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SEA.JO$1405.00+2.93%
Fair $1405.00+0.0%

SEA.JO

Spear Reit Limited

Real Estate / REIT - DiversifiedJohannesburg

$1405.00

+40.00 (+2.93%)

Fairly Valued+0.0%Fair Value $1405.00Fund rank 26/100 · Data gapFallback financials|
SA 60/B
F-Score: 4/9
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 100% · confianza 20%

FCF escenarios

weak_data · normalized FCF n/d · quality 51.0/100

Data gap 26/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 24/100Data 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

60/100

B

Piotroski

4/9

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. Operating margin has declined for 3 consecutive years
Thesis & Journal · SEA.JOLocal privado en este navegador · Spear Reit 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

$7.0B

P/E

6.6x

↓

EV/EBITDA

711.1x

↑

ROE

14.9%

↑

Gross Margin

63.9%

↑

Debt/Equity

0.38

↓
52-Week Range$1405
$976$1421

TradingView lightweight chart

SEA.JO price, volumen y niveles de valoración

Último $1,405Periodo +52.6%
Fair value: $1,405

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2023–2026 · 3 años de histórico normalizado

Revenue CAGR

+13.7%

FCF CAGR

+31.3%

FCF margin

5.2%

FCF / Net income

0.06x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $851.9M · net income $799.7M · FCF $44.4M

2023-FY → 2026-FY

Gross margin

63.9%-2.0% pts

Operating margin

53.0%-2.5% pts

Net margin

93.9%+62.5% pts

FCF margin

5.2%+1.8% pts
MetricTTM
2026
2025
2024
2023
Income Statement
Revenue$851.9M$851.9M$690.1M$615.9M$580.2M
Net Income$799.7M$799.7M$525.1M$362.7M$182.2M
EBITDA$970.8M$970.8M$670.1M$541.5M$338.7M
EPS———1.580.77
Gross Margin63.9%63.9%65.0%65.1%65.9%
Operating Margin53.0%53.0%53.9%55.3%55.5%
Net Margin93.9%93.9%76.1%58.9%31.4%
Balance Sheet
Debt/Equity0.380.380.410.490.60
Current Ratio1.991.99———
Cash Flow
Free Cash Flow$44.4M$44.4M$9.2M$-7.8M$19.6M
Returns
ROE14.9%14.9%13.4%11.8%7.0%
Valuation
P/E6.636.63—515.51951.21
EV/EBITDA711.10711.10463.69348.05516.28
P/B128.10128.1079.1061.0566.80
Growth & Yield
Revenue Growth23.5%23.5%12.0%6.2%—
EPS Growth———104.9%—
Dividend Yield6.3%6.3%———

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

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
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 +42.0%

Total return

+42.0%

Start / end P/E

n/dx → n/dx

EPS bridge

n/d → n/d

Residual

+35.6%

EPS growthn/d
Multiple reratingn/d
Dividend+6.3%
Residual / FX / buybacks / cross-term+35.6%

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.