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002134.SZ$27.78-1.70%
Fair $27.78+0.0%

002134.SZ

Tianjin Printronics Circuit Corporation

Technology / SemiconductorsShenzhen

$27.78

-0.48 (-1.70%)

Fairly Valued+0.0%Fair Value $27.78Fund rank 22/100 · Data gapFallback financials|
SA 49/C
F-Score: 4/9
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 34% · confianza 18%

FCF escenarios

weak_data · normalized FCF $-98.9M · quality 46.3/100

Data gap 22/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 25/100Data 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

49/100

C

Piotroski

4/9

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. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. ROE is 1.0%, below the 5% threshold
Thesis & Journal · 002134.SZLocal privado en este navegador · Tianjin Printronics Circuit Corporation
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

$6.9B

P/E

396.9x

↑

EV/EBITDA

65.4x

↑

ROE

1.0%

↓

Gross Margin

14.5%

↓

Debt/Equity

1.32

↑
52-Week Range$28
$18$34

TradingView lightweight chart

002134.SZ price, volumen y niveles de valoración

Último $28.26Periodo +98.5%
Fair value: $27.78

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

+33.4%

FCF CAGR

—

FCF margin

-7.2%

FCF / Net income

-20.75x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.38B · net income $4.8M · FCF $-98.9M

2022-FY → 2025-FY

Gross margin

14.5%-1.2% pts

Operating margin

2.5%-2.6% pts

Net margin

0.3%-2.4% pts

FCF margin

-7.2%+6.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.38B$1.38B$1.13B$646.3M$580.7M
Net Income$4.8M$4.8M$33.9M$26.4M$16.1M
EBITDA$108.8M$108.8M$111.1M$56.4M$33.5M
EPS0.020.020.150.110.07
Gross Margin14.5%14.5%16.8%22.2%15.7%
Operating Margin2.5%2.5%5.0%6.5%5.0%
Net Margin0.3%0.3%3.0%4.1%2.8%
Balance Sheet
Debt/Equity1.321.321.070.480.03
Current Ratio1.111.11———
Cash Flow
Free Cash Flow$-98.9M$-98.9M$-261.5M$-76.3M$-77.6M
Returns
ROE1.0%1.0%7.0%5.9%3.6%
Valuation
P/E396.86396.86114.2798.00122.14
EV/EBITDA65.3965.3938.2647.2856.45
P/B13.2513.258.045.744.44
Growth & Yield
Revenue Growth22.2%22.2%74.6%11.3%—
EPS Growth-86.7%-86.7%36.4%57.1%—

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

397.7%

muy exigente

EPS terminal req.

$2.47

Spread vs growth

-484.3%

5Y implied EPS CAGR

172.1%

muy exigente

EPS terminal req.

$2.98

Spread vs growth

-258.8%

10Y implied EPS CAGR

73.0%

muy exigente

EPS terminal req.

$4.80

Spread vs growth

-159.7%

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 +35.6%

Total return

+35.6%

Start / end P/E

136.6x → 1389.0x

EPS bridge

0.15 → 0.02

Residual

-794.6%

EPS growth-86.7%
Multiple rerating+916.8%
Dividend+0.0%
Residual / FX / buybacks / cross-term-794.6%

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.