TuSimple Holdings Inc.

TSPH

Price: $0.14Market Cap: $33.3M

Investment snapshot

6%positive consensus

Scored 1d ago

Positive

BUY / PASS

Neutral / negative

3 / 12

NEUTRAL / FAIL

Median fair value

—

No comparable estimates

Models with upside

0 / 17

Positive margin of safety

Strongest signal

10 of 12 pass — Buffett and Marks object

Key risk

No clean pass — all 13 investors flag at least one valuation criterion

Framework analysis

Verdict	Meaning
BUY	Positive purchase signal: the framework's buy requirements are met.
PASS	The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRAL	Neither a positive nor negative conclusion. It does not mean to hold an existing position.
FAIL	The company does not clear the framework's requirements.
Ranked	Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

Metric	Graham Defensive Value	Buffett Quality Compounder	Lynch GARP	Greenblatt Magic Formula	Piotroski F-Score	Dreman Contrarian Value	Munger Quality Focus	Pabrai Dhandho Framework	Akre Three-Legged Stool	Marks Risk-Aware Value	Ackman Activist Value	Templeton Global Bargain Hunter	Sleep Scale Economies Shared	Asness Systematic Factors	Neff Low-P/E Total Return	Schloss Asset-Value Discipline	O'Shaughnessy Systematic Factor Composite
Verdict	FAIL	FAIL	FAIL	Not ranked	PASS	FAIL	FAIL	FAIL	FAIL	FAIL	FAIL	NEUTRAL	FAIL	FAIL	FAIL	NEUTRAL	NEUTRAL
Score
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Intrinsic Value (annual)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Margin of Safety	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financial Basis	Annual history · FY 2022 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 · Market data at 2026-11-01 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2022 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2022 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 · Qualitative assessment Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 · Qualitative assessment Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 · Market data at 2026-11-01 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 · Price history 2025-01-01–2026-11-01 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 · Qualitative assessment Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 · Price history 2025-01-01–2026-11-01 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 Latest source filing: 2023-09-07 Score computed: 2026-11-14	Annual history · FY 2022 · Price history 2025-01-01–2026-11-01 Latest source filing: 2023-09-07 Score computed: 2026-11-14

Where It Passes

Debt & Leverage83% pass✓ 13✗ 2▾
10 of 12 pass — Buffett and Marks object
LT Debt vs Net Current AssetsLT Debt $3.7M vs NCA $936.0M
✓GrahamLT Debt <= Net Current Assets
Debt/Equity & Interest CoverageD/E: 0.01, IC: -558.3x
✗BuffettD/E < 0.5 AND Interest Coverage > 5x
Total Debt / Equity0.01
✓Lynch< 0.33
Cash - Long-term Debt$611.7M
✓LynchPositive preferred
LT Debt / Total Assets Change0.40% -> 0.34%
✓PiotroskiDecreased YoY
Current Assets / Current Liabilities14.09
✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
Total Debt / Shareholders' Equity0.01
✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
Debt Levels0.01
✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
Interest Coverage & Debt/EBITDAIC=-558.3x, D/EBITDA=N/A
✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
Total Debt / Shareholders Equity0.01
✓Ackman<= 1.0
Negative debt-to-equity (higher means less debt)-0.0056; #517/4210 (top 12.3%)
✓AsnessTop 30% of eligible cross-section

Where It Falls Short

Valuation0% pass✓ 8✗ 20▾
No clean pass — all 13 investors flag at least one valuation criterion
Price / 3-yr avg EPS
✗Graham<= 15x
Price-to-Book Ratio0.0x
✓Graham<= 1.5x
P/E x P/B
✗Graham<= 22.5
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
EBIT / Enterprise ValueN/A (EV <= 0)
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=N/A (EV <= 0), ROC=-144.1%
✗GreenblattBoth EY > 10% and ROC > 25%
Price / EPS
✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
Price / (CFO / Shares)N/A (negative CFPS)
✗Dreman< 8x
Price / Book Value per Share0.0x
✓Dreman< 1.2x✓Templeton< 1.5x✓SchlossP/B <= 0.80x (app cutoff)
Valuation ReasonablenessOE Yield=-1513.7%
✗MungerP/E < 25 or Owner Earnings Yield > 5%
P/E or FCF YieldFCF Yield=-1032.3%
✗PabraiP/E < 15 or FCF Yield > 10%
P/B or P/E vs. Historical AverageP/B=0.0x
✓MarksP/E < 15 or P/B < 2.0
Discount to Intrinsic ValueN/A (negative normalized EPS)
✗Marks>= 20% below intrinsic value
Price / FCF per ShareN/A (negative FCF)
✗Ackman<= 25
Price vs. Trailing Low100% of trailing low ($0.14)
✓Templeton<= 120% of trailing low (certified split-adjusted live window)
Net income / market capitalization-1418.67%; #6109/6340 (top 96.4%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Positive book equity / market capitalization+28.6857; #111/6449 (top 1.7%)
✓AsnessTop 30% of eligible cross-section
Price / Diluted EPS
✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
(EPS CAGR % + Dividend Yield %) / P/E
✗Neff> 0.7 (Neff's published traditional edge)
Price / Tangible Book Value per Share0.03x
✓SchlossP/TBV <= 1.00x (app cutoff)
Book Value per Share Change
✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
Revenue / market capitalization+0.2816; #3406/5247 (top 64.9%)
✗OshaughnessyTop 10% of eligible cross-section
(Operating cash flow - capex) / market capitalization-1032.25%; #4407/4519 (top 97.5%)
✗OshaughnessyTop 10% of eligible cross-section
Trailing six-month price return through the evaluation date-50.00%; #5139/6202 (top 82.9%)
✗OshaughnessyTop 10% of eligible cross-section
Cash Flow0% pass✓ 1✗ 11▾
No clean pass — all 10 investors flag at least one cash flow criterion
Free Cash Flow Proxy$-458.1M
✗BuffettPositive and growing
FCF Positive and Growing$-343.5M
✗LynchPositive and growing
Operating Cash Flow$-329.9M
✗PiotroskiCFO > 0
(CFO / Total Assets) vs ROACFO/Assets=-30.71%, ROA=-43.94%
✓PiotroskiCFO/Assets > ROA
Price / (CFO / Shares)N/A (negative CFPS)
✗Dreman< 8x
P/E or FCF YieldFCF Yield=-1032.3%
✗PabraiP/E < 15 or FCF Yield > 10%
FCF Positive0/4 years FCF positive
✗MarksPositive FCF in majority of recent years
(OCF - CapEx) / Market Cap-1135.0%
✗Ackman>= 4%
Price / FCF per ShareN/A (negative FCF)
✗Ackman<= 25
Positive Operating Cash Flow frequency0/4 years positive
✗SleepPositive OCF in >= 70% of available years
Operating Cash Flow - Capital Expenditures$-343.5M
✗Neff> $0 (app proxy for a strong fundamental case)
(Operating cash flow - capex) / market capitalization-1032.25%; #4407/4519 (top 97.5%)
✗OshaughnessyTop 10% of eligible cross-section
Growth0% pass✓ 2✗ 11▾
No clean pass — all 8 investors flag at least one growth criterion
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR
✗Lynch15-30% (Fast Grower); > 0% to pass
Inventory Growth vs Revenue GrowthN/A (no inventory)
✓LynchInventory growth < Revenue growth
EPS Growth Direction$-2.47 (2019) -> $-2.11 (2022)
✗DremanPositive over recent years
EPS CAGR
✗Dreman> 5% annualized
Positive Net Income Frequency0/4 years positive
✗MarksPositive net income in >= 7 of last 10 years
3yr Median Revenue Growth159.6%
✓Ackman>= 5%
Positive EPS Growth Frequency1/3 years with positive EPS growth
✗AckmanPositive EPS growth in >= 3 of last 5 years
5-Year EPS CAGR
✗Templeton> 0% (5-year EPS CAGR)
Revenue growth vs. gross and operating margin trendgross margin -187.2% -> -111.1%, operating margin -9444.6% -> -5220.0%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
5-year Revenue CAGR
✗SleepCAGR > 7%
3-5 Year Diluted EPS CAGR
✗Neff7%-20% annualized
Profitability6% pass✓ 5✗ 30▾
15 of 16 flag TSPH's profitability — Graham, Buffett, Lynch +12 more
Positive EPS (10 years)0/5 years positive
✗GrahamPositive EPS every year for 10 years
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Net Income Positive (10+ years)0/5 years positive
✗BuffettPositive every year for 10+ years
ROE (up to 5-year arithmetic mean)-52.3%
✗Buffett> 15% arithmetic mean (app rule)
Operating Margin (10-yr trend)-5220.0% (latest)
✓BuffettStable or rising over 10 years
Free Cash Flow Proxy$-458.1M
✗BuffettPositive and growing
Earnings Variance (10-yr CoV)
✗BuffettCoV < 0.3
Retained Earnings Effectiveness
✗Buffett$1 retained -> > $1 market value created
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR
✗Lynch15-30% (Fast Grower); > 0% to pass
ROE-49.5%
✗Lynch> 15%
EBIT / Enterprise ValueN/A (EV <= 0)
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=N/A (EV <= 0), ROC=-144.1%
✗GreenblattBoth EY > 10% and ROC > 25%
Net Income / Total Assets-43.94%
✗PiotroskiROA > 0
ROA Change YoY-52.47% -> -43.94% (delta: +8.53%)
✓PiotroskiCurrent ROA > Prior ROA
(CFO / Total Assets) vs ROACFO/Assets=-30.71%, ROA=-43.94%
✓PiotroskiCFO/Assets > ROA
Gross Margin Change YoY-97.6% -> -111.1%
✗PiotroskiImproved YoY
Pre-Tax Income / Revenue-5038.4%
✗Dreman>= 8%
Net Income / Shareholders' Equity-49.5%
✗Dreman> 12%
Margin of SafetyP/B=0.0x
✓PabraiP/B < 1.5 or P/E < 15
Return on Equity-52.3% (3-yr avg)
✗AkreROE > 20% (3-year avg)
Discount to Intrinsic ValueN/A (negative normalized EPS)
✗Marks>= 20% below intrinsic value
Positive Net Income Frequency0/4 years positive
✗MarksPositive net income in >= 7 of last 10 years
Operating Income / Revenue-5220.0%
✗Ackman>= 15%
Net Income / Shareholders Equity-49.5%
✗Ackman>= 15%
5-Year EPS CAGR
✗Templeton> 0% (5-year EPS CAGR)
Operating Margin Trend-9444.6% (2020) -> -5220.0% (2022)
✓TempletonNon-negative operating-margin trend over 3 years
Revenue growth vs. gross and operating margin trendgross margin -187.2% -> -111.1%, operating margin -9444.6% -> -5220.0%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
Net income / market capitalization-1418.67%; #6109/6340 (top 96.4%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Gross profit / total assets-0.97%; #3555/3702 (top 96.0%)
✗AsnessTop 30% of eligible cross-section
Net income / positive book equity-49.46%; #4201/5226 (top 80.4%)
✗AsnessTop 30% of eligible cross-section
Negative 5-year standard deviation of ROA-0.0378; #2206/5884 (top 37.5%)
✗AsnessTop 30% of eligible cross-section
3-5 Year Diluted EPS CAGR
✗Neff7%-20% annualized
Positive Diluted-EPS Years
✗Schloss>= 70% positive over 5-10 observed years (app rule)
Verdicts8% pass✓ 1✗ 12▾
Split decision: 12 FAIL · 3 NEUTRAL · 1 PASS
Overall verdict
✗GrahamFAIL (3/9)✗BuffettFAIL (1/9)✗LynchFAIL (3/7)•GreenblattNot ranked✓PiotroskiPASS (F-Score 4)✗DremanFAIL (3/11)✗MungerFAIL (1/4)✗PabraiFAIL (1/3)✗AkreFAIL (1/6)✗MarksFAIL (1/5)✗AckmanFAIL (2/9)•TempletonNEUTRAL (5/8)✗SleepFAIL (0/6)✗AsnessFAIL (Rank #1971/2370 (Top 83.2%))✗NeffFAIL (1/6)•SchlossNEUTRAL (4/7)•OshaughnessyNEUTRAL (Not ranked)
Efficiency25% pass✓ 3✗ 8▾
6 of 8 flag TSPH's efficiency — Buffett, Greenblatt, Piotroski +3 more
Current Ratio14.09
✓Graham>= 2.0
ROIC (3-5 yr avg)-112.2%
✗Buffett> 10%
ROIC - WACC-122.2%
✗BuffettPositive (WACC = 10%)
EBIT / (NWC + Net Fixed Assets)-144.1%
✗Greenblatt> 25%
Current Ratio Change YoY24.20 -> 14.09
✗PiotroskiIncreased YoY
Revenue / Total Assets Change YoY0.00x -> 0.01x
✓PiotroskiImproved YoY
Current Assets / Current Liabilities14.09
✓Dreman> 1.5
Return on Invested Capital-40.3%
✗Munger> 15%
ROIC (high and growing)FY2020: ROIC=unavailable; FY2021: ROIC=-24.4%; FY2022: ROIC=-40.3%
✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
Reinvestment Rate x ROICN/A (non-positive net income)
✗AkreReinvestment Rate * ROIC > 10%
ROIC (5-year)0/2 years above 12% (latest -40.3%)
✗SleepROIC > 12% in a majority of years

Business & financials

Financial snapshot: annual FY 2022. Current investor scores may use newer quarterly data.

Company Profile

Industry: Business Services

Size: Micro Cap($33.3M)

Revenue: $9.4M+49.6% YoY

Net Income: $472.0M+35.6% YoY

Financial Snapshot

Operating Margin-5220.0%

Return on Equity-49.5%

Debt / Equity0.01

Current Ratio14.09

EPS (Diluted)$-2.11

Shares Retired−32.6%

Similar Companies

No peer companies found in this industry.

Shareholder Return

Fiscal 2022

Issued 32.6% of shares last year.

Buybacks: —
Dividends: —

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

Metric	FY 2022 Sources 10-K · 2023-09-07	FY 2021 Sources 10-K · 2023-09-07	FY 2020 Sources 10-K · 2022-02-24	FY 2019 Sources 10-K · 2022-02-24	FY 2018 Sources 10-K · 2022-02-24
Market Cap	$33.3Mcurrent	--	--	--	--
Revenue	$9.4M↑50%	$6.3M↑240%	$1.8M↑160%	$710.0K	--
Operating Income	-$489.1M↓19%	-$411.4M↓136%	-$174.1M↓99%	-$87.3M	--
Net Income	-$472.0M↑36%	-$732.7M↓312%	-$177.9M↓110%	-$84.8M	--
EPS (Diluted)	$-2.11↑52%	$-4.36↓29%	$-3.37↓36%	$-2.47	--
Gross Margin	-111.1%↓14%	-97.6%↑48%	-187.2%↓50%	-124.6%	—
Operating Margin	-5220.0%↑21%	-6570.1%↑30%	-9444.6%↑23%	-12293.0%	—
ROE	-49.5%↑10%	-55.2%↓226%	43.9%↑13%	38.7%	—
Total Debt	$5.3M↓25%	$7.1M↑10%	$6.4M	--	--
Shareholders' Equity	$954.5M↓28%	$1.3B↑427%	-$405.5M↓85%	-$219.4M↓196%	-$74.1M
Current Ratio	14.09↓42%	24.20↑514%	3.94	—	—
Debt / Equity	0.01↑5%	0.01↑134%	-0.02	—	—
Operating Cash Flow	-$329.9M↓27%	-$259.0M↓149%	-$103.8M↓36%	-$76.3M	--
Free Cash Flow	-$343.5M↓26%	-$272.4M↓152%	-$108.2M↓25%	-$86.7M	--