DNH
UtilitiesValuation Breakdown
The Dividend Discount Model values a stock based on its future dividend payments, discounted to present value. The 3-stage variant captures three phases of a company's life: high growth (years 1-3), a transition period where growth declines linearly (years 4-6), and a terminal stage of stable, perpetual growth (year 7+). As John D. Rockefeller said: "The only thing that gives me pleasure is to see my dividends coming in."
Valuation Track Record
Retroactive intrinsic value vs actual close price — DNH
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.6552 indicates that DNH is unlikely to be involved in earnings manipulation, as it is well below the threshold of -1.78. However, the earnings quality metrics reveal a concerning score of 0.0 for revenue recognition, which may suggest issues with revenue reporting.
- Earnings Quality Score of 0.0 for eq_revenue indicates potential revenue recognition issues.
- High concentration of ownership with 99.9% held by Tổng Công ty Phát điện 1 raises concerns about governance and minority shareholder rights.
- Strong earnings quality metrics with an eq_accrual of 93.7/100 and eq_cash_conv of 92.4/100 suggest that the company's earnings are largely cash-based and of high quality.
The overwhelming ownership by a single state-owned enterprise (SOE) could lead to governance issues and limit the influence of minority shareholders, posing a risk to independent oversight.
Investors should closely monitor revenue reporting practices and consider advocating for improved transparency and governance structures to protect minority interests.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for DNH — hover nodes for intel, click to navigate