CT3
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 — CT3
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
CT3 exhibits several concerning indicators of earnings quality and potential manipulation, as reflected in its Beneish M-Score of -2.1966, which suggests a likelihood of financial statement manipulation. The company's earnings quality score of 36.7/100, particularly low cash conversion and receivables metrics, raises further concerns about the reliability of reported earnings.
- Beneish M-Score of -2.1966 indicates potential earnings manipulation, exceeding the threshold of -1.78.
- Earnings Quality Score of 36.7/100, with cash conversion and receivables both at 0.0/100, signaling severe issues in cash flow management and revenue recognition.
- Revenue quality score of 100.0/100 indicates strong revenue generation capabilities, suggesting that sales are not fabricated.
- Institutional ownership is significant, with Tổng Công ty Đường sắt Việt Nam holding 24.7%, which may provide some level of oversight.
The ownership structure is dominated by institutional investors, which can provide stability; however, the concentration of ownership may lead to governance issues and reduced accountability.
Investors should exercise caution and closely monitor CT3's financial disclosures and earnings quality metrics. It may be prudent to wait for improved transparency and stronger cash flow indicators before considering an investment.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for CT3 — hover nodes for intel, click to navigate