HK$0.56 ($0.07)

-0.01 (-0.88%)

Weekly Expected Move ±3.0%

HK$1 HK$1 HK$1 HK$1 HK$1

HKSE · Consumer Cyclical · Apparel - Manufacturers · Tech Score Strong Sell · Power 40 · HK$712.5M mcap · 412M float · 0.280% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers

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 06, 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. 1425.HK receives an overall rating of A+. Strongest factors: DCF (5/5), ROE (4/5), ROA (5/5), P/E (4/5), P/B (4/5). Areas of concern: D/E (2/5).

Rating Change History

Date	From	To
2026-10-02	S-	A+
2026-09-07	S	S-
2026-08-19	S-	S
2026-08-10	S	S-
2026-07-02	S-	S
2026-04-30	A+	S-
2026-04-08	None	ADDED
2026-04-07	EXISTED	None
2026-04-01	S-	A+

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.

★ ★ ★ ★ ★ 57 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

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. 1425.HK scores highest in Safety (100/100) and lowest in Growth (34/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

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

Altman Z-Score

5.96

Safe Zone

Piotroski F-Score

4/9

✓ ✓ ✗ ✗ ✗ ✓ ✓ ✗ ✗

Beneish M-Score

-1.74

Possible Manipulator

Ohlson O-Score

-11.61

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA+

Score: 93.4/100

Trend: Stable

Earnings Quality

75/100

OCF/NI: 0.86x

Accruals: 3.9%

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. 1425.HK scores 5.96, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. 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. 1425.HK scores 4/9, 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. 1425.HK's score of -1.74 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. 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. 1425.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. 1425.HK receives an estimated rating of AA+ (score: 93.4/100), 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). 1425.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

4.15x

PEG

0.25x

P/S

0.62x

P/B

0.73x

P/FCF

3.45x

P/OCF

2.75x

EV/EBITDA

0.61x

EV/Revenue

0.12x

EV/EBIT

0.66x

EV/FCF

1.18x

Earnings Yield

42.18%

FCF Yield

28.98%

Shareholder Yield

18.81%

Graham Number

$2.14

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 4.1x earnings, 1425.HK trades at a deep value multiple. An earnings yield of 42.2% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $2.14 per share, suggesting a potential 276% margin of safety at 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

0.825

NI / EBT

Interest Burden

0.980

EBT / EBIT

EBIT Margin

0.186

EBIT / Rev

Asset Turnover

1.873

Rev / Assets

Equity Multiplier

1.387

Assets / Equity

ROE

39.0%

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. 1425.HK's ROE of 39.0% is driven by Asset Turnover (1.873), 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

15.00%

Fair P/E

38.50x

Intrinsic Value

$10.07

Price/Value

0.06x

Margin of Safety

93.84%

Premium

-93.84%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with 1425.HK's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. 1425.HK actually compounded EPS at 66.6% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. At an intrinsic value of $10.07, 1425.HK appears undervalued with a 94% margin of safety. The adjusted fair P/E of 38.5x compares to the current market P/E of 4.1x.

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 1659 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$0.57

Median 1Y

$0.57

5th Pctile

$0.27

95th Pctile

$1.21

Ann. Volatility

48.2%

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	Q4'19	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	12.9%	22.9%	36.2%	44.9%	62.9%	68.1%	65.0%	65.0%	55.7%	60.3%	47.9%	46.6%	40.6%	39.0%	39.01%
ROA	7.1%	12.9%	25.3%	24.5%	38.8%	36.9%	47.2%	41.3%	40.2%	36.5%	36.8%	33.0%	32.6%	28.1%	28.13%
ROIC	20.9%	43.5%	81.6%	82.0%	94.8%	1.6%	1.6%	1.2%	2.1%	1.7%	1.4%	1.3%	1.1%	68.2%	68.18%
ROCE	22.9%	35.2%	50.5%	59.9%	59.8%	70.1%	70.8%	69.6%	66.9%	68.1%	51.5%	51.7%	43.9%	40.3%	40.28%
Gross Margin	31.3%	28.5%	28.1%	24.1%	27.2%	25.6%	33.7%	27.4%	34.0%	28.0%	31.3%	26.3%	32.7%	27.6%	27.62%
Operating Margin	18.9%	14.3%	17.1%	9.8%	19.0%	14.4%	26.7%	13.6%	24.2%	13.2%	21.9%	9.3%	21.5%	10.5%	10.51%
Net Margin	9.7%	11.1%	12.9%	8.8%	15.4%	7.2%	18.6%	11.1%	18.0%	11.1%	18.7%	8.4%	18.5%	8.3%	8.25%
EBITDA Margin	19.9%	17.2%	18.4%	11.8%	20.2%	16.2%	27.9%	16.2%	25.6%	18.2%	22.9%	11.4%	25.4%	13.3%	13.29%
FCF Margin	12.4%	19.6%	18.1%	13.8%	12.8%	12.9%	12.9%	12.6%	21.1%	16.5%	18.1%	20.1%	14.4%	10.3%	10.31%
OCF Margin	14.3%	21.5%	19.3%	14.8%	13.6%	13.6%	13.6%	13.3%	21.8%	17.4%	19.5%	21.7%	16.5%	12.9%	12.95%
ROE 3Y Avg	snapshot only														46.75%
ROA 3Y Avg	snapshot only														29.75%
ROIC Economic	snapshot only														30.28%
Cash ROA	snapshot only														22.16%
Cash ROIC	snapshot only														60.81%
CROIC	snapshot only														48.45%
NOPAT Margin	snapshot only														14.52%
Pretax Margin	snapshot only														18.20%
R&D / Revenue	snapshot only														0.00%
SGA / Revenue	snapshot only														12.68%
SBC / Revenue	snapshot only														0.00%

Valuation

Metric	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	6.13	4.51	2.23	2.63	1.62	1.94	1.84	2.22	1.82	1.97	2.30	2.57	2.34	2.37	4.148
P/S Ratio	0.60	0.46	0.26	0.29	0.21	0.23	0.25	0.31	0.27	0.31	0.36	0.40	0.36	0.36	0.624
P/B Ratio	0.79	1.03	0.81	1.18	0.81	1.08	0.99	1.16	0.87	1.00	0.96	1.09	0.84	0.80	0.726
P/FCF	4.81	2.36	1.41	2.08	1.64	1.79	1.97	2.49	1.29	1.91	2.02	1.96	2.53	3.45	3.451
P/OCF	4.17	2.15	1.33	1.93	1.55	1.70	1.87	2.36	1.24	1.80	1.87	1.82	2.20	2.75	2.749
EV/EBITDA	2.82	1.77	0.57	1.13	0.50	0.54	0.46	0.82	0.19	0.44	0.46	0.73	0.34	0.61	0.607
EV/Revenue	0.56	0.33	0.11	0.19	0.09	0.09	0.09	0.17	0.04	0.10	0.10	0.15	0.07	0.12	0.122
EV/EBIT	2.98	1.95	0.62	1.24	0.55	0.59	0.49	0.88	0.20	0.47	0.50	0.79	0.37	0.66	0.656
EV/FCF	4.53	1.70	0.58	1.40	0.70	0.74	0.73	1.38	0.21	0.63	0.56	0.77	0.50	1.18	1.182
Earnings Yield	16.3%	22.2%	44.8%	38.0%	61.8%	51.6%	54.3%	45.1%	54.9%	50.7%	43.4%	39.0%	42.8%	42.2%	42.18%
FCF Yield	20.8%	42.4%	70.8%	48.2%	61.1%	55.8%	50.7%	40.2%	77.8%	52.5%	49.6%	50.9%	39.5%	29.0%	28.98%
PEG Ratio	snapshot only														0.249
Price/Tangible Book	snapshot only														0.796
EV/OCF	snapshot only														0.941
EV/Gross Profit	snapshot only														0.403
Acquirers Multiple	snapshot only														0.693
Shareholder Yield	snapshot only														18.81%
Graham Number	snapshot only														$2.14

Leverage & Solvency

Metric	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	1.61	1.62	2.58	1.74	2.49	1.80	3.63	3.07	3.77	2.58	4.24	3.05	5.52	3.81	3.812
Quick Ratio	1.10	0.97	1.87	1.06	1.87	1.26	3.15	2.09	3.35	1.92	3.57	2.22	4.68	2.80	2.795
Debt/Equity	0.37	0.08	0.01	0.22	0.07	0.05	0.01	0.01	0.02	0.03	0.04	0.08	0.03	0.12	0.117
Net Debt/Equity	-0.05	-0.29	-0.47	-0.38	-0.47	-0.64	-0.63	-0.51	-0.73	-0.67	-0.69	-0.66	-0.68	-0.52	-0.524
Debt/Assets	0.21	0.04	0.01	0.12	0.05	0.02	0.01	0.01	0.02	0.02	0.03	0.06	0.03	0.09	0.090
Debt/EBITDA	1.41	0.18	0.01	0.31	0.10	0.06	0.02	0.01	0.03	0.04	0.06	0.14	0.07	0.26	0.261
Net Debt/EBITDA	-0.17	-0.68	-0.81	-0.54	-0.67	-0.78	-0.78	-0.66	-0.99	-0.89	-1.20	-1.14	-1.39	-1.16	-1.165
Interest Coverage	—	34.41	41.33	37.51	32.54	35.27	27.58	23.44	16.73	14.61	11.85	10.86	11.29	11.33	11.325
Equity Multiplier	1.80	1.78	1.43	1.83	1.51	1.88	1.34	1.42	1.30	1.50	1.27	1.41	1.21	1.31	1.307
Cash Ratio	snapshot only														2.326
Debt Service Coverage	snapshot only														12.251
Cash to Debt	snapshot only														5.468
FCF to Debt	snapshot only														1.969
Defensive Interval	snapshot only														991.0 days

Efficiency & Turnover

Metric	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	0.74	1.26	2.21	2.26	3.00	3.09	3.43	2.92	2.70	2.29	2.32	2.14	2.10	1.87	1.873
Inventory Turnover	2.51	3.46	8.73	5.82	11.37	9.44	18.28	7.81	14.05	7.18	13.80	6.29	13.79	6.22	6.216
Receivables Turnover	6.91	13.80	62.22	179.47	41.59	53.38	36.55	124.88	68.82	41.40	28.43	50.32	49.10	31.29	31.291
Payables Turnover	7.19	5.68	18.81	10.01	22.34	13.97	42.99	15.13	22.26	11.82	26.77	15.36	25.91	16.48	16.477
DSO	53	26	6	2	9	7	10	3	5	9	13	7	7	12	11.7 days
DIO	146	106	42	63	32	39	20	47	26	51	26	58	26	59	58.7 days
DPO	51	64	19	36	16	26	8	24	16	31	14	24	14	22	22.2 days
Cash Conversion Cycle	148	68	28	28	25	19	21	26	15	29	26	41	20	48	48.2 days
Fixed Asset Turnover	snapshot only														9.084
Operating Cycle	snapshot only														70.4 days
Cash Velocity	snapshot only														3.492
Capital Intensity	snapshot only														0.584

Growth (YoY)

Metric	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	—	—	—	—	3.9%	2.3%	88.3%	46.9%	14.5%	-0.1%	-9.2%	-9.3%	-7.2%	-2.9%	-2.95%
Net Income	—	—	—	—	5.5%	2.8%	1.3%	90.8%	31.8%	33.1%	4.5%	-1.0%	-3.1%	-8.3%	-8.34%
EPS	—	—	—	—	4.2%	2.8%	1.3%	90.8%	31.8%	33.1%	4.5%	-1.0%	-3.1%	-8.3%	-8.34%
FCF	—	—	—	—	4.0%	1.1%	33.7%	34.1%	88.7%	27.4%	27.6%	45.4%	-36.9%	-39.2%	-39.19%
EBITDA	—	—	—	—	3.4%	2.0%	1.1%	81.6%	47.7%	34.4%	-3.1%	-9.7%	-15.0%	-17.2%	-17.22%
Op. Income	—	—	—	—	3.2%	2.1%	1.1%	86.5%	50.8%	33.4%	-6.0%	-12.1%	-21.3%	-20.3%	-20.35%
OCF Growth	snapshot only														-27.77%
Asset Growth	snapshot only														20.89%
Equity Growth	snapshot only														38.46%
Debt Growth	snapshot only														3.90%
Shares Change	snapshot only														0.00%
Dividend Growth	snapshot only														13.23%

Growth (CAGR)

Metric	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	—	—	—	—	—	—	—	—	—	—	—	—	73.0%	46.8%	46.78%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	87.8%	66.6%	66.62%
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.0%	66.6%	66.62%
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	76.2%	50.0%	50.01%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	71.2%	46.9%	46.88%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	70.7%	48.2%	48.24%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	81.7%	18.5%	18.49%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	81.7%	24.0%	23.98%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	25.6%	32.4%	32.44%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	43.7%	46.7%	46.71%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	33.3%	46.7%	46.71%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-3.3%	4.2%	4.23%

Growth Quality

Metric	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	—	—	—	—	—	—	—	—	0.86	0.75	0.58	0.47	0.65	0.56	0.564
Earnings Stability	—	—	—	—	—	—	—	—	0.94	0.95	0.81	0.73	0.77	0.74	0.740
Margin Stability	—	—	—	—	—	—	—	—	0.92	0.91	0.96	0.95	0.93	0.93	0.926
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	0.00	0.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	—	0.87	0.87	0.98	1.00	0.99	0.97	0.967
Earnings Smoothness	—	—	—	—	0.00	0.00	0.23	0.38	0.73	0.72	0.96	0.99	0.97	0.91	0.913
ROE Trend	—	—	—	—	—	—	—	—	0.16	0.11	-0.03	-0.06	-0.13	-0.20	-0.197
Gross Margin Trend	—	—	—	—	—	—	—	—	0.02	0.03	0.02	0.02	0.01	0.01	0.011
FCF Margin Trend	—	—	—	—	—	—	—	—	0.09	0.00	0.03	0.07	-0.03	-0.04	-0.044
Sustainable Growth Rate	8.1%	18.1%	25.4%	22.6%	45.4%	49.4%	41.7%	50.9%	35.1%	38.6%	31.9%	28.5%	23.0%	21.6%	21.61%
Internal Growth Rate	4.7%	11.3%	21.6%	14.1%	38.9%	36.6%	43.4%	47.7%	33.9%	30.4%	32.4%	25.3%	22.7%	18.5%	18.46%

Cash Flow Quality

Metric	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	1.47	2.09	1.69	1.36	1.05	1.14	0.99	0.94	1.46	1.09	1.23	1.41	1.06	0.86	0.862
FCF/OCF	0.87	0.91	0.94	0.93	0.94	0.95	0.95	0.95	0.97	0.95	0.93	0.93	0.87	0.80	0.797
FCF/Net Income	snapshot only														0.687
OCF/EBITDA	snapshot only														0.644
CapEx/Revenue	1.9%	1.9%	1.2%	1.1%	0.8%	0.7%	0.7%	0.7%	0.7%	0.9%	1.4%	1.6%	2.2%	2.6%	2.63%
CapEx/Depreciation	snapshot only														1.733
Accruals Ratio	-0.03	-0.14	-0.17	-0.09	-0.02	-0.05	0.01	0.02	-0.19	-0.03	-0.08	-0.14	-0.02	0.04	0.039
Sloan Accruals	snapshot only														0.171
Cash Flow Adequacy	snapshot only														1.388
Earnings Quality Score	snapshot only														0.750

Dividends & Buybacks

Metric	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	6.0%	4.7%	13.3%	18.9%	17.2%	14.1%	19.5%	9.8%	20.3%	18.3%	14.5%	15.2%	18.5%	18.8%	8.50%
Dividend/Share	$0.02	$0.01	$0.03	$0.07	$0.06	$0.06	$0.10	$0.06	$0.10	$0.10	$0.09	$0.10	$0.12	$0.12	$0.05
Payout Ratio	36.9%	21.2%	29.7%	49.7%	27.8%	27.4%	35.9%	21.7%	37.0%	36.1%	33.4%	38.9%	43.2%	44.6%	44.59%
FCF Payout Ratio	28.9%	11.1%	18.8%	39.3%	28.1%	25.4%	38.4%	24.4%	26.1%	34.9%	29.3%	29.8%	46.9%	64.9%	64.91%
Total Payout Ratio	36.9%	21.2%	31.6%	51.2%	28.8%	28.4%	35.9%	21.7%	37.0%	36.1%	33.4%	38.9%	43.2%	44.6%	44.59%
Div. Increase Streak	0	0	0	0	1	1	1	0	1	1	0	0	1	1	1
Chowder Number	—	—	—	—	4.07	4.04	1.92	-0.07	0.95	0.93	0.12	0.92	0.32	0.32	0.320
Buyback Yield	0.0%	0.0%	0.8%	0.6%	0.6%	0.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	0.0%	0.0%	-1.0%	-0.7%	-0.8%	-0.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Shareholder Return	6.0%	4.7%	12.3%	18.2%	16.4%	13.5%	19.5%	9.8%	20.3%	18.3%	14.5%	15.2%	18.5%	18.8%	18.81%

DuPont Factors

Metric	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)	0.77	0.80	0.78	0.78	0.80	0.79	0.80	0.80	0.80	0.80	0.82	0.83	0.82	0.83	0.825
Interest Burden (EBT/EBIT)	0.67	0.75	0.86	0.90	1.00	0.94	0.90	0.90	0.87	0.90	0.96	0.95	0.97	0.98	0.980
EBIT Margin	0.19	0.17	0.17	0.15	0.16	0.16	0.19	0.20	0.21	0.22	0.20	0.20	0.20	0.19	0.186
Asset Turnover	0.74	1.26	2.21	2.26	3.00	3.09	3.43	2.92	2.70	2.29	2.32	2.14	2.10	1.87	1.873
Equity Multiplier	1.80	1.78	1.43	1.83	1.62	1.84	1.38	1.57	1.39	1.65	1.30	1.41	1.25	1.39	1.387

Per Share

Metric	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)	$0.04	$0.06	$0.12	$0.14	$0.21	$0.21	$0.26	$0.27	$0.28	$0.29	$0.28	$0.27	$0.27	$0.26	$0.26
Book Value/Share	$0.32	$0.25	$0.32	$0.32	$0.42	$0.38	$0.49	$0.52	$0.58	$0.56	$0.66	$0.63	$0.75	$0.78	$0.78
Tangible Book/Share	$0.32	$0.25	$0.32	$0.32	$0.42	$0.38	$0.49	$0.52	$0.58	$0.56	$0.66	$0.63	$0.75	$0.78	$0.78
Revenue/Share	$0.42	$0.55	$1.02	$1.31	$1.63	$1.80	$1.92	$1.92	$1.87	$1.79	$1.75	$1.74	$1.73	$1.74	$0.91
FCF/Share	$0.05	$0.11	$0.19	$0.18	$0.21	$0.23	$0.25	$0.24	$0.39	$0.30	$0.32	$0.35	$0.25	$0.18	$0.04
OCF/Share	$0.06	$0.12	$0.20	$0.19	$0.22	$0.24	$0.26	$0.26	$0.41	$0.31	$0.34	$0.38	$0.29	$0.23	$0.07
Cash/Share	$0.13	$0.09	$0.16	$0.19	$0.23	$0.26	$0.32	$0.27	$0.44	$0.40	$0.48	$0.47	$0.53	$0.50	$0.50
EBITDA/Share	$0.08	$0.10	$0.19	$0.22	$0.29	$0.31	$0.39	$0.41	$0.43	$0.42	$0.38	$0.37	$0.36	$0.35	$0.35
Debt/Share	$0.12	$0.02	$0.00	$0.07	$0.03	$0.02	$0.01	$0.01	$0.01	$0.02	$0.02	$0.05	$0.02	$0.09	$0.09
Net Debt/Share	$-0.01	$-0.07	$-0.15	$-0.12	$-0.20	$-0.25	$-0.31	$-0.27	$-0.43	$-0.38	$-0.46	$-0.42	$-0.51	$-0.41	$-0.41

Academic Models

Metric	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5.958
Altman Z-Prime	snapshot only														10.901
Piotroski F-Score	4	4	4	4	7	8	7	8	9	8	5	4	5	4	4
Beneish M-Score	—	—	—	—	-2.10	-2.11	-2.20	-2.41	-3.32	-2.58	-2.86	-2.34	-1.32	-1.74	-1.739
Ohlson O-Score	snapshot only														-11.610
ROIC (Greenblatt)	snapshot only														40.71%
Net-Net WC	snapshot only														$0.58
EVA	snapshot only														$269720770.79

Credit

Metric	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														AA+
Credit Score	75.25	93.57	97.04	95.14	96.71	96.76	96.94	96.70	95.33	93.64	93.75	94.34	93.90	93.39	93.390
Credit Grade	snapshot only														2
Credit Trend	snapshot only														-0.250
Implied Spread (bps)	snapshot only														65.000
Industry Credit Rank	snapshot only														88
Sector Credit Rank	snapshot only														91

1425.HK HKSE

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

Sign in to InsiderStreet