MGC
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 — MGC
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
MGC exhibits an elevated risk of financial manipulation as indicated by its Beneish M-Score of -2.4205, which is below the manipulation threshold of -1.78. While the earnings quality score is relatively strong at 83.7, the concerning revenue quality metric of 0.0 suggests potential issues in revenue recognition.
- Beneish M-Score of -2.4205 indicates potential earnings manipulation, significantly below the threshold of -1.78.
- Revenue quality score of 0.0/100 raises concerns about the legitimacy of reported revenues.
- Earnings Quality Score of 83.7/100 indicates overall strong earnings quality, particularly in accruals (99.6/100) and receivables (100.0/100).
The ownership structure is heavily concentrated, with Tập đoàn Công nghiệp Than - Khoáng sản Việt Nam holding 86.6%. This concentration may lead to governance risks and potential conflicts of interest, limiting minority shareholder influence.
Investors should exercise caution and conduct further due diligence, particularly regarding revenue recognition practices. Monitoring future earnings reports for consistency with cash flow will be essential.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for MGC — hover nodes for intel, click to navigate