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v0.1
3882.HK$0.47-2.08%
Fair $0.47+0.0%

3882.HK

Sky Light Holdings Limited

Industrials / Security & Protection ServicesHKSE

$0.47

-0.01 (-2.08%)

Fairly Valued+0.0%Fair Value $0.47Fund rank 19/100 · Data gapFallback financials|
SA 3/F
F-Score: 4/9
High DebtDeclining RevenueLow 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 35% · confianza 10%

FCF escenarios

weak_data · normalized FCF $-39.1M · quality 19.0/100

Data gap 19/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 17/100Data 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

3/100

F

Piotroski

4/9

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 holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists. Debt-to-Equity ratio is 10.63, above the 2.0 threshold Revenue has declined for 3 consecutive years ROE is -3.7%, below the 5% threshold
Thesis & Journal · 3882.HKLocal privado en este navegador · Sky Light Holdings 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

$474M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-367.6%

↓

Gross Margin

20.8%

↓

Debt/Equity

10.63

↑
52-Week Range$0
$0$1

TradingView lightweight chart

3882.HK price, volumen y niveles de valoración

Último $0.470Periodo -86.3%
Fair value: $0.470

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

-11.5%

FCF CAGR

—

FCF margin

-13.5%

FCF / Net income

1.00x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $288.9M · net income $-39.2M · FCF $-39.1M

2022-FY → 2025-FY

Gross margin

20.8%+3.2% pts

Operating margin

-7.7%+4.1% pts

Net margin

-13.6%-7.5% pts

FCF margin

-13.5%-18.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$288.9M$288.9M$296.4M$308.2M$417.1M
Net Income$-39.2M$-39.2M$-66.0M$-81.5M$-25.1M
EBITDA$-23.4M$-23.4M$-44.9M$-18.5M$3.4M
EPS-0.04-0.04-0.07-0.08-0.03
Gross Margin20.8%20.8%20.0%19.3%17.6%
Operating Margin-7.7%-7.7%-13.0%-17.7%-11.8%
Net Margin-13.6%-13.6%-22.3%-26.4%-6.0%
Balance Sheet
Debt/Equity10.6310.630.470.360.18
Current Ratio1.111.11———
Cash Flow
Free Cash Flow$-39.1M$-39.1M$3.8M$-98.0M$21.7M
Returns
ROE-367.6%-367.6%-71.3%-57.1%-14.6%
Valuation
EV/EBITDA————373.77
P/B44.5044.5014.606.857.70
Growth & Yield
Revenue Growth-2.5%-2.5%-3.8%-26.1%—
EPS Growth40.0%40.0%20.7%-215.4%—

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 -57.3%

Total return

-57.3%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.07 → -0.04

Residual

-57.3%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-57.3%

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.