Cheer (CHR)
Market Price (11/18/2025): $0.0481 | Market Cap: $0.3 MilSector: Communication Services | Industry: Advertising
Cheer (CHR)
Market Price (11/18/2025): $0.0481Market Cap: $0.3 MilSector: Communication ServicesIndustry: Advertising
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8301%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8297%, FCF Yield is 444% | Weak multi-year price returns2Y Excs Rtn is -150%, 3Y Excs Rtn is -168% | Penny stockMkt Price is 0.0 |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -396% | High stock price volatilityVol 12M is 132% | |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 36% | Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 26% |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8301%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8297%, FCF Yield is 444% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -396% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 36% |
| Weak multi-year price returns2Y Excs Rtn is -150%, 3Y Excs Rtn is -168% |
| Penny stockMkt Price is 0.0 |
| High stock price volatilityVol 12M is 132% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 26% |
Market Valuation & Key Metrics
CHR Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
1. Nasdaq Minimum Bid Price Deficiency: On October 20, 2025, Cheer Holding received a deficiency notice from Nasdaq because its Class A ordinary shares failed to maintain a minimum bid price of $1.00 for 30 consecutive business days, trading around $0.12 at the time. This triggered a compliance period until April 14, 2026, to regain compliance, with potential delisting if unsuccessful.
2. Highly Dilutive Registered Direct Offering: On November 5, 2025, Cheer Holding announced a registered direct offering of 187,500,000 Class A ordinary shares at a purchase price of $0.08 per share, expecting to raise approximately $15 million in gross proceeds. This substantial issuance of new shares at a very low price significantly diluted the ownership of existing shareholders.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CHR Return | -73% | -57% | 24% | -78% | -21% | -98% | -100% |
| Peers Return | -21% | 7% | -15% | -24% | -45% | ||
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| CHR Win Rate | 42% | 50% | 42% | 8% | 42% | 40% | |
| Peers Win Rate | 18% | 13% | 20% | 25% | 50% | ||
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| CHR Max Drawdown | -85% | -58% | -45% | -78% | -28% | -98% | |
| Peers Max Drawdown | -24% | -8% | -23% | -32% | |||
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HAO, DV, BAOS, EDHL, MCTR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/17/2025 (YTD)
How Low Can It Go
| Event | CHR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -93.3% | -25.4% |
| % Gain to Breakeven | 1403.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -85.2% | -33.9% |
| % Gain to Breakeven | 573.9% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -39.8% | -19.8% |
| % Gain to Breakeven | 66.0% | 24.7% |
| Time to Breakeven | 27 days | 120 days |
Compare to HAO, DV, BAOS, EDHL, MCTR
In The Past
Cheer's stock fell -93.3% during the 2022 Inflation Shock from a high on 3/26/2021. A -93.3% loss requires a 1403.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to CHR. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -18.7% | -18.7% | -18.7% |
| 10032025 | CABO | Cable One | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -39.6% | -39.6% | -39.6% |
| 09122025 | DV | DoubleVerify | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -20.0% | -20.0% | -27.9% |
| 07312025 | CMCSA | Comcast | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -16.3% | -16.3% | -17.9% |
| 05312025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -14.4% | -14.4% | -17.2% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -18.7% | -18.7% | -18.7% |
| 10032025 | CABO | Cable One | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -39.6% | -39.6% | -39.6% |
| 09122025 | DV | DoubleVerify | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -20.0% | -20.0% | -27.9% |
| 07312025 | CMCSA | Comcast | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -16.3% | -16.3% | -17.9% |
| 05312025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -14.4% | -14.4% | -17.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Cheer
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 1.03 |
| Mkt Cap | 0.8 |
| Rev LTM | 397 |
| Op Inc LTM | 51 |
| FCF LTM | 71 |
| FCF 3Y Avg | 123 |
| CFO LTM | 90 |
| CFO 3Y Avg | 151 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.9% |
| Rev Chg 3Y Avg | 20.1% |
| Rev Chg Q | 11.2% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | 23.7% |
| Op Mgn 3Y Avg | 12.7% |
| QoQ Delta Op Mgn LTM | -0.9% |
| CFO/Rev LTM | 14.9% |
| CFO/Rev 3Y Avg | 23.6% |
| FCF/Rev LTM | 10.6% |
| FCF/Rev 3Y Avg | 19.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.8 |
| P/S | 1.1 |
| P/EBIT | 9.8 |
| P/E | 18.6 |
| P/CFO | 4.8 |
| Total Yield | 4,151.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.7% |
| D/E | 14.6 |
| Net D/E | -2.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -23.4% |
| 3M Rtn | -28.2% |
| 6M Rtn | -55.5% |
| 12M Rtn | -64.6% |
| 3Y Rtn | -60.3% |
| 1M Excs Rtn | -23.5% |
| 3M Excs Rtn | -28.6% |
| 6M Excs Rtn | -67.4% |
| 12M Excs Rtn | -77.0% |
| 3Y Excs Rtn | -132.1% |
Segment Financials
Revenue by Segment
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Cheers App Internet Business | 141 | 144 | 135 | 84 | 28 |
| Traditional Media Business | 11 | 13 | 18 | 40 | 37 |
| Total | 152 | 157 | 153 | 124 | 66 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Cheers App Internet Business | 27 | 25 | 32 | 24 | 12 |
| Traditional Media Business | 2 | 2 | 4 | 12 | 15 |
| Unallocated item | 0 | -0 | -0 | -5 | |
| Total | 29 | 27 | 36 | 31 | 27 |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/31/2020 | 5.8% | 5.1% | -21.8% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 0 |
| # Negative | 0 | 0 | 1 |
| Median Positive | 5.8% | 5.1% | |
| Median Negative | -21.8% | ||
| Max Positive | 5.8% | 5.1% | |
| Max Negative | -21.8% | ||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 7302025 | 6-K 6/30/2025 |
| 12312024 | 3102025 | 20-F 12/31/2024 |
| 6302024 | 7312024 | 6-K 6/30/2024 |
| 12312023 | 3142024 | 20-F 12/31/2023 |
| 6302023 | 8102023 | 6-K 6/30/2023 |
| 12312022 | 3222023 | 20-F 12/31/2022 |
| 6302022 | 7222022 | 6-K 6/30/2022 |
| 12312021 | 3082022 | 20-F 12/31/2021 |
| 6302021 | 9162021 | 6-K 6/30/2021 |
| 12312020 | 3292021 | 20-F 12/31/2020 |
| 6302020 | 8032020 | 6-K 6/30/2020 |
| 3312020 | 5112020 | 10-Q 3/31/2020 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |