EMS
ConstructionValuation Breakdown
Construction and industrial firms have characteristics of both cyclical businesses (lumpy project-based revenue) and growth companies (expanding order books). This model blends two approaches 50/50: EV/EBITDA valuation (captures current earning power relative to peers) and FCF-based DCF (captures future cash generation potential). If EV/EBITDA produces a negative value (debt exceeds enterprise value), only DCF is used.
Valuation Track Record
Retroactive intrinsic value vs actual close price — EMS
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2024
The Beneish M-Score of -2.6791 indicates a low likelihood of earnings manipulation, as it is well below the threshold of -1.78. Additionally, the earnings quality score of 79.7/100 reflects strong cash conversion and receivables management, suggesting solid operational performance.
- The SGI of 1.0284 indicates a slight growth in sales, which is positive, but the EQ Revenue score of 0.0/100 raises concerns about revenue recognition practices.
- The earnings quality metrics show a perfect cash conversion rate of 100.0/100, indicating that the company is effectively converting its earnings into cash.
With 84.1% ownership held by Tổng Công ty Bưu Điện Việt Nam, there is a significant concentration of control, which may pose risks related to governance and decision-making transparency.
Investors should monitor revenue recognition practices closely due to the low EQ Revenue score, while also considering the strong cash conversion as a positive indicator for operational health.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for EMS — hover nodes for intel, click to navigate