CLH
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 — CLH
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.7289 indicates that CLH is unlikely to be manipulating earnings, as it is well below the threshold of -1.78. However, the earnings quality score of 74.8 suggests potential concerns, particularly with revenue recognition, which scored 0.0, indicating a lack of revenue quality.
- Revenue quality score of 0.0/100 raises concerns about the reliability of reported revenues.
- The SGI of 1.0674 indicates a growth rate that may not be supported by underlying fundamentals, suggesting potential overvaluation.
- Strong accrual quality score of 93.0/100 indicates that earnings are likely backed by actual cash flows.
- High receivables quality score of 100.0/100 suggests effective management of accounts receivable.
The majority ownership by Tổng Công ty Công nghiệp mỏ Việt Bắc TKV (51.4%) indicates a strong institutional presence, which can provide stability but may also lead to potential conflicts of interest given the significant control.
Investors should closely monitor revenue recognition practices and consider the implications of the high SGI. It may be prudent to adopt a cautious approach until further clarity on revenue quality is established.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for CLH — hover nodes for intel, click to navigate