FID
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 — FID
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
FID exhibits several concerning indicators of potential earnings manipulation, as evidenced by a Beneish M-Score of -2.6861, which is significantly below the manipulation threshold of -1.78. Additionally, the company's earnings quality score of 32.3/100 highlights significant weaknesses in cash conversion and revenue recognition.
- Beneish M-Score of -2.6861 indicates a high likelihood of earnings manipulation, well below the threshold of -1.78.
- Earnings Quality Score of 32.3/100, with a particularly low cash conversion score of 6.7/100, suggests poor earnings quality.
- DSRI of 1.1150 indicates that inventory growth is in line with sales, which could suggest operational stability.
The ownership structure is fragmented with no single shareholder holding a significant controlling stake, which may lead to governance challenges and potential conflicts of interest among the top shareholders.
Investors should exercise caution and conduct further due diligence on FID, particularly focusing on cash flow and revenue recognition practices, before considering any investment.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for FID — hover nodes for intel, click to navigate