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2605.HK$1.28-1.54%
Fair $1.28+0.0%

2605.HK

MetaLight Inc.

Communication Services / Advertising AgenciesHKSE

$1.28

-0.02 (-1.54%)

Fairly Valued+0.0%Fair Value $1.28Fund rank 30/100 · Data gapFallback financials|
SA 28/D
F-Score: 3/9
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 25% · confianza 25%

FCF escenarios

weak_data · normalized FCF $39.9M · quality 58.7/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 45/100Data 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

28/100

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: 1unknown: 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. ROE is -35.8%, below the 5% threshold
Thesis & Journal · 2605.HKLocal privado en este navegador · MetaLight Inc.
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

$197M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-35.8%

↓

Gross Margin

77.5%

↑

Debt/Equity

0.03

↓
52-Week Range$1
$1$8

TradingView lightweight chart

2605.HK price, volumen y niveles de valoración

Último $1.280Periodo -81.2%
Fair value: $1.280

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

+15.1%

FCF CAGR

-12.4%

FCF margin

3.9%

FCF / Net income

-0.06x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $206.3M · net income $-127.6M · FCF $8.1M

2022-FY → 2025-FY

Gross margin

77.5%+4.5% pts

Operating margin

0.6%-25.0% pts

Net margin

-61.8%-47.0% pts

FCF margin

3.9%-5.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$206.3M$206.3M$206.1M$174.5M$135.4M
Net Income$-127.6M$-127.6M$-26.1M$-20.3M$-20.0M
EBITDA$-113.8M$-113.8M$-17.6M$-12.1M$-16.4M
EPS——-0.17-0.13-0.13
Gross Margin77.5%77.5%76.4%76.3%73.0%
Operating Margin0.6%0.6%10.6%26.8%25.6%
Net Margin-61.8%-61.8%-12.7%-11.6%-14.8%
Balance Sheet
Debt/Equity0.030.03-0.10-0.16-0.14
Current Ratio8.468.46———
Cash Flow
Free Cash Flow$8.1M$8.1M$56.1M$39.9M$12.1M
Returns
ROE-35.8%-35.8%8.4%7.6%7.7%
Valuation
P/B0.550.55———
Growth & Yield
Revenue Growth0.1%0.1%18.1%28.9%—
EPS Growth——-28.6%-1.5%—

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 · available periodreconcilia total -81.2%

Total return

-81.2%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.17 → n/d

Residual

-81.2%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-81.2%

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.