DLD
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 — DLD
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
DLD exhibits several concerning indicators of potential earnings manipulation, particularly with a Beneish M-Score of -2.7823, which is significantly below the manipulation threshold of -1.78. Additionally, the earnings quality metrics reveal a low cash conversion score of 0.3/100, indicating potential issues with cash flow relative to reported earnings.
- Beneish M-Score of -2.7823 indicates a high likelihood of earnings manipulation.
- Earnings quality score of 49.3/100, particularly low cash conversion score of 0.3/100, suggests poor earnings quality.
- Receivables and margin metrics at 100.0/100 indicate strong management of receivables and profitability margins.
The ownership structure is heavily concentrated, with the top shareholder, Tổng Công ty Du lịch Sài Gòn, holding 50.8%. This concentration may pose risks related to governance and decision-making, potentially sidelining minority shareholders.
Investors should exercise caution and closely monitor DLD's financial disclosures and cash flow statements. Consider a wait-and-see approach until there are clearer indicators of improved earnings quality and transparency.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for DLD — hover nodes for intel, click to navigate