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300481.SZ$14.60+0.90%
Fair $14.60+0.0%

300481.SZ

Puyang Huicheng Electronic Material Co., Ltd.

Basic Materials / ChemicalsShenzhen

$14.60

+0.13 (+0.90%)

Fairly Valued+0.0%Fair Value $14.60Fund rank 34/100 · Data gapFallback financials|
SA 44/C
F-Score: 4/9
Margin Compression

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 $97.5M · quality 70.0/100

Data gap 34/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 60/100Data 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

44/100

C

Piotroski

4/9

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. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Operating margin has declined for 3 consecutive years
Thesis & Journal · 300481.SZLocal privado en este navegador · Puyang Huicheng Electronic Material 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

$4.3B

P/E

37.4x

↑

EV/EBITDA

13.4x

↑

ROE

5.4%

↑

Gross Margin

19.7%

↓

Debt/Equity

0.03

↓
52-Week Range$15
$13$20

TradingView lightweight chart

300481.SZ price, volumen y niveles de valoración

Último $14.60Periodo +233.1%
Fair value: $14.60

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

-4.1%

FCF CAGR

+7.2%

FCF margin

6.9%

FCF / Net income

0.74x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.41B · net income $131.3M · FCF $97.5M

2022-FY → 2025-FY

Gross margin

19.7%-16.3% pts

Operating margin

9.6%-18.2% pts

Net margin

9.3%-17.1% pts

FCF margin

6.9%+2.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.41B$1.41B$1.41B$1.38B$1.60B
Net Income$131.3M$131.3M$191.6M$235.1M$422.3M
EBITDA$243.0M$243.0M$284.6M$329.9M$540.9M
EPS0.450.450.650.801.43
Gross Margin19.7%19.7%21.8%26.1%36.0%
Operating Margin9.6%9.6%12.4%17.0%27.8%
Net Margin9.3%9.3%13.6%17.0%26.4%
Balance Sheet
Debt/Equity0.030.030.080.090.12
Current Ratio4.364.36———
Cash Flow
Free Cash Flow$97.5M$97.5M$59.3M$162.7M$79.1M
Returns
ROE5.4%5.4%7.9%9.6%18.2%
Valuation
P/E37.4437.4421.4620.8819.71
EV/EBITDA13.4113.4111.5913.6015.37
P/B1.761.761.702.013.59
Growth & Yield
Revenue Growth-0.0%-0.0%2.3%-13.6%—
EPS Growth-30.8%-30.8%-18.8%-44.1%—
Dividend Yield2.7%2.7%———

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

42.3%

muy exigente

EPS terminal req.

$1.30

Spread vs growth

-73.0%

5Y implied EPS CAGR

28.4%

muy exigente

EPS terminal req.

$1.57

Spread vs growth

-59.1%

10Y implied EPS CAGR

18.8%

exigente

EPS terminal req.

$2.52

Spread vs growth

-49.6%

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 +8.5%

Total return

+8.5%

Start / end P/E

21.2x → 32.4x

EPS bridge

0.65 → 0.45

Residual

-16.3%

EPS growth-30.8%
Multiple rerating+52.8%
Dividend+2.7%
Residual / FX / buybacks / cross-term-16.3%

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.