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003650.KS$118800.00-3.08%
Fair $118800.00+0.0%

003650.KS

Michang Oil Ind. Co., Ltd.

Energy / Oil & Gas Refining & MarketingKSE

$118800.00

-3800.00 (-3.08%)

Fairly Valued+0.0%Fair Value $118800.00Fund rank 33/100 · Data gapFallback financials|
SA 58/C
F-Score: 5/9

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 25% · confianza 25%

FCF escenarios

weak_data · normalized FCF $37.8B · quality 67.3/100

Data gap 33/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 55/100Data 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

58/100

C

Piotroski

5/9

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 · 003650.KSLocal privado en este navegador · Michang Oil Ind. 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

$179.7B

P/E

2.6x

↓

EV/EBITDA

1.6x

↓

ROE

14.4%

↑

Gross Margin

11.9%

↓

Debt/Equity

0.03

↓
52-Week Range$118800
$98600$169000

TradingView lightweight chart

003650.KS price, volumen y niveles de valoración

Último $119,500Periodo +1519.2%
Fair value: $118,800

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

-1.1%

FCF CAGR

+38.6%

FCF margin

9.3%

FCF / Net income

0.55x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $405.49B · net income $68.87B · FCF $37.75B

2022-FY → 2025-FY

Gross margin

11.9%-1.9% pts

Operating margin

8.5%-2.0% pts

Net margin

17.0%+11.4% pts

FCF margin

9.3%+5.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$405.49B$405.49B$431.94B$409.23B$418.79B
Net Income$68.87B$68.87B$52.63B$47.65B$23.38B
EBITDA$94.11B$94.11B$73.19B$64.57B$34.97B
EPS45517.0045517.0034783.0031492.0015455.00
Gross Margin11.9%11.9%13.8%15.1%13.8%
Operating Margin8.5%8.5%10.6%11.7%10.5%
Net Margin17.0%17.0%12.2%11.6%5.6%
Balance Sheet
Debt/Equity0.030.030.130.040.01
Current Ratio4.134.13———
Cash Flow
Free Cash Flow$37.75B$37.75B$16.99B$53.27B$14.17B
Returns
ROE14.4%14.4%12.8%13.1%7.3%
Valuation
P/E2.612.612.552.284.67
EV/EBITDA1.571.572.091.422.48
P/B0.370.370.330.300.34
Growth & Yield
Revenue Growth-6.1%-6.1%5.5%-2.3%—
EPS Growth30.9%30.9%10.5%103.8%—
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

-38.6%

fácil

EPS terminal req.

$10541.52

Spread vs growth

69.4%

5Y implied EPS CAGR

-22.5%

fácil

EPS terminal req.

$12755.24

Spread vs growth

53.3%

10Y implied EPS CAGR

-7.6%

fácil

EPS terminal req.

$20542.44

Spread vs growth

38.5%

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 +20.7%

Total return

+20.7%

Start / end P/E

2.9x → 2.6x

EPS bridge

34783.00 → 45517.00

Residual

-3.1%

EPS growth+30.9%
Multiple rerating-10.0%
Dividend+2.9%
Residual / FX / buybacks / cross-term-3.1%

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.