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002232.SZ$15.57+2.13%
Fair $15.57+0.0%

002232.SZ

Qiming Information Technology Co.,Ltd

Technology / Software - ApplicationShenzhen

$15.57

+0.33 (+2.13%)

Fairly Valued+0.0%Fair Value $15.57Fund rank 25/100 · Data gapFallback financials|
SA 40/C
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 $41.7M · quality 43.7/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 13/100Data 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

40/100

C

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. 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 2.3%, below the 5% threshold
Thesis & Journal · 002232.SZLocal privado en este navegador · Qiming Information Technology 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

$6.4B

P/E

129.8x

↑

EV/EBITDA

55.6x

↑

ROE

2.3%

↓

Gross Margin

27.4%

↓

Debt/Equity

0.00

↓
52-Week Range$16
$15$28

TradingView lightweight chart

002232.SZ price, volumen y niveles de valoración

Último $15.80Periodo +368.6%
Fair value: $15.57

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

-20.5%

FCF CAGR

—

FCF margin

5.4%

FCF / Net income

1.28x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $774.0M · net income $32.5M · FCF $41.7M

2022-FY → 2025-FY

Gross margin

27.4%+9.5% pts

Operating margin

6.6%+1.4% pts

Net margin

4.2%-0.5% pts

FCF margin

5.4%+14.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$774.0M$774.0M$878.3M$1.24B$1.54B
Net Income$32.5M$32.5M$4.1M$29.3M$73.2M
EBITDA$99.5M$99.5M$74.6M$77.0M$122.0M
EPS0.080.080.010.070.18
Gross Margin27.4%27.4%21.5%14.1%17.9%
Operating Margin6.6%6.6%-2.1%1.2%5.2%
Net Margin4.2%4.2%0.5%2.4%4.7%
Balance Sheet
Debt/Equity0.000.000.000.000.00
Current Ratio3.473.47———
Cash Flow
Free Cash Flow$41.7M$41.7M$-8.2M$206.0M$-137.7M
Returns
ROE2.3%2.3%0.3%2.1%5.3%
Valuation
P/E129.75129.751725.00225.4976.10
EV/EBITDA55.6255.6283.6974.6341.37
P/B4.504.505.084.774.03
Growth & Yield
Revenue Growth-11.9%-11.9%-29.3%-19.3%—
EPS Growth697.0%697.0%-86.1%-59.9%—
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

158.8%

muy exigente

EPS terminal req.

$1.38

Spread vs growth

538.2%

5Y implied EPS CAGR

83.8%

muy exigente

EPS terminal req.

$1.67

Spread vs growth

613.2%

10Y implied EPS CAGR

42.2%

muy exigente

EPS terminal req.

$2.69

Spread vs growth

654.8%

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 -9.7%

Total return

-9.7%

Start / end P/E

1753.0x → 198.2x

EPS bridge

0.01 → 0.08

Residual

-618.2%

EPS growth+697.0%
Multiple rerating-88.7%
Dividend+0.1%
Residual / FX / buybacks / cross-term-618.2%

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.