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002135.SZ$7.28-0.41%
Fair $7.28+0.0%

002135.SZ

Zhejiang Southeast Space Frame Co., Ltd.

Industrials / Engineering & ConstructionShenzhen

$7.28

-0.03 (-0.41%)

Fairly Valued+0.0%Fair Value $7.28Fund rank 22/100 · Data gapFallback financials|
SA 38/D
F-Score: 1/9
Declining RevenueMargin CompressionLow 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 $-595.8M · quality 33.7/100

Data gap 22/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 4/100Data 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

38/100

D

Piotroski

1/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 3unknown: 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 2 consecutive years Operating margin has declined for 3 consecutive years ROE is 0.8%, below the 5% threshold
Thesis & Journal · 002135.SZLocal privado en este navegador · Zhejiang Southeast Space Frame 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

$8.1B

P/E

728.0x

↑

EV/EBITDA

24.9x

↑

ROE

0.8%

↓

Gross Margin

9.1%

↓

Debt/Equity

0.95

↑
52-Week Range$7
$4$10

TradingView lightweight chart

002135.SZ price, volumen y niveles de valoración

Último $7.310Periodo -19.3%
Fair value: $7.280

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

-8.1%

FCF CAGR

—

FCF margin

-6.4%

FCF / Net income

-12.16x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $9.38B · net income $49.0M · FCF $-595.8M

2022-FY → 2025-FY

Gross margin

9.1%-2.8% pts

Operating margin

2.2%-3.2% pts

Net margin

0.5%-1.9% pts

FCF margin

-6.4%+5.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$9.38B$9.38B$11.24B$13.00B$12.06B
Net Income$49.0M$49.0M$190.5M$329.3M$290.7M
EBITDA$529.6M$529.6M$698.2M$786.3M$738.2M
EPS0.040.040.170.280.25
Gross Margin9.1%9.1%10.3%11.3%12.0%
Operating Margin2.2%2.2%4.0%4.9%5.4%
Net Margin0.5%0.5%1.7%2.5%2.4%
Balance Sheet
Debt/Equity0.950.950.840.800.54
Current Ratio1.671.67———
Cash Flow
Free Cash Flow$-595.8M$-595.8M$971.7M$-2.21B$-1.39B
Returns
ROE0.8%0.8%2.9%5.1%4.7%
Valuation
P/E728.00728.0023.4719.5026.20
EV/EBITDA24.9124.9110.8512.4212.68
P/B1.381.380.691.001.23
Growth & Yield
Revenue Growth-16.6%-16.6%-13.5%7.8%—
EPS Growth-76.5%-76.5%-39.3%12.0%—
Dividend Yield0.1%0.1%———

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

152.8%

muy exigente

EPS terminal req.

$0.65

Spread vs growth

-229.2%

5Y implied EPS CAGR

81.2%

muy exigente

EPS terminal req.

$0.78

Spread vs growth

-157.7%

10Y implied EPS CAGR

41.2%

muy exigente

EPS terminal req.

$1.26

Spread vs growth

-117.7%

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 +68.3%

Total return

+68.3%

Start / end P/E

25.5x → 182.0x

EPS bridge

0.17 → 0.04

Residual

-469.9%

EPS growth-76.5%
Multiple rerating+614.5%
Dividend+0.1%
Residual / FX / buybacks / cross-term-469.9%

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.