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v0.1
2439.HK$0.38+2.74%
Fair $0.38+0.0%

2439.HK

China Treasures New Materials Group Ltd.

Basic Materials / Specialty ChemicalsHKSE

$0.38

+0.01 (+2.74%)

Fairly Valued+0.0%Fair Value $0.38Fund rank 27/100 · Data gapFallback financials|
SA 44/C
F-Score: 2/9
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 34% · confianza 18%

FCF escenarios

weak_data · normalized FCF $60.7M · quality 45.3/100

Data gap 27/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 22/100Data 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

44/100

C

Piotroski

2/9

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. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. ROE is 5.0%, below the 5% threshold
Thesis & Journal · 2439.HKLocal privado en este navegador · China Treasures New Materials Group 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

$375M

P/E

12.5x

↓

EV/EBITDA

12.4x

↑

ROE

5.0%

↑

Gross Margin

38.8%

↑

Debt/Equity

0.46

↑
52-Week Range$0
$0$0

TradingView lightweight chart

2439.HK price, volumen y niveles de valoración

Último $0.375Periodo -44.9%
Fair value: $0.375

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

-5.4%

FCF CAGR

—

FCF margin

-235.8%

FCF / Net income

-20.52x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $253.4M · net income $29.1M · FCF $-597.6M

2022-FY → 2025-FY

Gross margin

38.8%-1.3% pts

Operating margin

13.8%-10.5% pts

Net margin

11.5%-7.4% pts

FCF margin

-235.8%-240.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$253.4M$253.4M$407.5M$365.8M$299.8M
Net Income$29.1M$29.1M$111.2M$84.0M$56.5M
EBITDA$50.1M$50.1M$149.1M$119.2M$85.8M
EPS——0.110.090.06
Gross Margin38.8%38.8%39.8%39.8%40.1%
Operating Margin13.8%13.8%30.6%27.3%24.3%
Net Margin11.5%11.5%27.3%23.0%18.8%
Balance Sheet
Debt/Equity0.460.460.130.120.24
Current Ratio1.481.48———
Cash Flow
Free Cash Flow$-597.6M$-597.6M$88.0M$60.7M$13.6M
Returns
ROE5.0%5.0%20.0%18.9%28.9%
Valuation
P/E12.5012.502.2526.02—
EV/EBITDA12.3512.35-0.6816.12—
P/B0.640.640.454.90—
Growth & Yield
Revenue Growth-37.8%-37.8%11.4%22.0%—
EPS Growth——26.4%55.7%—

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 +41.5%

Total return

+41.5%

Start / end P/E

n/dx → n/dx

EPS bridge

0.11 → n/d

Residual

+41.5%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+41.5%

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.