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9110.TW$3.30+8.55%
Fair $3.30+0.0%

9110.TW

Vietnam Manufacturing and Export Processing (Holdings) Limited

Consumer Cyclical / Recreational VehiclesTaiwan

$3.30

+0.26 (+8.55%)

Fairly Valued+0.0%Fair Value $3.30Fund rank 22/100 · Data gapFallback financials|
SA 32/D
F-Score: 5/9

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 16%

FCF escenarios

weak_data · normalized FCF $-3.9M · quality 33.7/100

Data gap 22/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 6/100Data 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

32/100

D

Piotroski

5/9

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 holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists.
Thesis & Journal · 9110.TWLocal privado en este navegador · Vietnam Manufacturing and Export Processing (Holdings) 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

$3.0B

P/E

20.6x

↑

EV/EBITDA

328.2x

↑

ROE

9.6%

↑

Gross Margin

8.7%

↓

Debt/Equity

0.78

↑
52-Week Range$3
$2$6

TradingView lightweight chart

9110.TW price, volumen y niveles de valoración

Último $3.300Periodo -77.1%
Fair value: $3.300

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

-13.2%

FCF CAGR

—

FCF margin

-13.2%

FCF / Net income

-2.48x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $87.0M · net income $4.6M · FCF $-11.5M

2022-FY → 2025-FY

Gross margin

8.7%-1.5% pts

Operating margin

-3.4%-3.1% pts

Net margin

5.3%+5.5% pts

FCF margin

-13.2%-13.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$87.0M$87.0M$81.1M$105.1M$132.9M
Net Income$4.6M$4.6M$-3.8M$1.7M$-200346.00
EBITDA$9.2M$9.2M$-1.5M$4.6M$1.7M
EPS0.010.01-0.000.00-0.00
Gross Margin8.7%8.7%9.0%14.7%10.2%
Operating Margin-3.4%-3.4%-4.3%0.8%-0.4%
Net Margin5.3%5.3%-4.7%1.6%-0.2%
Balance Sheet
Debt/Equity0.780.780.800.880.84
Current Ratio2.262.26———
Cash Flow
Free Cash Flow$-11.5M$-11.5M$9.0M$-3.9M$-360204.00
Returns
ROE9.6%9.6%-8.5%3.3%-0.4%
Valuation
P/E20.6320.63—3763.16—
EV/EBITDA328.21328.21—1405.461620.20
P/B61.7661.76140.66126.9253.52
Growth & Yield
Revenue Growth7.2%7.2%-22.8%-20.9%—
EPS Growth221.4%221.4%-321.1%1050.0%—

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

285.8%

muy exigente

EPS terminal req.

$0.29

Spread vs growth

-64.4%

5Y implied EPS CAGR

133.5%

muy exigente

EPS terminal req.

$0.35

Spread vs growth

87.9%

10Y implied EPS CAGR

60.3%

muy exigente

EPS terminal req.

$0.57

Spread vs growth

161.1%

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 -48.7%

Total return

-48.7%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.00 → 0.01

Residual

-48.7%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-48.7%

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.