Also trades as: PCCWY (OTC) · $vol 0M · PCWLF (OTC) · $vol 0M

HK$5.14 ($0.66)

-0.03 (-0.58%)

Weekly Expected Move ±2.3%

HK$5 HK$5 HK$5 HK$5 HK$5

HKSE · Communication Services · Telecommunications Services · Tech Score Strong Sell · Power 33 · HK$39.9B mcap · 3.84B float · 0.231% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. 0008.HK receives an overall rating of C. Areas of concern: ROE (1/5), D/E (1/5), P/E (1/5), P/B (1/5).

Rating Change History

Date	From	To
2026-09-07	B-	C
2026-09-03	C+	B-
2026-08-04	C-	C+
2026-04-08	None	ADDED
2026-04-07	EXISTED	None

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 40 Grade C

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. 0008.HK scores highest in Momentum (92/100) and lowest in Safety (15/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

0.93

Distress Zone

Piotroski F-Score

5/9

✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✓

Beneish M-Score

-2.81

Unlikely Manipulator

Ohlson O-Score

-7.77

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 28.0/100

Trend: Stable

Earnings Quality

75/100

OCF/NI: 457.83x

Accruals: -18.3%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. 0008.HK scores 0.93, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. 0008.HK scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. 0008.HK's score of -2.81 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. 0008.HK's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. 0008.HK receives an estimated rating of B (score: 28.0/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). 0008.HK's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-472.02x

PEG

-5.62x

P/S

0.96x

P/B

-9.46x

P/FCF

4.49x

P/OCF

2.20x

EV/EBITDA

4.33x

EV/Revenue

1.37x

EV/EBIT

9.70x

EV/FCF

11.96x

Earnings Yield

0.10%

FCF Yield

22.26%

Shareholder Yield

25.29%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. 0008.HK currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.006

NI / EBT

Interest Burden

0.612

EBT / EBIT

EBIT Margin

0.141

EBIT / Rev

Asset Turnover

0.785

Rev / Assets

Equity Multiplier

122.968

Assets / Equity

ROE

4.9%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. 0008.HK's ROE of 4.9% is driven by financial leverage (equity multiplier: 122.97x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 0.01 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$0.05

Price/Value

118.35x

Margin of Safety

-11735.18%

Premium

11735.18%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with 0008.HK's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. 0008.HK trades at a 11735% premium to its adjusted intrinsic value of $0.05, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of -472.0x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$5.15

Median 1Y

$5.53

5th Pctile

$4.06

95th Pctile

$7.54

Ann. Volatility

18.9%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
ROE	39.2%	22.6%	19.0%	15.6%	12.3%	10.7%	8.9%	5.3%	-2.5%	-5.6%	-5.8%	-3.0%	-4.4%	-5.6%	-13.0%	-16.5%	-8.1%	-8.8%	-1.3%	4.9%	4.93%
ROA	5.7%	4.1%	3.5%	2.7%	2.1%	2.1%	1.7%	0.8%	-0.4%	-0.8%	-0.9%	-0.4%	-0.5%	-0.7%	-1.2%	-1.6%	-0.8%	-0.6%	-0.3%	0.0%	0.04%
ROIC	19.6%	18.1%	17.1%	13.7%	12.5%	11.6%	11.0%	10.5%	9.5%	8.2%	8.6%	9.2%	10.7%	11.1%	14.4%	12.7%	13.7%	14.0%	12.8%	12.7%	12.74%
ROCE	17.5%	16.4%	16.8%	18.3%	16.8%	16.0%	14.3%	13.9%	11.4%	10.2%	10.9%	12.2%	13.1%	13.2%	13.6%	13.1%	14.7%	14.1%	14.5%	15.2%	15.17%
Gross Margin	53.4%	51.2%	49.3%	46.5%	47.2%	32.1%	29.1%	26.7%	24.3%	25.4%	25.2%	25.1%	32.9%	28.2%	28.8%	28.7%	29.6%	47.3%	26.8%	24.9%	24.87%
Operating Margin	15.7%	12.0%	18.2%	10.6%	16.2%	11.7%	15.4%	9.3%	12.2%	9.4%	13.7%	10.6%	15.2%	10.8%	16.1%	11.3%	17.1%	12.4%	14.6%	10.7%	10.70%
Net Margin	6.0%	0.5%	4.2%	1.0%	3.6%	1.0%	2.5%	-3.2%	-2.2%	-1.7%	2.2%	-0.5%	-3.0%	-2.9%	0.1%	-2.6%	0.8%	-1.7%	1.4%	-0.5%	-0.47%
EBITDA Margin	14.2%	22.4%	22.8%	19.9%	20.7%	34.1%	34.8%	29.4%	29.5%	30.6%	33.1%	33.7%	35.2%	35.2%	37.4%	21.0%	37.8%	24.0%	33.6%	30.6%	30.58%
FCF Margin	19.8%	19.4%	17.8%	16.3%	12.6%	12.5%	9.8%	12.1%	9.7%	5.9%	6.7%	5.9%	12.9%	17.9%	16.7%	18.6%	14.9%	14.5%	17.5%	11.4%	11.43%
OCF Margin	28.9%	28.6%	26.9%	25.2%	22.3%	22.1%	21.4%	26.0%	28.0%	26.5%	26.5%	23.3%	24.4%	26.9%	28.0%	29.9%	25.7%	25.0%	22.9%	23.4%	23.37%
ROA 3Y Avg	snapshot only																				-0.63%
ROIC 3Y Avg	snapshot only																				3.46%
ROIC Economic	snapshot only																				12.24%
Cash ROA	snapshot only																				17.28%
Cash ROIC	snapshot only																				29.15%
CROIC	snapshot only																				14.26%
NOPAT Margin	snapshot only																				10.22%
Pretax Margin	snapshot only																				8.62%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				18.13%
SBC / Revenue	snapshot only																				0.02%

Valuation

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
P/E Ratio	3.78	5.40	6.42	8.52	11.21	11.24	13.95	27.46	-73.10	-27.97	-25.99	-67.55	-46.61	-42.47	-26.30	-19.76	-44.53	-65.76	-127.85	1005.99	-472.018
P/S Ratio	0.21	0.24	0.25	0.25	0.27	0.28	0.29	0.29	0.33	0.30	0.29	0.33	0.29	0.37	0.40	0.40	0.46	0.53	0.54	0.51	0.960
P/B Ratio	1.37	0.94	0.95	1.10	1.17	1.34	1.42	1.70	2.49	1.70	1.58	2.13	1.93	2.82	11.59	4.94	4.58	9.57	-21.26	-9.80	-9.464
P/FCF	1.07	1.22	1.41	1.56	2.11	2.24	2.93	2.43	3.39	5.02	4.38	5.60	2.28	2.08	2.38	2.17	3.12	3.67	3.08	4.49	4.492
P/OCF	0.73	0.83	0.93	1.01	1.19	1.27	1.35	1.13	1.17	1.12	1.11	1.41	1.20	1.38	1.42	1.35	1.81	2.13	2.35	2.20	2.197
EV/EBITDA	3.25	3.27	3.15	4.20	4.14	4.00	3.66	3.46	3.34	3.21	2.82	3.06	2.84	3.10	3.13	3.67	3.51	4.19	4.65	4.33	4.326
EV/Revenue	0.73	0.67	0.70	0.83	0.89	0.96	1.00	1.02	1.07	1.00	0.87	0.97	0.94	1.06	1.11	1.18	1.16	1.27	1.37	1.37	1.368
EV/EBIT	4.94	4.21	4.09	4.86	5.03	5.87	6.44	6.99	8.88	9.18	8.42	8.70	7.60	8.07	7.98	8.96	7.92	8.75	9.75	9.70	9.702
EV/FCF	3.69	3.44	3.95	5.07	7.05	7.71	10.13	8.49	11.05	16.92	12.93	16.52	7.30	5.93	6.64	6.38	7.80	8.76	7.84	11.96	11.964
Earnings Yield	26.5%	18.5%	15.6%	11.7%	8.9%	8.9%	7.2%	3.6%	-1.4%	-3.6%	-3.8%	-1.5%	-2.1%	-2.4%	-3.8%	-5.1%	-2.2%	-1.5%	-0.8%	0.1%	0.10%
FCF Yield	93.8%	82.2%	70.8%	64.1%	47.4%	44.6%	34.2%	41.1%	29.5%	19.9%	22.8%	17.9%	43.8%	48.1%	42.0%	46.0%	32.0%	27.2%	32.5%	22.3%	22.26%
EV/OCF	snapshot only																				5.852
EV/Gross Profit	snapshot only																				4.297
Acquirers Multiple	snapshot only																				9.984
Shareholder Yield	snapshot only																				25.29%

Leverage & Solvency

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Current Ratio	1.46	1.93	1.91	1.00	1.47	1.16	1.28	1.04	0.94	1.01	0.86	0.82	0.70	0.74	0.68	0.60	0.59	0.70	0.62	0.57	0.568
Quick Ratio	1.39	1.86	1.84	0.95	1.33	1.00	1.12	0.96	0.87	0.95	0.79	0.75	0.61	0.63	0.61	0.51	0.51	0.61	0.56	0.51	0.514
Debt/Equity	3.79	2.40	2.37	3.01	3.18	3.48	3.86	4.65	6.10	4.60	3.43	4.37	4.51	5.50	21.84	9.92	7.20	14.02	-34.98	-17.31	-17.314
Net Debt/Equity	3.36	1.71	1.70	2.47	2.75	3.26	3.48	4.23	5.63	4.03	3.08	4.15	4.24	5.24	20.75	9.55	6.86	13.28	—	—	—
Debt/Assets	0.57	0.53	0.51	0.57	0.58	0.59	0.61	0.62	0.62	0.60	0.52	0.56	0.54	0.58	0.57	0.61	0.55	0.59	0.65	0.67	0.670
Debt/EBITDA	2.60	2.96	2.82	3.54	3.35	3.03	2.88	2.71	2.51	2.57	2.08	2.13	2.08	2.12	2.11	2.51	2.21	2.57	3.00	2.87	2.868
Net Debt/EBITDA	2.31	2.11	2.02	2.91	2.90	2.84	2.60	2.47	2.32	2.25	1.87	2.02	1.95	2.01	2.01	2.42	2.10	2.43	2.82	2.70	2.702
Interest Coverage	—	—	—	—	—	13.34	6.04	3.75	2.34	2.20	2.27	2.67	2.73	2.62	2.24	1.84	1.98	2.00	2.10	2.31	2.308
Equity Multiplier	6.62	4.57	4.61	5.31	5.51	5.90	6.36	7.46	9.85	7.61	6.56	7.83	8.31	9.48	38.11	16.35	13.19	23.94	-53.62	-25.82	-25.824
Cash Ratio	snapshot only																				0.125
Debt Service Coverage	snapshot only																				5.177
Cash to Debt	snapshot only																				0.058
FCF to Debt	snapshot only																				0.126
Defensive Interval	snapshot only																				294.2 days

Efficiency & Turnover

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Asset Turnover	1.02	0.95	0.90	0.89	0.87	0.83	0.80	0.79	0.79	0.79	0.80	0.81	0.78	0.76	0.77	0.76	0.76	0.79	0.78	0.79	0.785
Inventory Turnover	42.10	35.61	42.83	32.04	26.05	23.47	26.28	37.60	31.95	29.40	28.11	36.80	31.98	31.84	33.82	25.85	25.11	24.47	31.50	26.84	26.843
Receivables Turnover	18.78	19.35	13.96	12.65	13.37	19.40	10.75	10.23	10.39	13.34	9.55	12.87	10.85	14.36	11.25	17.13	14.06	22.10	14.08	15.43	15.427
Payables Turnover	14.50	15.32	15.75	17.01	16.65	20.16	19.34	21.95	17.10	19.19	13.50	16.15	10.44	12.04	8.55	9.31	7.71	7.36	6.31	6.24	6.244
DSO	19	19	26	29	27	19	34	36	35	27	38	28	34	25	32	21	26	17	26	24	23.7 days
DIO	9	10	9	11	14	16	14	10	11	12	13	10	11	11	11	14	15	15	12	14	13.6 days
DPO	25	24	23	21	22	18	19	17	21	19	27	23	35	30	43	39	47	50	58	58	58.5 days
Cash Conversion Cycle	3	5	12	19	19	16	29	29	25	21	24	16	10	7	1	-4	-7	-18	-20	-21	-21.2 days
Fixed Asset Turnover	snapshot only																				2.390
Operating Cycle	snapshot only																				37.3 days
Cash Velocity	snapshot only																				18.974
Capital Intensity	snapshot only																				1.353

Growth (YoY)

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Revenue	28.2%	17.5%	3.6%	-1.0%	-2.6%	-1.9%	1.5%	0.0%	-0.2%	2.3%	0.9%	1.8%	-0.6%	-4.5%	-6.0%	-6.7%	-1.6%	3.3%	7.5%	11.8%	11.78%
Net Income	-16.3%	-38.0%	-47.4%	-58.2%	-58.8%	-44.1%	-46.4%	-64.3%	-1.2%	-1.4%	-1.6%	-1.5%	-39.5%	21.2%	-25.5%	-2.9%	-63.0%	4.5%	70.1%	1.0%	1.03%
EPS	-19.4%	-40.1%	-48.4%	-58.7%	-58.8%	-44.2%	-46.5%	-64.2%	-1.2%	-1.4%	-1.6%	-1.5%	-39.2%	21.2%	-25.4%	-2.9%	-63.1%	4.6%	70.1%	1.0%	1.03%
FCF	32.7%	9.1%	-16.8%	-20.1%	-38.2%	-37.0%	-43.8%	-26.1%	-23.3%	-51.5%	-31.3%	-50.5%	32.3%	1.9%	1.3%	1.9%	13.7%	-16.3%	12.5%	-31.2%	-31.17%
EBITDA	19.6%	-4.2%	-4.3%	-20.4%	-7.3%	15.4%	24.3%	50.2%	49.0%	32.8%	13.6%	9.0%	2.9%	4.8%	8.3%	-5.1%	-1.7%	-8.4%	-10.5%	9.5%	9.51%
Op. Income	51.3%	24.4%	13.1%	3.4%	-4.3%	1.0%	-6.8%	-6.4%	-14.9%	-16.5%	-16.8%	-11.7%	-0.5%	3.5%	11.3%	8.7%	12.5%	16.8%	12.7%	13.7%	13.74%
OCF Growth	snapshot only																				-12.73%
Asset Growth	snapshot only																				13.20%
Equity Growth	snapshot only																				-1.72%
Debt Growth	snapshot only																				25.12%
Shares Change	snapshot only																				0.11%
Dividend Growth	snapshot only																				1.30%

Growth (CAGR)

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Revenue 3Y	17.4%	17.1%	16.5%	15.8%	14.9%	13.9%	13.2%	11.5%	7.6%	5.6%	2.0%	0.3%	-1.1%	-1.4%	-1.3%	-1.7%	-0.8%	0.3%	0.6%	2.0%	2.00%
Revenue 5Y	22.0%	19.6%	18.1%	12.0%	5.1%	5.6%	6.0%	7.6%	9.5%	10.0%	10.1%	9.6%	8.5%	7.6%	6.6%	5.6%	4.1%	3.1%	1.4%	1.0%	0.99%
EPS 3Y	-1.7%	-8.3%	-12.2%	-20.4%	-27.1%	-25.8%	-30.6%	-43.5%	—	—	—	—	—	—	—	—	—	—	—	-63.0%	-63.03%
EPS 5Y	13.1%	7.1%	4.4%	-3.5%	-12.9%	-12.7%	-16.0%	-27.8%	—	—	—	—	—	—	—	—	—	—	—	-62.5%	-62.46%
Net Income 3Y	1.8%	-6.5%	-10.4%	-18.8%	-25.6%	-24.2%	-29.2%	-42.4%	—	—	—	—	—	—	—	—	—	—	—	-63.0%	-62.99%
Net Income 5Y	15.5%	10.0%	7.2%	-0.9%	-10.6%	-10.3%	-13.8%	-26.3%	—	—	—	—	—	—	—	—	—	—	—	-62.3%	-62.34%
EBITDA 3Y	30.7%	25.6%	28.0%	27.3%	35.7%	28.3%	32.3%	23.3%	18.2%	13.7%	10.6%	9.2%	12.4%	17.1%	15.2%	15.8%	14.6%	8.4%	3.3%	4.2%	4.23%
EBITDA 5Y	18.0%	19.3%	30.4%	23.5%	18.6%	22.7%	24.2%	24.7%	25.2%	24.9%	24.3%	27.5%	30.8%	24.0%	23.3%	14.1%	10.8%	7.1%	5.5%	6.3%	6.26%
Gross Profit 3Y	17.5%	16.0%	15.1%	13.1%	11.1%	7.1%	2.2%	-3.8%	-13.3%	-16.9%	-20.2%	-22.0%	-20.9%	-19.9%	-19.0%	-17.5%	-16.5%	-8.5%	-4.7%	-0.1%	-0.13%
Gross Profit 5Y	21.8%	20.5%	19.7%	13.5%	6.2%	4.3%	1.9%	-0.3%	-3.5%	-4.4%	-5.3%	-6.0%	-5.4%	-5.5%	-5.6%	-5.9%	-8.0%	-6.4%	-7.8%	-8.8%	-8.84%
Op. Income 3Y	15.9%	13.9%	16.0%	15.1%	15.8%	16.2%	15.1%	12.9%	7.2%	1.6%	-4.3%	-5.1%	-6.8%	-4.4%	-4.8%	-3.5%	-1.6%	0.3%	1.4%	3.0%	2.97%
Op. Income 5Y	17.3%	15.3%	17.2%	12.0%	5.9%	6.5%	5.7%	5.8%	4.9%	4.5%	3.9%	4.7%	5.7%	6.3%	7.1%	6.7%	6.6%	4.9%	1.9%	1.1%	1.11%
FCF 3Y	23.9%	19.1%	12.0%	3.3%	-9.6%	-8.8%	-10.7%	-6.8%	-14.3%	-30.7%	-31.5%	-33.6%	-14.4%	-4.1%	-3.3%	2.6%	4.9%	5.5%	21.8%	0.2%	0.17%
FCF 5Y	28.8%	23.8%	15.1%	13.6%	9.5%	5.4%	0.5%	3.4%	-2.1%	-12.4%	-11.5%	-16.6%	-5.6%	1.2%	2.8%	3.4%	-1.1%	-4.2%	-3.3%	-9.9%	-9.91%
OCF 3Y	17.5%	18.2%	16.9%	14.1%	9.2%	9.1%	6.7%	11.2%	5.8%	1.2%	-4.0%	-7.3%	-6.6%	-3.3%	-0.0%	4.1%	4.0%	4.6%	2.9%	-1.6%	-1.61%
OCF 5Y	19.8%	14.5%	12.2%	9.1%	6.5%	5.1%	2.6%	6.9%	8.8%	9.0%	9.9%	7.0%	7.2%	9.2%	8.5%	8.4%	1.2%	-0.7%	-5.0%	-3.6%	-3.61%
Assets 3Y	18.2%	22.0%	26.1%	26.0%	23.6%	20.1%	22.4%	5.9%	10.2%	11.4%	8.0%	6.7%	6.1%	1.3%	1.0%	1.0%	1.6%	2.9%	2.1%	3.7%	3.65%
Assets 5Y	8.3%	11.3%	13.2%	12.2%	10.7%	14.9%	17.1%	18.6%	15.2%	16.0%	15.5%	14.9%	13.8%	11.4%	11.9%	3.1%	6.2%	6.4%	7.1%	7.2%	7.19%
Equity 3Y	—	—	48.4%	27.4%	23.9%	22.5%	19.1%	11.0%	-0.7%	9.2%	9.2%	1.2%	-1.7%	-20.6%	-50.1%	-30.6%	-24.1%	-35.5%	—	—	—
Book Value 3Y	—	—	45.5%	24.9%	21.4%	20.0%	16.8%	8.9%	-2.0%	7.9%	8.5%	0.8%	-1.8%	-20.6%	-50.1%	-30.6%	-24.1%	-35.5%	—	—	—
Dividend 3Y	-2.5%	-0.9%	30.6%	30.5%	23.3%	23.3%	6.6%	6.7%	1.4%	1.5%	0.9%	1.1%	2.9%	3.0%	5.4%	5.3%	3.2%	3.2%	0.4%	0.4%	0.36%

Growth Quality

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Revenue Stability	0.95	0.97	0.95	0.85	0.54	0.65	0.69	0.75	0.82	0.86	0.78	0.68	0.59	0.58	0.57	0.53	0.56	0.58	0.22	0.03	0.025
Earnings Stability	0.75	0.38	0.25	0.04	0.05	0.13	0.18	0.39	0.62	0.67	0.69	0.75	0.85	0.86	0.89	0.90	0.90	0.86	0.81	0.73	0.735
Margin Stability	0.99	0.97	0.96	0.94	0.93	0.91	0.88	0.83	0.77	0.75	0.72	0.70	0.68	0.68	0.68	0.67	0.66	0.68	0.70	0.69	0.688
Rev. Growth Consistency	1.00	1.00	1.00	0.00	0.00	0.00	1.00	0.50	0.00	0.50	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.500
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.00	0.00	0.00	1.00	0.50	0.50	0.500
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.93	0.85	0.81	0.50	0.50	0.82	0.81	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.50	0.98	0.50	0.20	0.200
Earnings Smoothness	0.82	0.53	0.38	0.18	0.17	0.43	0.40	0.05	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	-0.14	-0.34	-0.35	-0.33	-0.33	-0.23	-0.23	-0.24	-0.27	-0.21	-0.19	-0.13	-0.08	-0.10	-0.46	-0.27	-0.07	-0.08	—	—	—
Gross Margin Trend	-0.01	-0.02	-0.01	-0.03	-0.05	-0.09	-0.14	-0.18	-0.23	-0.22	-0.20	-0.17	-0.11	-0.08	-0.03	0.00	0.01	0.07	0.06	0.05	0.045
FCF Margin Trend	-0.03	-0.03	-0.03	-0.04	-0.07	-0.08	-0.10	-0.06	-0.07	-0.10	-0.07	-0.08	0.02	0.09	0.08	0.10	0.04	0.03	0.06	-0.01	-0.008
Sustainable Growth Rate	18.7%	7.3%	-4.8%	-9.8%	-18.8%	-15.2%	-17.9%	-25.7%	—	—	—	—	—	—	—	—	—	—	—	-7.1%	-7.06%
Internal Growth Rate	2.8%	1.4%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Cash Flow Quality

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
OCF/Net Income	5.17	6.54	6.88	8.42	9.41	8.87	10.37	24.36	-62.45	-24.96	-23.40	-47.89	-38.69	-30.77	-18.53	-14.66	-24.63	-30.92	-54.51	457.83	457.829
FCF/OCF	0.69	0.68	0.66	0.65	0.56	0.56	0.46	0.46	0.34	0.22	0.25	0.25	0.53	0.66	0.60	0.62	0.58	0.58	0.76	0.49	0.489
FCF/Net Income	snapshot only																				223.951
OCF/EBITDA	snapshot only																				0.739
CapEx/Revenue	9.1%	9.2%	9.2%	8.8%	9.7%	9.6%	11.6%	14.0%	18.3%	20.6%	19.7%	17.4%	11.5%	9.1%	11.3%	11.4%	10.8%	10.5%	5.4%	5.3%	5.27%
CapEx/Depreciation	snapshot only																				0.301
Accruals Ratio	-0.24	-0.23	-0.21	-0.20	-0.17	-0.16	-0.15	-0.20	-0.22	-0.22	-0.22	-0.19	-0.19	-0.21	-0.23	-0.24	-0.20	-0.20	-0.18	-0.18	-0.183
Sloan Accruals	snapshot only																				-0.190
Cash Flow Adequacy	snapshot only																				1.850
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Dividend Yield	13.8%	12.5%	19.5%	19.1%	22.6%	21.5%	21.6%	21.4%	19.8%	21.5%	22.0%	19.7%	24.4%	19.7%	20.3%	20.1%	17.2%	14.6%	14.1%	14.3%	7.43%
Dividend/Share	$0.29	$0.29	$0.48	$0.48	$0.59	$0.59	$0.62	$0.62	$0.64	$0.64	$0.64	$0.64	$0.69	$0.70	$0.75	$0.75	$0.76	$0.76	$0.76	$0.76	$0.38
Payout Ratio	52.3%	67.8%	1.3%	1.6%	2.5%	2.4%	3.0%	5.9%	—	—	—	—	—	—	—	—	—	—	—	144.3%	144.27%
FCF Payout Ratio	14.8%	15.3%	27.6%	29.8%	47.6%	48.3%	63.2%	52.0%	67.3%	1.1%	96.4%	1.1%	55.6%	40.8%	48.3%	43.7%	53.8%	53.7%	43.5%	64.4%	64.42%
Total Payout Ratio	56.9%	96.1%	1.6%	2.1%	3.0%	2.4%	3.0%	5.9%	—	—	—	—	—	—	—	—	—	—	—	254.4%	254.37%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	0.17	0.16	1.56	1.55	1.22	1.21	0.50	0.50	0.28	0.30	0.27	0.25	0.34	0.29	0.37	0.37	0.27	0.25	0.16	0.16	0.157
Buyback Yield	1.2%	5.3%	5.0%	4.9%	3.7%	0.0%	0.0%	0.0%	0.0%	2.9%	5.5%	4.9%	10.8%	11.1%	4.4%	4.3%	0.4%	0.3%	0.0%	10.9%	10.94%
Net Buyback Yield	-11.5%	-17.8%	-17.1%	-16.7%	-6.7%	0.0%	0.0%	0.0%	0.0%	-22.4%	-21.6%	-19.3%	-10.2%	6.8%	-0.9%	-0.9%	-0.1%	-0.1%	-0.5%	10.5%	10.48%
Total Shareholder Return	2.3%	-5.3%	2.4%	2.4%	15.9%	21.5%	21.6%	21.4%	19.8%	-0.9%	0.4%	0.4%	14.2%	26.5%	19.3%	19.2%	17.1%	14.5%	13.7%	24.8%	24.82%

DuPont Factors

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Tax Burden (NI/EBT)	0.50	0.43	0.35	0.28	0.22	0.22	0.20	0.11	-0.07	-0.18	-0.20	-0.07	-0.08	-0.11	-0.19	-0.30	-0.13	-0.10	-0.05	0.01	0.006
Interest Burden (EBT/EBIT)	0.75	0.64	0.65	0.63	0.62	0.69	0.67	0.64	0.57	0.54	0.56	0.63	0.63	0.62	0.56	0.51	0.53	0.54	0.59	0.61	0.612
EBIT Margin	0.15	0.16	0.17	0.17	0.18	0.16	0.15	0.15	0.12	0.11	0.10	0.11	0.12	0.13	0.14	0.13	0.15	0.15	0.14	0.14	0.141
Asset Turnover	1.02	0.95	0.90	0.89	0.87	0.83	0.80	0.79	0.79	0.79	0.80	0.81	0.78	0.76	0.77	0.76	0.76	0.79	0.78	0.79	0.785
Equity Multiplier	6.88	5.47	5.38	5.85	5.97	5.17	5.38	6.23	7.11	6.69	6.46	7.64	9.03	8.39	11.21	10.64	10.24	13.87	388.30	122.97	122.968

Per Share

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
EPS (Diluted TTM)	$0.56	$0.44	$0.38	$0.29	$0.23	$0.24	$0.20	$0.10	$-0.04	$-0.11	$-0.11	$-0.05	$-0.06	$-0.08	$-0.14	$-0.19	$-0.10	$-0.08	$-0.04	$0.01	$0.01
Book Value/Share	$1.56	$2.51	$2.58	$2.28	$2.21	$2.04	$2.01	$1.69	$1.29	$1.74	$1.86	$1.54	$1.48	$1.25	$0.32	$0.76	$0.97	$0.55	$-0.25	$-0.54	$-0.20
Tangible Book/Share	$-2.34	$-1.34	$-1.41	$-1.35	$-1.57	$-1.79	$-2.09	$-2.48	$-2.99	$-2.71	$-2.91	$-3.07	$-3.22	$-3.48	$-4.75	$-4.38	$-4.19	$-4.83	$-5.86	$-6.25	$-6.25
Revenue/Share	$10.08	$9.96	$9.75	$9.81	$9.80	$9.76	$9.89	$9.81	$9.79	$9.98	$9.97	$9.97	$9.71	$9.52	$9.37	$9.30	$9.56	$9.82	$10.05	$10.38	$5.37
FCF/Share	$2.00	$1.93	$1.73	$1.60	$1.23	$1.22	$0.97	$1.18	$0.95	$0.59	$0.67	$0.59	$1.25	$1.70	$1.56	$1.73	$1.42	$1.42	$1.76	$1.19	$0.35
OCF/Share	$2.92	$2.85	$2.63	$2.47	$2.18	$2.15	$2.12	$2.55	$2.74	$2.64	$2.64	$2.33	$2.37	$2.57	$2.62	$2.78	$2.46	$2.46	$2.30	$2.43	$1.30
Cash/Share	$0.68	$1.72	$1.73	$1.22	$0.95	$0.45	$0.75	$0.70	$0.60	$0.98	$0.65	$0.35	$0.40	$0.33	$0.35	$0.28	$0.33	$0.41	$0.52	$0.55	$0.55
EBITDA/Share	$2.27	$2.03	$2.17	$1.93	$2.10	$2.34	$2.70	$2.91	$3.13	$3.11	$3.06	$3.16	$3.21	$3.26	$3.32	$3.00	$3.16	$2.98	$2.96	$3.28	$3.28
Debt/Share	$5.91	$6.02	$6.12	$6.85	$7.04	$7.10	$7.76	$7.87	$7.84	$8.00	$6.37	$6.74	$6.68	$6.90	$7.01	$7.53	$6.98	$7.66	$8.88	$9.41	$9.41
Net Debt/Share	$5.24	$4.29	$4.39	$5.63	$6.09	$6.65	$7.01	$7.17	$7.25	$7.02	$5.72	$6.40	$6.27	$6.57	$6.66	$7.25	$6.64	$7.26	$8.36	$8.87	$8.87

Academic Models

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.932
Altman Z-Prime	snapshot only																				-0.289
Piotroski F-Score	5	6	6	4	4	3	3	5	3	3	4	4	5	6	3	3	3	4	4	5	5
Beneish M-Score	-3.59	-3.71	-2.63	-2.47	-2.21	-1.61	-2.59	-3.83	-2.95	-3.28	-3.26	-3.34	-3.52	-3.84	-3.93	-3.87	-3.51	-3.71	-2.94	-2.81	-2.808
Ohlson O-Score	snapshot only																				-7.772
Net-Net WC	snapshot only																				$-11.75
EVA	snapshot only																				$1764780794.22

Credit

Metric	Q4'16	Q2'17	Q4'17	Q2'18	Q4'18	Q2'19	Q4'19	Q2'20	Q4'20	Q2'21	Q4'21	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Current
Credit Rating	snapshot only																				B
Credit Score	63.63	65.41	61.73	52.61	53.98	53.19	49.87	42.46	35.50	31.47	29.93	29.54	29.73	31.16	30.48	27.90	27.99	28.09	28.85	27.99	27.994
Credit Grade	snapshot only																				15
Credit Trend	snapshot only																				0.097
Implied Spread (bps)	snapshot only																				750.000
Industry Credit Rank	snapshot only																				19
Sector Credit Rank	snapshot only																				19

0008.HK HKSE

Financial Rating

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Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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