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600939.SS$2.99+3.46%
Fair $2.99+0.0%

600939.SS

Chongqing Construction Engineering Group Corporation Limited

Industrials / Engineering & ConstructionShanghai

$2.99

+0.10 (+3.46%)

Fairly Valued+0.0%Fair Value $2.99Fund rank 25/100 · Data gapFallback financials|
SA 13/F
F-Score: 2/9
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 32% · confianza 21%

FCF escenarios

weak_data · normalized FCF $227.5M · quality 39.3/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 43/100Data 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

13/100

F

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: 3unknown: 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. Debt-to-Equity ratio is 2.56, above the 2.0 threshold Revenue has declined for 3 consecutive years ROE is -17.0%, below the 5% threshold
Thesis & Journal · 600939.SSLocal privado en este navegador · Chongqing Construction Engineering Group Corporation 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

$5.7B

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-17.0%

↓

Gross Margin

4.9%

↓

Debt/Equity

2.56

↑
52-Week Range$3
$3$5

TradingView lightweight chart

600939.SS price, volumen y niveles de valoración

Último $2.990Periodo -33.4%
Fair value: $2.990

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

-23.5%

FCF CAGR

-13.1%

FCF margin

2.8%

FCF / Net income

-0.53x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $22.11B · net income $-1.20B · FCF $628.1M

2022-FY → 2025-FY

Gross margin

4.9%-0.0% pts

Operating margin

0.9%-1.4% pts

Net margin

-5.4%-5.7% pts

FCF margin

2.8%+0.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$22.11B$22.11B$27.28B$44.71B$49.33B
Net Income$-1.20B$-1.20B$-436.3M$37.6M$151.5M
EBITDA$-289.4M$-289.4M$495.7M$1.09B$1.09B
EPS-0.63-0.63-0.24-0.00-0.01
Gross Margin4.9%4.9%6.1%5.6%4.9%
Operating Margin0.9%0.9%2.1%2.7%2.3%
Net Margin-5.4%-5.4%-1.6%0.1%0.3%
Balance Sheet
Debt/Equity2.562.562.502.141.86
Current Ratio0.900.90———
Cash Flow
Free Cash Flow$628.1M$628.1M$227.5M$75.7M$957.1M
Returns
ROE-17.0%-17.0%-5.6%0.4%1.7%
Valuation
EV/EBITDA——38.4817.6016.43
P/B0.810.810.660.750.76
Growth & Yield
Revenue Growth-18.9%-18.9%-39.0%-9.4%—
EPS Growth-162.5%-162.5%-11900.0%80.0%—

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 -2.3%

Total return

-2.3%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.24 → -0.63

Residual

-2.3%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-2.3%

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.