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4946.TWO$105.00+2.94%
Fair $105.00+0.0%

4946.TWO

Cayenne Entertainment Technology Co., Ltd.

Communication Services / Electronic Gaming & MultimediaTaipei Exchange

$105.00

+3.00 (+2.94%)

Fairly Valued+0.0%Fair Value $105.00Fund rank 29/100 · Data gapFallback financials|
SA 34/D
F-Score: 7/9

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 34% · confianza 20%

FCF escenarios

weak_data · normalized FCF $-78.8M · quality 55.7/100

Data gap 29/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 24/100Data 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

34/100

D

Piotroski

7/9

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 · 4946.TWOLocal privado en este navegador · Cayenne Entertainment Technology 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

$930M

P/E

33.4x

↑

EV/EBITDA

20.9x

↑

ROE

38.2%

↑

Gross Margin

38.8%

↓

Debt/Equity

0.40

↑
52-Week Range$105
$97$279

TradingView lightweight chart

4946.TWO price, volumen y niveles de valoración

Último $105.00Periodo -75.1%
Fair value: $105.00

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

+46.0%

FCF CAGR

—

FCF margin

14.1%

FCF / Net income

2.04x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $354.8M · net income $24.5M · FCF $50.0M

2022-FY → 2025-FY

Gross margin

38.8%+8.5% pts

Operating margin

6.8%+80.7% pts

Net margin

6.9%+106.1% pts

FCF margin

14.1%+68.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$354.8M$354.8M$40.0M$29.7M$114.1M
Net Income$24.5M$24.5M$-77.4M$-84.9M$-113.1M
EBITDA$36.8M$36.8M$-69.8M$-81.2M$-75.8M
EPS——-11.40-14.66-21.86
Gross Margin38.8%38.8%-5.5%-85.5%30.3%
Operating Margin6.8%6.8%-175.3%-312.3%-73.8%
Net Margin6.9%6.9%-193.4%-285.6%-99.2%
Balance Sheet
Debt/Equity0.400.401.051.231.60
Current Ratio1.481.48———
Cash Flow
Free Cash Flow$50.0M$50.0M$-78.8M$-93.9M$-62.0M
Returns
ROE38.2%38.2%-181.3%-156.5%-236.5%
Valuation
P/E33.4433.44———
EV/EBITDA20.8620.86———
P/B12.7912.796.148.137.49
Growth & Yield
Revenue Growth786.3%786.3%34.6%-73.9%—
EPS Growth——22.2%32.9%—

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 -45.9%

Total return

-45.9%

Start / end P/E

n/dx → n/dx

EPS bridge

-11.40 → n/d

Residual

-45.9%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-45.9%

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.