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v0.1
1868.HK$0.33+0.00%
Fair $0.33+0.0%

1868.HK

Neo-Neon Holdings Limited

Consumer Cyclical / Furnishings, Fixtures & AppliancesHKSE

$0.33

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $0.33Fund rank 31/100 · Data gapFallback financials|
SA 38/D
F-Score: 2/9
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 33% · confianza 22%

FCF escenarios

weak_data · normalized FCF $49.6M · quality 55.3/100

Data gap 31/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 33/100Data 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

38/100

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. Sector-specific holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists. Operating margin has declined for 3 consecutive years ROE is 0.5%, below the 5% threshold
Thesis & Journal · 1868.HKLocal privado en este navegador · Neo-Neon 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

$690M

P/E

94.3x

↑

EV/EBITDA

3.0x

↓

ROE

0.5%

↓

Gross Margin

40.0%

↑

Debt/Equity

0.04

↓
52-Week Range$0
$0$1

TradingView lightweight chart

1868.HK price, volumen y niveles de valoración

Último $0.330Periodo -96.3%
Fair value: $0.330

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

-6.8%

FCF CAGR

—

FCF margin

-5.7%

FCF / Net income

-5.93x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $750.6M · net income $7.2M · FCF $-43.0M

2022-FY → 2025-FY

Gross margin

40.0%+2.5% pts

Operating margin

-2.7%-7.3% pts

Net margin

1.0%-4.3% pts

FCF margin

-5.7%-17.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$750.6M$750.6M$746.1M$786.1M$927.5M
Net Income$7.2M$7.2M$37.2M$26.8M$48.8M
EBITDA$36.9M$36.9M$74.1M$65.6M$133.0M
EPS0.000.000.020.010.02
Gross Margin40.0%40.0%43.2%44.0%37.5%
Operating Margin-2.7%-2.7%-1.2%-0.9%4.6%
Net Margin1.0%1.0%5.0%3.4%5.3%
Balance Sheet
Debt/Equity0.040.040.020.030.03
Current Ratio6.596.59———
Cash Flow
Free Cash Flow$-43.0M$-43.0M$49.6M$97.3M$106.2M
Returns
ROE0.5%0.5%2.3%1.7%3.3%
Valuation
P/E94.2994.2921.6332.8118.88
EV/EBITDA3.023.023.136.481.41
P/B0.440.440.500.570.63
Growth & Yield
Revenue Growth0.6%0.6%-5.1%-15.2%—
EPS Growth-80.3%-80.3%39.1%-45.1%—

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

103.0%

muy exigente

EPS terminal req.

$0.03

Spread vs growth

-183.3%

5Y implied EPS CAGR

58.9%

muy exigente

EPS terminal req.

$0.04

Spread vs growth

-139.2%

10Y implied EPS CAGR

32.2%

muy exigente

EPS terminal req.

$0.06

Spread vs growth

-112.5%

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 -12.0%

Total return

-12.0%

Start / end P/E

21.1x → 94.3x

EPS bridge

0.02 → 0.00

Residual

-279.2%

EPS growth-80.3%
Multiple rerating+347.5%
Dividend+0.0%
Residual / FX / buybacks / cross-term-279.2%

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.