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603665.SS$28.50+7.26%
Fair $28.50+0.0%

603665.SS

ZheJiang KangLongDa Special Protection Technology Co., Ltd

Consumer Cyclical / Footwear & AccessoriesShanghai

$28.50

+1.96 (+7.26%)

Fairly Valued+0.0%Fair Value $28.50Fund rank 21/100 · Data gapFallback financials|
SA 31/D
F-Score: 7/9
Declining Revenue

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 34% · confianza 14%

FCF escenarios

weak_data · normalized FCF $-14.2M · quality 27.0/100

Data gap 21/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 15/100Data 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

31/100

D

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. Revenue has declined for 2 consecutive years
Thesis & Journal · 603665.SSLocal privado en este navegador · ZheJiang KangLongDa Special Protection 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

$4.6B

P/E

58.2x

↑

EV/EBITDA

22.3x

↑

ROE

12.1%

↑

Gross Margin

15.4%

↓

Debt/Equity

1.79

↑
52-Week Range$29
$22$41

TradingView lightweight chart

603665.SS price, volumen y niveles de valoración

Último $28.96Periodo +39.1%
Fair value: $28.50

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

+0.8%

FCF CAGR

—

FCF margin

-1.0%

FCF / Net income

-0.18x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.41B · net income $79.5M · FCF $-14.2M

2022-FY → 2025-FY

Gross margin

15.4%-15.8% pts

Operating margin

4.5%-8.6% pts

Net margin

5.7%-9.6% pts

FCF margin

-1.0%-1.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.41B$1.41B$1.52B$1.56B$1.37B
Net Income$79.5M$79.5M$-485.5M$-220.3M$209.1M
EBITDA$252.7M$252.7M$-298.0M$-105.8M$350.1M
EPS0.490.49-3.01-1.391.32
Gross Margin15.4%15.4%16.8%18.4%31.2%
Operating Margin4.5%4.5%1.8%4.6%13.2%
Net Margin5.7%5.7%-31.9%-14.1%15.2%
Balance Sheet
Debt/Equity1.791.792.071.251.13
Current Ratio0.540.54———
Cash Flow
Free Cash Flow$-14.2M$-14.2M$45.9M$-96.2M$11.6M
Returns
ROE12.1%12.1%-79.1%-18.9%15.3%
Valuation
P/E58.1658.16——27.38
EV/EBITDA22.3422.34——18.44
P/B7.047.043.483.694.19
Growth & Yield
Revenue Growth-7.5%-7.5%-2.7%13.7%—
EPS Growth116.3%116.3%-116.5%-205.3%—
Dividend Yield0.5%0.5%———

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

72.8%

muy exigente

EPS terminal req.

$2.53

Spread vs growth

43.5%

5Y implied EPS CAGR

44.2%

muy exigente

EPS terminal req.

$3.06

Spread vs growth

72.0%

10Y implied EPS CAGR

26.0%

muy exigente

EPS terminal req.

$4.93

Spread vs growth

90.3%

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 +26.2%

Total return

+26.2%

Start / end P/E

n/dx → n/dx

EPS bridge

-3.01 → 0.49

Residual

+25.6%

EPS growthn/d
Multiple reratingn/d
Dividend+0.5%
Residual / FX / buybacks / cross-term+25.6%

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.