No target price is issued: the company falls outside the profile this method looks for.
Financial comments5
Fewer than 3 years of positive earnings in the window.
Small base / growth not extrapolable (CAGR above 40 %).
EBITDA at or below zero: debt scored on net debt / market cap.
Impairment of earnings: 85 % of the window, weighted by recency → 10.2 points. It is the only place in the model where a bad year subtracts.
Altman Z'' in the distress zone for the last TWO financial years: no price is issued on a fact like that, however well the company has compounded.
Calculation comments5
An anomalous year is out of the estimators; it still counts in the counters and hard cuts.
The publicado consensus candidate was rejected (sin_tramo) and is not used.
The derivado consensus candidate was rejected (sin_tramo) and is not used.
No consensus candidate passed the plausibility contract: rather than guess which of the provider's two rows is broken, nothing is written and the cascade drops a rung.
3 anomalous financial years in share count within the window: this is not one bad year, it is an erratic track record. The factor does not score and its weight is redistributed.
Quality factors
Each factor scores 0–100 on its own scale; the score is their weighted average.
Score
Weight → points
Growth consistency1
Earnings · fit to the log-linear line · n/a22 %—
Earnings · hit rate · 0 %16 %0
Earnings · volatility · n/a11 %—
Revenue · fit to the log-linear line · σ_resid = 0.30714 %1
Short effective sample (N_eff = 3.9 < 4): the fit subcomponent is shrunk towards neutral.
·20 → 0,27
Growth pace96
Realized · —50 %100
Expected · 63.8 %50 %92
Only 1 year(s) with positive earnings in the window: growth pace scores 0.
4 anomalous financial years in earnings within the window: this is not one bad year, it is an erratic track record. The factor does not score and its weight is redistributed.
Fewer than 3 years of positive earnings in the window.
Small base / growth not extrapolable (CAGR above 40 %).
More anomalous years than the model can exclude. It no longer annuls the factor: if enough valid years remain it is measured with them, and the irregularity is charged by the Impairment modifier.
·20 → 19,22
No recent stagnation59
Realized slowdown · n/a50 %90
Expected slowdown · n/a50 %29
4 anomalous financial years in earnings within the window: this is not one bad year, it is an erratic track record. The factor does not score and its weight is redistributed.
More anomalous years than the model can exclude. It no longer annuls the factor: if enough valid years remain it is measured with them, and the irregularity is charged by the Impairment modifier.
·15 → 8,91
FCF quality—
FCF / net income conversion · n/a100 %—
4 anomalous financial years in earnings within the window: this is not one bad year, it is an erratic track record. The factor does not score and its weight is redistributed.
Positive FCF in 0 of the 5 years in the window.
More anomalous years than the model can exclude. It no longer annuls the factor: if enough valid years remain it is measured with them, and the irregularity is charged by the Impairment modifier.
·15 → —
Debt0
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 → 0,00
Return on invested capital (ROIC)—
5 anomalous financial years in earnings or invested capital within the window: this is not one bad year, it is an erratic track record. The factor does not score and its weight is redistributed.
Anomalous financial year(s) in earnings or invested capital (2021, 2022, 2023, 2024, 2025): out of this component's estimators; they still count in the counters and hard cuts.
Only 0 valid financial year(s) left (minimum 3): Return on invested capital (ROIC) does not score and its weight is redistributed.
More anomalous years than the model can exclude. It no longer annuls the factor: if enough valid years remain it is measured with them, and the irregularity is charged by the Impairment modifier.
An anomalous year is out of the estimators; it still counts in the counters and hard cuts.
·15 → —
Weighted base
·100 → 40,58
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 · +16.9 pp accumulated over 4 years100
±8
+8,0
Altman Z'' · Z'' = -15.050
0/−15
-15,0
Shareholder returns · shareholder yield 0.0 %0
Effective buyback (net share count) · ——
Dividend yield (last DPS / price today) · 0.0 %0
+15/−5
0,0
Impairment · 85 % · worst magnitude: earnings15
Earnings · 85.1 %15
Free cash flow · not measurable (non-positive normal level)—
EBITDA · not measurable (non-positive normal level)—
