AAA
CyclicalsValuation Breakdown
Cyclical companies (chemicals, oil & gas, basic resources) have earnings that swing dramatically with commodity prices and economic cycles. Valuing them on a single year's earnings is misleading: they look cheap at peaks and expensive at troughs. This model uses 7-year median EBITDA ("mid-cycle" earnings) and a 7-year median EV/EBITDA multiple to estimate what the firm is worth at a normal point in the cycle.
Valuation Track Record
Retroactive intrinsic value vs actual close price — AAA
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
AAA exhibits a Beneish M-Score of -2.7477, indicating a low likelihood of earnings manipulation. However, the earnings quality metrics reveal significant weaknesses, particularly in revenue recognition and receivables management, which could pose risks in financial reporting.
- Earnings Quality Score of 68.8/100, with a concerning eq_receivables score of 0.0/100, indicating potential issues in revenue collection.
- SGI at 0.8393 suggests declining sales growth, which may impact future earnings sustainability.
- Strong eq_cash_conv score of 100.0/100 indicates excellent cash conversion from earnings.
- Institutional ownership at 48.7% by An Phat Holdings provides a level of stability and oversight.
The high concentration of ownership by An Phat Holdings (48.7%) may lead to governance risks, as decisions may favor the controlling shareholder over minority interests.
Investors should closely monitor revenue recognition practices and receivables management. Consider a cautious approach to investment until improvements in earnings quality metrics are observed.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for AAA — hover nodes for intel, click to navigate