DSD
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 — DSD
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.4249 indicates a low likelihood of earnings manipulation, as it is below the manipulation threshold of -1.78. However, the earnings quality metrics show some concerns, particularly in revenue recognition, which could pose risks in the context of Vietnamese accounting practices.
- Revenue quality score is extremely low at 0.2/100, indicating potential issues with revenue recognition.
- SGI at 1.1111 suggests a significant growth rate that may not be supported by underlying fundamentals.
- Earnings Quality Score of 86.3/100 indicates strong overall earnings quality.
- High accrual score of 97.9/100 and perfect cash conversion score of 100.0/100 suggest effective cash management.
The top shareholders are predominantly individual investors, with the largest holding at 34.3%. This concentrated ownership could lead to governance risks and potential conflicts of interest.
Investors should closely monitor revenue recognition practices and consider the implications of concentrated ownership. A deeper analysis of cash flow and operational performance is recommended before making investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for DSD — hover nodes for intel, click to navigate