C92
ConstructionValuation Breakdown
Construction and industrial firms have characteristics of both cyclical businesses (lumpy project-based revenue) and growth companies (expanding order books). This model blends two approaches 50/50: EV/EBITDA valuation (captures current earning power relative to peers) and FCF-based DCF (captures future cash generation potential). If EV/EBITDA produces a negative value (debt exceeds enterprise value), only DCF is used.
Valuation Track Record
Retroactive intrinsic value vs actual close price — C92
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2017
C92 exhibits several concerning indicators of potential earnings manipulation, as evidenced by its Beneish M-Score of -2.3374, which is below the manipulation threshold of -1.78. Additionally, the company's earnings quality score of 24.1/100 suggests significant weaknesses in cash conversion and revenue recognition.
- Beneish M-Score of -2.3374 indicates potential earnings manipulation, significantly below the threshold of -1.78.
- Earnings Quality Score of 24.1/100, with 0.0/100 in cash conversion, receivables, margin, and revenue metrics, raises concerns about the reliability of reported earnings.
- DSRI of 1.8123 suggests that inventory levels are increasing, which could indicate future sales growth if managed properly.
The high concentration of ownership, with Nguyễn Anh Hùng holding 71.8%, poses a risk of governance issues and lack of accountability, which may affect minority shareholders' interests.
Investors should closely monitor C92's financial reporting and consider a cautious approach, potentially waiting for improved earnings quality metrics and transparency before making investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for C92 — hover nodes for intel, click to navigate