CPH
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 — CPH
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
CPH exhibits several concerning indicators that suggest potential financial manipulation, particularly with a Beneish M-Score of -2.1203, which is below the manipulation threshold. While the earnings quality score is relatively strong at 61.5, the significant ownership by the state and low receivables score raise additional concerns regarding transparency and governance.
- Beneish M-Score of -2.1203 indicates potential earnings manipulation, as it is below the threshold of -1.78.
- Receivables score of 0.0/100 suggests significant issues with accounts receivable management, potentially indicating aggressive revenue recognition practices.
- Earnings quality score of 61.5/100, with a cash conversion score of 100.0/100, indicates strong cash flow relative to earnings.
- State ownership at 64.5% may provide stability and support for the company, given the backing of local government.
The significant state ownership (64.5%) may lead to governance risks, as decisions may prioritize state interests over minority shareholders. Additionally, the concentration of ownership could limit transparency and accountability.
Investors should conduct further due diligence, particularly regarding revenue recognition practices and governance structures. Consider monitoring the company's financial reports closely for any signs of improvement in receivables management and overall transparency.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for CPH — hover nodes for intel, click to navigate