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Consumer sector

AGM

Consumer
Công ty Cổ phần Xuất nhập khẩu An Giang
Thực phẩm và đồ uống/Sản xuất thực phẩmCT
2.000
VND · Last close
Valuation Verdict
Overvalued
Very Low
-120%Fair Value+120%
Intrinsic Value
0
Current
2.000
Gap
-100.0%
ModelFCF DCF

Valuation Breakdown

CTThực phẩm và đồ uốngConsumer
Classified as consumer because ICB sector "Thực phẩm và đồ uống" maps to the consumer group
ModelFCF-Based DCF
Value = Sum of [FCF / (1+WACC)^t] + Terminal Value / (1+WACC)^n

A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.

Distressed Valuation
Negative Cash Flow
BVPS
x
Discount
50%
=
Floor Value

Valuation Track Record

Retroactive intrinsic value vs actual close price — AGM

Earnings Quality

Fiscal year 2025

40
Weak
Accrual Quality
72
Cash Conversion
29
Receivables
0
Margin Stability
0
Revenue Quality
100

Financial Forensics

Beneish M-Score · 2023

-1.66
Elevated
DSRI
2.308
GMI
2.164
AQI
3.787
SGI
0.230
DEPI
0.585
SGAI
1.444
TATA
-0.266
LVGI
1.205

AGM shows significant signs of potential earnings manipulation with a Beneish M-Score of -1.6567, which is close to the manipulation threshold. The low Earnings Quality Score of 14.2/100, particularly concerning cash conversion and receivables, raises further concerns about the reliability of reported earnings.

Red Flags
  • Beneish M-Score of -1.6567 is close to the manipulation threshold of -1.78, indicating potential earnings manipulation.
  • Earnings Quality Score of 14.2/100, with cash conversion at 39.0/100 and receivables at 0.0/100, suggests poor earnings quality and potential overstatement of revenues.
Positive Signals
  • The DSRI of 2.3084 indicates that accounts receivable are growing faster than revenues, which could suggest aggressive revenue recognition practices but may also indicate strong sales growth if managed properly.
Ownership Risk

The ownership structure is relatively fragmented with no single entity holding a controlling stake, which may reduce the risk of collusion among major shareholders but could also lead to governance challenges.

Recommendation

Investors should exercise caution and closely monitor AGM's financial disclosures and cash flow statements. Consider waiting for improved earnings quality metrics before making significant investment decisions.

Generated by AI based on quantitative data. Not financial advice.

Quantitative Scores

F-Score
4/9
Neutral
Z-Score
-2.55
Distress Zone
Sharpe
-1.07
Negative
Composite
19
Poor
Price Risk
Momentum
-9.7%
Volatility
106.6%
Max Drawdown
-69.2%

Key Ratios

Fiscal year 2025
-0.33P/E
P/B0.00
P/S1.60
ROE35.8%
ROA-10.6%
EPS-5751.08
BVPS0.00
Gross Margin-54.1%
Net Margin-486.8%
D/E-3.74
Current Ratio0.12
Rev Growth-91.1%
Profit Growth59.7%
EV/EBITDA-106.97
Div Yield0.0%

Company Overview

Issued Shares
18.2M
Charter Capital
182.0B VND
Sector (ICB L2)
Thực phẩm và đồ uống
Industry (ICB L3)
Sản xuất thực phẩm
Sub-industry
Thực phẩm
Company Type
CT

// OWNERSHIP_NETWORK

> mapping common ownership for AGM — hover nodes for intel, click to navigate

Shareholders
Công ty Cổ Phần Sơn Nesfor Việt Nam
Inst
7.9%
1.4 trieu
Công ty Cổ phần Tập đoàn Lộc Trời
Inst
4.9%
900.000
Nguyễn Văn Phúc
Indiv
4.9%
887.200
Lương Đức Tâm
Indiv
4.2%
759.800
Trần Thị Cẩm Châm
Indiv
4.2%
755.500
Lã Quốc Đạt
Indiv
3.5%
640.000
Nguyễn Minh Tuấn
Indiv
3.4%
611.200
Hoàng Văn Toàn
Indiv
2.8%
500.000
Nguyễn Văn Tiến
Indiv
0.6%
102.000
Cao Minh Lãm
Indiv
0.5%
83.700
Lê Trường Sơn
Indiv
0.3%
50.000
Võ Thanh Bào
Indiv
0.2%
31.000
PHẠM HỮU GIÁO
Indiv
0.2%
28.800
Huỳnh Thanh Tùng
Indiv
0.1%
19.800
Board & Management
Trần Thị Cẩm Châm4.2%
Kế toán trưởng
Huỳnh Thanh Tùng0.1%
Phó Tổng Giám đốc/Phó Tổng Giám đốc Tài chính
Huỳnh Mỹ Loan
Người phụ trách quản trị công ty
Ngọ Văn Trị
Phó Tổng Giám đốc Hành chính nhân sự
Đỗ Thành Nhân
Chủ tịch Hội đồng Quản trị
Trần Vũ Đình Thi
Phó Giám đốc Điều hành/Phó Tổng Giám đốc Kinh doanh
Đặng Doãn Kiên
Thành viên Hội đồng Quản trị
Nguyễn Lê Văn
Thành viên Hội đồng Quản trị
Nguyễn Bá Ngọc
Thành viên Ban kiểm soát
Hồ Lê Hoàng Anh
Thành viên Ban kiểm soát
Trịnh Văn Bảo
Thành viên Hội đồng Quản trị
Phạm Ngọc Hiếu
Thành viên Ban kiểm soát
Nguyễn Trung Kiên
Tổng Giám đốc
Trần Vũ Đình Thi
Phó Tổng Giám đốc
Hồ Đăng Dân
Trưởng Ban kiểm soát
Võ Thị Thanh Tuyết
Phụ trách Công bố thông tin
Lê Huỳnh Gia Hoàng
Chủ tịch Hội đồng Quản trị
Lê Văn Huy
Thành viên Hội đồng Quản trị
Computed 12/04/2026
Methodology & Disclosure

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