HAN
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 — HAN
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -1.8703 indicates a potential risk of earnings manipulation, as it is below the threshold of -1.78. Additionally, the earnings quality score of 53.4 suggests significant issues, particularly in cash conversion and revenue recognition.
- Beneish M-Score of -1.8703 indicates potential earnings manipulation risk.
- Earnings quality cash conversion score of 0.0/100 highlights severe issues with cash flow relative to reported earnings.
- SGI of 1.2573 suggests aggressive growth that may not be supported by underlying fundamentals.
- Receivables quality score of 100.0/100 indicates strong management of receivables.
- DSRI of 0.9576 suggests that inventory levels are well managed relative to sales.
The overwhelming state ownership at 98.8% may lead to a lack of accountability and transparency, increasing the risk of mismanagement or manipulation.
Investors should proceed with caution, closely monitoring cash flow statements and revenue recognition practices, and consider diversifying exposure due to elevated risks.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for HAN — hover nodes for intel, click to navigate