No target price is issued: the company falls outside the profile this method looks for.
Financial comments4
EBITDA at or below zero: debt scored on net debt / market cap.
Stagnation: 3-year earnings CAGR at or below zero. It is scored, not cut: the penalty is charged by the Impairment modifier, where it is continuous and capped.
ROIC below the required return: growth destroys value.
Impairment of earnings: 46 % of the window, weighted by recency → 5.5 points. It is the only place in the model where a bad year subtracts.
Calculation comments3
An anomalous year is out of the estimators; it still counts in the counters and hard cuts.
The derivado consensus candidate was rejected (base_reconstruida) and is not used.
FCF, capex and net debt do not mean the same thing at a bank or an insurer: the score is issued, but read it with reservations.
Quality factors
Each factor scores 0–100 on its own scale; the score is their weighted average.
Score
Weight → points
Growth consistency11
Earnings · fit to the log-linear line · σ_resid = 0.19722 %14
Earnings · hit rate · 0 %16 %0
Earnings · volatility · n/a11 %—
Revenue · fit to the log-linear line · σ_resid = 0.05714 %0
Short effective sample (N_eff = 2.9 < 4): the fit subcomponent is shrunk towards neutral.
·20 → 2,19
Growth pace43
Realized · -28.2 %50 %0
Expected · 26.8 %50 %87
·20 → 8,66
No recent stagnation69
Realized slowdown · 1.00×50 %40
Expected slowdown · -0.95×50 %99
3-year earnings CAGR at or below zero (-28.2 %): the engine has slowed. It is scored on the acceleration scale, not cut — a binary cut turned a continuous fact into a cliff, and fired on 36 % of the universe.
Stagnation: 3-year earnings CAGR at or below zero. It is scored, not cut: the penalty is charged by the Impairment modifier, where it is continuous and capped.
·15 → 10,40
FCF quality57
FCF / net income conversion · 0.87×100 %57
Window chosen: last 5 years (the best of those evaluated).
Anomalous financial year(s) in earnings (2023, 2025): out of this component's estimators; they still count in the counters and hard cuts.
Positive FCF in 5 of the 5 years in the window.
An anomalous year is out of the estimators; it still counts in the counters and hard cuts.
·15 → 8,48
Debt6
EBITDA at or below zero, or no ratio available: debt is scored on net debt / market cap.
EBITDA at or below zero: debt scored on net debt / market cap.
·15 → 0,94
Return on invested capital (ROIC)8
Level (recency-weighted mean) · 6.3 %50 %5
Spread over the required return · −0.0 pp over the 10 % required30 %13
Trend · window too short20 %—
Anomalous financial year(s) in earnings or invested capital (2023, 2025): out of this component's estimators; they still count in the counters and hard cuts.
Average ROIC (6.3 %) below the required return (10 %): growth destroys value.
An anomalous year is out of the estimators; it still counts in the counters and hard cuts.
ROIC below the required return: growth destroys value.
·15 → 1,25
Weighted base
·100 → 31,92
Modifiers and penalties
The factors build the score; the modifiers correct it, within +23 / −28. Same 0–100 bar, 100 is always good.
Score
Range
Points
Gross margin trend · −5.1 pp accumulated over 4 years0
