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600681.SS$3.87-1.02%
Fair $3.87+0.0%

600681.SS

Bestsun Energy Co., Ltd.

Utilities / Utilities - Regulated GasShanghai

$3.87

-0.04 (-1.02%)

Fairly Valued+0.0%Fair Value $3.87Fund rank 36/100 · Data gapFallback financials|
SA 35/D
F-Score: 3/9
Margin Compression

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 23% · confianza 25%

FCF escenarios

weak_data · normalized FCF $315.7M · quality 76.3/100

Data gap 36/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 77/100Data 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

35/100

D

Piotroski

3/9

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 commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Operating margin has declined for 3 consecutive years
Thesis & Journal · 600681.SSLocal privado en este navegador · Bestsun Energy 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

$5.2B

P/E

20.4x

↑

EV/EBITDA

9.2x

↓

ROE

6.7%

↑

Gross Margin

13.8%

↓

Debt/Equity

0.55

↓
52-Week Range$4
$3$6

TradingView lightweight chart

600681.SS price, volumen y niveles de valoración

Último $3.870Periodo +11.4%
Fair value: $3.870

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

+1.3%

FCF CAGR

+2.2%

FCF margin

5.5%

FCF / Net income

1.21x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $5.21B · net income $237.2M · FCF $287.6M

2022-FY → 2025-FY

Gross margin

13.8%-3.6% pts

Operating margin

9.7%-3.7% pts

Net margin

4.6%-3.3% pts

FCF margin

5.5%+0.1% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$5.21B$5.21B$5.09B$5.22B$5.01B
Net Income$237.2M$237.2M$319.0M$368.4M$391.2M
EBITDA$710.5M$710.5M$784.2M$838.3M$869.0M
EPS0.180.180.240.270.29
Gross Margin13.8%13.8%15.3%15.4%17.4%
Operating Margin9.7%9.7%11.2%11.4%13.4%
Net Margin4.6%4.6%6.3%7.1%7.8%
Balance Sheet
Debt/Equity0.550.550.440.490.45
Current Ratio0.520.52———
Cash Flow
Free Cash Flow$287.6M$287.6M$457.0M$315.7M$269.8M
Returns
ROE6.7%6.7%8.7%10.1%10.6%
Valuation
P/E20.3720.3713.6214.6314.76
EV/EBITDA9.179.176.777.747.87
P/B1.431.431.181.481.57
Growth & Yield
Revenue Growth2.3%2.3%-2.5%4.3%—
EPS Growth-25.0%-25.0%-11.1%-6.9%—
Dividend Yield3.1%3.1%———

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

24.0%

exigente

EPS terminal req.

$0.34

Spread vs growth

-49.0%

5Y implied EPS CAGR

18.2%

exigente

EPS terminal req.

$0.42

Spread vs growth

-43.2%

10Y implied EPS CAGR

14.0%

razonable

EPS terminal req.

$0.67

Spread vs growth

-39.0%

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 +12.7%

Total return

+12.7%

Start / end P/E

14.7x → 21.5x

EPS bridge

0.24 → 0.18

Residual

-11.5%

EPS growth-25.0%
Multiple rerating+46.2%
Dividend+3.1%
Residual / FX / buybacks / cross-term-11.5%

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.