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0236.HK$1.20+0.84%
Fair $1.20+0.0%

0236.HK

San Miguel Brewery Hong Kong Limited

Consumer Defensive / Beverages - BrewersHKSE

$1.20

+0.01 (+0.84%)

Fairly Valued+0.0%Fair Value $1.20Fund rank 35/100 · Data gapFallback financials|
SA 57/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 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $64.2M · quality 73.0/100

Data gap 35/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 67/100Data 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

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. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · 0236.HKLocal privado en este navegador · San Miguel Brewery Hong Kong 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

$448M

P/E

6.0x

↓

EV/EBITDA

1.4x

↓

ROE

10.6%

↑

Gross Margin

40.1%

↑

Debt/Equity

0.01

↓
52-Week Range$1
$1$1

TradingView lightweight chart

0236.HK price, volumen y niveles de valoración

Último $1.200Periodo -4.0%
Fair value: $1.200

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

+2.7%

FCF CAGR

+53.7%

FCF margin

10.7%

FCF / Net income

1.04x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $737.3M · net income $76.1M · FCF $79.1M

2022-FY → 2025-FY

Gross margin

40.1%+3.8% pts

Operating margin

4.7%+3.8% pts

Net margin

10.3%+5.6% pts

FCF margin

10.7%+7.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$737.3M$737.3M$711.2M$741.6M$681.2M
Net Income$76.1M$76.1M$-20.1M$85.9M$32.3M
EBITDA$117.7M$117.7M$3.1M$90.9M$58.8M
EPS——-0.050.230.09
Gross Margin40.1%40.1%37.4%38.5%36.3%
Operating Margin4.7%4.7%0.7%3.7%0.9%
Net Margin10.3%10.3%-2.8%11.6%4.7%
Balance Sheet
Debt/Equity0.010.010.010.010.01
Current Ratio4.624.62———
Cash Flow
Free Cash Flow$79.1M$79.1M$48.5M$64.2M$21.8M
Returns
ROE10.6%10.6%-3.1%12.3%5.2%
Valuation
P/E6.006.00—3.708.11
EV/EBITDA1.441.4433.601.582.82
P/B0.620.620.480.460.44
Growth & Yield
Revenue Growth3.7%3.7%-4.1%8.9%—
EPS Growth——-121.7%155.6%—
Dividend Yield5.0%5.0%———

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 +55.0%

Total return

+55.0%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.05 → n/d

Residual

+50.0%

EPS growthn/d
Multiple reratingn/d
Dividend+5.0%
Residual / FX / buybacks / cross-term+50.0%

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.