L62
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 — L62
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2023
L62 exhibits significant red flags indicating potential earnings manipulation, as evidenced by a Beneish M-Score of 2.2448, well above the manipulation threshold of -1.78. The company's earnings quality score of 22.3/100 further highlights concerns regarding its financial integrity and cash conversion capabilities.
- Beneish M-Score of 2.2448 indicates likely earnings manipulation.
- Earnings Quality Score of 22.3/100 suggests poor earnings quality, particularly with an eq_cash_conv of 6.2/100 and eq_receivables of 0.0/100.
- Revenue quality is strong with an eq_revenue score of 100.0/100, indicating that reported revenues are not inflated.
The concentrated ownership structure, with the top five shareholders holding over 66% of the company, raises concerns about potential governance issues and lack of minority shareholder protection.
Investors should exercise caution and conduct further due diligence before considering an investment in L62, focusing on the company's financial reporting practices and governance structures.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for L62 — hover nodes for intel, click to navigate