HJC
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 — HJC
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
HJC exhibits several concerning financial metrics that suggest potential earnings manipulation, particularly indicated by a Beneish M-Score of -1.2518, which is above the manipulation threshold of -1.78. The earnings quality score of 56.6/100, alongside a notably low cash conversion score of 0.0/100, raises further concerns about the sustainability of reported earnings.
- Beneish M-Score of -1.2518, indicating potential earnings manipulation risk as it is above the threshold of -1.78.
- Earnings quality cash conversion score of 0.0/100, suggesting severe issues with converting earnings into cash.
- DSRI of 1.8393, indicating a significant increase in receivables relative to sales, which may signal aggressive revenue recognition.
- Receivables quality score of 100.0/100, indicating strong management of receivables.
- SGI of 1.2705, suggesting that HJC is experiencing sales growth, which could be a positive indicator if supported by cash flow.
The ownership structure is heavily concentrated, with Tổng Công ty Thuốc lá Việt Nam holding 76.1%, which may lead to governance risks and limit minority shareholder influence. This concentration can lead to decisions that prioritize the interests of the majority shareholder over minority shareholders.
Investors should exercise caution and conduct further due diligence on HJC, particularly focusing on cash flow statements and revenue recognition practices. Monitoring future earnings reports for improvements in cash conversion and overall earnings quality is essential.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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> mapping common ownership for HJC — hover nodes for intel, click to navigate