GND
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 — GND
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
GND exhibits several concerning indicators of potential earnings manipulation, as evidenced by a Beneish M-Score of -2.1675, which suggests a risk of financial misrepresentation. Despite this, the company's earnings quality score of 63.0 indicates a moderate level of earnings reliability, particularly in cash conversion metrics.
- Beneish M-Score of -2.1675 indicates potential earnings manipulation, exceeding the threshold of -1.78.
- Receivables quality score of 36.4/100 suggests significant issues in revenue recognition and collection efficiency.
- Earnings quality cash conversion score of 100.0/100 indicates strong cash flow generation relative to reported earnings.
- Accrual quality score of 88.8/100 reflects a relatively low level of earnings management through accruals.
The ownership structure is highly concentrated, with the top five shareholders holding over 54% of the company, which may lead to governance risks and potential conflicts of interest.
Investors should exercise caution and conduct further due diligence, particularly regarding revenue recognition practices, while monitoring cash flow performance as a positive indicator.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for GND — hover nodes for intel, click to navigate