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CSR.WA$5.40+4.85%
Fair $5.40+0.0%

CSR.WA

Caspar Asset Management S.A.

Financial Services / Asset ManagementWarsaw

$5.40

+0.25 (+4.85%)

Fairly Valued+0.0%Fair Value $5.40Fund rank 37/100 · Data gapFallback financials|
SA 64/B
F-Score: 8/9

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 42.0/100

Data gap 37/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 76/100Data 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

64/100

B

Piotroski

8/9

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. Insufficient audited annual history (<3 SEC-backed years); financial Book/ROE targets are disabled until manually verified.
Thesis & Journal · CSR.WALocal privado en este navegador · Caspar Asset Management S.A.
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

$53M

P/E

19.3x

↑

EV/EBITDA

6.4x

↓

ROE

8.1%

↑

Gross Margin

6.5%

↓

Debt/Equity

0.19

↓
52-Week Range$5
$4$6

TradingView lightweight chart

CSR.WA price, volumen y niveles de valoración

Último $5.400Periodo -32.8%
Fair value: $5.400

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

+12.5%

FCF CAGR

-14.1%

FCF margin

6.7%

FCF / Net income

1.44x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $49.2M · net income $2.3M · FCF $3.3M

2022-FY → 2025-FY

Gross margin

6.5%-9.1% pts

Operating margin

6.4%-9.2% pts

Net margin

4.7%-7.6% pts

FCF margin

6.7%-8.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$49.2M$49.2M$39.5M$31.5M$34.5M
Net Income$2.3M$2.3M$1.8M$2.5M$4.2M
EBITDA$7.0M$7.0M$5.6M$6.8M$8.8M
EPS0.260.260.140.250.43
Gross Margin6.5%6.5%5.6%10.8%15.6%
Operating Margin6.4%6.4%5.5%10.8%15.6%
Net Margin4.7%4.7%4.5%7.9%12.3%
Balance Sheet
Debt/Equity0.190.190.230.340.26
Current Ratio2.972.97———
Cash Flow
Free Cash Flow$3.3M$3.3M$2.8M$4.3M$5.2M
Returns
ROE8.1%8.1%6.6%12.9%19.2%
Valuation
P/E19.2919.2952.8636.0031.86
EV/EBITDA6.396.3913.0013.0015.15
P/B1.891.892.714.596.13
Growth & Yield
Revenue Growth24.5%24.5%25.3%-8.7%—
EPS Growth85.7%85.7%-44.0%-41.9%—
Dividend Yield2.0%2.0%———

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

22.6%

exigente

EPS terminal req.

$0.48

Spread vs growth

63.1%

5Y implied EPS CAGR

17.4%

exigente

EPS terminal req.

$0.58

Spread vs growth

68.3%

10Y implied EPS CAGR

13.6%

razonable

EPS terminal req.

$0.93

Spread vs growth

72.1%

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 -3.3%

Total return

-3.3%

Start / end P/E

40.7x → 20.8x

EPS bridge

0.14 → 0.26

Residual

-42.0%

EPS growth+85.7%
Multiple rerating-49.0%
Dividend+2.0%
Residual / FX / buybacks / cross-term-42.0%

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.