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300046.SZ$30.75-6.36%
Fair $30.75+0.0%

300046.SZ

Tech Semiconductors Co., Ltd.

Technology / Semiconductor Equipment & MaterialsShenzhen

$30.75

-2.12 (-6.36%)

Fairly Valued+0.0%Fair Value $30.75Fund rank 32/100 · Data gapFallback financials|
SA 46/C
F-Score: 5/9
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 26% · confianza 25%

FCF escenarios

weak_data · normalized FCF $34.1M · quality 58.7/100

Data gap 32/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 44/100Data 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

46/100

C

Piotroski

5/9

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 4.3%, below the 5% threshold
Thesis & Journal · 300046.SZLocal privado en este navegador · Tech Semiconductors 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

$7.3B

P/E

161.8x

↑

EV/EBITDA

99.9x

↑

ROE

4.3%

↓

Gross Margin

28.8%

↓

Debt/Equity

0.00

↓
52-Week Range$31
$29$52

TradingView lightweight chart

300046.SZ price, volumen y niveles de valoración

Último $31.19Periodo +120.4%
Fair value: $30.75

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

+0.6%

FCF CAGR

+36.1%

FCF margin

2.9%

FCF / Net income

0.21x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $358.6M · net income $49.1M · FCF $10.5M

2022-FY → 2025-FY

Gross margin

28.8%+3.0% pts

Operating margin

12.4%+2.3% pts

Net margin

13.7%+8.1% pts

FCF margin

2.9%+1.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$358.6M$358.6M$354.1M$319.7M$352.2M
Net Income$49.1M$49.1M$25.3M$31.1M$19.7M
EBITDA$70.7M$70.7M$38.5M$49.4M$31.4M
EPS0.210.210.110.130.08
Gross Margin28.8%28.8%29.5%23.2%25.8%
Operating Margin12.4%12.4%14.9%5.6%10.1%
Net Margin13.7%13.7%7.1%9.7%5.6%
Balance Sheet
Debt/Equity0.000.000.000.000.00
Current Ratio9.399.39———
Cash Flow
Free Cash Flow$10.5M$10.5M$68.2M$34.1M$4.1M
Returns
ROE4.3%4.3%2.3%2.9%1.9%
Valuation
P/E161.84161.84298.97115.87183.65
EV/EBITDA99.9099.90182.1862.92103.11
P/B6.406.406.843.303.44
Growth & Yield
Revenue Growth1.3%1.3%10.8%-9.2%—
EPS Growth94.2%94.2%-18.8%58.3%—
Dividend Yield0.5%0.5%———

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

Margins (%)

Returns (%)

Leverage & Liquidity

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

3Y implied EPS CAGR

136.0%

muy exigente

EPS terminal req.

$2.73

Spread vs growth

-41.8%

5Y implied EPS CAGR

73.9%

muy exigente

EPS terminal req.

$3.30

Spread vs growth

20.3%

10Y implied EPS CAGR

38.3%

muy exigente

EPS terminal req.

$5.32

Spread vs growth

55.9%

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 +2.4%

Total return

+2.4%

Start / end P/E

286.3x → 150.2x

EPS bridge

0.11 → 0.21

Residual

-44.8%

EPS growth+94.2%
Multiple rerating-47.5%
Dividend+0.5%
Residual / FX / buybacks / cross-term-44.8%

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.