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1905.TW$12.15+1.67%
Fair $12.15+0.0%

1905.TW

Chung Hwa Pulp Corporation

Basic Materials / Paper & Paper ProductsTaiwan

$12.15

+0.20 (+1.67%)

Fairly Valued+0.0%Fair Value $12.15Fund rank 29/100 · Data gapFallback financials|
SA 14/F
F-Score: 0/9
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 21%

FCF escenarios

weak_data · normalized FCF $-1.8B · quality 56.7/100

Data gap 29/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 37/100Data 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

14/100

F

Piotroski

0/9

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 commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Revenue has declined for 3 consecutive years ROE is -3.8%, below the 5% threshold
Thesis & Journal · 1905.TWLocal privado en este navegador · Chung Hwa Pulp 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

$13.4B

P/E

N/A

•

EV/EBITDA

33.2x

↑

ROE

-3.8%

↓

Gross Margin

2.7%

↓

Debt/Equity

0.99

↑
52-Week Range$12
$11$19

TradingView lightweight chart

1905.TW price, volumen y niveles de valoración

Último $12.15Periodo -34.1%
Fair value: $12.15

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

-7.4%

FCF CAGR

—

FCF margin

-15.0%

FCF / Net income

4.61x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $18.77B · net income $-612.6M · FCF $-2.82B

2022-FY → 2025-FY

Gross margin

2.7%-8.1% pts

Operating margin

-8.1%-9.2% pts

Net margin

-3.3%-5.1% pts

FCF margin

-15.0%-13.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$18.77B$18.77B$20.77B$20.96B$23.65B
Net Income$-612.6M$-612.6M$-252.1M$-573.4M$445.9M
EBITDA$828.2M$828.2M$1.22B$751.0M$1.91B
EPS——-0.23-0.530.41
Gross Margin2.7%2.7%7.4%5.2%10.8%
Operating Margin-8.1%-8.1%-2.7%-4.1%1.0%
Net Margin-3.3%-3.3%-1.2%-2.7%1.9%
Balance Sheet
Debt/Equity0.990.990.920.820.74
Current Ratio1.171.17———
Cash Flow
Free Cash Flow$-2.82B$-2.82B$-1.83B$-564.2M$-494.7M
Returns
ROE-3.8%-3.8%-1.6%-3.8%2.8%
Valuation
P/E————40.24
EV/EBITDA33.1933.1925.3148.5115.04
P/B0.830.831.131.641.14
Growth & Yield
Revenue Growth-9.6%-9.6%-0.9%-11.4%—
EPS Growth——56.6%-229.3%—

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 -14.4%

Total return

-14.4%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.23 → n/d

Residual

-14.4%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-14.4%

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.