HAF
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 — HAF
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.7784 indicates a lower likelihood of earnings manipulation; however, several components raise concerns about earnings quality. The earnings quality score of 31.2/100, particularly low scores in receivables and revenue metrics, suggests potential issues with revenue recognition and cash flow.
- DSRI of 1.8511 indicates a significant increase in receivables relative to sales, which may suggest aggressive revenue recognition practices.
- AQI of 0.0837 is concerning, indicating low earnings quality, particularly in cash conversion.
- eq_receivables and eq_margin both at 0.0/100 highlight severe issues in managing receivables and profitability.
- GMI of 0.7872 suggests that gross margins are stable, which is a positive indicator amidst other concerns.
- The ownership structure is concentrated among institutions, which may provide stability and oversight.
The top shareholders are all institutions, which may reduce the risk of erratic decision-making; however, their high concentration (over 90% combined) could lead to potential governance issues if interests diverge.
Investors should closely monitor cash flow and revenue recognition practices, and consider a cautious approach to investment until earnings quality improves. Engaging with management regarding these concerns may provide additional insights.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for HAF — hover nodes for intel, click to navigate