BSG
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 — BSG
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
BSG exhibits several red flags that suggest potential earnings manipulation, particularly with a Beneish M-Score of -2.2969, indicating a risk of financial misrepresentation. While the earnings quality score is relatively moderate at 55.2, the extremely low scores in receivables and revenue raise concerns about the sustainability of reported earnings.
- Beneish M-Score of -2.2969, indicating potential earnings manipulation as it is below the threshold of -1.78.
- Earnings quality metrics show 0.0/100 in eq_receivables and eq_revenue, suggesting significant issues in revenue recognition and cash flow management.
- The company has a strong cash conversion score of 100.0/100, indicating effective cash flow management despite other weaknesses.
- Ownership by the state-owned enterprise (SOE) at 49.0% may provide stability and access to resources, which can be a positive signal in the Vietnamese market context.
The high concentration of ownership by the SOE and a significant individual shareholder (15.0%) suggests potential governance risks, as decisions may be influenced by a few stakeholders rather than a diverse shareholder base.
Investors should closely monitor BSG's financial disclosures and consider conducting further due diligence on revenue recognition practices before making investment decisions. It may be prudent to adopt a cautious approach 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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