FTM
ConsumerValuation Breakdown
A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.
Valuation Track Record
Retroactive intrinsic value vs actual close price — FTM
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2024
FTM exhibits several concerning indicators, particularly a high GMI of 5.5815, suggesting potential earnings manipulation. While the Beneish M-Score of -1.0763 is below the manipulation threshold, the low earnings quality score of 37.5/100 raises further concerns about the sustainability of reported earnings.
- GMI of 5.5815 indicates significant earnings manipulation risk.
- Earnings Quality Score of 37.5/100, particularly low cash conversion at 18.9/100, suggests poor earnings quality.
- DEPI of 1.2010 indicates potential overstatement of revenue as it is above 1.
- DSRI of 0.6831 indicates good inventory management relative to sales.
- Receivables quality score of 100.0/100 suggests strong management of receivables.
The concentrated ownership structure, with the top five shareholders holding over 56% of shares, may lead to governance risks and potential conflicts of interest, particularly in decision-making processes.
Investors should exercise caution and conduct further due diligence, particularly focusing on cash flow and revenue recognition practices before making investment decisions in FTM.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for FTM — hover nodes for intel, click to navigate