BTV
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 — BTV
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
BTV exhibits several concerning financial indicators, particularly in earnings quality and potential manipulation risks as indicated by its Beneish M-Score. While the ownership structure suggests strong institutional backing, the low earnings quality score raises questions about the sustainability of reported earnings.
- Beneish M-Score of -2.1044, well below the manipulation threshold of -1.78, indicating potential earnings manipulation.
- Earnings Quality Score of 38.0/100, suggesting significant concerns over the quality of earnings, particularly with an eq_cash_conv score of 0.0/100.
- Strong institutional ownership with Tổng Công ty Bến Thành holding 49.0%, which may provide stability and governance oversight.
- High eq_margin score of 95.0/100, indicating strong profitability relative to revenue.
The significant concentration of ownership by institutions, particularly Tổng Công ty Bến Thành, may lead to potential governance risks if their interests diverge from minority shareholders.
Investors should closely monitor BTV's earnings reports and consider a cautious approach until improvements in earnings quality and transparency are demonstrated.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for BTV — hover nodes for intel, click to navigate