BSQ
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 — BSQ
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
BSQ exhibits a Beneish M-Score of -2.5836, indicating a lower likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality score of 61.3 suggests potential concerns, particularly with receivables and revenue recognition.
- The receivables quality score is 0.0/100, indicating significant concerns regarding the company's ability to collect receivables, which may suggest aggressive revenue recognition practices.
- The SGI of 0.8410 indicates a decline in sales growth, which could signal potential future revenue challenges.
- The earnings quality score of 61.3/100, particularly the cash conversion score of 100.0/100, indicates strong cash flow relative to earnings, suggesting that the company is generating cash effectively.
- The low GMI of 0.9692 suggests that gross margins are stable, which is a positive indicator in the context of the Vietnamese market.
The high concentration of ownership with Tổng Công ty Cổ phần Bia - Rượu - Nước Giải khát Sài Gòn holding 66.6% poses risks of potential conflicts of interest and reduced minority shareholder influence.
Investors should closely monitor BSQ's receivables and revenue recognition practices while considering the strong cash conversion metrics. A cautious approach is advised, with an emphasis on assessing future sales growth and management's strategic direction.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for BSQ — hover nodes for intel, click to navigate