DBC
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 — DBC
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
DBC exhibits a moderate risk of earnings manipulation as indicated by its Beneish M-Score of -1.7261, which is close to the manipulation threshold of -1.78. While the earnings quality score of 57.2 suggests some strengths, significant weaknesses in revenue and margin metrics raise concerns.
- Beneish M-Score of -1.7261 is close to the manipulation threshold of -1.78, indicating potential earnings manipulation.
- Earnings Quality Score of 57.2 is dragged down by 0.0/100 in both eq_margin and eq_revenue, suggesting poor revenue recognition and profitability.
- DSRI of 1.6013 indicates a significant increase in receivables relative to sales, which could signal aggressive revenue recognition practices.
- High eq_accrual score of 89.9/100 indicates strong accrual quality, suggesting that reported earnings may be reliable.
- Top shareholder Nguyễn Như So holds a substantial 23.9% stake, indicating potential alignment of interests with minority shareholders.
The ownership structure is somewhat concentrated, with the top shareholder holding nearly a quarter of the company, which could lead to governance risks if their interests diverge from those of minority investors.
Investors should closely monitor DBC's revenue recognition practices and consider a cautious approach due to the elevated risk of earnings manipulation. Engaging with management regarding their revenue policies could provide further clarity.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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> mapping common ownership for DBC — hover nodes for intel, click to navigate