NBC
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 — NBC
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
NBC exhibits a low risk of earnings manipulation as indicated by a Beneish M-Score of -2.9789, well below the manipulation threshold of -1.78. The earnings quality score of 80.1/100 further supports the reliability of its financial reporting.
- The Beneish M-Score of -2.9789 indicates a low likelihood of earnings manipulation.
- Earnings Quality Score of 80.1/100 suggests strong overall earnings quality, particularly with a perfect cash conversion rate of 100.0/100.
The ownership structure is heavily concentrated, with Tập đoàn Công nghiệp Than - Khoáng sản Việt Nam holding 65.0%. This concentration could pose risks related to governance and decision-making transparency.
Investors should monitor the company's performance closely but can consider it a stable investment given its strong earnings quality metrics and low manipulation risk.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for NBC — hover nodes for intel, click to navigate