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3848.HK$11.21-0.09%
Fair $11.21+0.0%

3848.HK

Haosen Fintech Group Limited

Financial Services / Credit ServicesHKSE

$11.21

-0.01 (-0.09%)

Fairly Valued+0.0%Fair Value $11.21Fund rank 31/100 · Data gapFallback financials|
SA 36/D
F-Score: 5/9
Declining RevenueLow 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 10.0/100

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

36/100

D

Piotroski

5/9

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); financial Book/ROE targets are disabled until manually verified. Revenue has declined for 2 consecutive years ROE is 0.9%, below the 5% threshold
Thesis & Journal · 3848.HKLocal privado en este navegador · Haosen Fintech Group 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

$1.8B

P/E

1121.0x

↑

EV/EBITDA

154.6x

↑

ROE

0.9%

↓

Gross Margin

76.2%

↑

Debt/Equity

0.22

↓
52-Week Range$11
$10$13

TradingView lightweight chart

3848.HK price, volumen y niveles de valoración

Último $11.21Periodo +80.8%
Fair value: $11.21

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

-5.8%

FCF CAGR

+26.8%

FCF margin

61.4%

FCF / Net income

10.17x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $92.3M · net income $5.6M · FCF $56.7M

2022-FY → 2025-FY

Gross margin

76.2%+0.1% pts

Operating margin

9.1%-29.9% pts

Net margin

6.0%-15.8% pts

FCF margin

61.4%+36.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$92.3M$92.3M$107.3M$113.4M$110.6M
Net Income$5.6M$5.6M$5.6M$23.2M$24.1M
EBITDA$12.0M$12.0M$9.4M$30.7M$48.5M
EPS——0.040.150.15
Gross Margin76.2%76.2%77.6%76.4%76.1%
Operating Margin9.1%9.1%4.0%21.2%39.0%
Net Margin6.0%6.0%5.2%20.4%21.8%
Balance Sheet
Debt/Equity0.220.220.300.290.22
Current Ratio4.224.22———
Cash Flow
Free Cash Flow$56.7M$56.7M$19.4M$-62.3M$27.8M
Returns
ROE0.9%0.9%1.0%4.0%4.3%
Valuation
P/E1121.001121.00160.6141.3839.96
EV/EBITDA154.63154.63110.9435.8421.40
P/B2.992.991.551.671.74
Growth & Yield
Revenue Growth-14.0%-14.0%-5.3%2.5%—
EPS Growth——-75.8%-3.9%—
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%
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 -5.2%

Total return

-5.2%

Start / end P/E

n/dx → n/dx

EPS bridge

0.04 → n/d

Residual

-5.5%

EPS growthn/d
Multiple reratingn/d
Dividend+0.3%
Residual / FX / buybacks / cross-term-5.5%

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.