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002038.SZ$5.93+0.85%
Fair $5.93+0.0%

002038.SZ

Beijing SL Pharmaceutical Co., Ltd.

Healthcare / Drug Manufacturers - Specialty & GenericShenzhen

$5.93

+0.05 (+0.85%)

Fairly Valued+0.0%Fair Value $5.93Fund rank 25/100 · Data gapFallback financials|
SA 10/F
F-Score: 2/9
Declining RevenueLow 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 34% · confianza 16%

FCF escenarios

weak_data · normalized FCF $64.7M · quality 35.7/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 26/100Data 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

10/100

F

Piotroski

2/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Revenue has declined for 3 consecutive years ROE is -6.7%, below the 5% threshold
Thesis & Journal · 002038.SZLocal privado en este navegador · Beijing SL Pharmaceutical 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

$6.1B

P/E

N/A

•

EV/EBITDA

33.7x

↑

ROE

-6.7%

↓

Gross Margin

62.1%

↑

Debt/Equity

N/A

•
52-Week Range$6
$5$9

TradingView lightweight chart

002038.SZ price, volumen y niveles de valoración

Último $5.930Periodo +554.5%
Fair value: $5.930

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

-15.9%

FCF CAGR

-34.1%

FCF margin

10.4%

FCF / Net income

-0.19x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $623.6M · net income $-347.2M · FCF $64.7M

2022-FY → 2025-FY

Gross margin

62.1%-22.9% pts

Operating margin

-0.4%-17.8% pts

Net margin

-55.7%-78.0% pts

FCF margin

10.4%-11.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$623.6M$623.6M$660.4M$1.02B$1.05B
Net Income$-347.2M$-347.2M$-74.1M$416.7M$234.4M
EBITDA$164.1M$164.1M$196.7M$610.3M$373.3M
EPS-0.34-0.34-0.070.410.23
Gross Margin62.1%62.1%68.0%81.6%85.1%
Operating Margin-0.4%-0.4%6.6%24.6%17.3%
Net Margin-55.7%-55.7%-11.2%40.9%22.3%
Balance Sheet
Current Ratio3.383.38———
Cash Flow
Free Cash Flow$64.7M$64.7M$-121.9M$241.8M$226.3M
Returns
ROE-6.7%-6.7%-1.3%7.2%4.3%
Valuation
P/E———24.1036.48
EV/EBITDA33.7333.7338.3015.3321.31
P/B1.171.171.431.731.56
Growth & Yield
Revenue Growth-5.6%-5.6%-35.1%-3.0%—
EPS Growth-385.7%-385.7%-117.1%78.3%—
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%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

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 -10.8%

Total return

-10.8%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.07 → -0.34

Residual

-11.1%

EPS growthn/d
Multiple reratingn/d
Dividend+0.3%
Residual / FX / buybacks / cross-term-11.1%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

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.