IDV
Real EstateValuation Breakdown
Real estate developers in Vietnam report land banks at historical acquisition cost (Vietnamese Accounting Standards don't allow revaluation). This means book value severely understates true asset value. This model blends two approaches: an RNAV proxy (revalued net asset value, applying a 1.5x factor to book value) weighted 40%, and a DCF on normalized cash flows weighted 60%. Highly leveraged firms receive a +2% WACC penalty.
Valuation Track Record
Retroactive intrinsic value vs actual close price — IDV
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.5916 indicates a low likelihood of earnings manipulation, as it is well below the threshold of -1.78. However, the SGI of 1.5423 suggests aggressive growth that may not be supported by underlying fundamentals, raising concerns about sustainability.
- SGI of 1.5423 indicates aggressive growth that may not be sustainable.
- EQ Revenue score of 0.0/100 raises concerns about revenue recognition practices.
- Earnings Quality Score of 72.2/100 reflects relatively strong earnings quality.
- Cash conversion metrics are strong with an eq_cash_conv score of 100.0/100.
The top shareholders include a significant institutional investor (18.0%), which may provide some stability, but the presence of multiple individual shareholders could lead to potential conflicts of interest.
Investors should monitor growth metrics closely and assess the sustainability of revenue streams, while considering the strong cash conversion as a positive indicator.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for IDV — hover nodes for intel, click to navigate