CVT
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 — CVT
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.4382 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the Earnings Quality Score of 68.7 suggests some concerns, particularly with revenue recognition, which is rated at 0.0/100.
- SGI of 1.2352 indicates significant sales growth that may not be supported by cash flow, raising concerns about revenue sustainability.
- The EQ Revenue score of 0.0/100 suggests potential issues with revenue recognition practices, which is a critical risk in the Vietnamese market context.
- The DSRI of 0.7052 indicates that the company is managing its inventory effectively relative to sales, which is a positive sign.
- The high EQ Accrual score of 98.5/100 reflects strong accrual quality, suggesting that reported earnings are likely to be more reliable.
With DNP Holding owning 51.1% of shares, there is a significant concentration of ownership, which may lead to governance risks and potential conflicts of interest.
Investors should closely monitor revenue recognition practices and consider the implications of ownership concentration before making investment decisions. A deeper analysis of cash flow and operational sustainability is advisable.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for CVT — hover nodes for intel, click to navigate