BKG
ConsumerValuation Breakdown
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.
Valuation Track Record
Retroactive intrinsic value vs actual close price — BKG
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
BKG exhibits several concerning financial indicators, particularly with a Beneish M-Score of -2.1915, which suggests a lower likelihood of manipulation but still warrants caution due to high DSRI and SGAI values. The earnings quality score of 33.0/100, especially the zero scores in cash conversion and receivables, raises significant red flags regarding the sustainability of reported earnings.
- Beneish M-Score of -2.1915, indicating potential earnings manipulation risk despite being below the manipulation threshold.
- DSRI of 1.5458, suggesting a significant increase in receivables relative to sales, which could indicate aggressive revenue recognition.
- SGAI of 1.5528, indicating higher sales growth relative to assets, which may not be sustainable.
- Earnings Quality Score of 33.0/100, with 0.0/100 in cash conversion and receivables, indicating poor earnings quality.
- Strong margin performance with an eq_margin of 90.9/100, indicating potential profitability if revenue recognition issues are resolved.
- Low GMI of 0.8585, suggesting that gross margins are stable, which could indicate operational efficiency.
The ownership structure is highly concentrated with the largest shareholder holding 18.5%, which may lead to governance risks and potential conflicts of interest. The presence of multiple individual shareholders could also lead to fragmented decision-making.
Investors should exercise caution and closely monitor BKG's financial disclosures, particularly focusing on cash flow and receivables management. Consider waiting for improved earnings quality metrics before making significant investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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> mapping common ownership for BKG — hover nodes for intel, click to navigate