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002455.SZ$8.57-2.28%
Fair $8.57+0.0%

002455.SZ

Jiangsu Baichuan High-Tech New Materials Co., Ltd

Basic Materials / Specialty ChemicalsShenzhen

$8.57

-0.20 (-2.28%)

Fairly Valued+0.0%Fair Value $8.57Fund rank 16/100 · Data gapFallback financials|
SA 15/F
F-Score: 3/9
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 $-6.4M · 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

15/100

F

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: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Debt-to-Equity ratio is 3.72, above the 2.0 threshold ROE is -6.0%, below the 5% threshold
Thesis & Journal · 002455.SZLocal privado en este navegador · Jiangsu Baichuan High-Tech New Materials 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

$6.2B

P/E

N/A

•

EV/EBITDA

16.6x

↑

ROE

-6.0%

↓

Gross Margin

4.9%

↓

Debt/Equity

3.72

↑
52-Week Range$9
$7$17

TradingView lightweight chart

002455.SZ price, volumen y niveles de valoración

Último $8.770Periodo +43.6%
Fair value: $8.570

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

+11.8%

FCF CAGR

—

FCF margin

2.1%

FCF / Net income

-1.10x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $5.77B · net income $-107.8M · FCF $118.9M

2022-FY → 2025-FY

Gross margin

4.9%-5.2% pts

Operating margin

0.2%-5.1% pts

Net margin

-1.9%-5.2% pts

FCF margin

2.1%+54.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$5.77B$5.77B$5.56B$4.11B$4.13B
Net Income$-107.8M$-107.8M$108.7M$-466.1M$135.8M
EBITDA$673.8M$673.8M$745.9M$-160.0M$509.9M
EPS-0.18-0.180.15-0.790.22
Gross Margin4.9%4.9%10.1%1.8%10.1%
Operating Margin0.2%0.2%5.4%-3.4%5.4%
Net Margin-1.9%-1.9%2.0%-11.3%3.3%
Balance Sheet
Debt/Equity3.723.723.523.211.99
Current Ratio0.490.49———
Cash Flow
Free Cash Flow$118.9M$118.9M$-6.4M$-1.15B$-2.16B
Returns
ROE-6.0%-6.0%5.7%-25.0%5.7%
Valuation
P/E——46.53—44.36
EV/EBITDA16.5516.5514.81—19.06
P/B2.872.872.632.302.54
Growth & Yield
Revenue Growth3.8%3.8%35.1%-0.4%—
EPS Growth-220.0%-220.0%119.0%-459.1%—
Dividend Yield0.6%0.6%———

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 +14.1%

Total return

+14.1%

Start / end P/E

n/dx → n/dx

EPS bridge

0.15 → -0.18

Residual

+13.5%

EPS growthn/d
Multiple reratingn/d
Dividend+0.6%
Residual / FX / buybacks / cross-term+13.5%

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.