MTA
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 — MTA
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -4.919 indicates a low likelihood of earnings manipulation, which is a positive signal. However, the earnings quality score of 48.4/100, particularly the zero scores in accruals and margins, raises concerns about the sustainability of earnings.
- Earnings Quality Score of 48.4/100 indicates potential issues with earnings sustainability, particularly with eq_accrual at 0.0/100 and eq_margin at 0.0/100.
- High concentration of ownership with 97.4% held by Ủy Ban Nhân Dân Tỉnh Hà Tĩnh raises governance concerns and potential lack of minority shareholder protections.
- Beneish M-Score of -4.919 suggests a low likelihood of earnings manipulation.
- Strong cash conversion metric (eq_cash_conv at 100.0/100) indicates effective cash management.
The overwhelming majority ownership by a single entity (Ủy Ban Nhân Dân Tỉnh Hà Tĩnh) poses significant risks regarding governance and decision-making, potentially sidelining minority shareholders.
Investors should closely monitor earnings quality metrics and consider diversifying their portfolio to mitigate risks associated with high ownership concentration and low earnings sustainability.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for MTA — hover nodes for intel, click to navigate