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Recent

v0.1
1985.HK$1.54-1.91%
Fair $1.54+0.0%

1985.HK

Microware Group Limited

Technology / Information Technology ServicesHKSE

$1.54

-0.03 (-1.91%)

Fairly Valued+0.0%Fair Value $1.54Fund rank 32/100 · Data gapFallback financials|
SA 48/C
F-Score: 4/9
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 27% · confianza 25%

FCF escenarios

weak_data · normalized FCF $73.4M · quality 55.7/100

Data gap 32/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 44/100Data 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

48/100

C

Piotroski

4/9

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. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. ROE is 3.7%, below the 5% threshold
Thesis & Journal · 1985.HKLocal privado en este navegador · Microware Group 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

$462M

P/E

51.3x

↑

EV/EBITDA

8.3x

↓

ROE

3.7%

↓

Gross Margin

12.6%

↓

Debt/Equity

0.31

↑
52-Week Range$2
$1$2

TradingView lightweight chart

1985.HK price, volumen y niveles de valoración

Último $1.540Periodo -51.3%
Fair value: $1.540

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

+9.1%

FCF CAGR

+21.9%

FCF margin

5.3%

FCF / Net income

9.71x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.49B · net income $8.2M · FCF $79.2M

2022-FY → 2025-FY

Gross margin

12.6%+1.1% pts

Operating margin

1.4%-2.0% pts

Net margin

0.5%-2.2% pts

FCF margin

5.3%+1.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.49B$1.49B$1.23B$1.17B$1.15B
Net Income$8.2M$8.2M$36.2M$33.2M$32.0M
EBITDA$39.2M$39.2M$57.6M$53.3M$50.6M
EPS0.030.030.120.110.11
Gross Margin12.6%12.6%11.7%10.4%11.5%
Operating Margin1.4%1.4%3.4%3.2%3.5%
Net Margin0.5%0.5%2.9%2.8%2.8%
Balance Sheet
Debt/Equity0.310.310.110.060.11
Current Ratio1.291.29———
Cash Flow
Free Cash Flow$79.2M$79.2M$-24.9M$73.4M$43.7M
Returns
ROE3.7%3.7%20.0%15.6%15.1%
Valuation
P/E51.3351.337.507.558.09
EV/EBITDA8.338.332.200.251.14
P/B1.871.871.471.171.26
Growth & Yield
Revenue Growth20.8%20.8%5.8%1.6%—
EPS Growth-75.0%-75.0%9.1%0.0%—

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

65.8%

muy exigente

EPS terminal req.

$0.14

Spread vs growth

-140.8%

5Y implied EPS CAGR

40.7%

muy exigente

EPS terminal req.

$0.17

Spread vs growth

-115.7%

10Y implied EPS CAGR

24.4%

exigente

EPS terminal req.

$0.27

Spread vs growth

-99.4%

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 -7.2%

Total return

-7.2%

Start / end P/E

13.8x → 51.3x

EPS bridge

0.12 → 0.03

Residual

-203.3%

EPS growth-75.0%
Multiple rerating+271.1%
Dividend+0.0%
Residual / FX / buybacks / cross-term-203.3%

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.