DRL
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 — DRL
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2020
The Beneish M-Score of -2.0002 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality metrics reveal concerns, particularly with a revenue quality score of 0.0/100, suggesting potential issues with revenue recognition.
- Revenue quality score of 0.0/100 indicates potential aggressive revenue recognition practices.
- DSRI of 1.2425 suggests increasing receivables relative to sales, which may indicate potential collection issues.
- Earnings Quality Score of 72.8/100 reflects a generally strong earnings quality, particularly with an accrual score of 89.5/100.
- The GMI of 0.9941 is below 1, indicating that gross margins are stable, which is a positive sign in the context of the Vietnamese market.
The top shareholder, Tổng Công Ty Điện Lực Miền Trung, holds a significant 30.4% stake, which may provide stability but also raises concerns about potential influence over management decisions and lack of minority shareholder protection.
Investors should closely monitor revenue recognition practices and assess the company's ability to manage receivables effectively. Consider a cautious approach, given the elevated risk signals, while keeping an eye on improvements in revenue quality.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for DRL — hover nodes for intel, click to navigate