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6939.HK$2.35-1.26%
Fair $2.35+0.0%

6939.HK

MEGAIN Holding (Cayman) Co., Ltd.

Technology / Computer HardwareHKSE

$2.35

-0.03 (-1.26%)

Fairly Valued+0.0%Fair Value $2.35Fund rank 25/100 · Data gapFallback financials|
SA 40/C
F-Score: 2/9
Margin CompressionLow 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 34% · confianza 18%

FCF escenarios

weak_data · normalized FCF $-19.4M · quality 43.7/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 11/100Data 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

40/100

C

Piotroski

2/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists. Operating margin has declined for 3 consecutive years ROE is -29.2%, below the 5% threshold
Thesis & Journal · 6939.HKLocal privado en este navegador · MEGAIN Holding (Cayman) 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

$1.2B

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-29.2%

↓

Gross Margin

5.6%

↓

Debt/Equity

0.08

↓
52-Week Range$2
$0$3

TradingView lightweight chart

6939.HK price, volumen y niveles de valoración

Último $2.350Periodo +75.4%
Fair value: $2.350

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

-3.6%

FCF CAGR

—

FCF margin

-24.5%

FCF / Net income

0.45x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $155.3M · net income $-83.7M · FCF $-38.1M

2022-FY → 2025-FY

Gross margin

5.6%-46.7% pts

Operating margin

-35.9%-63.6% pts

Net margin

-53.9%-79.8% pts

FCF margin

-24.5%-52.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$155.3M$155.3M$149.7M$172.4M$173.4M
Net Income$-83.7M$-83.7M$9.7M$23.2M$44.9M
EBITDA$-67.4M$-67.4M$17.8M$33.5M$60.4M
EPS——0.020.040.09
Gross Margin5.6%5.6%32.2%38.9%52.3%
Operating Margin-35.9%-35.9%1.6%11.8%27.8%
Net Margin-53.9%-53.9%6.5%13.5%25.9%
Balance Sheet
Debt/Equity0.080.080.030.010.01
Current Ratio6.456.45———
Cash Flow
Free Cash Flow$-38.1M$-38.1M$-8.5M$-19.4M$49.0M
Returns
ROE-29.2%-29.2%2.6%6.3%12.3%
Valuation
P/E——23.9512.447.70
EV/EBITDA——4.173.241.23
P/B4.264.260.640.780.96
Growth & Yield
Revenue Growth3.8%3.8%-13.2%-0.6%—
EPS Growth——-57.8%-48.3%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
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 +466.3%

Total return

+466.3%

Start / end P/E

n/dx → n/dx

EPS bridge

0.02 → n/d

Residual

+466.3%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+466.3%

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.