ATG
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 — ATG
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of 167.4891 indicates a strong likelihood of earnings manipulation, significantly exceeding the threshold of -1.78. Coupled with an Earnings Quality Score of 51.1, which reflects poor accruals and revenue quality, the overall financial health of ATG raises substantial concerns.
- Beneish M-Score of 167.4891 indicates likely manipulation, far exceeding the threshold of -1.78.
- DSRI of 1.5334 suggests potential issues with inventory management relative to sales.
- SGI of 4.1332 indicates aggressive growth that may not be sustainable, raising concerns about revenue recognition practices.
- Cash conversion score of 100.0/100 indicates strong cash flow generation despite concerns over earnings quality.
- Receivables score of 100.0/100 suggests effective management of accounts receivable, which is a positive sign for liquidity.
The ownership structure is heavily concentrated among individual shareholders, with the largest holding at 9.1%. This concentration may lead to governance risks and potential conflicts of interest.
Investors should exercise caution and conduct further due diligence, particularly regarding revenue recognition and management practices. Consider monitoring for any changes in ownership dynamics or financial disclosures that could impact transparency.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for ATG — hover nodes for intel, click to navigate