAS stable) valued at 5x EV/EBIT = $2.42/ADS. Cloud/AI infrastructure + Robotics segment (~$68M annualized revenue run-rate, growing 70-90% YoY but still cash-burning/capital-intensive) valued at 1.5x EV/Sales = $3.29/ADS. Sum of parts $9.92/ADS, less a 25% holding-company/execution/dilution discount (consolidated net losses widened in Q2 2026 to RMB94.9M, ongoing funding needs for robotics scale-up incl. UFACTORY stake) = ~$7.40/ADS, well above the current $2.86 price, consistent with the stock trading at a negative enterprise value (net cash alone exceeds market cap).