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HAVA.BA$5540.00-1.77%
Fair $5540.00+0.0%

HAVA.BA

Havanna Holding S.A.

Consumer Cyclical / RestaurantsBuenos Aires

$5540.00

-100.00 (-1.77%)

Fairly Valued+0.0%Fair Value $5540.00Fund rank 34/100 · Data gapFallback financials|
SA 42/C
F-Score: 3/9
Margin Compression

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 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $11.5B · quality 65.3/100

Data gap 34/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 65/100Data 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

42/100

C

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. 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
Thesis & Journal · HAVA.BALocal privado en este navegador · Havanna Holding 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

$260.2B

P/E

22.4x

↑

EV/EBITDA

8.3x

↓

ROE

18.7%

↑

Gross Margin

50.6%

↑

Debt/Equity

0.68

↑
52-Week Range$5540
$3810$6890

TradingView lightweight chart

HAVA.BA price, volumen y niveles de valoración

Último $5,540Periodo +14712.8%
Fair value: $5,540

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

+54.1%

FCF CAGR

-26.3%

FCF margin

2.2%

FCF / Net income

0.31x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $157.89B · net income $11.34B · FCF $3.52B

2022-FY → 2025-FY

Gross margin

50.6%-9.6% pts

Operating margin

17.1%-11.2% pts

Net margin

7.2%-9.9% pts

FCF margin

2.2%-18.1% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$157.89B$157.89B$155.12B$96.76B$43.12B
Net Income$11.34B$11.34B$17.02B$15.64B$7.36B
EBITDA$36.40B$36.40B$51.83B$38.72B$16.28B
EPS241.50241.50362.28332.88156.63
Gross Margin50.6%50.6%55.1%59.6%60.2%
Operating Margin17.1%17.1%21.3%24.8%28.3%
Net Margin7.2%7.2%11.0%16.2%17.1%
Balance Sheet
Debt/Equity0.680.680.660.220.24
Current Ratio1.951.95———
Cash Flow
Free Cash Flow$3.52B$3.52B$18.71B$11.55B$8.78B
Returns
ROE18.7%18.7%30.5%33.0%40.9%
Valuation
P/E22.3722.3717.4525.513.23
EV/EBITDA8.258.256.4110.511.68
P/B4.294.295.338.421.32
Growth & Yield
Revenue Growth1.8%1.8%60.3%124.4%—
EPS Growth-33.3%-33.3%8.8%112.5%—
Dividend Yield5.0%5.0%———

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

26.7%

muy exigente

EPS terminal req.

$491.58

Spread vs growth

-60.1%

5Y implied EPS CAGR

19.8%

exigente

EPS terminal req.

$594.82

Spread vs growth

-53.1%

10Y implied EPS CAGR

14.8%

razonable

EPS terminal req.

$957.96

Spread vs growth

-48.1%

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 -7.6%

Total return

-7.6%

Start / end P/E

17.5x → 22.9x

EPS bridge

362.28 → 241.50

Residual

-10.4%

EPS growth-33.3%
Multiple rerating+31.1%
Dividend+5.0%
Residual / FX / buybacks / cross-term-10.4%

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.