HAD
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 — HAD
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
HAD exhibits several concerning indicators of earnings manipulation, particularly with a Beneish M-Score of -1.5469, which is close to the manipulation threshold. The earnings quality score of 32.5/100, particularly low cash conversion metrics, raises additional concerns about the reliability of reported earnings.
- Beneish M-Score of -1.5469, indicating potential earnings manipulation risk as it is close to the threshold of -1.78.
- Earnings Quality Score of 32.5/100, with cash conversion metrics at 0.0/100, suggesting poor quality of earnings.
- Receivables quality score of 0.0/100, indicating significant concerns regarding revenue recognition practices.
- DSRI of 1.1918 indicates a reasonable level of sales growth relative to receivables, suggesting some operational stability.
- High margin score of 100.0/100 indicates strong profitability potential despite other weaknesses.
The majority ownership by Tổng Công ty Cổ phần Bia - Rượu - Nước giải khát Hà Nội (55.0%) suggests a stable control structure, but it also raises concerns about potential conflicts of interest and lack of minority shareholder influence.
Investors should approach HAD with caution, closely monitoring future earnings reports and cash flow statements. Consider waiting for improved earnings quality metrics and transparency before making significant investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for HAD — hover nodes for intel, click to navigate