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3887.HK$3.42+3.64%
Fair $3.42+0.0%

3887.HK

HashKey Holdings Limited

Financial Services / Financial Data & Stock ExchangesHKSE

$3.42

+0.12 (+3.64%)

Fairly Valued+0.0%Fair Value $3.42Fund rank 29/100 · Data gapFallback financials|
SA 26/D
F-Score: 2/9
Low 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 100.0/100

Data gap 29/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 32/100Data 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

26/100

D

Piotroski

2/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 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. ROE is -38.5%, below the 5% threshold
Thesis & Journal · 3887.HKLocal privado en este navegador · HashKey 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

$9.5B

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-38.5%

↓

Gross Margin

56.5%

↑

Debt/Equity

0.01

↓
52-Week Range$3
$3$8

TradingView lightweight chart

3887.HK price, volumen y niveles de valoración

Último $3.420Periodo -48.7%
Fair value: $3.420

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

+77.6%

FCF CAGR

—

FCF margin

-96.2%

FCF / Net income

0.64x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $723.1M · net income $-1.09B · FCF $-695.8M

2022-FY → 2025-FY

Gross margin

56.5%-40.7% pts

Operating margin

-117.1%+179.2% pts

Net margin

-150.3%+302.7% pts

FCF margin

-96.2%+21.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$723.1M$723.1M$720.7M$207.8M$129.1M
Net Income$-1.09B$-1.09B$-1.19B$-580.4M$-584.7M
EBITDA$-838.5M$-838.5M$-983.5M$-510.5M$-536.8M
EPS——-0.42-0.20-0.21
Gross Margin56.5%56.5%73.9%94.0%97.2%
Operating Margin-117.1%-117.1%-145.3%-257.2%-296.3%
Net Margin-150.3%-150.3%-165.0%-279.3%-453.0%
Balance Sheet
Debt/Equity0.010.01-0.04-0.1362.36
Current Ratio3.493.49———
Cash Flow
Free Cash Flow$-695.8M$-695.8M$-188.9M$-289.7M$-151.5M
Returns
ROE-38.5%-38.5%110.9%109.2%-8983.0%
Valuation
P/B3.353.35———
Growth & Yield
Revenue Growth0.3%0.3%246.9%61.0%—
EPS Growth——-104.9%0.7%—

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 · available periodreconcilia total -48.7%

Total return

-48.7%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.42 → n/d

Residual

-48.7%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-48.7%

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.