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2181.HK$0.40+1.27%
Fair $0.40+0.0%

2181.HK

Mabpharm Limited

Healthcare / BiotechnologyHKSE

$0.40

+0.00 (+1.27%)

Fairly Valued+0.0%Fair Value $0.40Fund rank 20/100 · Data gapFallback financials|
SA 20/D
F-Score: 7/9
High Debt

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 35% · confianza 11%

FCF escenarios

weak_data · normalized FCF $-23.2M · quality 22.7/100

Data gap 20/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 12/100Data 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

20/100

D

Piotroski

7/9

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 biotech pipeline model required: targets are disabled until product, probability, peak-sales and cash-runway data exists. Debt-to-Equity ratio is 2.08, above the 2.0 threshold
Thesis & Journal · 2181.HKLocal privado en este navegador · Mabpharm 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

$1.6B

P/E

40.0x

↑

EV/EBITDA

25.0x

↑

ROE

36.3%

↑

Gross Margin

88.8%

↑

Debt/Equity

2.08

↑
52-Week Range$0
$0$1

TradingView lightweight chart

2181.HK price, volumen y niveles de valoración

Último $0.400Periodo -66.9%
Fair value: $0.400

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

+126.1%

FCF CAGR

—

FCF margin

-3.6%

FCF / Net income

-0.41x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $646.1M · net income $57.1M · FCF $-23.2M

2022-FY → 2025-FY

Gross margin

88.8%+16.3% pts

Operating margin

2.0%+358.3% pts

Net margin

8.8%+385.9% pts

FCF margin

-3.6%+321.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$646.1M$646.1M$258.2M$87.2M$55.9M
Net Income$57.1M$57.1M$-127.9M$-209.4M$-210.8M
EBITDA$74.8M$74.8M$-56.1M$-139.1M$-152.1M
EPS——-0.03-0.05-0.05
Gross Margin88.8%88.8%85.0%86.3%72.5%
Operating Margin2.0%2.0%-42.7%-227.5%-356.3%
Net Margin8.8%8.8%-49.5%-240.2%-377.0%
Balance Sheet
Debt/Equity2.082.083.501.270.32
Current Ratio0.810.81———
Cash Flow
Free Cash Flow$-23.2M$-23.2M$-63.6M$38.4M$-182.0M
Returns
ROE36.3%36.3%-143.9%-102.1%-52.6%
Valuation
P/E40.0040.00———
EV/EBITDA24.9824.98———
P/B10.4910.4912.759.054.47
Growth & Yield
Revenue Growth150.2%150.2%196.3%55.9%—
EPS Growth——40.0%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%
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 -14.9%

Total return

-14.9%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.03 → n/d

Residual

-14.9%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-14.9%

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.