C22
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 — C22
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2020
C22 exhibits a Beneish M-Score of -0.9539, indicating a low likelihood of earnings manipulation. However, the SGI of 1.2412 and the low EQ revenue score of 0.0/100 raise concerns about growth sustainability and revenue recognition practices.
- SGI of 1.2412 suggests aggressive growth that may not be supported by actual revenue increases.
- EQ revenue score of 0.0/100 indicates potential issues with revenue recognition, which could affect perceived financial health.
- Earnings Quality Score of 81.5/100 reflects strong overall earnings quality, particularly in accruals (98.5/100) and cash conversion (87.6/100).
- Beneish M-Score of -0.9539 is well above the manipulation threshold of -1.78, suggesting a lower risk of earnings manipulation.
The majority ownership by Bộ Quốc Phòng (51.3%) indicates a strong state influence, which can provide stability but may also lead to potential conflicts of interest or lack of transparency in decision-making.
Monitor revenue recognition practices closely due to the low EQ revenue score. Consider a cautious investment approach, focusing on the company's ability to sustain growth without aggressive accounting practices.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for C22 — hover nodes for intel, click to navigate