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v0.1
0104.HK$0.24+3.38%
Fair $0.24+0.0%

0104.HK

Asia Commercial Holdings Limited

Consumer Cyclical / Specialty RetailHKSE

$0.24

+0.01 (+3.38%)

Fairly Valued+0.0%Fair Value $0.24Fund rank 36/100 · Data gapFallback financials|
SA 57/C
F-Score: 6/9

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 $84.0M · quality 75.7/100

Data gap 36/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 74/100Data 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

57/100

C

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: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists.
Thesis & Journal · 0104.HKLocal privado en este navegador · Asia Commercial Holdings Limited
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

$183M

P/E

8.2x

↓

EV/EBITDA

1.8x

↓

ROE

5.5%

↑

Gross Margin

32.8%

↑

Debt/Equity

0.37

↓
52-Week Range$0
$0$0

TradingView lightweight chart

0104.HK price, volumen y niveles de valoración

Último $0.245Periodo -90.7%
Fair value: $0.245

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

-3.3%

FCF CAGR

-14.5%

FCF margin

14.5%

FCF / Net income

4.21x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $709.4M · net income $24.5M · FCF $103.0M

2022-FY → 2025-FY

Gross margin

32.8%+4.1% pts

Operating margin

14.8%+2.1% pts

Net margin

3.4%-7.2% pts

FCF margin

14.5%-6.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$709.4M$709.4M$705.4M$710.6M$784.8M
Net Income$24.5M$24.5M$26.2M$43.7M$83.8M
EBITDA$96.0M$96.0M$105.5M$125.0M$165.0M
EPS0.030.030.040.060.11
Gross Margin32.8%32.8%33.2%32.2%28.7%
Operating Margin14.8%14.8%14.6%17.5%12.7%
Net Margin3.4%3.4%3.7%6.1%10.7%
Balance Sheet
Debt/Equity0.370.370.460.500.55
Current Ratio1.591.59———
Cash Flow
Free Cash Flow$103.0M$103.0M$67.7M$84.0M$164.9M
Returns
ROE5.5%5.5%5.9%9.5%17.9%
Valuation
P/E8.178.178.403.441.82
EV/EBITDA1.821.822.481.481.24
P/B0.410.410.500.330.33
Growth & Yield
Revenue Growth0.6%0.6%-0.7%-9.5%—
EPS Growth-6.8%-6.8%-39.9%-48.0%—
Dividend Yield11.3%11.3%———

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

-12.7%

fácil

EPS terminal req.

$0.02

Spread vs growth

5.9%

5Y implied EPS CAGR

-4.3%

fácil

EPS terminal req.

$0.03

Spread vs growth

-2.6%

10Y implied EPS CAGR

2.6%

fácil

EPS terminal req.

$0.04

Spread vs growth

-9.5%

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 +19.7%

Total return

+19.7%

Start / end P/E

6.4x → 7.5x

EPS bridge

0.04 → 0.03

Residual

-1.1%

EPS growth-6.8%
Multiple rerating+16.4%
Dividend+11.3%
Residual / FX / buybacks / cross-term-1.1%

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.