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0213.HK$0.40+1.28%
Fair $0.40+0.0%

0213.HK

National Electronics Holdings Limited

Consumer Cyclical / Footwear & AccessoriesHKSE

$0.40

+0.01 (+1.28%)

Fairly Valued+0.0%Fair Value $0.40Fund rank 20/100 · Data gapFallback financials|
SA 36/D
F-Score: 4/9
High DebtLow 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 14%

FCF escenarios

weak_data · normalized FCF $-229.3M · quality 38.7/100

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

36/100

D

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: 2unknown: 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. Debt-to-Equity ratio is 2.20, above the 2.0 threshold ROE is 3.6%, below the 5% threshold
Thesis & Journal · 0213.HKLocal privado en este navegador · National Electronics 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

$360M

P/E

3.6x

↓

EV/EBITDA

19.6x

↑

ROE

3.6%

↓

Gross Margin

25.3%

↓

Debt/Equity

2.20

↑
52-Week Range$0
$0$0

TradingView lightweight chart

0213.HK price, volumen y niveles de valoración

Último $0.395Periodo +84.9%
Fair value: $0.395

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

-10.2%

FCF CAGR

—

FCF margin

-82.7%

FCF / Net income

-4.43x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $502.3M · net income $93.9M · FCF $-415.6M

2022-FY → 2025-FY

Gross margin

25.3%+12.6% pts

Operating margin

4.0%+9.1% pts

Net margin

18.7%+5.5% pts

FCF margin

-82.7%-22.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$502.3M$502.3M$578.2M$501.3M$694.6M
Net Income$93.9M$93.9M$41.1M$48.9M$91.4M
EBITDA$294.6M$294.6M$280.5M$237.4M$193.6M
EPS0.100.100.040.050.10
Gross Margin25.3%25.3%20.9%21.5%12.6%
Operating Margin4.0%4.0%2.4%-14.2%-5.1%
Net Margin18.7%18.7%7.1%9.7%13.2%
Balance Sheet
Debt/Equity2.202.201.941.931.80
Current Ratio1.231.23———
Cash Flow
Free Cash Flow$-415.6M$-415.6M$-229.3M$-88.5M$-418.6M
Returns
ROE3.6%3.6%1.6%1.9%3.5%
Valuation
P/E3.593.5915.5617.8811.05
EV/EBITDA19.6119.6119.1920.7623.84
P/B0.140.140.250.340.39
Growth & Yield
Revenue Growth-13.1%-13.1%15.3%-27.8%—
EPS Growth128.9%128.9%-13.5%-45.3%—
Dividend Yield1.3%1.3%———

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

-30.2%

fácil

EPS terminal req.

$0.04

Spread vs growth

159.1%

5Y implied EPS CAGR

-16.3%

fácil

EPS terminal req.

$0.04

Spread vs growth

145.2%

10Y implied EPS CAGR

-4.0%

fácil

EPS terminal req.

$0.07

Spread vs growth

132.9%

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 +6.6%

Total return

+6.6%

Start / end P/E

8.3x → 3.8x

EPS bridge

0.04 → 0.10

Residual

-69.6%

EPS growth+128.9%
Multiple rerating-54.0%
Dividend+1.3%
Residual / FX / buybacks / cross-term-69.6%

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.