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2098.HK$0.09+0.00%
Fair $0.09+0.0%

2098.HK

Zall Smart Commerce Group Ltd.

Industrials / ConglomeratesHKSE

$0.09

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $0.09Fund rank 23/100 · Data gapFallback financials|
SA 30/D
F-Score: 6/9
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 16%

FCF escenarios

weak_data · normalized FCF $1.3M · quality 34.3/100

Data gap 23/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 15/100Data 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

30/100

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. ROE is 1.0%, below the 5% threshold
Thesis & Journal · 2098.HKLocal privado en este navegador · Zall Smart Commerce Group Ltd.
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

$1.1B

P/E

9.0x

↓

EV/EBITDA

16.0x

↑

ROE

1.0%

↓

Gross Margin

0.4%

↓

Debt/Equity

1.03

↑
52-Week Range$0
$0$0

TradingView lightweight chart

2098.HK price, volumen y niveles de valoración

Último $0.090Periodo -91.2%
Fair value: $0.090

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

+11.8%

FCF CAGR

-88.1%

FCF margin

0.0%

FCF / Net income

0.01x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $155.03B · net income $147.4M · FCF $1.3M

2022-FY → 2025-FY

Gross margin

0.4%-0.2% pts

Operating margin

-0.1%+0.0% pts

Net margin

0.1%+2.8% pts

FCF margin

0.0%-0.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$155.03B$155.03B$162.36B$125.29B$110.91B
Net Income$147.4M$147.4M$129.0M$50.9M$-3.04B
EBITDA$879.4M$879.4M$841.1M$717.1M$-2.50B
EPS0.010.010.010.00-0.25
Gross Margin0.4%0.4%0.4%0.7%0.5%
Operating Margin-0.1%-0.1%-0.1%0.0%-0.1%
Net Margin0.1%0.1%0.1%0.0%-2.7%
Balance Sheet
Debt/Equity1.031.031.071.111.33
Current Ratio0.850.85———
Cash Flow
Free Cash Flow$1.3M$1.3M$-350.9M$1.93B$782.1M
Returns
ROE1.0%1.0%0.9%0.4%-22.1%
Valuation
P/E9.009.0028.8559.76—
EV/EBITDA15.9715.9720.2523.09—
P/B0.080.080.270.220.37
Growth & Yield
Revenue Growth-4.5%-4.5%29.6%13.0%—
EPS Growth14.4%14.4%153.7%101.6%—

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

Margins (%)

Returns (%)

Leverage & Liquidity

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

3Y implied EPS CAGR

-12.4%

fácil

EPS terminal req.

$0.01

Spread vs growth

26.9%

5Y implied EPS CAGR

-4.1%

fácil

EPS terminal req.

$0.01

Spread vs growth

18.5%

10Y implied EPS CAGR

2.7%

fácil

EPS terminal req.

$0.02

Spread vs growth

11.7%

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 -60.5%

Total return

-60.5%

Start / end P/E

21.9x → 7.6x

EPS bridge

0.01 → 0.01

Residual

-9.4%

EPS growth+14.4%
Multiple rerating-65.5%
Dividend+0.0%
Residual / FX / buybacks / cross-term-9.4%

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.