HUT
CyclicalsValuation Breakdown
Cyclical companies (chemicals, oil & gas, basic resources) have earnings that swing dramatically with commodity prices and economic cycles. Valuing them on a single year's earnings is misleading: they look cheap at peaks and expensive at troughs. This model uses 7-year median EBITDA ("mid-cycle" earnings) and a 7-year median EV/EBITDA multiple to estimate what the firm is worth at a normal point in the cycle.
Valuation Track Record
Retroactive intrinsic value vs actual close price — HUT
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -1.127 indicates a low likelihood of earnings manipulation, as it is above the threshold of -1.78. However, the earnings quality score of 30.1/100, particularly low cash conversion and receivables metrics, raises concerns about the sustainability of reported earnings.
- Earnings Quality Score of 30.1/100, with cash conversion and receivables both at 0.0/100, indicating potential issues with revenue recognition and cash flow sustainability.
- DSRI at 2.1820, significantly above 1, suggesting potential overstatement of receivables relative to sales.
- Beneish M-Score of -1.127, which is above the manipulation threshold, suggesting a lower likelihood of earnings manipulation.
- GMI of 0.9880, indicating a slight decrease in gross margin, which could suggest a more competitive environment rather than aggressive accounting practices.
The top shareholder, Công ty Cổ phần Tasco Holding, holds a significant 30.0% stake, which may lead to potential conflicts of interest or influence over management decisions, impacting minority shareholders.
Investors should closely monitor cash flow and receivables metrics, and consider a cautious approach given the elevated risk signals. Engaging with management to clarify revenue recognition practices may also be prudent.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
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