AME
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 — AME
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
AME exhibits a Beneish M-Score of -1.6976, indicating a low likelihood of earnings manipulation. However, the earnings quality metrics reveal significant weaknesses, particularly in cash conversion and revenue recognition, which could pose risks to financial stability.
- Earnings Quality Score of 56.0/100 indicates moderate concerns, especially with an eq_cash_conv of 0.0/100, suggesting poor cash conversion.
- SGI of 1.4814 indicates aggressive growth which may not be sustainable, raising concerns about future earnings reliability.
- Beneish M-Score of -1.6976 is below the manipulation threshold of -1.78, suggesting lower risk of financial statement manipulation.
- Strong receivables and margin scores (100.0/100) indicate effective management in these areas.
The ownership structure is heavily concentrated with Công ty Cổ phần Đầu Tư Alphanam holding 83.0%, which may lead to governance risks and reduced oversight.
Investors should closely monitor cash flow metrics and revenue recognition practices, while considering the strong institutional backing as a potential stabilizing factor.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for AME — hover nodes for intel, click to navigate