Also trades as: TCEHY (OTC) · $vol 200M · 80700.HK (HKSE) · $vol 1M · TCTZF (OTC) · $vol 1M · NNND.F (FSX) · $vol 0M · NNND.VI (VIE) · $vol 0M · NNN1.VI (VIE) · $vol 0M

HK$421.20 ($53.68)

-9.80 (-2.27%)

Weekly Expected Move ±4.2%

HK$385 HK$403 HK$421 HK$439 HK$457

HKSE · Communication Services · Internet Content & Information · Tech Score Sell · Power 43 · HK$3.80T mcap · 6.23B float · 0.464% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Analyst Recommendations

Strong Buy: 0Buy: 1Hold: 1Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$—

Analysts0

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.

A-

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. 0700.HK receives an overall rating of A-. Strongest factors: ROE (5/5), ROA (5/5). Areas of concern: D/E (2/5), P/B (2/5).

Rating Change History

Date	From	To
2026-10-02	B+	A-
2026-07-02	A-	B+
2026-06-22	B+	A-
2026-06-04	A-	B+
2026-05-22	B+	A-
2026-05-04	B	B+
2026-04-28	B+	B
2026-04-27	B	B+
2026-04-20	B+	B
2026-04-08	None	ADDED

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.

★ ★ ★ ★ ★ — Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

—

Momentum

Safety

—

Cash Flow

Risk & Quality Signals

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

Altman Z-Score

—

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✗ ✗ ✓ ✓ ✓

Beneish M-Score

-2.57

Unlikely Manipulator

Ohlson O-Score

-11.16

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 73.8/100

Trend: Improving

Earnings Quality

100/100

OCF/NI: 1.30x

Accruals: -3.3%

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. 0700.HK scores 7/9, signaling strong financial health across all three dimensions. 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. 0700.HK's score of -2.57 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. 0700.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. 0700.HK receives an estimated rating of A (score: 73.8/100), with a improving 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). 0700.HK's score of 100/100 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

13.91x

PEG

1.01x

P/S

4.12x

P/B

2.86x

P/FCF

—

P/OCF

—

EV/EBITDA

—

EV/Revenue

—

EV/EBIT

—

EV/FCF

—

Earnings Yield

—

FCF Yield

—

Shareholder Yield

—

Graham Number

$263.26

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. At 13.9x earnings, 0700.HK trades at a reasonable valuation. Graham's intrinsic value formula yields $263.26 per share, 60% below the current price.

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

0.806

NI / EBT

Interest Burden

1.050

EBT / EBIT

EBIT Margin

0.345

EBIT / Rev

Asset Turnover

0.381

Rev / Assets

Equity Multiplier

1.874

Assets / Equity

ROE

20.9%

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. 0700.HK's ROE of 20.9% is driven by Asset Turnover (0.381), indicating efficient use of assets to generate revenue.

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

7.93%

Fair P/E

24.37x

Intrinsic Value

$605.02

Price/Value

—

Margin of Safety

—

Premium

—

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with 0700.HK's realized 7.9% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. 0700.HK trades at a premium to its adjusted intrinsic value of $605.02, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 24.4x compares to the current market P/E of 13.9x.

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

$421.20

Median 1Y

$405.22

5th Pctile

$211.57

95th Pctile

$775.11

Ann. Volatility

37.9%

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	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
ROE	27.3%	26.5%	29.8%	26.0%	22.3%	21.9%	24.8%	24.5%	26.2%	25.5%	15.2%	16.1%	18.7%	20.2%	21.8%	21.2%	21.1%	20.6%	20.9%	20.9%	20.87%
ROA	14.1%	13.8%	15.3%	13.7%	11.8%	11.6%	11.9%	12.7%	13.2%	12.9%	7.3%	8.3%	9.5%	10.4%	11.5%	11.2%	11.3%	11.3%	11.4%	11.1%	11.14%
ROIC	21.3%	22.0%	28.9%	27.9%	25.9%	24.5%	12.8%	12.2%	12.5%	12.3%	15.0%	16.5%	17.5%	17.6%	17.1%	16.3%	15.9%	16.6%	18.6%	18.3%	18.32%
ROCE	17.5%	17.2%	21.2%	19.4%	17.8%	15.7%	10.5%	10.5%	11.9%	13.8%	14.2%	15.0%	15.6%	15.3%	15.0%	14.4%	14.4%	14.6%	16.5%	16.3%	16.32%
Gross Margin	45.4%	44.1%	40.1%	42.1%	43.2%	44.2%	42.7%	45.5%	47.5%	49.5%	50.0%	52.6%	53.3%	53.1%	52.6%	55.8%	56.9%	55.9%	54.6%	57.8%	57.83%
Operating Margin	38.0%	37.3%	76.1%	27.5%	22.4%	36.8%	-5.6%	25.4%	24.3%	31.4%	26.7%	33.0%	31.5%	31.9%	29.9%	32.0%	32.6%	31.0%	33.7%	32.9%	32.95%
Net Margin	30.8%	27.8%	65.9%	17.3%	13.9%	28.5%	73.3%	17.2%	17.5%	23.4%	17.4%	26.3%	29.6%	31.8%	29.8%	26.6%	30.2%	30.0%	29.6%	27.2%	27.24%
EBITDA Margin	35.2%	33.3%	70.9%	22.8%	19.5%	25.8%	25.2%	29.2%	27.6%	32.7%	31.3%	36.5%	38.1%	35.6%	33.6%	37.5%	48.3%	36.7%	48.3%	41.7%	41.69%
FCF Margin	27.4%	25.7%	26.0%	23.1%	24.4%	25.6%	22.3%	27.1%	27.9%	29.5%	33.0%	32.4%	34.6%	33.2%	27.5%	26.2%	24.6%	22.1%	27.7%	20.5%	20.52%
OCF Margin	33.5%	31.4%	31.3%	28.2%	29.1%	29.2%	26.3%	30.7%	30.7%	34.0%	36.4%	37.5%	38.9%	40.2%	39.2%	38.6%	40.2%	37.2%	42.3%	37.9%	37.89%
ROE 3Y Avg	snapshot only																				18.22%
ROE 5Y Avg	snapshot only																				20.98%
ROA 3Y Avg	snapshot only																				9.63%
ROIC 3Y Avg	snapshot only																				17.28%
ROIC Economic	snapshot only																				13.09%
Cash ROA	snapshot only																				13.66%
Cash ROIC	snapshot only																				25.92%
CROIC	snapshot only																				14.04%
NOPAT Margin	snapshot only																				26.78%
Pretax Margin	snapshot only																				36.20%
R&D / Revenue	snapshot only																				9.43%
SGA / Revenue	snapshot only																				23.95%
SBC / Revenue	snapshot only																				3.67%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	13.913
P/S Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.120
P/B Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.858
P/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/Revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBIT	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Earnings Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
PEG Ratio	snapshot only																				1.014
Graham Number	snapshot only																				$263.26

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	1.19	1.28	1.23	1.31	1.38	1.45	1.33	1.53	1.41	1.40	1.50	1.45	1.35	1.29	1.28	1.30	1.25	1.44	1.43	1.29	1.287
Quick Ratio	1.19	1.27	1.23	1.30	1.37	1.44	1.32	1.52	1.40	1.39	1.50	1.45	1.33	1.26	1.27	1.30	1.25	1.44	1.42	1.29	1.286
Debt/Equity	0.34	0.39	0.40	0.44	0.49	0.49	0.50	0.47	0.49	0.49	0.46	0.44	0.42	0.38	0.37	0.39	0.37	0.35	0.36	0.42	0.415
Net Debt/Equity	0.08	0.09	0.07	0.07	0.09	0.10	0.09	0.03	0.03	0.02	-0.01	-0.05	-0.00	-0.01	0.02	0.03	0.03	-0.02	-0.05	0.00	0.002
Debt/Assets	0.19	0.21	0.20	0.23	0.25	0.25	0.23	0.24	0.24	0.24	0.23	0.23	0.22	0.20	0.20	0.21	0.20	0.20	0.20	0.22	0.219
Debt/EBITDA	1.34	1.51	1.26	1.48	1.75	1.89	2.73	2.54	2.39	2.16	2.01	1.88	1.66	1.53	1.51	1.64	1.50	1.42	1.25	1.39	1.388
Net Debt/EBITDA	0.33	0.34	0.23	0.23	0.32	0.38	0.51	0.14	0.17	0.08	-0.03	-0.21	-0.01	-0.04	0.07	0.11	0.12	-0.10	-0.19	0.01	0.006
Interest Coverage	30.93	31.07	32.45	27.11	23.31	21.28	11.36	11.27	11.89	12.76	14.65	14.79	15.65	15.06	16.72	16.98	16.89	17.64	18.92	20.67	20.665
Equity Multiplier	1.79	1.83	2.00	1.92	1.98	1.96	2.19	1.95	1.98	2.01	1.96	1.94	1.93	1.89	1.84	1.84	1.81	1.77	1.82	1.90	1.901
Cash Ratio	snapshot only																				0.911
Debt Service Coverage	snapshot only																				26.193
Cash to Debt	snapshot only																				0.995
FCF to Debt	snapshot only																				0.339
Defensive Interval	snapshot only																				1036.0 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.40	0.40	0.38	0.38	0.37	0.36	0.35	0.38	0.39	0.40	0.39	0.39	0.39	0.39	0.39	0.38	0.38	0.39	0.39	0.38	0.381
Inventory Turnover	290.99	155.59	335.46	181.20	161.89	112.30	187.83	134.94	126.29	138.96	229.36	201.78	93.86	53.47	695.44	424.72	132.44	63.19	653.52	611.30	611.295
Receivables Turnover	11.36	11.53	11.90	10.72	10.80	11.20	11.79	11.59	12.24	12.97	13.34	12.65	12.83	13.62	13.95	13.37	13.60	15.05	14.20	14.83	14.827
Payables Turnover	3.15	3.25	3.09	2.97	3.14	3.19	3.15	2.97	3.14	3.03	3.30	2.88	2.78	2.42	2.84	2.64	2.54	2.48	2.56	2.26	2.258
DSO	32	32	31	34	34	33	31	32	30	28	27	29	28	27	26	27	27	24	26	25	24.6 days
DIO	1	2	1	2	2	3	2	3	3	3	2	2	4	7	1	1	3	6	1	1	0.6 days
DPO	116	112	118	123	116	114	116	123	116	120	111	127	132	151	129	138	144	147	142	162	161.7 days
Cash Conversion Cycle	-83	-78	-86	-87	-80	-79	-83	-89	-84	-90	-82	-96	-99	-117	-102	-110	-114	-117	-116	-136	-136.5 days
Fixed Asset Turnover	snapshot only																				3.480
Operating Cycle	snapshot only																				25.2 days
Cash Velocity	snapshot only																				1.657
Capital Intensity	snapshot only																				2.774

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Revenue	25.1%	21.0%	16.2%	10.0%	4.4%	0.8%	-1.0%	1.6%	5.1%	8.1%	9.8%	8.7%	7.9%	7.4%	8.4%	10.1%	11.7%	13.7%	14.1%	14.3%	14.33%
Net Income	81.0%	54.9%	40.6%	12.2%	-6.2%	-6.5%	-16.3%	-4.9%	12.3%	9.9%	-38.8%	-31.2%	-23.0%	-12.7%	68.4%	52.4%	36.2%	25.5%	13.0%	13.6%	13.62%
EPS	79.6%	54.5%	38.0%	12.1%	-6.0%	-6.5%	-16.4%	-4.6%	12.9%	10.8%	-38.4%	-29.9%	-21.5%	-10.5%	73.3%	56.0%	39.1%	26.5%	15.3%	15.0%	14.96%
FCF	-9.6%	-14.0%	-8.9%	-16.4%	-7.2%	0.4%	-15.4%	19.2%	20.5%	24.8%	62.8%	29.9%	33.7%	20.7%	-9.6%	-10.9%	-20.5%	-24.3%	14.8%	-10.5%	-10.52%
EBITDA	59.4%	42.5%	36.7%	10.3%	-5.0%	-10.5%	-49.3%	-37.8%	-23.7%	-12.0%	41.8%	39.2%	38.8%	32.4%	28.9%	24.1%	25.3%	25.5%	35.8%	37.9%	37.92%
Op. Income	65.2%	51.3%	47.4%	24.3%	6.3%	1.3%	-59.2%	-55.8%	-48.8%	-49.8%	48.2%	60.1%	63.9%	72.6%	26.7%	19.2%	15.2%	15.9%	17.0%	18.9%	18.92%
OCF Growth	snapshot only																				12.11%
Asset Growth	snapshot only																				12.35%
Equity Growth	snapshot only																				8.96%
Debt Growth	snapshot only																				16.38%
Shares Change	snapshot only																				-1.17%
Dividend Growth	snapshot only																				1.88%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	24.1%	23.2%	21.4%	20.0%	17.8%	15.8%	13.7%	12.5%	11.1%	9.7%	8.1%	6.7%	5.8%	5.4%	5.6%	6.7%	8.2%	9.7%	10.8%	11.0%	11.00%
Revenue 5Y	33.7%	31.7%	29.8%	27.0%	23.9%	20.8%	18.5%	16.8%	15.9%	15.3%	14.3%	13.8%	13.2%	12.5%	11.8%	11.2%	10.6%	10.0%	9.3%	8.9%	8.85%
EPS 3Y	32.4%	29.9%	40.8%	33.8%	25.3%	26.8%	25.4%	25.9%	24.0%	17.0%	-10.7%	-9.1%	-5.9%	-2.5%	-3.7%	1.4%	7.2%	7.9%	7.2%	7.9%	7.93%
EPS 5Y	39.7%	37.5%	39.6%	33.5%	26.4%	23.3%	20.7%	18.6%	19.8%	17.8%	7.5%	9.9%	11.7%	15.1%	16.1%	16.9%	15.8%	12.6%	7.3%	6.1%	6.12%
Net Income 3Y	33.0%	30.4%	41.9%	34.4%	25.7%	27.2%	26.4%	26.1%	24.0%	16.8%	-10.3%	-9.8%	-6.7%	-3.5%	-4.8%	-0.1%	5.6%	6.4%	5.2%	6.0%	6.02%
Net Income 5Y	40.4%	38.0%	40.5%	34.0%	26.8%	23.6%	21.4%	18.9%	19.9%	17.9%	7.9%	9.7%	11.4%	14.6%	15.8%	16.1%	14.9%	11.8%	6.5%	4.9%	4.92%
EBITDA 3Y	28.9%	26.9%	37.0%	30.3%	23.5%	20.9%	1.5%	3.8%	4.9%	3.9%	-0.6%	-1.5%	0.2%	1.4%	-2.5%	2.4%	9.9%	13.5%	35.4%	33.6%	33.58%
EBITDA 5Y	36.7%	34.4%	36.5%	30.5%	24.4%	19.9%	7.5%	7.1%	9.2%	10.0%	13.1%	13.9%	14.8%	15.5%	13.8%	14.1%	15.0%	13.3%	11.5%	10.3%	10.33%
Gross Profit 3Y	21.4%	21.3%	20.1%	18.4%	16.3%	14.5%	12.6%	11.5%	10.6%	10.0%	9.8%	10.1%	10.4%	10.8%	12.4%	15.0%	17.8%	19.9%	20.7%	20.6%	20.58%
Gross Profit 5Y	27.2%	25.7%	23.8%	21.3%	18.9%	16.6%	15.4%	14.2%	14.3%	14.9%	15.6%	16.3%	16.7%	16.5%	15.8%	15.2%	14.6%	14.2%	13.7%	13.6%	13.63%
Op. Income 3Y	28.9%	28.6%	40.6%	34.5%	28.1%	28.6%	-2.3%	-2.2%	-3.5%	-8.4%	-3.8%	-4.2%	-3.7%	-4.3%	-8.5%	-5.5%	-1.1%	0.1%	30.0%	31.4%	31.42%
Op. Income 5Y	34.6%	33.6%	37.1%	32.4%	26.8%	23.8%	4.2%	1.9%	3.1%	1.6%	11.0%	11.5%	12.0%	13.0%	11.9%	12.3%	11.2%	9.0%	5.7%	4.5%	4.51%
FCF 3Y	20.7%	21.4%	18.9%	9.9%	10.3%	7.1%	-0.6%	0.9%	0.4%	2.5%	7.9%	9.0%	14.3%	14.8%	7.6%	11.3%	8.6%	4.5%	19.1%	1.2%	1.17%
FCF 5Y	23.7%	20.8%	20.6%	13.5%	13.0%	9.6%	5.6%	13.2%	14.5%	17.5%	18.3%	15.5%	16.6%	13.1%	7.6%	3.5%	1.5%	-0.3%	5.4%	0.6%	0.63%
OCF 3Y	20.3%	18.0%	16.5%	9.9%	10.0%	6.9%	-0.6%	0.0%	-2.5%	1.3%	4.6%	6.8%	11.2%	14.4%	13.8%	18.5%	20.5%	18.9%	29.7%	19.1%	19.10%
OCF 5Y	25.6%	22.1%	21.7%	16.0%	14.1%	10.6%	6.6%	11.7%	11.9%	14.1%	14.9%	14.3%	15.1%	14.3%	11.7%	8.6%	7.9%	6.8%	10.5%	9.1%	9.14%
Assets 3Y	33.0%	31.3%	30.5%	24.2%	21.4%	20.3%	18.4%	14.4%	10.0%	9.0%	5.8%	5.0%	3.0%	3.2%	3.5%	8.7%	11.3%	11.1%	9.4%	12.5%	12.48%
Assets 5Y	28.7%	34.7%	32.4%	28.0%	25.7%	23.7%	22.7%	19.9%	19.0%	17.3%	16.9%	16.1%	15.3%	15.0%	13.7%	13.6%	11.7%	11.4%	9.0%	8.7%	8.68%
Equity 3Y	42.2%	39.6%	35.5%	28.9%	24.0%	23.6%	18.6%	19.4%	13.3%	10.0%	4.7%	3.6%	0.5%	2.2%	6.5%	10.2%	14.8%	14.9%	16.5%	13.4%	13.42%
Book Value 3Y	41.6%	39.0%	34.4%	28.3%	23.6%	23.2%	17.7%	19.2%	13.2%	10.2%	4.2%	4.4%	1.4%	3.3%	7.7%	11.9%	16.5%	16.5%	18.6%	15.5%	15.46%
Dividend 3Y	29.6%	29.7%	5.7%	6.1%	3.3%	3.3%	0.4%	1.0%	10.0%	12.2%	18.5%	19.9%	16.0%	15.1%	-12.0%	-11.6%	-8.7%	-14.9%	7.7%	44.2%	44.19%

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.99	0.99	1.00	0.99	0.98	0.97	0.95	0.95	0.95	0.94	0.92	0.92	0.91	0.91	0.92	0.96	0.98	0.98	0.96	0.94	0.936
Earnings Stability	0.86	0.89	0.89	0.89	0.87	0.89	0.83	0.84	0.86	0.87	0.25	0.34	0.48	0.60	0.13	0.21	0.37	0.51	0.03	0.09	0.092
Margin Stability	0.88	0.89	0.90	0.91	0.92	0.93	0.95	0.95	0.95	0.96	0.96	0.94	0.92	0.92	0.91	0.90	0.89	0.89	0.90	0.89	0.894
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00	1.00	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.000
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	0.50	0.50	0.84	0.95	0.98	0.97	0.93	0.98	0.95	0.96	0.84	0.88	0.91	0.95	0.50	0.50	0.86	0.90	0.95	0.95	0.946
Earnings Smoothness	0.42	0.57	0.66	0.89	0.94	0.93	0.82	0.95	0.88	0.91	0.52	0.63	0.74	0.86	0.49	0.59	0.69	0.77	0.88	0.87	0.873
ROE Trend	0.01	0.01	0.06	0.04	0.03	0.02	0.01	-0.00	0.02	0.03	-0.13	-0.10	-0.07	-0.06	-0.00	-0.01	-0.03	-0.04	0.02	0.03	0.027
Gross Margin Trend	0.00	-0.00	-0.01	-0.02	-0.03	-0.03	-0.02	-0.00	0.01	0.03	0.05	0.07	0.08	0.08	0.07	0.07	0.06	0.06	0.05	0.04	0.045
FCF Margin Trend	-0.06	-0.09	-0.07	-0.11	-0.08	-0.05	-0.07	0.00	0.02	0.04	0.09	0.07	0.08	0.06	-0.00	-0.04	-0.07	-0.09	-0.03	-0.09	-0.088
Sustainable Growth Rate	24.0%	23.3%	26.5%	22.8%	19.1%	18.8%	21.4%	21.2%	21.7%	20.8%	9.4%	10.8%	12.4%	14.0%	18.6%	18.1%	17.3%	17.6%	17.7%	13.3%	13.34%
Internal Growth Rate	14.1%	13.8%	15.7%	13.7%	11.3%	11.0%	11.4%	12.3%	12.3%	11.7%	4.8%	5.9%	6.7%	7.7%	10.9%	10.6%	10.2%	10.7%	10.7%	7.7%	7.66%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	0.95	0.91	0.78	0.79	0.92	0.91	0.78	0.92	0.91	1.05	1.93	1.77	1.61	1.52	1.33	1.32	1.36	1.28	1.46	1.30	1.298
FCF/OCF	0.82	0.82	0.83	0.82	0.84	0.88	0.84	0.88	0.91	0.87	0.91	0.86	0.89	0.83	0.70	0.68	0.61	0.60	0.65	0.54	0.542
FCF/Net Income	snapshot only																				0.703
OCF/EBITDA	snapshot only																				0.867
CapEx/Revenue	6.1%	5.7%	5.2%	5.1%	4.7%	3.6%	4.1%	3.6%	2.8%	4.5%	3.4%	5.1%	4.3%	7.0%	11.6%	12.4%	15.6%	15.0%	14.7%	17.4%	17.37%
CapEx/Depreciation	snapshot only																				2.264
Accruals Ratio	0.01	0.01	0.03	0.03	0.01	0.01	0.03	0.01	0.01	-0.01	-0.07	-0.06	-0.06	-0.05	-0.04	-0.04	-0.04	-0.03	-0.05	-0.03	-0.033
Sloan Accruals	snapshot only																				-0.018
Cash Flow Adequacy	snapshot only																				1.358
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.26%
Dividend/Share	$2.36	$2.36	$2.58	$2.58	$2.63	$2.63	$2.67	$2.68	$3.53	$3.72	$4.54	$4.61	$5.47	$5.63	$3.08	$3.12	$4.06	$3.36	$3.72	$8.96	$4.53
Payout Ratio	12.1%	12.1%	11.1%	12.5%	14.4%	14.4%	13.8%	13.6%	17.1%	18.4%	38.0%	33.3%	33.8%	31.1%	14.9%	14.4%	18.0%	14.7%	15.6%	36.1%	36.09%
FCF Payout Ratio	15.6%	16.2%	17.1%	19.3%	18.8%	18.0%	21.0%	16.8%	20.8%	20.2%	21.8%	21.8%	23.7%	24.7%	15.9%	16.2%	21.6%	19.3%	16.3%	51.3%	51.34%
Total Payout Ratio	14.1%	15.2%	13.8%	16.5%	20.4%	26.1%	30.9%	31.0%	38.1%	41.5%	79.8%	77.3%	86.7%	88.9%	67.6%	66.7%	61.2%	50.6%	45.8%	64.9%	64.93%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.89	0.89	0.91	0.91	0.89	0.89	0.90	0.87	0.85	0.83	0.71	0.73	0.76	0.79	0.80	0.81	0.81	0.80	0.79	0.81	0.806
Interest Burden (EBT/EBIT)	0.97	0.97	0.97	0.96	0.96	1.05	1.76	1.73	1.65	1.45	0.93	0.96	1.01	1.07	1.16	1.14	1.13	1.12	1.05	1.05	1.050
EBIT Margin	0.41	0.40	0.46	0.41	0.37	0.34	0.22	0.22	0.24	0.27	0.29	0.30	0.31	0.31	0.32	0.32	0.32	0.32	0.35	0.34	0.345
Asset Turnover	0.40	0.40	0.38	0.38	0.37	0.36	0.35	0.38	0.39	0.40	0.39	0.39	0.39	0.39	0.39	0.38	0.38	0.39	0.39	0.38	0.381
Equity Multiplier	1.94	1.92	1.95	1.89	1.88	1.89	2.09	1.93	1.98	1.98	2.07	1.94	1.96	1.94	1.89	1.89	1.86	1.82	1.83	1.87	1.874

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$19.41	$19.55	$23.24	$20.69	$18.24	$18.28	$19.42	$19.74	$20.59	$20.26	$11.97	$13.84	$16.17	$18.14	$20.74	$21.60	$22.49	$22.95	$23.90	$24.83	$24.83
Book Value/Share	$87.29	$88.33	$83.18	$80.35	$76.15	$78.63	$73.36	$80.60	$80.60	$79.84	$83.74	$89.49	$91.08	$97.34	$103.99	$112.54	$120.54	$124.38	$122.52	$124.07	$135.43
Tangible Book/Share	$68.96	$69.71	$63.59	$61.89	$55.84	$60.35	$55.15	$63.81	$61.41	$61.56	$63.90	$70.72	$70.81	$78.27	$81.71	$90.08	$94.75	$102.18	$100.90	$99.16	$99.16
Revenue/Share	$54.94	$56.80	$57.89	$57.83	$57.47	$57.22	$57.20	$58.93	$60.70	$62.39	$63.26	$65.22	$66.75	$68.70	$70.56	$73.51	$76.15	$78.78	$82.15	$85.04	$87.17
FCF/Share	$15.07	$14.60	$15.08	$13.36	$14.00	$14.65	$12.73	$15.97	$16.96	$18.44	$20.87	$21.13	$23.11	$22.82	$19.42	$19.27	$18.77	$17.42	$22.74	$17.45	$19.86
OCF/Share	$18.40	$17.86	$18.11	$16.31	$16.72	$16.71	$15.07	$18.08	$18.65	$21.22	$23.05	$24.46	$25.99	$27.61	$27.63	$28.41	$30.64	$29.28	$34.79	$32.22	$33.89
Cash/Share	$22.62	$26.53	$27.32	$29.53	$30.37	$30.53	$29.72	$35.44	$36.29	$37.35	$39.04	$43.93	$38.81	$38.29	$36.50	$40.78	$41.14	$46.74	$50.77	$51.31	$52.03
EBITDA/Share	$22.45	$22.59	$26.45	$23.66	$21.37	$20.20	$13.39	$14.77	$16.38	$17.93	$19.12	$20.94	$23.17	$24.34	$25.36	$26.62	$29.65	$30.81	$35.12	$37.14	$37.14
Debt/Share	$30.03	$34.22	$33.37	$35.02	$37.31	$38.19	$36.52	$37.49	$39.10	$38.74	$38.45	$39.44	$38.56	$37.30	$38.25	$43.77	$44.61	$43.80	$44.06	$51.54	$51.54
Net Debt/Share	$7.42	$7.69	$6.05	$5.49	$6.94	$7.66	$6.80	$2.05	$2.81	$1.39	$-0.60	$-4.48	$-0.25	$-0.99	$1.75	$2.99	$3.47	$-2.95	$-6.71	$0.23	$0.23

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Piotroski F-Score	5	6	5	5	5	5	5	6	8	8	7	7	7	7	8	8	8	9	9	7	7
Beneish M-Score	-2.00	-2.10	-2.06	-2.33	-2.48	-2.63	-2.40	-2.56	-2.34	-2.52	-2.76	-2.69	-2.71	-2.71	-2.55	-2.62	-2.74	-2.56	-3.06	-2.57	-2.571
Ohlson O-Score	snapshot only																				-11.161
ROIC (Greenblatt)	snapshot only																				72.18%
Net-Net WC	snapshot only																				$-29.87
EVA	snapshot only																				$94635126343.65

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				A
Credit Score	75.43	71.89	73.13	73.61	73.55	73.20	69.64	70.13	69.10	68.67	72.23	73.91	74.98	74.45	75.13	71.01	71.69	72.30	75.22	73.76	73.756
Credit Grade	snapshot only																				6
Credit Trend	snapshot only																				2.751
Implied Spread (bps)	snapshot only																				150.000
Industry Credit Rank	snapshot only																				62
Sector Credit Rank	snapshot only																				72

0700.HK HKSE

Analyst Insights

Financial Rating

InsiderStreet Scorecard

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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