ICF
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 — ICF
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2024
The Beneish M-Score of -1.6671 indicates a lower likelihood of earnings manipulation, as it is above the threshold of -1.78. However, the high DSRI of 1.9056 and poor receivables and margin scores in the earnings quality assessment raise concerns about revenue recognition and operational efficiency.
- DSRI of 1.9056 suggests significant increases in receivables relative to sales, indicating potential revenue recognition issues.
- Earnings Quality Score of 59.7/100 is moderate, with particularly low scores in receivables (0.0/100) and margin (0.0/100), signaling concerns about revenue quality and profitability.
- Beneish M-Score of -1.6671 is above the manipulation threshold, suggesting a lower risk of earnings manipulation.
- High accrual score of 98.0/100 and cash conversion score of 100.0/100 indicate strong cash flow management and effective accrual accounting.
The ownership structure is concentrated among a few individuals, with the top five shareholders holding a combined 53.2%. This concentration may lead to governance risks and potential conflicts of interest.
Investors should closely monitor revenue recognition practices and operational efficiency metrics. Conduct further due diligence on management's track record and consider diversifying holdings to mitigate ownership concentration risks.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for ICF — hover nodes for intel, click to navigate