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300708.SZ$9.00-1.32%
Fair $9.00+0.0%

300708.SZ

Focus Lightings Tech Co., Ltd.

Technology / SemiconductorsShenzhen

$9.00

-0.12 (-1.32%)

Fairly Valued+0.0%Fair Value $9.00Fund rank 27/100 · Data gapFallback financials|
SA 46/C
F-Score: 6/9

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 22%

FCF escenarios

weak_data · normalized FCF $17.6M · quality 45.3/100

Data gap 27/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 24/100Data 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

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 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.
Thesis & Journal · 300708.SZLocal privado en este navegador · Focus Lightings Tech 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

$8.5B

P/E

40.9x

↑

EV/EBITDA

13.3x

↑

ROE

7.2%

↑

Gross Margin

14.2%

↓

Debt/Equity

0.16

↓
52-Week Range$9
$8$13

TradingView lightweight chart

300708.SZ price, volumen y niveles de valoración

Último $9.000Periodo +478.6%
Fair value: $9.000

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

+15.5%

FCF CAGR

-43.5%

FCF margin

0.6%

FCF / Net income

0.09x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $3.13B · net income $205.0M · FCF $17.6M

2022-FY → 2025-FY

Gross margin

14.2%+5.1% pts

Operating margin

7.4%+7.6% pts

Net margin

6.6%+9.7% pts

FCF margin

0.6%-4.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$3.13B$3.13B$2.76B$2.48B$2.03B
Net Income$205.0M$205.0M$195.6M$121.2M$-63.3M
EBITDA$432.0M$432.0M$377.7M$248.4M$75.2M
EPS0.280.280.300.14-0.08
Gross Margin14.2%14.2%13.7%10.4%9.1%
Operating Margin7.4%7.4%6.9%2.8%-0.2%
Net Margin6.6%6.6%7.1%4.9%-3.1%
Balance Sheet
Debt/Equity0.160.160.190.300.39
Current Ratio1.351.35———
Cash Flow
Free Cash Flow$17.6M$17.6M$-14.4M$59.2M$97.6M
Returns
ROE7.2%7.2%7.2%4.2%-3.9%
Valuation
P/E40.9140.9131.4553.76—
EV/EBITDA13.2613.2613.5720.3560.12
P/B2.302.302.262.263.05
Growth & Yield
Revenue Growth13.3%13.3%11.2%22.3%—
EPS Growth-6.7%-6.7%107.1%275.0%—
Dividend Yield0.3%0.3%———

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

41.8%

muy exigente

EPS terminal req.

$0.80

Spread vs growth

-48.5%

5Y implied EPS CAGR

28.1%

muy exigente

EPS terminal req.

$0.97

Spread vs growth

-34.8%

10Y implied EPS CAGR

18.7%

exigente

EPS terminal req.

$1.56

Spread vs growth

-25.4%

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 +15.7%

Total return

+15.7%

Start / end P/E

26.0x → 32.1x

EPS bridge

0.30 → 0.28

Residual

-1.6%

EPS growth-6.7%
Multiple rerating+23.6%
Dividend+0.3%
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.