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002012.SZ$7.55-3.45%
Fair $7.55+0.0%

002012.SZ

Zhejiang Kan Specialities Material Co., Ltd.

Basic Materials / Paper & Paper ProductsShenzhen

$7.55

-0.27 (-3.45%)

Fairly Valued+0.0%Fair Value $7.55Fund rank 31/100 · Data gapFallback financials|
SA 57/C
F-Score: 6/9
Low Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 33% · confianza 21%

FCF escenarios

weak_data · normalized FCF $28.6M · quality 57.0/100

Data gap 31/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 31/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

57/100

C

Piotroski

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. ROE is 2.0%, below the 5% threshold
Thesis & Journal · 002012.SZLocal privado en este navegador · Zhejiang Kan Specialities Material Co., Ltd.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$3.5B

P/E

107.9x

↑

EV/EBITDA

34.9x

↑

ROE

2.0%

↑

Gross Margin

17.4%

↓

Debt/Equity

0.03

↓
52-Week Range$8
$5$10

TradingView lightweight chart

002012.SZ price, volumen y niveles de valoración

Último $7.550Periodo +124.6%
Fair value: $7.550

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-23.3%

FCF CAGR

-45.5%

FCF margin

4.6%

FCF / Net income

0.90x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $626.9M · net income $31.7M · FCF $28.6M

2022-FY → 2025-FY

Gross margin

17.4%-4.1% pts

Operating margin

4.5%-2.1% pts

Net margin

5.1%+1.2% pts

FCF margin

4.6%-8.1% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$626.9M$626.9M$590.5M$826.0M$1.39B
Net Income$31.7M$31.7M$5.7M$47.5M$53.4M
EBITDA$84.5M$84.5M$57.6M$102.1M$169.8M
EPS0.070.070.010.100.11
Gross Margin17.4%17.4%18.5%16.9%21.5%
Operating Margin4.5%4.5%3.0%2.7%6.6%
Net Margin5.1%5.1%1.0%5.7%3.8%
Balance Sheet
Debt/Equity0.030.030.020.090.16
Current Ratio7.767.76———
Cash Flow
Free Cash Flow$28.6M$28.6M$59.9M$-30.2M$176.0M
Returns
ROE2.0%2.0%0.4%3.1%3.6%
Valuation
P/E107.86107.86461.0055.8053.09
EV/EBITDA34.9034.9034.8718.7514.90
P/B2.202.201.731.721.90
Growth & Yield
Revenue Growth6.2%6.2%-28.5%-40.7%—
EPS Growth600.0%600.0%-90.0%-9.1%—
Dividend Yield0.3%0.3%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

112.3%

muy exigente

EPS terminal req.

$0.67

Spread vs growth

487.7%

5Y implied EPS CAGR

63.2%

muy exigente

EPS terminal req.

$0.81

Spread vs growth

536.8%

10Y implied EPS CAGR

34.0%

muy exigente

EPS terminal req.

$1.31

Spread vs growth

566.0%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +53.4%

Total return

+53.4%

Start / end P/E

493.0x → 107.9x

EPS bridge

0.01 → 0.07

Residual

-468.7%

EPS growth+600.0%
Multiple rerating-78.1%
Dividend+0.3%
Residual / FX / buybacks / cross-term-468.7%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.