KKC
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 — KKC
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2017
KKC exhibits significant red flags indicating potential earnings manipulation, as evidenced by a Beneish M-Score of 3.526, well above the threshold of -1.78. The company's earnings quality score of 25.3/100, particularly low cash conversion and receivables metrics, further raises concerns about the reliability of reported earnings.
- Beneish M-Score of 3.526 indicates likely earnings manipulation.
- Earnings Quality Score of 25.3/100 suggests poor earnings reliability.
- Receivables metric at 0.0/100 indicates potential issues with revenue recognition.
- SGI of 0.6274 suggests a decrease in sales growth, which may indicate a conservative approach to revenue recognition.
- Institutional ownership at 85.7% may provide some stability and oversight.
The high concentration of ownership by T&d Group at 85.7% poses risks of potential conflicts of interest and lack of minority shareholder protection, common in Vietnamese SOEs.
Investors should exercise caution and conduct further due diligence before considering an investment in KKC, particularly focusing on the company's cash flow and revenue recognition practices.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for KKC — hover nodes for intel, click to navigate