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603683.SS$29.31-0.64%
Fair $29.31+0.0%

603683.SS

Shanghai Smith Adhesive New Material Co.,Ltd

Basic Materials / Specialty ChemicalsShanghai

$29.31

-0.19 (-0.64%)

Fairly Valued+0.0%Fair Value $29.31Fund rank 26/100 · Data gapFallback financials|
SA 57/C
F-Score: 7/9

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 34% · confianza 17%

FCF escenarios

weak_data · normalized FCF $-5.0M · quality 42.3/100

Data gap 26/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 16/100Data 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

57/100

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: 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 · 603683.SSLocal privado en este navegador · Shanghai Smith Adhesive New Material 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

$8.5B

P/E

86.2x

↑

EV/EBITDA

45.1x

↑

ROE

5.4%

↑

Gross Margin

17.3%

↓

Debt/Equity

0.47

↑
52-Week Range$29
$14$37

TradingView lightweight chart

603683.SS price, volumen y niveles de valoración

Último $29.31Periodo +266.1%
Fair value: $29.31

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

+15.4%

FCF CAGR

-31.2%

FCF margin

1.4%

FCF / Net income

0.34x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.17B · net income $89.3M · FCF $30.6M

2022-FY → 2025-FY

Gross margin

17.3%+3.5% pts

Operating margin

5.7%+1.1% pts

Net margin

4.1%+3.7% pts

FCF margin

1.4%-5.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.17B$2.17B$1.88B$1.56B$1.41B
Net Income$89.3M$89.3M$67.0M$56.6M$5.8M
EBITDA$193.3M$193.3M$162.0M$157.9M$110.1M
EPS0.320.320.260.240.03
Gross Margin17.3%17.3%17.1%16.3%13.8%
Operating Margin5.7%5.7%5.8%6.0%4.6%
Net Margin4.1%4.1%3.6%3.6%0.4%
Balance Sheet
Debt/Equity0.470.470.530.370.53
Current Ratio1.101.10———
Cash Flow
Free Cash Flow$30.6M$30.6M$-132.9M$-5.0M$94.2M
Returns
ROE5.4%5.4%5.0%4.4%0.6%
Valuation
P/E86.2186.2132.6946.38281.00
EV/EBITDA45.0745.0716.8717.8617.77
P/B4.964.961.652.051.69
Growth & Yield
Revenue Growth15.1%15.1%20.9%10.2%—
EPS Growth23.1%23.1%8.3%700.0%—
Dividend Yield0.3%0.3%———

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

101.1%

muy exigente

EPS terminal req.

$2.60

Spread vs growth

-78.0%

5Y implied EPS CAGR

58.0%

muy exigente

EPS terminal req.

$3.15

Spread vs growth

-34.9%

10Y implied EPS CAGR

31.8%

muy exigente

EPS terminal req.

$5.07

Spread vs growth

-8.7%

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 +101.6%

Total return

+101.6%

Start / end P/E

56.0x → 91.6x

EPS bridge

0.26 → 0.32

Residual

+14.7%

EPS growth+23.1%
Multiple rerating+63.6%
Dividend+0.3%
Residual / FX / buybacks / cross-term+14.7%

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.