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002659.SZ$4.46+3.39%
Fair $4.46+0.0%

002659.SZ

Beijing Kaiwen Education Technology Co., Ltd

Basic Materials / SteelShenzhen

$4.46

+0.15 (+3.39%)

Fairly Valued+0.0%Fair Value $4.46Fund rank 28/100 · Data gapFallback financials|
SA 28/D
F-Score: 6/9
Low 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 25% · confianza 25%

FCF escenarios

weak_data · normalized FCF $52.5M · quality 45.0/100

Data gap 28/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 38/100Data 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

28/100

D

Piotroski

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 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. ROE is -0.8%, below the 5% threshold
Thesis & Journal · 002659.SZLocal privado en este navegador · Beijing Kaiwen Education 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

$2.7B

P/E

N/A

•

EV/EBITDA

27.5x

↑

ROE

-0.8%

↓

Gross Margin

26.7%

↑

Debt/Equity

0.33

↑
52-Week Range$4
$4$7

TradingView lightweight chart

002659.SZ price, volumen y niveles de valoración

Último $4.580Periodo -42.0%
Fair value: $4.460

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

+26.4%

FCF CAGR

-25.8%

FCF margin

23.1%

FCF / Net income

-4.70x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $346.7M · net income $-17.0M · FCF $80.0M

2022-FY → 2025-FY

Gross margin

26.7%+12.4% pts

Operating margin

9.7%+32.7% pts

Net margin

-4.9%+51.3% pts

FCF margin

23.1%-90.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$346.7M$346.7M$319.7M$253.9M$171.8M
Net Income$-17.0M$-17.0M$-37.0M$-49.7M$-96.5M
EBITDA$109.0M$109.0M$81.5M$52.0M$32.9M
EPS-0.03-0.03-0.06-0.08-0.16
Gross Margin26.7%26.7%27.5%24.1%14.4%
Operating Margin9.7%9.7%6.5%-1.8%-23.0%
Net Margin-4.9%-4.9%-11.6%-19.6%-56.2%
Balance Sheet
Debt/Equity0.330.330.380.340.36
Current Ratio1.091.09———
Cash Flow
Free Cash Flow$80.0M$80.0M$52.5M$52.0M$195.7M
Returns
ROE-0.8%-0.8%-1.7%-2.3%-4.3%
Valuation
EV/EBITDA27.5427.5438.1461.59101.12
P/B1.181.181.201.291.32
Growth & Yield
Revenue Growth8.4%8.4%25.9%47.8%—
EPS Growth50.0%50.0%25.0%50.0%—

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 -5.0%

Total return

-5.0%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.06 → -0.03

Residual

-5.0%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-5.0%

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.