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TH93.F$6.25+1.63%
Fair $6.25+0.0%

TH93.F

TH93.F

Communication Services / Electronic Gaming & MultimediaFrankfurt

$6.25

+0.10 (+1.63%)

Fairly Valued+0.0%Fair Value $6.25Fund rank 30/100 · Data gapFallback financials|
SA 39/D
F-Score: 3/9
Declining RevenueLow Profitability

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 24%

FCF escenarios

weak_data · normalized FCF $-878.0M · quality 74.3/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 44/100Data 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

39/100

D

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: 2unknown: 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. Revenue has declined for 3 consecutive years ROE is -29.8%, below the 5% threshold
Thesis & Journal · TH93.FLocal privado en este navegador · TH93.F
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

$1.4B

P/E

N/A

•

EV/EBITDA

-0.5x

↓

ROE

-29.8%

↓

Gross Margin

75.0%

↑

Debt/Equity

0.08

↓
52-Week Range$6
$4$18

TradingView lightweight chart

TH93.F price, volumen y niveles de valoración

Último $6.250Periodo -21.9%
Fair value: $6.250

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

-25.0%

FCF CAGR

—

FCF margin

-3.4%

FCF / Net income

0.09x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $15.91B · net income $-5.82B · FCF $-546.0M

2023-FY → 2026-FY

Gross margin

75.0%+1.5% pts

Operating margin

-45.2%-45.8% pts

Net margin

-36.6%-48.4% pts

FCF margin

-3.4%+0.8% pts
MetricTTM
2026
2025
2024
2023
Income Statement
Revenue$15.91B$15.91B$21.31B$27.41B$37.66B
Net Income$-5.82B$-5.82B$5.96B$-18.18B$4.45B
EBITDA$4.15B$4.15B$11.80B$1.58B$12.51B
EPS-27.67-27.6728.88-91.6825.02
Gross Margin75.0%75.0%81.2%91.6%73.5%
Operating Margin-45.2%-45.2%22.9%-0.4%0.6%
Net Margin-36.6%-36.6%28.0%-66.3%11.8%
Balance Sheet
Debt/Equity0.080.080.080.400.34
Current Ratio1.971.97———
Cash Flow
Free Cash Flow$-546.0M$-546.0M$-878.0M$-1.38B$-1.61B
Returns
ROE-29.8%-29.8%19.2%-34.7%6.9%
Valuation
P/E——0.61——
EV/EBITDA-0.48-0.48-0.0912.35—
P/B0.070.070.120.03—
Growth & Yield
Revenue Growth-25.4%-25.4%-22.2%-27.2%—
EPS Growth-195.8%-195.8%131.5%-466.4%—

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

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
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 -64.7%

Total return

-64.7%

Start / end P/E

n/dx → n/dx

EPS bridge

28.88 → -27.67

Residual

-64.7%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-64.7%

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.