NCS
ConsumerValuation Breakdown
A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.
Valuation Track Record
Retroactive intrinsic value vs actual close price — NCS
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
NCS exhibits a Beneish M-Score of -2.7964, indicating a lower likelihood of earnings manipulation. However, the SGI of 1.1949 suggests aggressive growth that may not be sustainable, raising concerns about future performance.
- SGI of 1.1949 indicates aggressive growth which could lead to unsustainable practices.
- Low eq_revenue score of 45.6/100 raises concerns about the quality of revenue recognition.
- Earnings Quality Score of 83.9/100 reflects strong overall earnings quality.
- High cash conversion (100.0/100) and receivables quality (100.0/100) indicate effective cash management.
The ownership structure is heavily concentrated, with 60.2% held by a state-owned enterprise, which may lead to potential conflicts of interest and governance issues.
Investors should monitor the company's growth strategy closely and assess the sustainability of its revenue streams. Consider diversifying investments 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 NCS — hover nodes for intel, click to navigate