Loading verified market, valuation, and statement data.
2. Company Fundamentals
2.1 Competitiveness
| Metric |
Value |
| Free Float |
0.00B |
| Short Int % Utilisation |
0.96% |
2.2 Growth
| Metric |
Value |
| EV/EBITDA |
6.05 |
2.3 Management
| Role |
Metric |
| Consensus Rating |
N/A |
2.4 Return
DuPont Model Analysis
The DuPont model decomposes return on equity (ROE) into three operating and capital-structure drivers:
ROE = Net Margin × Asset Turnover × Equity Multiplier
The comparison uses the latest two comparable annual periods available for the issuer, with reported statement amounts shown in US$. Revenue and net income are income-statement flows; total assets and shareholders’ equity are year-end balance-sheet figures. This is a simplified year-end-balance DuPont comparison rather than an average-balance ROE calculation.
| DuPont component |
Calculation |
FY2025 |
FY2024 |
| Revenue |
Reported revenue |
$410.52B |
$424.23B |
| Net income |
Reported net income |
$66.97B |
$89.00B |
| Total assets |
Year-end reported balance |
$1,222.18B |
$1,153.88B |
| Shareholders’ equity |
Year-end reported balance |
$717.42B |
$649.37B |
| Net margin |
Net income ÷ revenue |
16.31% |
20.98% |
| Asset turnover |
Revenue ÷ total assets |
0.3359x |
0.3677x |
| Equity multiplier |
Total assets ÷ shareholders’ equity |
1.7036x |
1.7769x |
| ROE |
Net margin × asset turnover × equity multiplier |
9.33% |
13.70% |
Source: Yahoo Finance annual statements. Values are based on the two latest comparable annual periods returned by the source; fiscal period labels use the statement period-end year.
2.5 FCFF DCF Valuation
FCFF DCF exception: FCFF DCF is not the primary valuation method for financial institutions or REITs. This post deliberately does not publish a mechanical enterprise value or implied per-share value on an unsuitable basis.
| Available valuation input |
Value |
| Last market price |
$503.29 |
| Market capitalisation |
$1,077.40B |
| Revenue |
$410.52B |
| EBIT |
$87.53B |
| Reported free cash flow |
$25.04B |
| FCF yield |
2.32% |
| Net debt / EBITDA |
NM |
2.6 Investor-Style Research Screen
| Educational screen |
Result |
| Buffett-inspired cash-quality checks |
not rated — FCFF DCF suitability or data-integrity condition not met |
| Lynch-inspired balance-and-growth checks |
not rated — FCFF DCF suitability or data-integrity condition not met |
Data lineage: Yahoo Finance public market and reported-statement data; retrieval timestamp: 2026-08-18 17:25:08.620328 UTC; latest reported fiscal period: 2025-12-31 00:00:00. Financial institutions and REITs require sector-specific methods rather than a mechanical FCFF DCF. This is research and analysis only, not personalized financial advice.
2.7 Quantitative Factor Diagnostics
Model basis: Daily issuer USD excess returns are regressed in-sample using ordinary least squares on matching regional Fama–French factors. FF3 estimates market, size, and value loadings; FF5 adds profitability and investment. Coefficients are descriptive historical exposures, not predictions.
| Estimation input |
Value |
| Regional factor set |
US |
| Factor-return currency |
USD |
| Issuer-return basis |
USD adjusted total return |
| Estimation window |
2025-08-19 to 2026-06-30 |
| Aligned daily observations |
217 |
| Minimum observation requirement |
120 |
| Currency conversion for HK listings |
not required |
Fama–French Three-Factor and Five-Factor Results
| Diagnostic |
FF3 |
FF5 |
| Annualised alpha |
-7.19% |
2.53% |
| Adjusted R² |
0.07 |
0.15 |
| Annualised residual volatility |
13.84% |
13.13% |
| Factor loading (t-statistic) |
FF3 |
FF5 |
| Market excess return (Mkt-RF) |
0.19 (2.28) |
0.40 (4.46) |
| Size (SMB) |
-0.09 (-0.79) |
-0.07 (-0.58) |
| Value (HML) |
0.40 (4.19) |
0.20 (1.80) |
| Profitability (RMW) |
NM |
0.38 (4.05) |
| Investment (CMA) |
NM |
0.28 (1.74) |
Definitions: Mkt-RF is the market return less the risk-free rate; SMB is small minus big; HML is high minus low book-to-market; RMW is robust minus weak profitability; CMA is conservative minus aggressive investment. Factor returns are sourced from the Kenneth R. French Data Library; issuer adjusted-return history is sourced from Yahoo Finance. For Hong Kong listings, adjusted HKD prices are converted into USD with daily USD/HKD closes before return calculation to match the USD regional factor basis. This is an in-sample historical regression; coefficients and t-statistics do not establish causation or predict future returns. This is research and analysis only, not personalized financial advice.