D2D
Real EstateValuation Breakdown
Real estate developers in Vietnam report land banks at historical acquisition cost (Vietnamese Accounting Standards don't allow revaluation). This means book value severely understates true asset value. This model blends two approaches: an RNAV proxy (revalued net asset value, applying a 1.5x factor to book value) weighted 40%, and a DCF on normalized cash flows weighted 60%. Highly leveraged firms receive a +2% WACC penalty.
Valuation Track Record
Retroactive intrinsic value vs actual close price — D2D
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
D2D exhibits several concerning financial metrics, particularly with a Beneish M-Score of -2.828, indicating a lower likelihood of manipulation. However, the high SGI of 2.2550 suggests aggressive growth strategies that may pose sustainability risks.
- Beneish M-Score of -2.828, significantly below the manipulation threshold of -1.78.
- SGI of 2.2550 indicates aggressive revenue growth, which may not be sustainable.
- Earnings Quality Score of 65.8/100, with low eq_margin of 32.4/100, suggesting potential issues with profitability.
- Cash conversion metrics are strong with eq_cash_conv at 100.0/100, indicating effective cash flow management.
- Low DSRI of 0.5398 suggests that inventory levels are well managed relative to sales.
The ownership structure is heavily concentrated, with the largest shareholder holding 57.9%. This may lead to governance risks and limited accountability.
Investors should closely monitor D2D's growth strategies and earnings quality metrics while considering a diversified investment approach to mitigate risks associated with ownership concentration.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for D2D — hover nodes for intel, click to navigate