KTL
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 — KTL
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2017
KTL exhibits several concerning financial metrics, particularly a Beneish M-Score of -1.7752, which is close to the manipulation threshold. The earnings quality score of 33.9/100, driven by poor cash conversion and receivables metrics, raises further concerns about the reliability of reported earnings.
- Beneish M-Score of -1.7752 is just above the manipulation threshold of -1.78, indicating potential earnings manipulation.
- Earnings Quality Score of 33.9/100, with a cash conversion score of 0.0/100, suggests severe issues in converting earnings to cash.
- Receivables quality score of 27.0/100 indicates potential overstatement of revenues or collection issues.
- The gross margin score of 100.0/100 indicates strong profitability on sales, which is a positive aspect of KTL's operations.
- State ownership by Ủy Ban Nhân Dân Thành Phố Hà Nội at 66.0% may provide stability and support for the company.
The significant state ownership at 66.0% may reduce the likelihood of aggressive financial manipulation, but it also raises concerns about potential government influence on business decisions.
Investors should exercise caution and closely monitor KTL's financial disclosures and cash flow performance before making investment decisions. Consider waiting for improved earnings quality metrics and transparency.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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> mapping common ownership for KTL — hover nodes for intel, click to navigate