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9912.TW$12.45+0.00%
Fair $12.45+0.0%

9912.TW

Associated Industries China, Inc.

Technology / Electronic ComponentsTaiwan

$12.45

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $12.45Fund rank 28/100 · Data gapFallback financials|
SA 13/F
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 34% · confianza 18%

FCF escenarios

weak_data · normalized FCF $-39.5M · quality 45.3/100

Data gap 28/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 25/100Data 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

13/100

F

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 -15.4%, below the 5% threshold
Thesis & Journal · 9912.TWLocal privado en este navegador · Associated Industries China, Inc.
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

$674M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-15.4%

↓

Gross Margin

41.5%

↑

Debt/Equity

0.87

↑
52-Week Range$12
$11$13

TradingView lightweight chart

9912.TW price, volumen y niveles de valoración

Último $12.45Periodo -89.0%
Fair value: $12.45

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

-5.2%

FCF CAGR

—

FCF margin

-7.8%

FCF / Net income

0.66x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $506.4M · net income $-59.7M · FCF $-39.5M

2022-FY → 2025-FY

Gross margin

41.5%+9.7% pts

Operating margin

-12.0%-5.9% pts

Net margin

-11.8%-9.5% pts

FCF margin

-7.8%-0.6% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$506.4M$506.4M$504.5M$510.6M$594.4M
Net Income$-59.7M$-59.7M$-51.6M$-20.6M$-13.8M
EBITDA$-36.3M$-36.3M$-37.9M$-19.0M$-5.9M
EPS——-0.98-0.41-0.27
Gross Margin41.5%41.5%39.2%39.1%31.8%
Operating Margin-12.0%-12.0%-12.4%-7.8%-6.1%
Net Margin-11.8%-11.8%-10.2%-4.0%-2.3%
Balance Sheet
Debt/Equity0.870.870.640.420.66
Current Ratio0.960.96———
Cash Flow
Free Cash Flow$-39.5M$-39.5M$-121.7M$63.3M$-42.6M
Returns
ROE-15.4%-15.4%-11.7%-4.4%-3.3%
Valuation
P/B1.741.741.441.301.12
Growth & Yield
Revenue Growth0.4%0.4%-1.2%-14.1%—
EPS Growth——-139.0%-51.9%—

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 +7.3%

Total return

+7.3%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.98 → n/d

Residual

+7.3%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+7.3%

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.