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1184.HK$6.38+5.28%
Fair $6.38+0.0%

1184.HK

S.A.S. Dragon Holdings Limited

Technology / Electronics & Computer DistributionHKSE

$6.38

+0.32 (+5.28%)

Fairly Valued+0.0%Fair Value $6.38Fund rank 35/100 · Data gapFallback financials|
SA 69/B
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 $795.8M · quality 69.0/100

Data gap 35/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 76/100Data 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

69/100

B

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 · 1184.HKLocal privado en este navegador · S.A.S. Dragon 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

$4.0B

P/E

7.2x

↓

EV/EBITDA

3.1x

↓

ROE

17.5%

↑

Gross Margin

4.4%

↓

Debt/Equity

0.84

↑
52-Week Range$6
$4$7

TradingView lightweight chart

1184.HK price, volumen y niveles de valoración

Último $6.380Periodo +2100.0%
Fair value: $6.380

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

+6.9%

FCF CAGR

-6.7%

FCF margin

2.6%

FCF / Net income

1.43x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $30.54B · net income $556.7M · FCF $795.8M

2022-FY → 2025-FY

Gross margin

4.4%-0.8% pts

Operating margin

3.1%-0.4% pts

Net margin

1.8%+0.2% pts

FCF margin

2.6%-1.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$30.54B$30.54B$27.76B$22.37B$24.97B
Net Income$556.7M$556.7M$501.2M$403.8M$400.3M
EBITDA$932.7M$932.7M$910.1M$847.9M$781.4M
EPS0.890.890.800.650.64
Gross Margin4.4%4.4%5.2%5.9%5.1%
Operating Margin3.1%3.1%3.7%4.0%3.5%
Net Margin1.8%1.8%1.8%1.8%1.6%
Balance Sheet
Debt/Equity0.840.840.830.400.65
Current Ratio1.341.34———
Cash Flow
Free Cash Flow$795.8M$795.8M$549.3M$1.03B$979.2M
Returns
ROE17.5%17.5%17.5%15.3%16.3%
Valuation
P/E7.177.175.245.426.02
EV/EBITDA3.113.112.291.973.30
P/B1.251.250.920.830.98
Growth & Yield
Revenue Growth10.0%10.0%24.1%-10.4%—
EPS Growth11.1%11.1%24.1%0.9%—
Dividend Yield6.3%6.3%———

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

-14.0%

fácil

EPS terminal req.

$0.57

Spread vs growth

25.1%

5Y implied EPS CAGR

-5.1%

fácil

EPS terminal req.

$0.69

Spread vs growth

16.2%

10Y implied EPS CAGR

2.2%

fácil

EPS terminal req.

$1.10

Spread vs growth

8.9%

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 +65.8%

Total return

+65.8%

Start / end P/E

5.0x → 7.2x

EPS bridge

0.80 → 0.89

Residual

+4.8%

EPS growth+11.1%
Multiple rerating+43.6%
Dividend+6.3%
Residual / FX / buybacks / cross-term+4.8%

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.