IRC
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 — IRC
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2019
IRC exhibits several concerning indicators suggesting potential earnings manipulation, particularly with a Beneish M-Score of -2.215, which is below the manipulation threshold. While the earnings quality score of 48.7 indicates some strengths, the low cash conversion rate and revenue quality raise significant red flags.
- Beneish M-Score of -2.215 indicates potential earnings manipulation, as it is below the threshold of -1.78.
- Earnings Quality Score of 48.7 reveals weak cash conversion (0.0/100) and revenue quality (0.0/100), suggesting potential issues in revenue recognition and cash flow.
- High SGI of 1.3046 indicates aggressive growth that may not be supported by actual cash flows.
- Strong receivables quality score of 100.0/100 suggests effective management of accounts receivable.
- Low DSRI of 0.3880 indicates that inventory levels are well managed relative to sales, which is a positive sign.
The ownership structure is heavily concentrated, with Tổng Công ty Công Nghiệp Thực Phẩm Đồng Nai holding 65.8%, which may limit minority shareholder influence and increase risks of decisions favoring majority shareholders.
Investors should exercise caution and conduct further due diligence, particularly regarding cash flow management and revenue recognition practices, before considering any investment in IRC.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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> mapping common ownership for IRC — hover nodes for intel, click to navigate