DSN
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 — DSN
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -1.1572 indicates a low likelihood of earnings manipulation, as it is above the manipulation threshold of -1.78. However, the earnings quality score of 47.3/100, particularly low receivables quality at 8.3/100, raises concerns about revenue recognition and cash flow sustainability.
- High DSRI of 1.7244 suggests potential issues with inventory management or overproduction relative to sales.
- Low eq_receivables score of 8.3/100 indicates significant concerns regarding the collectability of receivables, which may affect cash flow.
- SGAI of 1.0990 indicates higher selling, general, and administrative expenses relative to sales, which could pressure margins.
- The strong eq_margin score of 100.0/100 indicates effective cost management and strong profitability on sales.
- A Beneish M-Score above the manipulation threshold suggests a lower risk of earnings manipulation.
The top shareholder, Công ty Cổ phần Dịch vụ Du lịch Phú Thọ, holds a significant 33.5% stake, which may lead to concentrated control and potential conflicts of interest, particularly in decision-making processes.
Investors should closely monitor cash flow metrics and receivables management while considering a cautious approach to investment, given the moderate risk level and potential red flags.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for DSN — hover nodes for intel, click to navigate