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002632.SZ$10.38+0.29%
Fair $10.38+0.0%

002632.SZ

Daoming Optics&Chemical Co.,Ltd

Basic Materials / Specialty ChemicalsShenzhen

$10.38

+0.03 (+0.29%)

Fairly Valued+0.0%Fair Value $10.38Fund rank 36/100 · Data gapFallback financials|
SA 59/C
F-Score: 7/9

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 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $231.3M · quality 70.3/100

Data gap 36/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 65/100Data 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

59/100

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: 0unknown: 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.
Thesis & Journal · 002632.SZLocal privado en este navegador · Daoming Optics&Chemical 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

$6.5B

P/E

31.5x

↑

EV/EBITDA

16.9x

↑

ROE

10.1%

↑

Gross Margin

34.0%

↑

Debt/Equity

0.14

↓
52-Week Range$10
$8$17

TradingView lightweight chart

002632.SZ price, volumen y niveles de valoración

Último $10.35Periodo +87.1%
Fair value: $10.38

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

+5.0%

FCF CAGR

+153.1%

FCF margin

27.3%

FCF / Net income

1.83x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.49B · net income $221.6M · FCF $406.6M

2022-FY → 2025-FY

Gross margin

34.0%+3.4% pts

Operating margin

19.5%+5.8% pts

Net margin

14.9%-9.5% pts

FCF margin

27.3%+25.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.49B$1.49B$1.44B$1.32B$1.29B
Net Income$221.6M$221.6M$169.9M$156.7M$313.9M
EBITDA$385.8M$385.8M$329.0M$325.3M$532.3M
EPS0.350.350.270.250.50
Gross Margin34.0%34.0%34.0%33.7%30.5%
Operating Margin19.5%19.5%19.6%15.9%13.7%
Net Margin14.9%14.9%11.8%11.8%24.4%
Balance Sheet
Debt/Equity0.140.140.200.000.00
Current Ratio2.412.41———
Cash Flow
Free Cash Flow$406.6M$406.6M$231.3M$185.2M$25.1M
Returns
ROE10.1%10.1%8.0%7.1%13.4%
Valuation
P/E31.4531.4528.7033.4813.50
EV/EBITDA16.8516.8515.3514.537.11
P/B3.013.012.292.361.81
Growth & Yield
Revenue Growth3.5%3.5%9.0%2.8%—
EPS Growth29.6%29.6%8.0%-50.0%—
Dividend Yield2.9%2.9%———

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

38.1%

muy exigente

EPS terminal req.

$0.92

Spread vs growth

-8.4%

5Y implied EPS CAGR

26.1%

muy exigente

EPS terminal req.

$1.11

Spread vs growth

3.6%

10Y implied EPS CAGR

17.8%

exigente

EPS terminal req.

$1.79

Spread vs growth

11.9%

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 +22.8%

Total return

+22.8%

Start / end P/E

32.1x → 29.7x

EPS bridge

0.27 → 0.35

Residual

-2.2%

EPS growth+29.6%
Multiple rerating-7.5%
Dividend+2.9%
Residual / FX / buybacks / cross-term-2.2%

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.