MEL
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 — MEL
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2020
MEL exhibits a Beneish M-Score of -3.3257, indicating a low likelihood of earnings manipulation. However, the earnings quality score of 69.6 suggests some concerns, particularly with revenue recognition, which scored 0.0/100.
- Earnings quality score of 0.0/100 for revenue indicates potential issues with revenue recognition practices.
- The high concentration of ownership with Lê Thị Hương Giang holding 45.0% raises concerns about governance and decision-making transparency.
- Beneish M-Score of -3.3257 is well below the manipulation threshold of -1.78, suggesting that the company is likely not engaging in earnings manipulation.
- Strong cash conversion score of 100.0/100 indicates effective cash management and operational efficiency.
The significant ownership concentration with Lê Thị Hương Giang holding 45.0% could lead to potential conflicts of interest and reduced accountability in corporate governance.
Investors should closely monitor revenue recognition practices and consider diversifying their holdings to mitigate risks associated with ownership concentration.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for MEL — hover nodes for intel, click to navigate