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2189.HK$0.46+1.10%
Fair $0.46+0.0%

2189.HK

Kato (Hong Kong) Holdings Limited

Healthcare / Medical Care FacilitiesHKSE

$0.46

+0.00 (+1.10%)

Fairly Valued+0.0%Fair Value $0.46Fund rank 35/100 · Data gapFallback financials|
SA 30/D
F-Score: 5/9
Margin Compression

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 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $107.0M · quality 67.7/100

Data gap 35/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 78/100Data 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

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. Sector-specific holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists. Operating margin has declined for 3 consecutive years
Thesis & Journal · 2189.HKLocal privado en este navegador · Kato (Hong Kong) 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

$460M

P/E

23.0x

↑

EV/EBITDA

7.7x

↓

ROE

5.0%

↑

Gross Margin

93.6%

↑

Debt/Equity

0.76

↑
52-Week Range$0
$0$1

TradingView lightweight chart

2189.HK price, volumen y niveles de valoración

Último $0.460Periodo -17.9%
Fair value: $0.460

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

-0.3%

FCF CAGR

+17.5%

FCF margin

22.4%

FCF / Net income

3.25x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $317.1M · net income $21.9M · FCF $71.1M

2022-FY → 2025-FY

Gross margin

93.6%-1.9% pts

Operating margin

20.2%-16.7% pts

Net margin

6.9%-24.0% pts

FCF margin

22.4%+8.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$317.1M$317.1M$271.3M$408.3M$320.3M
Net Income$21.9M$21.9M$64.2M$126.2M$98.9M
EBITDA$96.8M$96.8M$133.6M$206.9M$161.7M
EPS0.020.020.060.130.10
Gross Margin93.6%93.6%93.9%96.1%95.5%
Operating Margin20.2%20.2%21.1%36.8%36.9%
Net Margin6.9%6.9%23.7%30.9%30.9%
Balance Sheet
Debt/Equity0.760.760.880.721.01
Current Ratio1.001.00———
Cash Flow
Free Cash Flow$71.1M$71.1M$108.1M$107.0M$43.8M
Returns
ROE5.0%5.0%14.8%33.9%33.9%
Valuation
P/E23.0023.008.724.836.47
EV/EBITDA7.667.666.793.915.46
P/B1.051.051.291.642.20
Growth & Yield
Revenue Growth16.9%16.9%-33.5%27.5%—
EPS Growth-65.9%-65.9%-49.1%27.6%—
Dividend Yield4.3%4.3%———

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

23.1%

exigente

EPS terminal req.

$0.04

Spread vs growth

-89.0%

5Y implied EPS CAGR

17.7%

exigente

EPS terminal req.

$0.05

Spread vs growth

-83.6%

10Y implied EPS CAGR

13.8%

razonable

EPS terminal req.

$0.08

Spread vs growth

-79.7%

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 +1.2%

Total return

+1.2%

Start / end P/E

7.4x → 21.0x

EPS bridge

0.06 → 0.02

Residual

-121.2%

EPS growth-65.9%
Multiple rerating+183.9%
Dividend+4.3%
Residual / FX / buybacks / cross-term-121.2%

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.