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002228.SZ$3.40-2.02%
Fair $3.40+0.0%

002228.SZ

Xiamen Hexing Packaging Printing Co., Ltd.

Consumer Cyclical / Packaging & ContainersShenzhen

$3.40

-0.07 (-2.02%)

Fairly Valued+0.0%Fair Value $3.40Fund rank 33/100 · Data gapFallback financials|
SA 36/D
F-Score: 6/9
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 26% · confianza 25%

FCF escenarios

weak_data · normalized FCF $162.5M · quality 65.0/100

Data gap 33/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 52/100Data 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

36/100

D

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: 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 3.5%, below the 5% threshold
Thesis & Journal · 002228.SZLocal privado en este navegador · Xiamen Hexing Packaging Printing 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

$4.1B

P/E

37.8x

↑

EV/EBITDA

9.4x

↑

ROE

3.5%

↓

Gross Margin

13.0%

↓

Debt/Equity

0.41

↓
52-Week Range$3
$3$7

TradingView lightweight chart

002228.SZ price, volumen y niveles de valoración

Último $3.400Periodo +70.2%
Fair value: $3.400

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

-12.8%

FCF CAGR

-56.2%

FCF margin

0.2%

FCF / Net income

0.21x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $10.19B · net income $103.5M · FCF $22.0M

2022-FY → 2025-FY

Gross margin

13.0%+4.2% pts

Operating margin

2.6%+1.2% pts

Net margin

1.0%+0.2% pts

FCF margin

0.2%-1.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$10.19B$10.19B$11.47B$12.41B$15.38B
Net Income$103.5M$103.5M$93.6M$103.1M$132.2M
EBITDA$481.1M$481.1M$443.7M$470.3M$444.2M
EPS0.090.090.080.090.11
Gross Margin13.0%13.0%12.0%11.4%8.8%
Operating Margin2.6%2.6%2.4%2.0%1.3%
Net Margin1.0%1.0%0.8%0.8%0.9%
Balance Sheet
Debt/Equity0.410.410.400.480.53
Current Ratio1.211.21———
Cash Flow
Free Cash Flow$22.0M$22.0M$358.3M$162.5M$261.5M
Returns
ROE3.5%3.5%2.9%3.1%4.0%
Valuation
P/E37.7837.7835.7538.5629.73
EV/EBITDA9.429.429.1310.5111.66
P/B1.311.311.051.211.18
Growth & Yield
Revenue Growth-11.1%-11.1%-7.6%-19.3%—
EPS Growth12.5%12.5%-11.1%-18.2%—
Dividend Yield8.1%8.1%———

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

49.7%

muy exigente

EPS terminal req.

$0.30

Spread vs growth

-37.2%

5Y implied EPS CAGR

32.3%

muy exigente

EPS terminal req.

$0.37

Spread vs growth

-19.8%

10Y implied EPS CAGR

20.6%

exigente

EPS terminal req.

$0.59

Spread vs growth

-8.1%

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 +8.4%

Total return

+8.4%

Start / end P/E

42.4x → 37.8x

EPS bridge

0.08 → 0.09

Residual

-1.4%

EPS growth+12.5%
Multiple rerating-10.8%
Dividend+8.1%
Residual / FX / buybacks / cross-term-1.4%

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.