DPM
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 — DPM
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
DPM exhibits several concerning indicators of potential earnings manipulation, as evidenced by a Beneish M-Score of -0.8238, which is above the manipulation threshold of -1.78. Additionally, the earnings quality score of 18.5/100 highlights significant weaknesses in cash conversion and revenue recognition, raising red flags about the sustainability of reported earnings.
- Beneish M-Score of -0.8238 indicates potential earnings manipulation, as it is above the threshold of -1.78.
- Earnings Quality Score of 18.5/100, particularly low cash conversion score of 0.0/100, suggests poor earnings quality.
- DSRI of 1.7333 indicates significant growth in receivables relative to revenue, which could signal aggressive revenue recognition practices.
- SGI of 1.2273 indicates that sales growth is outpacing the industry average, which could be a positive sign for future revenue.
- High equity margin score of 67.5/100 suggests that the company maintains a healthy profit margin relative to its peers.
The ownership structure is heavily concentrated, with 59.6% held by Tập Đoàn Công Nghiệp – Năng Lượng Quốc Gia Việt Nam, which may lead to governance issues and reduced accountability for minority shareholders.
Investors should exercise caution and closely monitor DPM's financial disclosures and performance metrics. Consider a more thorough due diligence process before making investment decisions, particularly focusing on cash flow and revenue recognition practices.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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