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002344.SZ$4.06+2.78%
Fair $4.06+0.0%

002344.SZ

Haining China Leather Market Co.,Ltd

Consumer Cyclical / Specialty RetailShenzhen

$4.06

+0.11 (+2.78%)

Fairly Valued+0.0%Fair Value $4.06Fund rank 25/100 · Data gapFallback financials|
SA 27/D
F-Score: 3/9
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 18%

FCF escenarios

weak_data · normalized FCF $-83.0M · 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 7/100Data 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

27/100

D

Piotroski

3/9

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 3 consecutive years Operating margin has declined for 3 consecutive years ROE is 0.8%, below the 5% threshold
Thesis & Journal · 002344.SZLocal privado en este navegador · Haining China Leather Market 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

$5.2B

P/E

101.5x

↑

EV/EBITDA

11.2x

↑

ROE

0.8%

↓

Gross Margin

37.5%

↑

Debt/Equity

0.20

↓
52-Week Range$4
$4$5

TradingView lightweight chart

002344.SZ price, volumen y niveles de valoración

Último $4.060Periodo -26.0%
Fair value: $4.060

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

-8.8%

FCF CAGR

—

FCF margin

-10.8%

FCF / Net income

-1.61x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.06B · net income $70.6M · FCF $-113.7M

2022-FY → 2025-FY

Gross margin

37.5%-2.8% pts

Operating margin

14.2%-12.9% pts

Net margin

6.7%-12.7% pts

FCF margin

-10.8%+3.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.06B$1.06B$1.10B$1.29B$1.39B
Net Income$70.6M$70.6M$88.8M$177.5M$270.1M
EBITDA$538.5M$538.5M$585.4M$683.0M$817.2M
EPS0.060.060.070.140.21
Gross Margin37.5%37.5%37.0%39.2%40.3%
Operating Margin14.2%14.2%14.4%17.2%27.1%
Net Margin6.7%6.7%8.1%13.7%19.4%
Balance Sheet
Debt/Equity0.200.200.130.180.18
Current Ratio0.920.92———
Cash Flow
Free Cash Flow$-113.7M$-113.7M$265.5M$-83.0M$-203.5M
Returns
ROE0.8%0.8%1.1%2.1%3.3%
Valuation
P/E101.50101.5061.2929.1421.05
EV/EBITDA11.2311.239.278.096.39
P/B0.570.570.650.620.69
Growth & Yield
Revenue Growth-3.6%-3.6%-15.1%-7.3%—
EPS Growth-14.3%-14.3%-50.0%-33.3%—
Dividend Yield0.9%0.9%———

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

81.8%

muy exigente

EPS terminal req.

$0.36

Spread vs growth

-96.0%

5Y implied EPS CAGR

48.7%

muy exigente

EPS terminal req.

$0.44

Spread vs growth

-63.0%

10Y implied EPS CAGR

27.9%

muy exigente

EPS terminal req.

$0.70

Spread vs growth

-42.2%

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 -6.2%

Total return

-6.2%

Start / end P/E

62.4x → 67.7x

EPS bridge

0.07 → 0.06

Residual

-1.2%

EPS growth-14.3%
Multiple rerating+8.4%
Dividend+0.9%
Residual / FX / buybacks / cross-term-1.2%

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.