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3402.TWO$144.00-1.37%
Fair $144.00+0.0%

3402.TWO

Wholetech System Hitech Limited

Industrials / Specialty Industrial MachineryTaipei Exchange

$144.00

-2.00 (-1.37%)

Fairly Valued+0.0%Fair Value $144.00Fund rank 31/100 · Data gapFallback financials|
SA 48/C
F-Score: 3/9

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 33% · confianza 21%

FCF escenarios

weak_data · normalized FCF $123.9M · quality 55.3/100

Data gap 31/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 33/100Data 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

48/100

C

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: 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 · 3402.TWOLocal privado en este navegador · Wholetech System Hitech Limited
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

$10.5B

P/E

19.3x

↑

EV/EBITDA

10.0x

↑

ROE

24.2%

↑

Gross Margin

24.0%

↓

Debt/Equity

0.04

↓
52-Week Range$144
$91$161

TradingView lightweight chart

3402.TWO price, volumen y niveles de valoración

Último $144.00Periodo +326.3%
Fair value: $144.00

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

+3.2%

FCF CAGR

—

FCF margin

-12.7%

FCF / Net income

-1.22x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $5.25B · net income $547.8M · FCF $-665.8M

2022-FY → 2025-FY

Gross margin

24.0%+6.6% pts

Operating margin

13.5%+3.7% pts

Net margin

10.4%+2.4% pts

FCF margin

-12.7%-44.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$5.25B$5.25B$5.49B$4.44B$4.78B
Net Income$547.8M$547.8M$495.1M$399.0M$385.7M
EBITDA$817.0M$817.0M$750.4M$592.3M$573.7M
EPS——6.725.405.20
Gross Margin24.0%24.0%21.2%20.9%17.4%
Operating Margin13.5%13.5%10.4%10.2%9.8%
Net Margin10.4%10.4%9.0%9.0%8.1%
Balance Sheet
Debt/Equity0.040.040.020.210.16
Current Ratio1.171.17———
Cash Flow
Free Cash Flow$-665.8M$-665.8M$1.79B$123.9M$1.51B
Returns
ROE24.2%24.2%24.0%21.4%21.6%
Valuation
P/E19.3319.3316.1513.548.80
EV/EBITDA10.0010.006.396.242.30
P/B4.654.653.872.891.90
Growth & Yield
Revenue Growth-4.4%-4.4%23.6%-7.1%—
EPS Growth——24.4%3.8%—
Dividend Yield3.4%3.4%———

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

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

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 +60.6%

Total return

+60.6%

Start / end P/E

n/dx → n/dx

EPS bridge

6.72 → n/d

Residual

+57.2%

EPS growthn/d
Multiple reratingn/d
Dividend+3.4%
Residual / FX / buybacks / cross-term+57.2%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

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.