LSG
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 — LSG
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2024
LSG exhibits a moderate risk profile with a Beneish M-Score of -0.7248, indicating no immediate signs of earnings manipulation. However, the high SGI of 3.6053 raises concerns about aggressive revenue growth that may not be sustainable.
- SGI of 3.6053 indicates aggressive revenue growth that may not be supported by cash flows.
- Earnings Quality Score of 56.2/100 suggests potential issues with earnings sustainability, particularly with an eq_cash_conv of 0.0/100.
- Beneish M-Score of -0.7248 is well below the manipulation threshold of -1.78, suggesting a lower likelihood of earnings manipulation.
- Strong receivables quality score of 100.0/100 indicates effective management of accounts receivable.
The ownership structure shows a concentration of institutional investors, which can provide stability, but the presence of individual shareholders may introduce volatility and influence on management decisions.
Investors should monitor LSG's revenue growth closely, particularly given the high SGI, and consider a deeper analysis of cash flow sustainability before making significant investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for LSG — hover nodes for intel, click to navigate