DCM
CyclicalsValuation Breakdown
Cyclical companies (chemicals, oil & gas, basic resources) have earnings that swing dramatically with commodity prices and economic cycles. Valuing them on a single year's earnings is misleading: they look cheap at peaks and expensive at troughs. This model uses 7-year median EBITDA ("mid-cycle" earnings) and a 7-year median EV/EBITDA multiple to estimate what the firm is worth at a normal point in the cycle.
Valuation Track Record
Retroactive intrinsic value vs actual close price — DCM
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
DCM exhibits several concerning indicators, particularly with a Beneish M-Score of -0.8637, which is well above the manipulation threshold of -1.78. The earnings quality score of 23.6/100, especially the cash conversion and receivables metrics at 0.0/100, raises significant red flags regarding the reliability of reported earnings.
- Beneish M-Score of -0.8637 indicates potential earnings manipulation risk, as it is above the threshold of -1.78.
- Earnings Quality Score of 23.6/100, with cash conversion and receivables both at 0.0/100, suggests severe issues in cash flow management and revenue recognition.
- The gross margin score of 100.0/100 indicates strong operational efficiency in terms of cost management.
The high concentration of ownership, with 75.6% held by Tập Đoàn Công Nghiệp – Năng Lượng Quốc Gia Việt Nam, poses a risk of governance issues and lack of minority shareholder protection in decision-making processes.
Investors should exercise caution and closely monitor DCM's financial disclosures and operational performance. Consider waiting for improved earnings quality metrics and transparency before making investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for DCM — hover nodes for intel, click to navigate