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2348.HK$1.05+0.00%
Fair $1.05+0.0%

2348.HK

Dawnrays Pharmaceutical (Holdings) Limited

Healthcare / Drug Manufacturers - Specialty & GenericHKSE

$1.05

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $1.05Fund rank 33/100 · Data gapFallback financials|
SA 48/C
F-Score: 4/9

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 25% · confianza 25%

FCF escenarios

weak_data · normalized FCF $126.4M · quality 69.0/100

Data gap 33/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 59/100Data 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

4/9

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. Sector-specific holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists.
Thesis & Journal · 2348.HKLocal privado en este navegador · Dawnrays Pharmaceutical (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

$1.6B

P/E

6.6x

↓

EV/EBITDA

1.3x

↓

ROE

6.3%

↑

Gross Margin

49.7%

↑

Debt/Equity

0.02

↓
52-Week Range$1
$1$1

TradingView lightweight chart

2348.HK price, volumen y niveles de valoración

Último $1.050Periodo +153.0%
Fair value: $1.050

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

-1.2%

FCF CAGR

+4.2%

FCF margin

19.2%

FCF / Net income

1.10x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.23B · net income $214.0M · FCF $236.0M

2022-FY → 2025-FY

Gross margin

49.7%-10.8% pts

Operating margin

24.5%-10.5% pts

Net margin

17.4%-10.6% pts

FCF margin

19.2%+2.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.23B$1.23B$1.06B$1.15B$1.28B
Net Income$214.0M$214.0M$564.9M$326.0M$358.1M
EBITDA$370.3M$370.3M$747.2M$498.9M$505.2M
EPS0.140.140.380.220.24
Gross Margin49.7%49.7%54.5%55.7%60.5%
Operating Margin24.5%24.5%34.7%38.4%35.1%
Net Margin17.4%17.4%53.3%28.3%28.0%
Balance Sheet
Debt/Equity0.020.020.010.040.00
Current Ratio4.644.64———
Cash Flow
Free Cash Flow$236.0M$236.0M$44.6M$126.4M$208.6M
Returns
ROE6.3%6.3%17.0%11.4%13.6%
Valuation
P/E6.566.563.205.125.41
EV/EBITDA1.321.320.911.772.25
P/B0.470.470.540.580.73
Growth & Yield
Revenue Growth16.1%16.1%-7.9%-9.9%—
EPS Growth-62.7%-62.7%72.9%-8.9%—
Dividend Yield6.0%6.0%———

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

-12.7%

fácil

EPS terminal req.

$0.09

Spread vs growth

-50.0%

5Y implied EPS CAGR

-4.2%

fácil

EPS terminal req.

$0.11

Spread vs growth

-58.4%

10Y implied EPS CAGR

2.6%

fácil

EPS terminal req.

$0.18

Spread vs growth

-65.3%

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

3.2x → 7.5x

EPS bridge

0.38 → 0.14

Residual

-84.3%

EPS growth-62.7%
Multiple rerating+134.5%
Dividend+6.0%
Residual / FX / buybacks / cross-term-84.3%

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.