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Recent

v0.1
1938.HK$0.28+0.00%
Fair $0.28+0.0%

1938.HK

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited

Basic Materials / SteelHKSE

$0.28

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $0.28Fund rank 32/100 · Data gapFallback financials|
SA 38/D
F-Score: 6/9
Margin Compression

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 25% · confianza 25%

FCF escenarios

weak_data · normalized FCF $143.5M · quality 61.7/100

Data gap 32/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 63/100Data 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

6/9

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. Operating margin has declined for 3 consecutive years
Thesis & Journal · 1938.HKLocal privado en este navegador · Chu Kong Petroleum and Natural Gas Steel Pipe 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

$288M

P/E

1.0x

↓

EV/EBITDA

7.3x

↓

ROE

16.5%

↑

Gross Margin

18.5%

↓

Debt/Equity

1.15

↑
52-Week Range$0
$0$1

TradingView lightweight chart

1938.HK price, volumen y niveles de valoración

Último $0.285Periodo -93.7%
Fair value: $0.285

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

-0.1%

FCF CAGR

-4.3%

FCF margin

5.2%

FCF / Net income

0.50x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.35B · net income $246.3M · FCF $123.2M

2022-FY → 2025-FY

Gross margin

18.5%-1.4% pts

Operating margin

7.3%-9.7% pts

Net margin

10.5%+3.6% pts

FCF margin

5.2%-0.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.35B$2.35B$2.94B$2.65B$2.36B
Net Income$246.3M$246.3M$212.7M$183.8M$163.0M
EBITDA$272.4M$272.4M$357.7M$175.2M$283.0M
EPS0.240.240.210.180.16
Gross Margin18.5%18.5%17.6%20.9%19.9%
Operating Margin7.3%7.3%7.3%8.5%17.0%
Net Margin10.5%10.5%7.2%6.9%6.9%
Balance Sheet
Debt/Equity1.151.151.511.701.91
Current Ratio0.920.92———
Cash Flow
Free Cash Flow$123.2M$123.2M$143.5M$334.8M$140.8M
Returns
ROE16.5%16.5%17.2%17.1%17.5%
Valuation
P/E1.021.020.801.000.83
EV/EBITDA7.277.275.5411.326.69
P/B0.190.190.140.170.14
Growth & Yield
Revenue Growth-20.0%-20.0%10.9%12.2%—
EPS Growth14.3%14.3%16.7%12.5%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-52.8%

fácil

EPS terminal req.

$0.03

Spread vs growth

67.1%

5Y implied EPS CAGR

-33.8%

fácil

EPS terminal req.

$0.03

Spread vs growth

48.0%

10Y implied EPS CAGR

-14.6%

fácil

EPS terminal req.

$0.05

Spread vs growth

28.9%

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 +50.0%

Total return

+50.0%

Start / end P/E

0.9x → 1.2x

EPS bridge

0.21 → 0.24

Residual

+4.5%

EPS growth+14.3%
Multiple rerating+31.3%
Dividend+0.0%
Residual / FX / buybacks / cross-term+4.5%

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.