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2473.HK$0.71-1.39%
Fair $0.71+0.0%

2473.HK

XXF Group Holdings Limited

Financial Services / Credit ServicesHKSE

$0.71

-0.01 (-1.39%)

Fairly Valued+0.0%Fair Value $0.71Fund rank 20/100 · Data gapFallback financials|
SA 34/D
F-Score: 3/9
High DebtMargin Compression

Book/ROE base 3Y

n/d

n/d CAGR · P/B n/d

Book/ROE base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

Book/ROE escenarios

weak_data · book/share n/d · quality 39.0/100

Data gap 20/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 29/100Data 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

34/100

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. Debt-to-Equity ratio is 3.21, above the 2.0 threshold Operating margin has declined for 3 consecutive years
Thesis & Journal · 2473.HKLocal privado en este navegador · XXF Group 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

$1.3B

P/E

23.7x

↑

EV/EBITDA

9.4x

↓

ROE

5.3%

↓

Gross Margin

25.7%

↓

Debt/Equity

3.21

↑
52-Week Range$1
$1$16

TradingView lightweight chart

2473.HK price, volumen y niveles de valoración

Último $0.710Periodo +29.9%
Fair value: $0.710

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

+17.7%

FCF CAGR

—

FCF margin

-28.5%

FCF / Net income

-11.57x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.86B · net income $45.9M · FCF $-530.4M

2022-FY → 2025-FY

Gross margin

25.7%-7.1% pts

Operating margin

12.8%-4.2% pts

Net margin

2.5%-4.5% pts

FCF margin

-28.5%-8.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.86B$1.86B$1.46B$1.30B$1.14B
Net Income$45.9M$45.9M$40.0M$110.3M$78.9M
EBITDA$384.0M$384.0M$357.5M$419.1M$347.6M
EPS0.030.030.020.010.02
Gross Margin25.7%25.7%29.9%32.1%32.8%
Operating Margin12.8%12.8%15.0%15.5%17.0%
Net Margin2.5%2.5%2.7%8.5%6.9%
Balance Sheet
Debt/Equity3.213.212.792.423.45
Current Ratio1.231.23———
Cash Flow
Free Cash Flow$-530.4M$-530.4M$-332.8M$-203.2M$-223.2M
Returns
ROE5.3%5.3%4.9%14.2%15.8%
Valuation
P/E23.6723.67179.6778.88—
EV/EBITDA9.359.3525.526.46—
P/B1.331.338.721.41—
Growth & Yield
Revenue Growth27.2%27.2%12.2%14.3%—
EPS Growth13.8%13.8%129.2%-47.6%—

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

Margins (%)

Returns (%)

Leverage & Liquidity

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

3Y implied EPS CAGR

31.0%

muy exigente

EPS terminal req.

$0.06

Spread vs growth

-17.2%

5Y implied EPS CAGR

22.2%

exigente

EPS terminal req.

$0.08

Spread vs growth

-8.4%

10Y implied EPS CAGR

15.9%

exigente

EPS terminal req.

$0.12

Spread vs growth

-2.1%

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 -88.8%

Total return

-88.8%

Start / end P/E

257.7x → 25.4x

EPS bridge

0.02 → 0.03

Residual

-12.5%

EPS growth+13.8%
Multiple rerating-90.2%
Dividend+0.0%
Residual / FX / buybacks / cross-term-12.5%

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.