HVT
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 — HVT
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2024
HVT exhibits a Beneish M-Score of -2.5719, indicating a low likelihood of earnings manipulation, as it is well below the threshold of -1.78. However, the company's earnings quality score of 70.9 suggests some areas of concern, particularly in revenue recognition and margin quality.
- Earnings Quality Score of 70.9 indicates potential issues, particularly with eq_margin at 27.7/100 and eq_revenue at 2.6/100, suggesting low profitability and revenue recognition concerns.
- SGI of 1.1527 indicates a growth rate that exceeds sales growth, which may signal aggressive revenue recognition practices.
- Beneish M-Score of -2.5719 suggests a low likelihood of earnings manipulation, indicating a potentially reliable earnings report.
- Strong receivables quality score of 100.0/100 indicates effective management of accounts receivable.
With Tập đoàn Hóa chất Việt Nam holding 68.5% of shares, there is a significant concentration of ownership, which may lead to governance risks and potential conflicts of interest.
Investors should monitor revenue recognition practices closely and consider the implications of ownership concentration on corporate governance. A cautious approach is advised, focusing on earnings quality improvements.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
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