BTH
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 — BTH
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2014
BTH exhibits a Beneish M-Score of -2.541, indicating a lower likelihood of earnings manipulation. However, the earnings quality score of 68.6 suggests potential concerns, particularly in cash conversion metrics, which may warrant further scrutiny.
- Earnings quality cash conversion score of 40.0/100 indicates significant issues in converting earnings into actual cash flow.
- SGI of 1.1563 suggests aggressive growth that may not be sustainable, raising concerns about future revenue generation.
- Beneish M-Score of -2.541 is well below the manipulation threshold of -1.78, indicating a lower likelihood of financial statement manipulation.
- Receivables quality score of 100.0/100 indicates strong management of receivables, suggesting effective credit control.
The high concentration of ownership, with 65.0% held by a single institutional investor, may pose risks related to governance and decision-making, potentially limiting minority shareholder influence.
Investors should closely monitor cash flow performance and growth sustainability, considering a cautious approach given the moderate risk profile and ownership structure.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for BTH — hover nodes for intel, click to navigate