ICI
ConstructionValuation Breakdown
Construction and industrial firms have characteristics of both cyclical businesses (lumpy project-based revenue) and growth companies (expanding order books). This model blends two approaches 50/50: EV/EBITDA valuation (captures current earning power relative to peers) and FCF-based DCF (captures future cash generation potential). If EV/EBITDA produces a negative value (debt exceeds enterprise value), only DCF is used.
Valuation Track Record
Retroactive intrinsic value vs actual close price — ICI
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
The Beneish M-Score of -1.7915 is slightly below the manipulation threshold, indicating potential earnings manipulation concerns. Additionally, the earnings quality score of 50.6 suggests moderate issues with cash conversion and overall earnings quality, which could raise red flags for investors.
- Beneish M-Score of -1.7915, just below the manipulation threshold of -1.78, indicating potential earnings manipulation.
- Earnings quality cash conversion score of 0.0/100, highlighting severe issues with cash flow relative to reported earnings.
- Receivables quality score of 100.0/100, indicating strong management of receivables and potential for cash collection.
The top shareholder, Tổng Công ty Cổ phần Xây dựng Công nghiệp Việt Nam, holds a significant 36.0% stake, which may lead to potential conflicts of interest and influence over corporate governance.
Investors should closely monitor cash flow metrics and consider conducting deeper due diligence on management practices, particularly regarding earnings quality and potential manipulation risks.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for ICI — hover nodes for intel, click to navigate