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002669.SZ$15.91+1.21%
Fair $15.91+0.0%

002669.SZ

Kangda New Materials (Group) Co., Ltd.

Basic Materials / Specialty ChemicalsShenzhen

$15.91

+0.19 (+1.21%)

Fairly Valued+0.0%Fair Value $15.91Fund rank 23/100 · Data gapFallback financials|
SA 45/C
F-Score: 4/9
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 34% · confianza 18%

FCF escenarios

weak_data · normalized FCF $-479.4M · quality 45.7/100

Data gap 23/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 15/100Data 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

45/100

C

Piotroski

4/9

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 4.5%, below the 5% threshold
Thesis & Journal · 002669.SZLocal privado en este navegador · Kangda New Materials (Group) 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

$4.8B

P/E

37.0x

↑

EV/EBITDA

16.5x

↑

ROE

4.5%

↑

Gross Margin

14.1%

↓

Debt/Equity

1.01

↑
52-Week Range$16
$10$19

TradingView lightweight chart

002669.SZ price, volumen y niveles de valoración

Último $15.91Periodo +135.7%
Fair value: $15.91

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

+28.5%

FCF CAGR

—

FCF margin

-29.8%

FCF / Net income

-12.44x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $5.24B · net income $125.4M · FCF $-1.56B

2022-FY → 2025-FY

Gross margin

14.1%-5.8% pts

Operating margin

5.7%+0.7% pts

Net margin

2.4%+0.5% pts

FCF margin

-29.8%-13.6% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$5.24B$5.24B$3.10B$2.79B$2.47B
Net Income$125.4M$125.4M$-246.2M$30.3M$47.9M
EBITDA$411.6M$411.6M$-5.5M$254.9M$205.7M
EPS0.430.43-0.820.100.18
Gross Margin14.1%14.1%17.1%21.0%19.9%
Operating Margin5.7%5.7%0.6%4.3%5.1%
Net Margin2.4%2.4%-7.9%1.1%1.9%
Balance Sheet
Debt/Equity1.011.010.820.830.42
Current Ratio1.131.13———
Cash Flow
Free Cash Flow$-1.56B$-1.56B$34.4M$-479.4M$-399.0M
Returns
ROE4.5%4.5%-9.0%1.0%1.6%
Valuation
P/E37.0037.00—116.3076.97
EV/EBITDA16.4916.49—21.4921.35
P/B1.671.670.961.181.23
Growth & Yield
Revenue Growth68.9%68.9%11.0%13.2%—
EPS Growth151.7%151.7%-924.0%-43.8%—
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%

3Y implied EPS CAGR

49.1%

muy exigente

EPS terminal req.

$1.41

Spread vs growth

102.6%

5Y implied EPS CAGR

32.0%

muy exigente

EPS terminal req.

$1.71

Spread vs growth

119.7%

10Y implied EPS CAGR

20.5%

exigente

EPS terminal req.

$2.75

Spread vs growth

131.2%

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 +50.7%

Total return

+50.7%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.82 → 0.43

Residual

+50.1%

EPS growthn/d
Multiple reratingn/d
Dividend+0.6%
Residual / FX / buybacks / cross-term+50.1%

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.