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v0.1
1906.HK$0.45-10.00%
Fair $0.45+0.0%

1906.HK

Bonny International Holding Limited

Consumer Cyclical / Apparel ManufacturingHKSE

$0.45

-0.05 (-10.00%)

Fairly Valued+0.0%Fair Value $0.45Fund rank 26/100 · Data gapFallback financials|
SA 19/F
F-Score: 2/9
Low 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 $-26.9M · quality 50.7/100

Data gap 26/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 29/100Data 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

19/100

F

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: 1unknown: 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. ROE is -19.1%, below the 5% threshold
Thesis & Journal · 1906.HKLocal privado en este navegador · Bonny International 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

$662M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-19.1%

↓

Gross Margin

29.0%

↑

Debt/Equity

0.77

↑
52-Week Range$0
$0$1

TradingView lightweight chart

1906.HK price, volumen y niveles de valoración

Último $0.450Periodo -22.4%
Fair value: $0.450

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

+12.9%

FCF CAGR

—

FCF margin

-11.6%

FCF / Net income

0.47x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $231.8M · net income $-56.8M · FCF $-26.9M

2022-FY → 2025-FY

Gross margin

29.0%+9.3% pts

Operating margin

-1.4%+20.0% pts

Net margin

-24.5%+19.6% pts

FCF margin

-11.6%-6.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$231.8M$231.8M$266.7M$177.7M$160.9M
Net Income$-56.8M$-56.8M$-16.7M$-45.3M$-70.9M
EBITDA$-34.9M$-34.9M$5.8M$-17.9M$-48.8M
EPS-0.04-0.04-0.01-0.04-0.06
Gross Margin29.0%29.0%29.6%23.5%19.7%
Operating Margin-1.4%-1.4%3.1%-12.7%-21.4%
Net Margin-24.5%-24.5%-6.3%-25.5%-44.1%
Balance Sheet
Debt/Equity0.770.770.470.430.50
Current Ratio0.660.66———
Cash Flow
Free Cash Flow$-26.9M$-26.9M$-56.6M$-6.7M$-7.5M
Returns
ROE-19.1%-19.1%-4.7%-14.5%-24.6%
Valuation
EV/EBITDA——91.17——
P/B2.232.231.041.522.08
Growth & Yield
Revenue Growth-13.1%-13.1%50.1%10.4%—
EPS Growth-200.0%-200.0%63.5%35.6%—

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 +25.0%

Total return

+25.0%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.01 → -0.04

Residual

+25.0%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+25.0%

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.