BNW
UtilitiesValuation Breakdown
The Dividend Discount Model values a stock based on its future dividend payments, discounted to present value. The 3-stage variant captures three phases of a company's life: high growth (years 1-3), a transition period where growth declines linearly (years 4-6), and a terminal stage of stable, perpetual growth (year 7+). As John D. Rockefeller said: "The only thing that gives me pleasure is to see my dividends coming in."
Valuation Track Record
Retroactive intrinsic value vs actual close price — BNW
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
BNW exhibits several concerning indicators suggesting potential earnings manipulation, particularly with a Beneish M-Score of -2.0288, which is below the manipulation threshold of -1.78. However, the earnings quality score of 70.5 indicates a reasonable level of earnings quality, with strong cash conversion metrics.
- Beneish M-Score of -2.0288 indicates potential earnings manipulation, as it is below the threshold of -1.78.
- DSRI of 1.8538 suggests a significant increase in receivables relative to sales, raising concerns about revenue recognition practices.
- Low eq_margin score of 40.3/100 indicates potential issues with profitability relative to revenue.
- Earnings Quality Score of 70.5/100 indicates overall decent earnings quality.
- Strong cash conversion metrics with eq_cash_conv at 100.0/100 suggest that cash flows are being managed effectively.
- High receivables quality score of 100.0/100 implies that the company is likely managing its receivables well.
The ownership structure is heavily concentrated, with 49.1% held by the local government and another 49.1% by a state-owned enterprise, which may lead to conflicts of interest and limit shareholder influence.
Investors should conduct further due diligence on BNW's revenue recognition practices and monitor changes in the ownership structure, while considering a cautious approach to investment given the elevated risk indicators.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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> mapping common ownership for BNW — hover nodes for intel, click to navigate