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002289.SZ$41.70-4.71%
Fair $41.70+0.0%

002289.SZ

Shenzhen Success Electronics Co., Ltd

Technology / Electronic ComponentsShenzhen

$41.70

-2.06 (-4.71%)

Fairly Valued+0.0%Fair Value $41.70Fund rank 16/100 · Data gapFallback financials|
SA 38/D
F-Score: 5/9
High DebtLow 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 35% · confianza 10%

FCF escenarios

weak_data · normalized FCF $-13.4M · quality 13.7/100

Data gap 16/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 6/100Data 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

5/9

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. Debt-to-Equity ratio is 7.64, above the 2.0 threshold ROE is -6.8%, below the 5% threshold
Thesis & Journal · 002289.SZLocal privado en este navegador · Shenzhen Success Electronics 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

$11.7B

P/E

347.5x

↑

EV/EBITDA

362.1x

↑

ROE

-6.8%

↓

Gross Margin

27.0%

↓

Debt/Equity

7.64

↑
52-Week Range$42
$13$49

TradingView lightweight chart

002289.SZ price, volumen y niveles de valoración

Último $41.70Periodo +181.5%
Fair value: $41.70

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

+34.3%

FCF CAGR

—

FCF margin

36.6%

FCF / Net income

-8.22x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $327.4M · net income $-14.6M · FCF $119.9M

2022-FY → 2025-FY

Gross margin

27.0%+17.6% pts

Operating margin

4.0%+20.0% pts

Net margin

-4.5%+14.4% pts

FCF margin

36.6%+37.1% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$327.4M$327.4M$220.3M$155.2M$135.1M
Net Income$-14.6M$-14.6M$-17.6M$964417.28$-25.5M
EBITDA$35.2M$35.2M$-2.8M$9.7M$-13.9M
EPS-0.05-0.05-0.060.00-0.09
Gross Margin27.0%27.0%21.2%13.9%9.4%
Operating Margin4.0%4.0%-5.5%-8.8%-16.1%
Net Margin-4.5%-4.5%-8.0%0.6%-18.9%
Balance Sheet
Debt/Equity7.647.640.180.130.06
Current Ratio1.251.25———
Cash Flow
Free Cash Flow$119.9M$119.9M$-44.5M$-13.4M$-616217.08
Returns
ROE-6.8%-6.8%-7.6%0.4%-10.3%
Valuation
P/E347.50347.50—1647.06—
EV/EBITDA362.11362.11—157.84—
P/B54.0454.044.756.419.23
Growth & Yield
Revenue Growth48.6%48.6%41.9%14.9%—
EPS Growth16.9%16.9%-1944.1%103.7%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

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 +186.8%

Total return

+186.8%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.06 → -0.05

Residual

+186.8%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+186.8%

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.