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6657.HK$11.50-8.00%
Fair $11.50+0.0%

6657.HK

Baiwang Co., Ltd.

Technology / Software - ApplicationHKSE

$11.50

-1.00 (-8.00%)

Fairly Valued+0.0%Fair Value $11.50Fund rank 30/100 · Data gapFallback financials|
SA 28/D
F-Score: 3/9
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 33% · confianza 24%

FCF escenarios

weak_data · normalized FCF $-159.9M · quality 73.7/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 40/100Data 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

28/100

D

Piotroski

3/9

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 -1.0%, below the 5% threshold
Thesis & Journal · 6657.HKLocal privado en este navegador · Baiwang 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

$2.6B

P/E

N/A

•

EV/EBITDA

345.8x

↑

ROE

-1.0%

↓

Gross Margin

42.3%

↑

Debt/Equity

0.01

↓
52-Week Range$12
$11$42

TradingView lightweight chart

6657.HK price, volumen y niveles de valoración

Último $11.50Periodo -70.4%
Fair value: $11.50

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

+11.5%

FCF CAGR

—

FCF margin

-23.8%

FCF / Net income

17.99x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $728.6M · net income $-9.6M · FCF $-173.2M

2022-FY → 2025-FY

Gross margin

42.3%+1.5% pts

Operating margin

-2.7%+15.1% pts

Net margin

-1.3%+27.9% pts

FCF margin

-23.8%-10.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$728.6M$728.6M$659.2M$713.0M$525.8M
Net Income$-9.6M$-9.6M$-501.2M$-358.0M$-153.5M
EBITDA$6.4M$6.4M$-480.9M$-339.7M$-137.5M
EPS——-2.73-1.58-0.68
Gross Margin42.3%42.3%40.0%39.6%40.8%
Operating Margin-2.7%-2.7%-24.7%-38.4%-17.7%
Net Margin-1.3%-1.3%-76.0%-50.2%-29.2%
Balance Sheet
Debt/Equity0.010.010.00-0.01-0.02
Current Ratio3.943.94———
Cash Flow
Free Cash Flow$-173.2M$-173.2M$-159.9M$-105.4M$-68.8M
Returns
ROE-1.0%-1.0%-53.3%25.6%12.5%
Valuation
EV/EBITDA345.79345.79———
P/B2.772.776.90——
Growth & Yield
Revenue Growth10.5%10.5%-7.5%35.6%—
EPS Growth——-72.3%-133.2%—

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 -68.2%

Total return

-68.2%

Start / end P/E

n/dx → n/dx

EPS bridge

-2.73 → n/d

Residual

-68.2%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-68.2%

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.