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2110.HK$0.09+0.00%
Fair $0.09+0.0%

2110.HK

Tian Cheng Holdings Limited

Industrials / Engineering & ConstructionHKSE

$0.09

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $0.09Fund rank 31/100 · Data gapFallback financials|
SA 18/F
F-Score: 5/9
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 33% · confianza 24%

FCF escenarios

weak_data · normalized FCF $-26.8M · quality 73.7/100

Data gap 31/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 45/100Data 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

18/100

F

Piotroski

5/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

12/100

SEC 0%

Latest source: unknownPeriods: 3Warnings: 1unknown: 3
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 -59.7%, below the 5% threshold
Thesis & Journal · 2110.HKLocal privado en este navegador · Tian Cheng 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

$40M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-59.7%

↓

Gross Margin

-14.3%

↓

Debt/Equity

0.07

↓
52-Week Range$0
$0$0

TradingView lightweight chart

2110.HK price, volumen y niveles de valoración

Último $0.093Periodo -95.2%
Fair value: $0.093

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2024 · 2 años de histórico normalizado

Revenue CAGR

+2.6%

FCF CAGR

—

FCF margin

-12.0%

FCF / Net income

0.61x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $223.3M · net income $-44.1M · FCF $-26.8M

2022-FY → 2024-FY

Gross margin

-14.3%-28.5% pts

Operating margin

-21.6%-30.4% pts

Net margin

-19.8%-27.6% pts

FCF margin

-12.0%-0.7% pts
MetricTTM
2024
2023
2022
Income Statement
Revenue$223.3M$223.3M$198.0M$212.3M
Net Income$-44.1M$-44.1M$-87.0M$16.7M
EBITDA$-31.4M$-31.4M$-73.1M$30.8M
EPS-0.17-0.17-0.390.07
Gross Margin-14.3%-14.3%-31.5%14.2%
Operating Margin-21.6%-21.6%-38.8%8.7%
Net Margin-19.8%-19.8%-44.0%7.9%
Balance Sheet
Debt/Equity0.070.070.060.01
Current Ratio1.761.76——
Cash Flow
Free Cash Flow$-26.8M$-26.8M$-40.8M$-24.0M
Returns
ROE-59.7%-59.7%-81.8%8.6%
Valuation
P/E———12.93
EV/EBITDA———4.60
P/B0.320.321.231.11
Growth & Yield
Revenue Growth12.8%12.8%-6.7%—
EPS Growth55.5%55.5%-621.9%—

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 -20.5%

Total return

-20.5%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.39 → -0.17

Residual

-20.5%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-20.5%

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.