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1408.HK$0.39-1.28%
Fair $0.39+0.0%

1408.HK

Macau E&M Holding Limited

Industrials / Engineering & ConstructionHKSE

$0.39

-0.00 (-1.28%)

Fairly Valued+0.0%Fair Value $0.39Fund rank 25/100 · Data gapFallback financials|
SA 33/D
F-Score: 5/9
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 18%

FCF escenarios

weak_data · normalized FCF $23.6M · quality 43.7/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 9/100Data 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

33/100

D

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: 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. Revenue has declined for 3 consecutive years ROE is 1.1%, below the 5% threshold
Thesis & Journal · 1408.HKLocal privado en este navegador · Macau E&M Holding 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

$193M

P/E

N/A

•

EV/EBITDA

25.0x

↑

ROE

1.1%

↓

Gross Margin

16.0%

↓

Debt/Equity

0.08

↓
52-Week Range$0
$0$0

TradingView lightweight chart

1408.HK price, volumen y niveles de valoración

Último $0.385Periodo -86.5%
Fair value: $0.385

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

-18.7%

FCF CAGR

—

FCF margin

30.7%

FCF / Net income

10.83x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $76.8M · net income $2.2M · FCF $23.6M

2022-FY → 2025-FY

Gross margin

16.0%-1.5% pts

Operating margin

-3.1%-9.3% pts

Net margin

2.8%-3.7% pts

FCF margin

30.7%+57.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$76.8M$76.8M$92.1M$128.3M$143.0M
Net Income$2.2M$2.2M$-2.5M$-3.8M$9.3M
EBITDA$3.6M$3.6M$-1.1M$-2.3M$12.6M
EPS——-0.01-0.010.02
Gross Margin16.0%16.0%7.8%5.8%17.5%
Operating Margin-3.1%-3.1%-7.4%-5.8%6.3%
Net Margin2.8%2.8%-2.7%-2.9%6.5%
Balance Sheet
Debt/Equity0.080.080.060.060.07
Current Ratio11.2311.23———
Cash Flow
Free Cash Flow$23.6M$23.6M$-3.9M$24.9M$-38.7M
Returns
ROE1.1%1.1%-1.2%-1.8%4.3%
Valuation
P/E————13.71
EV/EBITDA24.9924.99——9.68
P/B0.940.940.380.390.59
Growth & Yield
Revenue Growth-16.6%-16.6%-28.2%-10.3%—
EPS Growth——33.3%-140.3%—
Dividend Yield0.5%0.5%———

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 +166.1%

Total return

+166.1%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.01 → n/d

Residual

+165.5%

EPS growthn/d
Multiple reratingn/d
Dividend+0.5%
Residual / FX / buybacks / cross-term+165.5%

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.