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KGN.WA$78.60-2.12%
Fair $78.60+0.0%

KGN.WA

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Utilities / Utilities - Regulated ElectricWarsaw

$78.60

-1.70 (-2.12%)

Fairly Valued+0.0%Fair Value $78.60Fund rank 30/100 · Data gapFallback financials|
SA 64/B
F-Score: 8/9

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 33% · confianza 22%

FCF escenarios

weak_data · normalized FCF $482.2M · quality 53.0/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 30/100Data 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); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · KGN.WALocal privado en este navegador · Zespól Elektrocieplowni Wroclawskich KOGENERACJA 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

$1.2B

P/E

3.2x

↓

EV/EBITDA

2.6x

↓

ROE

10.7%

↑

Gross Margin

18.4%

↓

Debt/Equity

0.16

↓
52-Week Range$79
$52$84

TradingView lightweight chart

KGN.WA price, volumen y niveles de valoración

Último $78.60Periodo +53.2%
Fair value: $78.60

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

+13.5%

FCF CAGR

—

FCF margin

18.2%

FCF / Net income

1.74x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.65B · net income $277.0M · FCF $482.2M

2022-FY → 2025-FY

Gross margin

18.4%+3.5% pts

Operating margin

13.0%+4.2% pts

Net margin

10.5%+2.2% pts

FCF margin

18.2%+25.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.65B$2.65B$2.56B$3.16B$1.81B
Net Income$277.0M$277.0M$201.8M$255.7M$149.5M
EBITDA$595.1M$595.1M$484.4M$538.8M$396.6M
EPS18.5918.5913.5417.1610.04
Gross Margin18.4%18.4%13.0%31.4%14.9%
Operating Margin13.0%13.0%8.6%9.8%8.8%
Net Margin10.5%10.5%7.9%8.1%8.3%
Balance Sheet
Debt/Equity0.160.160.190.200.06
Current Ratio1.241.24———
Cash Flow
Free Cash Flow$482.2M$482.2M$566.5M$26.5M$-123.0M
Returns
ROE10.7%10.7%8.7%12.1%7.9%
Valuation
P/E3.233.233.873.542.44
EV/EBITDA2.642.642.512.421.19
P/B0.450.450.340.430.19
Growth & Yield
Revenue Growth3.7%3.7%-19.2%74.6%—
EPS Growth37.3%37.3%-21.1%70.9%—
Dividend Yield8.4%8.4%———

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

-27.9%

fácil

EPS terminal req.

$6.97

Spread vs growth

65.2%

5Y implied EPS CAGR

-14.6%

fácil

EPS terminal req.

$8.44

Spread vs growth

51.9%

10Y implied EPS CAGR

-3.1%

fácil

EPS terminal req.

$13.59

Spread vs growth

40.4%

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 +27.6%

Total return

+27.6%

Start / end P/E

4.9x → 4.2x

EPS bridge

13.54 → 18.59

Residual

-4.9%

EPS growth+37.3%
Multiple rerating-13.1%
Dividend+8.4%
Residual / FX / buybacks / cross-term-4.9%

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.