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603181.SS$13.71-3.65%
Fair $13.71+0.0%

603181.SS

Zhejiang Huangma Technology Co.,Ltd

Basic Materials / Specialty ChemicalsShanghai

$13.71

-0.52 (-3.65%)

Fairly Valued+0.0%Fair Value $13.71Fund rank 29/100 · Data gapFallback financials|
SA 44/C
F-Score: 5/9

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 33% · confianza 21%

FCF escenarios

weak_data · normalized FCF $121.6M · quality 48.3/100

Data gap 29/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 26/100Data 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

44/100

C

Piotroski

5/9

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 · 603181.SSLocal privado en este navegador · Zhejiang Huangma 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

$8.1B

P/E

17.8x

↑

EV/EBITDA

12.3x

↑

ROE

12.7%

↑

Gross Margin

26.2%

↑

Debt/Equity

0.13

↓
52-Week Range$14
$12$21

TradingView lightweight chart

603181.SS price, volumen y niveles de valoración

Último $13.71Periodo +170.5%
Fair value: $13.71

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

+3.3%

FCF CAGR

-14.5%

FCF margin

6.9%

FCF / Net income

0.38x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.40B · net income $436.6M · FCF $165.7M

2022-FY → 2025-FY

Gross margin

26.2%+2.8% pts

Operating margin

20.6%-2.1% pts

Net margin

18.2%-3.7% pts

FCF margin

6.9%-5.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.40B$2.40B$2.33B$1.89B$2.18B
Net Income$436.6M$436.6M$397.8M$324.7M$477.1M
EBITDA$632.3M$632.3M$591.2M$497.0M$644.2M
EPS0.760.760.700.570.82
Gross Margin26.2%26.2%25.0%24.6%23.4%
Operating Margin20.6%20.6%19.8%18.9%22.7%
Net Margin18.2%18.2%17.1%17.1%21.9%
Balance Sheet
Debt/Equity0.130.130.130.120.15
Current Ratio4.324.32———
Cash Flow
Free Cash Flow$165.7M$165.7M$-158.2M$121.6M$265.1M
Returns
ROE12.7%12.7%12.8%11.8%18.9%
Valuation
P/E17.8117.8115.8418.8217.32
EV/EBITDA12.3512.3510.4311.5812.39
P/B2.292.292.032.223.27
Growth & Yield
Revenue Growth3.1%3.1%23.2%-13.2%—
EPS Growth8.6%8.6%22.8%-30.5%—
Dividend Yield1.6%1.6%———

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

17.0%

exigente

EPS terminal req.

$1.22

Spread vs growth

-8.4%

5Y implied EPS CAGR

14.1%

razonable

EPS terminal req.

$1.47

Spread vs growth

-5.6%

10Y implied EPS CAGR

12.0%

razonable

EPS terminal req.

$2.37

Spread vs growth

-3.5%

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 +8.3%

Total return

+8.3%

Start / end P/E

18.4x → 18.0x

EPS bridge

0.70 → 0.76

Residual

-0.1%

EPS growth+8.6%
Multiple rerating-1.7%
Dividend+1.6%
Residual / FX / buybacks / cross-term-0.1%

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.