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2153.HK$0.90+0.00%
Fair $0.90+0.0%

2153.HK

Tat Hong Equipment Service Co., Ltd.

Industrials / Farm & Heavy Construction MachineryHKSE

$0.90

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $0.90Fund rank 25/100 · Data gapFallback financials|
SA 18/F
F-Score: 2/9
Declining RevenueMargin CompressionLow 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 19%

FCF escenarios

weak_data · normalized FCF $-104.3M · quality 48.3/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 22/100Data 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

2/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 3unknown: 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. Revenue has declined for 3 consecutive years Operating margin has declined for 3 consecutive years ROE is -9.3%, below the 5% threshold
Thesis & Journal · 2153.HKLocal privado en este navegador · Tat Hong Equipment Service 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

$1.1B

P/E

N/A

•

EV/EBITDA

9.4x

↓

ROE

-9.3%

↓

Gross Margin

11.2%

↓

Debt/Equity

0.97

↑
52-Week Range$1
$1$1

TradingView lightweight chart

2153.HK price, volumen y niveles de valoración

Último $0.880Periodo -44.3%
Fair value: $0.900

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

-9.9%

FCF CAGR

—

FCF margin

3.5%

FCF / Net income

-0.18x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $634.6M · net income $-120.6M · FCF $22.2M

2022-FY → 2025-FY

Gross margin

11.2%-15.8% pts

Operating margin

-7.0%-15.1% pts

Net margin

-19.0%-24.5% pts

FCF margin

3.5%+44.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$634.6M$634.6M$682.3M$770.8M$867.0M
Net Income$-120.6M$-120.6M$-95.6M$-35.8M$47.6M
EBITDA$231.9M$231.9M$244.7M$295.7M$340.3M
EPS-0.10-0.10-0.08-0.030.04
Gross Margin11.2%11.2%11.8%22.5%27.0%
Operating Margin-7.0%-7.0%-5.3%5.3%8.1%
Net Margin-19.0%-19.0%-14.0%-4.6%5.5%
Balance Sheet
Debt/Equity0.970.970.830.700.45
Current Ratio1.141.14———
Cash Flow
Free Cash Flow$22.2M$22.2M$-104.3M$-253.5M$-355.1M
Returns
ROE-9.3%-9.3%-6.7%-2.4%3.0%
Valuation
P/E————28.75
EV/EBITDA9.359.359.458.415.50
P/B0.810.810.891.040.85
Growth & Yield
Revenue Growth-7.0%-7.0%-11.5%-11.1%—
EPS Growth-25.0%-25.0%-166.7%-175.0%—

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

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
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 -22.8%

Total return

-22.8%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.08 → -0.10

Residual

-22.8%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-22.8%

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.