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293940.KS$5240.00-1.50%
Fair $5240.00+0.0%

293940.KS

Shinhan Alpha REIT Co., Ltd.

Real Estate / REIT - OfficeKSE

$5240.00

-80.00 (-1.50%)

Fairly Valued+0.0%Fair Value $5240.00Fund rank 30/100 · Data gapFallback financials|
SA 19/F
F-Score: 3/9
High DebtLow 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 100% · confianza 20%

FCF escenarios

weak_data · normalized FCF n/d · quality 6.0/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 68/100Data 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

19/100

F

Piotroski

3/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

8/100

SEC 0%

Latest source: unknownPeriods: 2Warnings: 2unknown: 2
No SEC-backed annual rows; valuation uses fallback financial data. Limited financial history; valuation confidence should be treated as provisional. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled. Debt-to-Equity ratio is 2.68, above the 2.0 threshold ROE is 1.5%, below the 5% threshold
Thesis & Journal · 293940.KSLocal privado en este navegador · Shinhan Alpha REIT Co., 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

$633.7B

P/E

77.9x

↑

EV/EBITDA

44.5x

↑

ROE

1.5%

↓

Gross Margin

100.0%

↑

Debt/Equity

2.68

↑
52-Week Range$5240
$5130$6270

TradingView lightweight chart

293940.KS price, volumen y niveles de valoración

Último $5,240Periodo +10.4%
Fair value: $5,240

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2024–2025 · 1 años de histórico normalizado

Revenue CAGR

+28.5%

FCF CAGR

+4.5%

FCF margin

31.1%

FCF / Net income

2.18x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $68.63B · net income $9.78B · FCF $21.33B

2024-FY → 2025-FY

Gross margin

100.0%+0.0% pts

Operating margin

65.7%+5.5% pts

Net margin

14.3%-0.7% pts

FCF margin

31.1%-7.1% pts
MetricTTM
2025
2024
Income Statement
Revenue$68.63B$68.63B$53.42B
Net Income$9.78B$9.78B$8.00B
EBITDA$54.25B$54.25B$40.31B
EPS71.0071.0071.08
Gross Margin100.0%100.0%100.0%
Operating Margin65.7%65.7%60.2%
Net Margin14.3%14.3%15.0%
Balance Sheet
Debt/Equity2.682.682.49
Cash Flow
Free Cash Flow$21.33B$21.33B$20.42B
Returns
ROE1.5%1.5%1.5%
Valuation
P/E77.8977.8991.45
EV/EBITDA44.5444.5448.76
P/B1.171.171.37
Growth & Yield
Revenue Growth17.7%17.7%—
EPS Growth317.6%317.6%—

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

87.1%

muy exigente

EPS terminal req.

$464.96

Spread vs growth

230.6%

5Y implied EPS CAGR

51.3%

muy exigente

EPS terminal req.

$562.60

Spread vs growth

266.4%

10Y implied EPS CAGR

29.0%

muy exigente

EPS terminal req.

$906.08

Spread vs growth

288.6%

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 -9.2%

Total return

-9.2%

Start / end P/E

81.2x → 73.8x

EPS bridge

71.08 → 71.00

Residual

+0.0%

EPS growth-0.1%
Multiple rerating-9.1%
Dividend+0.0%
Residual / FX / buybacks / cross-term+0.0%

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.