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600356.SS$9.06-1.20%
Fair $9.06+0.0%

600356.SS

Mudanjiang Hengfeng Paper Co.,Ltd

Basic Materials / Paper & Paper ProductsShanghai

$9.06

-0.11 (-1.20%)

Fairly Valued+0.0%Fair Value $9.06Fund rank 30/100 · Data gapFallback financials|
SA 54/C
F-Score: 6/9

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 32% · confianza 24%

FCF escenarios

weak_data · normalized FCF $92.8M · quality 50.7/100

Data gap 30/100
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

54/100

C

Piotroski

6/9

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. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists.
Thesis & Journal · 600356.SSLocal privado en este navegador · Mudanjiang Hengfeng Paper 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

$3.0B

P/E

12.2x

↓

EV/EBITDA

6.9x

↓

ROE

7.2%

↑

Gross Margin

19.5%

↓

Debt/Equity

0.23

↑
52-Week Range$9
$8$11

TradingView lightweight chart

600356.SS price, volumen y niveles de valoración

Último $9.060Periodo -50.1%
Fair value: $9.060

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

+4.7%

FCF CAGR

-15.0%

FCF margin

4.4%

FCF / Net income

0.63x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.82B · net income $197.7M · FCF $125.3M

2022-FY → 2025-FY

Gross margin

19.5%+2.1% pts

Operating margin

10.3%+2.4% pts

Net margin

7.0%+1.8% pts

FCF margin

4.4%-3.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.82B$2.82B$2.77B$2.65B$2.46B
Net Income$197.7M$197.7M$115.8M$136.2M$128.9M
EBITDA$398.3M$398.3M$319.6M$317.5M$332.1M
EPS0.660.660.390.460.43
Gross Margin19.5%19.5%17.8%17.4%17.4%
Operating Margin10.3%10.3%9.1%8.5%7.8%
Net Margin7.0%7.0%4.2%5.1%5.2%
Balance Sheet
Debt/Equity0.230.230.170.140.14
Current Ratio2.752.75———
Cash Flow
Free Cash Flow$125.3M$125.3M$-68.2M$92.8M$204.1M
Returns
ROE7.2%7.2%4.5%5.5%5.4%
Valuation
P/E12.2412.2418.5417.9318.63
EV/EBITDA6.876.877.087.687.34
P/B0.990.990.830.981.00
Growth & Yield
Revenue Growth1.8%1.8%4.7%7.8%—
EPS Growth69.2%69.2%-15.2%7.0%—
Dividend Yield1.3%1.3%———

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

Margins (%)

Returns (%)

Leverage & Liquidity

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

3Y implied EPS CAGR

6.8%

razonable

EPS terminal req.

$0.80

Spread vs growth

62.4%

5Y implied EPS CAGR

8.1%

razonable

EPS terminal req.

$0.97

Spread vs growth

61.2%

10Y implied EPS CAGR

9.0%

razonable

EPS terminal req.

$1.57

Spread vs growth

60.2%

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 +11.8%

Total return

+11.8%

Start / end P/E

21.0x → 13.7x

EPS bridge

0.39 → 0.66

Residual

-24.0%

EPS growth+69.2%
Multiple rerating-34.7%
Dividend+1.3%
Residual / FX / buybacks / cross-term-24.0%

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.