NHH
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 — NHH
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
NHH exhibits a Beneish M-Score of -2.4681, indicating a low likelihood of earnings manipulation. However, the earnings quality score is strong at 85.5/100, suggesting solid operational performance despite some areas of concern.
- The SGI of 1.1022 indicates a growth rate that exceeds sales growth, which may raise concerns about sustainability.
- The eq_revenue score of 0.0/100 suggests potential issues with revenue recognition or reporting practices.
- Earnings Quality Score of 85.5/100 reflects strong cash conversion and receivables management, indicating operational efficiency.
- The DSRI of 0.8068 signals that inventory levels are well-managed relative to sales, reducing the risk of overstocking.
The high concentration of ownership, with 70.9% held by Công ty Cổ phần Nhựa An Phát Xanh, may lead to governance risks and potential conflicts of interest, limiting minority shareholder influence.
Monitor revenue recognition practices closely due to the low eq_revenue score, and consider engaging with management regarding growth sustainability strategies given the elevated SGI.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for NHH — hover nodes for intel, click to navigate