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v0.1
2190.HK$20.24+1.00%
Fair $20.24+0.0%

2190.HK

Zylox-Tonbridge Medical Technology Co., Ltd.

Healthcare / Medical DevicesHKSE

$20.24

+0.20 (+1.00%)

Fairly Valued+0.0%Fair Value $20.24Fund rank 30/100 · Data gapFallback financials|
SA 42/C
F-Score: 6/9
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 22%

FCF escenarios

weak_data · normalized FCF $-92.5M · quality 61.7/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 26/100Data 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

42/100

C

Piotroski

6/9

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 3.2%, below the 5% threshold
Thesis & Journal · 2190.HKLocal privado en este navegador · Zylox-Tonbridge Medical Technology 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

$6.8B

P/E

23.3x

↑

EV/EBITDA

45.0x

↑

ROE

3.2%

↑

Gross Margin

71.6%

↑

Debt/Equity

0.03

↓
52-Week Range$20
$18$28

TradingView lightweight chart

2190.HK price, volumen y niveles de valoración

Último $20.24Periodo -66.3%
Fair value: $20.24

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2021–2024 · 3 años de histórico normalizado

Revenue CAGR

+63.8%

FCF CAGR

—

FCF margin

-2.2%

FCF / Net income

-0.17x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $782.5M · net income $100.3M · FCF $-17.3M

2021-FY → 2024-FY

Gross margin

71.6%-2.6% pts

Operating margin

9.8%+132.6% pts

Net margin

12.8%+125.1% pts

FCF margin

-2.2%+113.5% pts
MetricTTM
2024
2023
2022
2021
Income Statement
Revenue$782.5M$782.5M$527.8M$334.1M$177.9M
Net Income$100.3M$100.3M$-78.7M$-113.6M$-199.7M
EBITDA$140.3M$140.3M$-41.6M$-86.6M$-186.0M
EPS0.310.31-0.24-0.34—
Gross Margin71.6%71.6%72.9%75.6%74.1%
Operating Margin9.8%9.8%-27.3%-66.5%-122.7%
Net Margin12.8%12.8%-14.9%-34.0%-112.2%
Balance Sheet
Debt/Equity0.030.030.020.000.00
Current Ratio5.985.98———
Cash Flow
Free Cash Flow$-17.3M$-17.3M$-92.5M$-236.6M$-205.8M
Returns
ROE3.2%3.2%-2.6%-3.7%-6.4%
Valuation
P/E23.2623.26———
EV/EBITDA44.9944.99———
P/B2.142.141.291.412.54
Growth & Yield
Revenue Growth48.3%48.3%58.0%87.8%—
EPS Growth227.4%227.4%29.4%——
Dividend Yield1.2%1.2%———

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

80.4%

muy exigente

EPS terminal req.

$1.80

Spread vs growth

146.9%

5Y implied EPS CAGR

48.0%

muy exigente

EPS terminal req.

$2.17

Spread vs growth

179.3%

10Y implied EPS CAGR

27.6%

muy exigente

EPS terminal req.

$3.50

Spread vs growth

199.8%

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 +6.0%

Total return

+6.0%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.24 → 0.31

Residual

+4.8%

EPS growthn/d
Multiple reratingn/d
Dividend+1.2%
Residual / FX / buybacks / cross-term+4.8%

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.