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1137.HK$1.06-4.50%
Fair $1.06+0.0%

1137.HK

Hong Kong Technology Venture Company Limited

Consumer Cyclical / Internet RetailHKSE

$1.06

-0.05 (-4.50%)

Fairly Valued+0.0%Fair Value $1.06Fund rank 33/100 · Data gapFallback financials|
SA 30/D
F-Score: 4/9
Margin CompressionLow 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 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $123.9M · quality 69.7/100

Data gap 33/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 64/100Data 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

30/100

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. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Operating margin has declined for 3 consecutive years ROE is -10.4%, below the 5% threshold
Thesis & Journal · 1137.HKLocal privado en este navegador · Hong Kong Technology Venture Company 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

$839M

P/E

N/A

•

EV/EBITDA

5.5x

↓

ROE

-10.4%

↓

Gross Margin

54.8%

↑

Debt/Equity

0.26

↓
52-Week Range$1
$1$2

TradingView lightweight chart

1137.HK price, volumen y niveles de valoración

Último $1.060Periodo -86.4%
Fair value: $1.060

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

+0.2%

FCF CAGR

-8.1%

FCF margin

4.7%

FCF / Net income

-1.22x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $3.86B · net income $-149.6M · FCF $182.1M

2022-FY → 2025-FY

Gross margin

54.8%+2.4% pts

Operating margin

-2.5%-6.5% pts

Net margin

-3.9%-9.4% pts

FCF margin

4.7%-1.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$3.86B$3.86B$3.84B$3.81B$3.83B
Net Income$-149.6M$-149.6M$-66.7M$45.3M$212.2M
EBITDA$157.6M$157.6M$257.9M$356.8M$438.8M
EPS-0.19-0.19-0.080.050.22
Gross Margin54.8%54.8%54.2%51.1%52.5%
Operating Margin-2.5%-2.5%-0.6%-0.0%4.0%
Net Margin-3.9%-3.9%-1.7%1.2%5.5%
Balance Sheet
Debt/Equity0.260.260.220.220.27
Current Ratio0.620.62———
Cash Flow
Free Cash Flow$182.1M$182.1M$123.9M$122.8M$234.5M
Returns
ROE-10.4%-10.4%-3.6%2.1%9.6%
Valuation
P/E———49.2026.32
EV/EBITDA5.485.484.526.8512.27
P/B0.580.580.691.072.48
Growth & Yield
Revenue Growth0.4%0.4%0.7%-0.4%—
EPS Growth-137.5%-137.5%-260.0%-77.3%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
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 -31.6%

Total return

-31.6%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.08 → -0.19

Residual

-31.6%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-31.6%

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.