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2332.TW$17.30+3.59%
Fair $17.30+0.0%

2332.TW

D-Link Corporation

Technology / Communication EquipmentTaiwan

$17.30

+0.60 (+3.59%)

Fairly Valued+0.0%Fair Value $17.30Fund rank 31/100 · Data gapFallback financials|
SA 36/D
F-Score: 1/9
Declining RevenueMargin CompressionLow 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 $967.5M · 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

36/100

D

Piotroski

1/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 3unknown: 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. Revenue has declined for 3 consecutive years Operating margin has declined for 3 consecutive years ROE is -6.5%, below the 5% threshold
Thesis & Journal · 2332.TWLocal privado en este navegador · D-Link Corporation
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

$10.3B

P/E

N/A

•

EV/EBITDA

51.7x

↑

ROE

-6.5%

↓

Gross Margin

24.6%

↓

Debt/Equity

0.13

↓
52-Week Range$17
$13$19

TradingView lightweight chart

2332.TW price, volumen y niveles de valoración

Último $17.30Periodo -5.4%
Fair value: $17.30

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

-7.8%

FCF CAGR

—

FCF margin

-3.0%

FCF / Net income

0.75x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $13.37B · net income $-539.5M · FCF $-406.3M

2022-FY → 2025-FY

Gross margin

24.6%-0.7% pts

Operating margin

-2.4%-5.6% pts

Net margin

-4.0%-4.7% pts

FCF margin

-3.0%-3.6% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$13.37B$13.37B$14.40B$15.94B$17.08B
Net Income$-539.5M$-539.5M$35.3M$567.6M$109.2M
EBITDA$158.6M$158.6M$750.7M$1.24B$714.2M
EPS——0.060.950.18
Gross Margin24.6%24.6%25.7%24.1%25.3%
Operating Margin-2.4%-2.4%-1.3%0.8%3.2%
Net Margin-4.0%-4.0%0.2%3.6%0.6%
Balance Sheet
Debt/Equity0.130.130.100.120.05
Current Ratio2.582.58———
Cash Flow
Free Cash Flow$-406.3M$-406.3M$1.06B$967.5M$91.9M
Returns
ROE-6.5%-6.5%0.4%6.3%1.2%
Valuation
P/E——395.8320.4286.67
EV/EBITDA51.6651.6614.266.969.96
P/B1.241.241.591.281.05
Growth & Yield
Revenue Growth-7.1%-7.1%-9.7%-6.7%—
EPS Growth——-93.7%427.8%—
Dividend Yield0.6%0.6%———

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 +6.5%

Total return

+6.5%

Start / end P/E

n/dx → n/dx

EPS bridge

0.06 → n/d

Residual

+5.8%

EPS growthn/d
Multiple reratingn/d
Dividend+0.6%
Residual / FX / buybacks / cross-term+5.8%

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.