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2121.HK$4.50+3.21%
Fair $4.50+0.0%

2121.HK

AInnovation Technology Group Co., Ltd

Technology / Software - InfrastructureHKSE

$4.50

+0.14 (+3.21%)

Fairly Valued+0.0%Fair Value $4.50Fund rank 29/100 · Data gapFallback financials|
SA 21/D
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 21%

FCF escenarios

weak_data · normalized FCF $-64.5M · quality 59.3/100

Data gap 29/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 28/100Data 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

21/100

D

Piotroski

5/9

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 -20.7%, below the 5% threshold
Thesis & Journal · 2121.HKLocal privado en este navegador · AInnovation Technology Group Co., 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

$2.4B

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-20.7%

↓

Gross Margin

35.0%

↑

Debt/Equity

0.13

↓
52-Week Range$5
$4$9

TradingView lightweight chart

2121.HK price, volumen y niveles de valoración

Último $4.500Periodo -77.0%
Fair value: $4.500

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

-1.0%

FCF CAGR

—

FCF margin

-4.3%

FCF / Net income

0.26x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.51B · net income $-250.1M · FCF $-64.5M

2022-FY → 2025-FY

Gross margin

35.0%+2.4% pts

Operating margin

-12.3%+9.9% pts

Net margin

-16.5%+6.8% pts

FCF margin

-4.3%+16.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.51B$1.51B$1.22B$1.75B$1.56B
Net Income$-250.1M$-250.1M$-593.8M$-582.3M$-363.0M
EBITDA$-186.7M$-186.7M$-526.3M$-478.4M$-281.1M
EPS-0.48-0.48-1.09-1.05-0.66
Gross Margin35.0%35.0%34.6%33.6%32.6%
Operating Margin-12.3%-12.3%-28.7%-24.3%-22.2%
Net Margin-16.5%-16.5%-48.6%-33.3%-23.3%
Balance Sheet
Debt/Equity0.130.130.120.080.07
Current Ratio2.242.24———
Cash Flow
Free Cash Flow$-64.5M$-64.5M$-39.8M$-186.6M$-325.9M
Returns
ROE-20.7%-20.7%-38.5%-28.6%-16.0%
Valuation
P/B1.961.961.802.455.85
Growth & Yield
Revenue Growth23.8%23.8%-30.2%12.4%—
EPS Growth56.0%56.0%-3.8%-59.1%—

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 -14.6%

Total return

-14.6%

Start / end P/E

n/dx → n/dx

EPS bridge

-1.09 → -0.48

Residual

-14.6%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-14.6%

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.