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300650.SZ$13.96+0.29%
Fair $13.96+0.0%

300650.SZ

Tecnon Electronics Co., Ltd.

Industrials / Electrical Equipment & PartsShenzhen

$13.96

+0.04 (+0.29%)

Fairly Valued+0.0%Fair Value $13.96Fund rank 33/100 · Data gapFallback financials|
SA 26/D
F-Score: 3/9
Margin 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 32% · confianza 25%

FCF escenarios

weak_data · normalized FCF $369.5M · quality 65.7/100

Data gap 33/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 53/100Data 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

26/100

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: 2unknown: 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. Operating margin has declined for 3 consecutive years ROE is 3.2%, below the 5% threshold
Thesis & Journal · 300650.SZLocal privado en este navegador · Tecnon Electronics 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

$3.4B

P/E

73.5x

↑

EV/EBITDA

32.6x

↑

ROE

3.2%

↓

Gross Margin

8.1%

↓

Debt/Equity

0.47

↑
52-Week Range$14
$13$23

TradingView lightweight chart

300650.SZ price, volumen y niveles de valoración

Último $13.96Periodo +100.8%
Fair value: $13.96

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

-6.1%

FCF CAGR

—

FCF margin

-0.2%

FCF / Net income

-0.11x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.68B · net income $39.9M · FCF $-4.4M

2022-FY → 2025-FY

Gross margin

8.1%-1.1% pts

Operating margin

2.6%-1.2% pts

Net margin

1.5%-0.2% pts

FCF margin

-0.2%-15.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.68B$2.68B$2.57B$2.64B$3.24B
Net Income$39.9M$39.9M$51.2M$42.8M$54.6M
EBITDA$98.8M$98.8M$114.1M$117.6M$121.3M
EPS0.180.180.230.210.25
Gross Margin8.1%8.1%8.6%9.4%9.2%
Operating Margin2.6%2.6%3.0%3.6%3.8%
Net Margin1.5%1.5%2.0%1.6%1.7%
Balance Sheet
Debt/Equity0.470.470.370.440.55
Current Ratio1.871.87———
Cash Flow
Free Cash Flow$-4.4M$-4.4M$369.5M$591.4M$497.7M
Returns
ROE3.2%3.2%4.1%3.6%4.9%
Valuation
P/E73.4773.4747.2259.8139.52
EV/EBITDA32.6132.6120.8824.0721.37
P/B2.452.451.942.141.94
Growth & Yield
Revenue Growth4.1%4.1%-2.7%-18.3%—
EPS Growth-21.7%-21.7%9.5%-16.0%—
Dividend Yield0.4%0.4%———

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

90.2%

muy exigente

EPS terminal req.

$1.24

Spread vs growth

-111.9%

5Y implied EPS CAGR

52.8%

muy exigente

EPS terminal req.

$1.50

Spread vs growth

-74.5%

10Y implied EPS CAGR

29.6%

muy exigente

EPS terminal req.

$2.41

Spread vs growth

-51.4%

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 -15.6%

Total return

-15.6%

Start / end P/E

72.2x → 77.6x

EPS bridge

0.23 → 0.18

Residual

-1.6%

EPS growth-21.7%
Multiple rerating+7.4%
Dividend+0.4%
Residual / FX / buybacks / cross-term-1.6%

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.