HKB
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 — HKB
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
HKB exhibits a Beneish M-Score of -3.9731, indicating a low likelihood of earnings manipulation. However, the earnings quality metrics reveal significant weaknesses, particularly in cash conversion and revenue recognition, suggesting potential operational inefficiencies.
- Earnings Quality Score of 39.8/100, with eq_cash_conv at only 2.7/100, indicating severe issues in converting earnings to cash.
- Revenue recognition score of 0.0/100, raising concerns about the reliability of reported revenues.
- Beneish M-Score of -3.9731, well below the manipulation threshold of -1.78, suggesting a lower risk of earnings manipulation.
- Strong receivables score of 100.0/100, indicating effective management of accounts receivable.
The ownership structure is relatively concentrated, with the largest shareholder holding 18.5%. This could lead to potential governance risks if the interests of minority shareholders are overlooked.
Investors should closely monitor cash flow performance and revenue recognition practices. It may be prudent to adopt a cautious approach until improvements in earnings quality are observed.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for HKB — hover nodes for intel, click to navigate