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2265.HK$1.30-0.76%
Fair $1.30+0.0%

2265.HK

Hongcheng Environmental Technology Company Limited

Industrials / Waste ManagementHKSE

$1.30

-0.01 (-0.76%)

Fairly Valued+0.0%Fair Value $1.30Fund rank 24/100 · Data gapFallback financials|
SA 48/C
F-Score: 5/9

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 $-34.4M · quality 49.3/100

Data gap 24/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 10/100Data 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

48/100

C

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: 0unknown: 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.
Thesis & Journal · 2265.HKLocal privado en este navegador · Hongcheng Environmental Technology Company 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

$1.3B

P/E

13.0x

↓

EV/EBITDA

9.5x

↓

ROE

14.3%

↑

Gross Margin

60.0%

↑

Debt/Equity

0.46

↑
52-Week Range$1
$1$2

TradingView lightweight chart

2265.HK price, volumen y niveles de valoración

Último $1.300Periodo +42.9%
Fair value: $1.300

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

+13.3%

FCF CAGR

—

FCF margin

-10.5%

FCF / Net income

-0.38x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $323.6M · net income $88.5M · FCF $-33.9M

2022-FY → 2025-FY

Gross margin

60.0%-4.6% pts

Operating margin

36.5%-13.0% pts

Net margin

27.3%-8.7% pts

FCF margin

-10.5%+70.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$323.6M$323.6M$233.9M$108.0M$222.8M
Net Income$88.5M$88.5M$60.0M$17.5M$80.2M
EBITDA$151.0M$151.0M$112.4M$48.8M$127.2M
EPS——0.060.020.08
Gross Margin60.0%60.0%56.3%55.2%64.6%
Operating Margin36.5%36.5%33.8%24.8%49.5%
Net Margin27.3%27.3%25.7%16.2%36.0%
Balance Sheet
Debt/Equity0.460.460.260.250.12
Current Ratio0.980.98———
Cash Flow
Free Cash Flow$-33.9M$-33.9M$-34.4M$-38.0M$-180.5M
Returns
ROE14.3%14.3%11.3%3.7%17.7%
Valuation
P/E13.0013.0013.3348.247.25
EV/EBITDA9.469.467.7817.634.54
P/B2.102.101.511.741.28
Growth & Yield
Revenue Growth38.4%38.4%116.6%-51.5%—
EPS Growth——252.9%-78.8%—

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 +41.3%

Total return

+41.3%

Start / end P/E

n/dx → n/dx

EPS bridge

0.06 → n/d

Residual

+41.3%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+41.3%

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.