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2545.HK$0.41-1.19%
Fair $0.41+0.0%

2545.HK

Zhonggan Communication (Group) Holdings Limited

Communication Services / Telecom ServicesHKSE

$0.41

-0.00 (-1.19%)

Fairly Valued+0.0%Fair Value $0.41Fund rank 19/100 · Data gapFallback financials|
SA 31/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 14%

FCF escenarios

weak_data · normalized FCF $-108.8M · quality 25.7/100

Data gap 19/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 3/100Data 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

31/100

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. Sector-specific holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists. Revenue has declined for 2 consecutive years Operating margin has declined for 3 consecutive years ROE is 1.8%, below the 5% threshold
Thesis & Journal · 2545.HKLocal privado en este navegador · Zhonggan Communication (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

$266M

P/E

41.5x

↑

EV/EBITDA

28.9x

↑

ROE

1.8%

↓

Gross Margin

14.9%

↓

Debt/Equity

1.31

↑
52-Week Range$0
$0$1

TradingView lightweight chart

2545.HK price, volumen y niveles de valoración

Último $0.415Periodo -38.1%
Fair value: $0.415

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

+3.7%

FCF CAGR

—

FCF margin

-53.7%

FCF / Net income

-32.38x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $460.3M · net income $7.6M · FCF $-247.4M

2022-FY → 2025-FY

Gross margin

14.9%-10.2% pts

Operating margin

9.4%-5.4% pts

Net margin

1.7%-6.7% pts

FCF margin

-53.7%-42.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$460.3M$460.3M$551.1M$609.3M$413.1M
Net Income$7.6M$7.6M$9.7M$68.6M$34.5M
EBITDA$27.5M$27.5M$41.3M$89.0M$56.6M
EPS——0.020.110.05
Gross Margin14.9%14.9%19.3%24.5%25.1%
Operating Margin9.4%9.4%10.0%13.9%14.8%
Net Margin1.7%1.7%1.8%11.3%8.3%
Balance Sheet
Debt/Equity1.311.310.882.712.03
Current Ratio1.301.30———
Cash Flow
Free Cash Flow$-247.4M$-247.4M$-108.8M$47.6M$-45.2M
Returns
ROE1.8%1.8%2.3%53.5%18.6%
Valuation
P/E41.5041.5015.00——
EV/EBITDA28.8628.869.84——
P/B0.620.620.40——
Growth & Yield
Revenue Growth-16.5%-16.5%-9.6%47.5%—
EPS Growth——-81.3%99.0%—

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

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
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 +27.7%

Total return

+27.7%

Start / end P/E

n/dx → n/dx

EPS bridge

0.02 → n/d

Residual

+27.7%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+27.7%

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.