BSP
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 — BSP
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
BSP exhibits several concerning indicators of potential earnings manipulation, as evidenced by a Beneish M-Score of -2.1978, which is below the manipulation threshold. The earnings quality score of 53.4/100, particularly low scores in receivables and revenue metrics, raises additional concerns about the sustainability of reported earnings.
- Beneish M-Score of -2.1978 indicates potential earnings manipulation, significantly below the threshold of -1.78.
- Earnings quality score of 53.4/100, with 0.0/100 in receivables and revenue metrics, suggests serious issues with revenue recognition and cash flow management.
- Strong cash conversion score of 100.0/100 indicates effective cash flow management despite other red flags.
- Ownership by significant institutional shareholders (27.0% by Tổng Công ty Cổ phần Bia - Rượu - Nước Giải khát Sài Gòn) may provide some level of governance and oversight.
The ownership structure shows a concentration of institutional and individual investors, which can lead to potential conflicts of interest and governance challenges, especially in a market where SOEs play a significant role.
Investors should approach BSP with caution, closely monitoring future earnings reports and cash flow statements. It may be prudent to wait for improved earnings quality indicators before considering an investment.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for BSP — hover nodes for intel, click to navigate