NAV
ConstructionValuation Breakdown
Construction and industrial firms have characteristics of both cyclical businesses (lumpy project-based revenue) and growth companies (expanding order books). This model blends two approaches 50/50: EV/EBITDA valuation (captures current earning power relative to peers) and FCF-based DCF (captures future cash generation potential). If EV/EBITDA produces a negative value (debt exceeds enterprise value), only DCF is used.
Valuation Track Record
Retroactive intrinsic value vs actual close price — NAV
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.981 indicates that NAV is not likely engaging in earnings manipulation, as it falls well below the threshold of -1.78. However, the Earnings Quality Score of 72.1 suggests some concerns, particularly with revenue recognition, which scored 0.0, indicating potential issues in revenue reporting.
- Revenue quality score of 0.0 indicates significant concerns regarding revenue recognition practices.
- GMI of 1.3436 suggests increasing gross margin pressure, which could indicate potential future earnings challenges.
- Strong cash conversion score of 100.0 indicates effective cash flow management.
- Low DSRI of 0.4858 suggests that inventory levels are well managed relative to sales, which is a positive operational indicator.
The ownership structure is concentrated, with the top five shareholders holding 101.3% of the shares, indicating a potential risk of governance issues and lack of minority shareholder protection.
Investors should closely monitor revenue recognition practices and consider the implications of concentrated ownership on corporate governance. A thorough review of financial statements and operational performance is recommended before making investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for NAV — hover nodes for intel, click to navigate