BTP
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 — BTP
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
BTP exhibits a Beneish M-Score of -2.8262, indicating a low likelihood of earnings manipulation; however, the earnings quality score of 43.7/100 reveals significant weaknesses, particularly in revenue and margin metrics. The concentrated ownership structure raises concerns about governance and decision-making transparency.
- Earnings Quality Score of 43.7/100, with 0.0/100 in eq_receivables and eq_revenue, indicating potential revenue recognition issues.
- High DSRI of 1.2732 suggests increasing receivables relative to sales, which can indicate aggressive revenue recognition practices.
- Beneish M-Score of -2.8262, well below the manipulation threshold of -1.78, suggesting a lower risk of earnings manipulation.
- High accrual score of 98.4/100 indicates strong cash flow management relative to earnings.
The ownership concentration with 79.6% held by Tổng Công ty Phát điện 3 may lead to governance risks, as decisions may favor the interests of this major shareholder over minority interests.
Investors should monitor BTP closely for signs of revenue recognition issues and consider diversifying exposure due to ownership concentration risks. A deeper analysis of financial statements is recommended to assess the sustainability of earnings.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for BTP — hover nodes for intel, click to navigate