BFC
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 — BFC
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
BFC exhibits several concerning indicators of potential earnings manipulation, as evidenced by its Beneish M-Score of -0.7067, which is above the manipulation threshold of -1.78. Additionally, the earnings quality score of 33.8/100 reflects significant weaknesses in cash conversion and accruals, raising further concerns about the reliability of reported earnings.
- Beneish M-Score of -0.7067 indicates potential earnings manipulation, as it is above the threshold of -1.78.
- Earnings Quality Score of 33.8/100, with an eq_cash_conv score of 0.0/100, suggests severe issues with cash flow relative to reported earnings.
- The receivables quality score of 100.0/100 indicates strong management of receivables, which could imply effective credit policies.
The majority ownership by Tập đoàn Hóa chất Việt Nam at 65.0% suggests a strong influence over corporate governance, which could lead to potential conflicts of interest or lack of accountability in financial reporting.
Investors should exercise caution and conduct further due diligence, particularly focusing on cash flow metrics and management practices, before considering an investment in BFC.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for BFC — hover nodes for intel, click to navigate