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2193.HK$0.41-1.22%
Fair $0.41+0.0%

2193.HK

Man King Holdings Limited

Industrials / Engineering & ConstructionHKSE

$0.41

-0.00 (-1.22%)

Fairly Valued+0.0%Fair Value $0.41Fund rank 31/100 · Data gapFallback financials|
SA 38/D
F-Score: 3/9
Declining RevenueLow 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 20%

FCF escenarios

weak_data · normalized FCF $-30.5M · quality 55.3/100

Data gap 31/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 27/100Data 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

38/100

D

Piotroski

3/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 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. Revenue has declined for 2 consecutive years ROE is -8.4%, below the 5% threshold
Thesis & Journal · 2193.HKLocal privado en este navegador · Man King 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

$170M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-8.4%

↓

Gross Margin

-3.4%

↓

Debt/Equity

0.05

↓
52-Week Range$0
$0$0

TradingView lightweight chart

2193.HK price, volumen y niveles de valoración

Último $0.405Periodo -63.2%
Fair value: $0.405

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

-6.3%

FCF CAGR

—

FCF margin

-9.1%

FCF / Net income

1.45x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $335.7M · net income $-21.1M · FCF $-30.5M

2022-FY → 2025-FY

Gross margin

-3.4%-15.9% pts

Operating margin

-11.2%-17.2% pts

Net margin

-6.3%-15.3% pts

FCF margin

-9.1%-18.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$335.7M$335.7M$338.5M$452.8M$408.2M
Net Income$-21.1M$-21.1M$-22.7M$42.1M$36.9M
EBITDA$-10.8M$-10.8M$-14.5M$62.2M$49.3M
EPS-0.05-0.05-0.050.100.09
Gross Margin-3.4%-3.4%-7.9%15.4%12.6%
Operating Margin-11.2%-11.2%-15.7%7.9%6.0%
Net Margin-6.3%-6.3%-6.7%9.3%9.0%
Balance Sheet
Debt/Equity0.050.050.040.050.07
Current Ratio2.322.32———
Cash Flow
Free Cash Flow$-30.5M$-30.5M$-58.2M$97.2M$37.4M
Returns
ROE-8.4%-8.4%-8.3%13.6%13.2%
Valuation
P/E———3.143.47
EV/EBITDA———-1.39-0.11
P/B0.680.680.460.430.46
Growth & Yield
Revenue Growth-0.8%-0.8%-25.2%10.9%—
EPS Growth7.2%7.2%-154.0%14.2%—

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

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
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 +96.6%

Total return

+96.6%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.05 → -0.05

Residual

+96.6%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+96.6%

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.