DDM
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 — DDM
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2022
DDM exhibits a Beneish M-Score of -2.8271, well below the manipulation threshold, indicating a lower likelihood of earnings manipulation. However, the earnings quality score of 62.0 suggests some concerns, particularly with revenue and margin metrics, which could signal underlying operational issues.
- Earnings quality metrics show a score of 0.0/100 for both eq_margin and eq_revenue, indicating potential issues with profitability and revenue recognition.
- The SGI of 1.1728 suggests that sales growth is outpacing overall economic growth, which may not be sustainable.
- The DSRI of 0.7266 indicates that the company's inventory is well-managed compared to sales, reducing the risk of overstatement.
- A cash conversion score of 100.0/100 reflects strong cash flow management, which is a positive indicator in the Vietnamese market context.
The significant ownership by Tổng Công ty Hàng hải Việt Nam (49.0%) indicates a strong institutional backing, which can provide stability. However, the concentration of ownership raises concerns about potential governance issues and minority shareholder rights.
Investors should closely monitor DDM's operational performance and revenue recognition practices, particularly given the low earnings quality scores. Consider a cautious approach to investment until clearer trends in profitability and governance are established.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for DDM — hover nodes for intel, click to navigate