HERE // Here Group Limited

DES <GO> NASDAQ RQD COCKPIT → CIK 0001932770 ↗

Consumer Discretionary • Recreational Games/Products/Toys

$1.53 ▲ +0.15 (+10.87%)

MKT CAP: $83.2M • VOL: 32.7K

52W L $1 52W H $7

ROARABLE / RQD

C- • 59/100

PIOTROSKI

4 / 9

HERE // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

PRIOR: RQD 59/100 [C-] (+0 PT) • UNCHANGED AS OF 2026-11-01

ROARABLE C-

RQD CONFIDENCE

59 / 100 +0D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Hold — Cautious Neutral

01 MASSIVE / SEC XBRL

Forensic Fundamentals

9 / 20

WARNING

FCF -34.3% vs NI -5.6% • ROIC-WACC +2.4% • Z 3.2

02 INSTITUTIONAL TAPE & TREND

Whale & Options Flow

13 / 20

SOLID

52W RANGE 87% • VS 200D +14.2% • RSI 84

03 SEC XBRL CAPITAL ALLOCATION

Insider & Capital Conviction

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

04 FRED 90D r-MATRIX

Macro Regime Fit

15 / 20

SOLID

TAILWIND • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00

05 10-K REDLINE AUDIT

Forensic 10-K Risk

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

ALERT

Why did HERE's Insider & Capital Conviction & Forensic 10-K Risk sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever HERE is Upgraded or Downgraded.

HERE // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -57.26%🛡️ HOLDING TREND SUPPORT

2026-10-30O $1.49H $1.53L $1.39C $1.53VOL 18.5K

RES: $1.88SUP: $1.33SMA50: $1.71SMA200: $2.74

HERE // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

UNDERWEIGHT CONVICTION: 35/100

BEAR 0

100 BULL

Here Group Limited (HERE) exhibits 81.5% gross margins and 14.0% return on invested capital within Consumer Discretionary (Recreational Games/Products/Toys), balanced against a 24.0x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 81.5% gross profitability converts into 14.6% operating margin and 14.0% ROIC, outpacing sector cost of capital.

ROIC: 14.0% // GM: 81.5%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of -27.1% paired with 2.80% free cash flow yield supports self-funded R&D and capital return.

REV YOY: -27.1% // FCF YLD: 2.80%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 3.80 and Piotroski F-Score of 4/9 indicate low near-term refinancing stress.

ALTMAN Z: 3.80 // F-SCORE: 4/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 24.0x trailing P/E (— Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 24.0x // EV/EBITDA: —

02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $1.53 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Recreational Games/Products/Toys require continuous execution to defend 13.2% net margins.

NET MARGIN: 13.2% // D/E: 0.45x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs — forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.10).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E —

FORWARD P/E —

EV / EBITDA —

FCF YIELD —

GROSS MARGIN 81.5%

OPERATING MARGIN 14.6%

NET MARGIN 13.2%

ROIC % —

REV GROWTH YOY -27.1%

DILUTED EPS TTM —

DEBT / EQUITY —

DIVIDEND YIELD 0.00%

RSI-14 MOMENTUM 39.0

5Y EQUITY BETA —

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // HEREPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $1.40

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for HERE & activate live FRED threshold breach alerts.

HEAD-TO-HEAD PEER COMPARISONS COMP <GO>

HERE VS AMZN

MARGINS ROIC VALUATION

HERE VS TSLA

MARGINS ROIC VALUATION

HERE VS V

MARGINS ROIC VALUATION

HERE VS MA

MARGINS ROIC VALUATION