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9928.HK$0.59+3.51%
Fair $0.59+0.0%

9928.HK

Times Neighborhood Holdings Limited

Real Estate / Real Estate ServicesHKSE

$0.59

+0.02 (+3.51%)

Fairly Valued+0.0%Fair Value $0.59Fund rank 36/100 · Data gapFallback financials|
SA 52/C
F-Score: 6/9
Low Profitability

Book/ROE base 3Y

n/d

n/d CAGR · P/B n/d

Book/ROE base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

Book/ROE escenarios

weak_data · book/share n/d · quality 0.0/100

Data gap 36/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 66/100Data 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

52/100

C

Piotroski

6/9

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. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled. ROE is 1.3%, below the 5% threshold
Thesis & Journal · 9928.HKLocal privado en este navegador · Times Neighborhood 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

$580M

P/E

29.5x

↑

EV/EBITDA

-5.4x

↓

ROE

1.3%

↓

Gross Margin

19.9%

↓

Debt/Equity

0.03

↓
52-Week Range$1
$0$1

TradingView lightweight chart

9928.HK price, volumen y niveles de valoración

Último $0.590Periodo -87.9%
Fair value: $0.590

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

-1.4%

FCF CAGR

+34.1%

FCF margin

4.1%

FCF / Net income

6.01x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.50B · net income $17.1M · FCF $102.7M

2022-FY → 2025-FY

Gross margin

19.9%-1.5% pts

Operating margin

9.5%+1.8% pts

Net margin

0.7%+8.9% pts

FCF margin

4.1%+2.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.50B$2.50B$2.39B$2.47B$2.61B
Net Income$17.1M$17.1M$4.7M$-201.8M$-213.6M
EBITDA$95.5M$95.5M$97.5M$-94.0M$-171.5M
EPS0.020.020.01-0.20-0.22
Gross Margin19.9%19.9%20.4%20.9%21.3%
Operating Margin9.5%9.5%9.2%8.4%7.7%
Net Margin0.7%0.7%0.2%-8.2%-8.2%
Balance Sheet
Debt/Equity0.030.030.010.010.01
Current Ratio1.771.77———
Cash Flow
Free Cash Flow$102.7M$102.7M$173.1M$123.4M$42.6M
Returns
ROE1.3%1.3%0.4%-14.9%-13.6%
Valuation
P/E29.5029.5088.00——
EV/EBITDA-5.41-5.41-6.83——
P/B0.430.430.330.370.74
Growth & Yield
Revenue Growth4.5%4.5%-3.3%-5.2%—
EPS Growth240.0%240.0%102.4%6.8%—
Dividend Yield9.3%9.3%———

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

Margins (%)

Returns (%)

Leverage & Liquidity

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

3Y implied EPS CAGR

45.5%

muy exigente

EPS terminal req.

$0.05

Spread vs growth

194.5%

5Y implied EPS CAGR

30.1%

muy exigente

EPS terminal req.

$0.06

Spread vs growth

209.9%

10Y implied EPS CAGR

19.6%

exigente

EPS terminal req.

$0.10

Spread vs growth

220.4%

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 +20.6%

Total return

+20.6%

Start / end P/E

106.0x → 34.7x

EPS bridge

0.01 → 0.02

Residual

-161.4%

EPS growth+240.0%
Multiple rerating-67.3%
Dividend+9.3%
Residual / FX / buybacks / cross-term-161.4%

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.