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603608.SS$19.31+1.85%
Fair $19.31+0.0%

603608.SS

Topscore Fashion Co., Ltd.

Consumer Cyclical / Footwear & AccessoriesShanghai

$19.31

+0.35 (+1.85%)

Fairly Valued+0.0%Fair Value $19.31Fund rank 28/100 · Data gapFallback financials|
SA 54/C
F-Score: 7/9
Low 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 26% · confianza 25%

FCF escenarios

weak_data · normalized FCF $93.8M · quality 50.0/100

Data gap 28/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 33/100Data 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

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: 1unknown: 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. ROE is 1.3%, below the 5% threshold
Thesis & Journal · 603608.SSLocal privado en este navegador · Topscore Fashion 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

275.9x

↑

EV/EBITDA

93.6x

↑

ROE

1.3%

↓

Gross Margin

60.1%

↑

Debt/Equity

0.21

↓
52-Week Range$19
$5$20

TradingView lightweight chart

603608.SS price, volumen y niveles de valoración

Último $19.31Periodo +91.6%
Fair value: $19.31

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

-3.4%

FCF CAGR

+272.3%

FCF margin

14.0%

FCF / Net income

11.06x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.15B · net income $14.5M · FCF $160.6M

2022-FY → 2025-FY

Gross margin

60.1%+1.8% pts

Operating margin

4.0%+12.1% pts

Net margin

1.3%+15.3% pts

FCF margin

14.0%+13.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.15B$1.15B$1.10B$1.27B$1.27B
Net Income$14.5M$14.5M$-90.8M$-30.2M$-178.7M
EBITDA$72.9M$72.9M$-14.1M$62.1M$-57.3M
EPS0.040.04-0.24-0.07-0.44
Gross Margin60.1%60.1%62.2%62.0%58.4%
Operating Margin4.0%4.0%-2.5%1.9%-8.2%
Net Margin1.3%1.3%-8.3%-2.4%-14.0%
Balance Sheet
Debt/Equity0.210.210.340.440.43
Current Ratio3.223.22———
Cash Flow
Free Cash Flow$160.6M$160.6M$19.4M$93.8M$3.1M
Returns
ROE1.3%1.3%-8.7%-2.3%-13.3%
Valuation
P/E275.86275.86———
EV/EBITDA93.5593.55—37.99—
P/B6.426.421.251.811.33
Growth & Yield
Revenue Growth4.5%4.5%-13.7%0.1%—
EPS Growth116.7%116.7%-242.9%84.1%—

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

249.9%

muy exigente

EPS terminal req.

$1.71

Spread vs growth

-133.2%

5Y implied EPS CAGR

120.3%

muy exigente

EPS terminal req.

$2.07

Spread vs growth

-3.6%

10Y implied EPS CAGR

55.7%

muy exigente

EPS terminal req.

$3.34

Spread vs growth

61.0%

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 +290.1%

Total return

+290.1%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.24 → 0.04

Residual

+290.1%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+290.1%

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.