BCB
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 — BCB
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
BCB exhibits several concerning indicators, particularly a Beneish M-Score of -1.9023, suggesting potential earnings manipulation. While the earnings quality score of 67.5 indicates reasonable performance, the low receivables conversion score raises concerns about revenue recognition practices.
- Beneish M-Score of -1.9023, which is below the manipulation threshold of -1.78.
- Low receivables quality score of 12.2/100, indicating potential issues with revenue recognition.
- High accrual quality score of 97.9/100, suggesting that reported earnings are backed by actual cash flows.
- Strong margin quality score of 100.0/100, indicating efficient cost management.
The ownership structure is heavily concentrated, with Tổng Công ty Đông Bắc holding 51.0%, which may lead to governance risks and potential conflicts of interest.
Investors should closely monitor BCB's financial disclosures and consider a cautious approach due to the elevated risk of earnings manipulation, while also recognizing the strong operational metrics.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for BCB — hover nodes for intel, click to navigate