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v0.1
6908.HK$0.42-2.30%
Fair $0.42+0.0%

6908.HK

HG Semiconductor Limited

Technology / SemiconductorsHKSE

$0.42

-0.01 (-2.30%)

Fairly Valued+0.0%Fair Value $0.42Fund rank 31/100 · Data gapFallback financials|
SA 17/F
F-Score: 4/9
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 25%

FCF escenarios

weak_data · normalized FCF $-83.3M · quality 75.0/100

Data gap 31/100
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

17/100

F

Piotroski

4/9

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 -23.0%, below the 5% threshold
Thesis & Journal · 6908.HKLocal privado en este navegador · HG Semiconductor Limited
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

$493M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-23.0%

↓

Gross Margin

4.5%

↓

Debt/Equity

0.03

↓
52-Week Range$0
$0$1

TradingView lightweight chart

6908.HK price, volumen y niveles de valoración

Último $0.425Periodo -51.1%
Fair value: $0.420

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

+3.8%

FCF CAGR

—

FCF margin

-75.5%

FCF / Net income

0.65x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $97.8M · net income $-112.9M · FCF $-73.8M

2022-FY → 2025-FY

Gross margin

4.5%-14.3% pts

Operating margin

-130.3%-15.9% pts

Net margin

-115.5%+0.3% pts

FCF margin

-75.5%+112.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$97.8M$97.8M$75.3M$88.6M$87.5M
Net Income$-112.9M$-112.9M$-156.8M$-150.7M$-101.3M
EBITDA$-110.3M$-110.3M$-160.7M$-133.8M$-86.3M
EPS-0.12-0.12-0.20-0.23-0.17
Gross Margin4.5%4.5%10.3%9.6%18.8%
Operating Margin-130.3%-130.3%-197.1%-103.4%-114.4%
Net Margin-115.5%-115.5%-208.3%-170.1%-115.7%
Balance Sheet
Debt/Equity0.030.030.030.020.10
Current Ratio4.704.70———
Cash Flow
Free Cash Flow$-73.8M$-73.8M$-83.3M$-131.8M$-164.4M
Returns
ROE-23.0%-23.0%-29.0%-22.0%-17.1%
Valuation
P/B0.790.790.840.572.79
Growth & Yield
Revenue Growth29.9%29.9%-15.0%1.2%—
EPS Growth37.7%37.7%13.7%-32.8%—

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 -9.6%

Total return

-9.6%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.20 → -0.12

Residual

-9.6%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-9.6%

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.