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v0.1
3603.HK$0.08+1.25%
Fair $0.08+0.0%

3603.HK

Xinji Shaxi Group Co., Ltd

Real Estate / Real Estate ServicesHKSE

$0.08

+0.00 (+1.25%)

Fairly Valued+0.0%Fair Value $0.08Fund rank 30/100 · Data gapFallback financials|
SA 23/D
F-Score: 3/9
Declining RevenueMargin CompressionLow Profitability

Book/ROE base 3Y

n/d

n/d CAGR · P/B n/d

Book/ROE base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

Book/ROE escenarios

weak_data · book/share n/d · quality 0.0/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 62/100Data 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

23/100

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: 3unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled. Revenue has declined for 3 consecutive years Operating margin has declined for 3 consecutive years ROE is -2.4%, below the 5% threshold
Thesis & Journal · 3603.HKLocal privado en este navegador · Xinji Shaxi Group 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

$121M

P/E

N/A

•

EV/EBITDA

13.9x

↑

ROE

-2.4%

↓

Gross Margin

80.0%

↑

Debt/Equity

0.87

↑
52-Week Range$0
$0$0

TradingView lightweight chart

3603.HK price, volumen y niveles de valoración

Último $0.081Periodo -93.8%
Fair value: $0.081

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

-10.3%

FCF CAGR

-16.9%

FCF margin

34.3%

FCF / Net income

-2.67x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $215.2M · net income $-27.7M · FCF $73.9M

2022-FY → 2025-FY

Gross margin

80.0%-4.0% pts

Operating margin

58.0%-8.4% pts

Net margin

-12.9%+43.7% pts

FCF margin

34.3%-8.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$215.2M$215.2M$254.8M$273.4M$298.4M
Net Income$-27.7M$-27.7M$-162.3M$-80.0M$-168.7M
EBITDA$30.6M$30.6M$-139.2M$-23.1M$-150.9M
EPS——-0.11-0.05-0.11
Gross Margin80.0%80.0%82.8%84.2%84.0%
Operating Margin58.0%58.0%64.0%64.5%66.5%
Net Margin-12.9%-12.9%-63.7%-29.3%-56.5%
Balance Sheet
Debt/Equity0.870.870.860.820.63
Current Ratio0.940.94———
Cash Flow
Free Cash Flow$73.9M$73.9M$143.0M$123.2M$128.7M
Returns
ROE-2.4%-2.4%-13.8%-6.0%-11.9%
Valuation
EV/EBITDA13.9213.92———
P/B0.110.110.060.250.26
Growth & Yield
Revenue Growth-15.5%-15.5%-6.8%-8.4%—
EPS Growth——-120.0%54.5%—

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

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
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 +97.6%

Total return

+97.6%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.11 → n/d

Residual

+97.6%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+97.6%

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.