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002110.SZ$3.23+3.53%
Fair $3.23+0.0%

002110.SZ

Sansteel MinGuang Co.,Ltd.,Fujian

Basic Materials / SteelShenzhen

$3.23

+0.11 (+3.53%)

Fairly Valued+0.0%Fair Value $3.23Fund rank 28/100 · Data gapFallback financials|
SA 19/F
F-Score: 7/9
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 18%

FCF escenarios

weak_data · normalized FCF $-809.8M · quality 45.3/100

Data gap 28/100
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

19/100

F

Piotroski

7/9

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. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Revenue has declined for 3 consecutive years ROE is 0.1%, below the 5% threshold
Thesis & Journal · 002110.SZLocal privado en este navegador · Sansteel MinGuang Co.,Ltd.,Fujian
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

$7.8B

P/E

323.0x

↑

EV/EBITDA

10.0x

↓

ROE

0.1%

↑

Gross Margin

6.7%

↓

Debt/Equity

1.01

↑
52-Week Range$3
$3$5

TradingView lightweight chart

002110.SZ price, volumen y niveles de valoración

Último $3.230Periodo -54.0%
Fair value: $3.230

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

-5.9%

FCF CAGR

—

FCF margin

2.1%

FCF / Net income

33.21x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $43.03B · net income $27.1M · FCF $899.8M

2022-FY → 2025-FY

Gross margin

6.7%+1.1% pts

Operating margin

1.1%+0.2% pts

Net margin

0.1%-0.2% pts

FCF margin

2.1%+9.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$43.03B$43.03B$46.06B$47.94B$51.66B
Net Income$27.1M$27.1M$-1.28B$-667.6M$139.2M
EBITDA$2.28B$2.28B$400.9M$832.1M$1.67B
EPS0.010.01-0.53-0.270.06
Gross Margin6.7%6.7%4.3%5.3%5.5%
Operating Margin1.1%1.1%-1.0%0.1%0.9%
Net Margin0.1%0.1%-2.8%-1.4%0.3%
Balance Sheet
Debt/Equity1.011.011.100.750.60
Current Ratio0.590.59———
Cash Flow
Free Cash Flow$899.8M$899.8M$-809.8M$-2.58B$-3.58B
Returns
ROE0.1%0.1%-6.7%-3.3%0.7%
Valuation
P/E323.00323.00——79.00
EV/EBITDA9.969.9652.3023.5610.99
P/B0.450.450.390.490.52
Growth & Yield
Revenue Growth-6.6%-6.6%-3.9%-7.2%—
EPS Growth101.9%101.9%-96.3%-550.0%—

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

206.0%

muy exigente

EPS terminal req.

$0.29

Spread vs growth

-104.1%

5Y implied EPS CAGR

103.2%

muy exigente

EPS terminal req.

$0.35

Spread vs growth

-1.4%

10Y implied EPS CAGR

49.5%

muy exigente

EPS terminal req.

$0.56

Spread vs growth

52.4%

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 -17.4%

Total return

-17.4%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.53 → 0.01

Residual

-17.4%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-17.4%

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.