HNR
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 — HNR
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
HNR exhibits several concerning indicators of potential earnings manipulation, as evidenced by a Beneish M-Score of -2.4343, which is well below the manipulation threshold of -1.78. While the earnings quality score is moderate at 54.5, the low cash conversion rate and revenue quality raise significant red flags.
- Beneish M-Score of -2.4343 indicates potential earnings manipulation, significantly below the threshold of -1.78.
- Earnings quality cash conversion rate at 21.2/100 suggests poor conversion of earnings into cash, raising concerns about liquidity.
- Revenue quality score of 0.0/100 indicates potential issues with revenue recognition practices.
- DSRI of 1.0814 indicates a slight increase in receivables relative to sales, which could suggest growth, though it must be monitored closely.
- High eq_accrual score of 95.7/100 indicates that the company is generating earnings primarily through accruals, which can be a positive sign if managed properly.
The ownership structure is heavily concentrated, with Tổng Công ty Cổ phần Bia - Rượu - Nước giải khát Hà Nội holding 54.3% and Streetcar Investment Holding Pte. Ltd holding 45.6%. This could lead to governance risks and potential conflicts of interest.
Investors should exercise caution and closely monitor HNR's financial disclosures and cash flow statements. It may be prudent to wait for clearer signals of earnings sustainability 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 HNR — hover nodes for intel, click to navigate