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1234.TW$34.90+1.01%
Fair $34.90+0.0%

1234.TW

Hey Song Corporation

Consumer Defensive / Beverages - Non-AlcoholicTaiwan

$34.90

+0.35 (+1.01%)

Fairly Valued+0.0%Fair Value $34.90Fund rank 28/100 · Data gapFallback financials|
SA 34/D
F-Score: 2/9
Declining RevenueLow 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 19%

FCF escenarios

weak_data · normalized FCF $64.4M · quality 48.3/100

Data gap 28/100
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

34/100

D

Piotroski

2/9

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. Revenue has declined for 2 consecutive years ROE is 4.3%, below the 5% threshold
Thesis & Journal · 1234.TWLocal privado en este navegador · Hey Song Corporation
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

$14.0B

P/E

17.4x

↑

EV/EBITDA

10.7x

↑

ROE

4.3%

↓

Gross Margin

29.1%

↑

Debt/Equity

0.11

↓
52-Week Range$35
$33$42

TradingView lightweight chart

1234.TW price, volumen y niveles de valoración

Último $34.90Periodo +107.1%
Fair value: $34.90

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

—

FCF margin

-1.8%

FCF / Net income

-0.22x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $9.51B · net income $804.3M · FCF $-175.6M

2022-FY → 2025-FY

Gross margin

29.1%+1.1% pts

Operating margin

4.4%-1.8% pts

Net margin

8.5%-0.8% pts

FCF margin

-1.8%-8.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$9.51B$9.51B$10.25B$10.58B$9.56B
Net Income$804.3M$804.3M$947.4M$948.4M$886.1M
EBITDA$1.39B$1.39B$1.57B$1.56B$1.46B
EPS——2.362.362.20
Gross Margin29.1%29.1%29.7%28.0%28.0%
Operating Margin4.4%4.4%6.8%6.8%6.2%
Net Margin8.5%8.5%9.2%9.0%9.3%
Balance Sheet
Debt/Equity0.110.110.090.040.06
Current Ratio2.682.68———
Cash Flow
Free Cash Flow$-175.6M$-175.6M$64.4M$1.03B$592.2M
Returns
ROE4.3%4.3%5.0%5.1%4.8%
Valuation
P/E17.4517.4517.4217.1014.82
EV/EBITDA10.7110.7110.739.929.02
P/B0.740.740.880.870.71
Growth & Yield
Revenue Growth-7.2%-7.2%-3.1%10.6%—
EPS Growth——0.0%7.3%—
Dividend Yield4.8%4.8%———

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 -12.3%

Total return

-12.3%

Start / end P/E

n/dx → n/dx

EPS bridge

2.36 → n/d

Residual

-17.1%

EPS growthn/d
Multiple reratingn/d
Dividend+4.8%
Residual / FX / buybacks / cross-term-17.1%

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.