NQB
UtilitiesValuation Breakdown
The Dividend Discount Model values a stock based on its future dividend payments, discounted to present value. The 3-stage variant captures three phases of a company's life: high growth (years 1-3), a transition period where growth declines linearly (years 4-6), and a terminal stage of stable, perpetual growth (year 7+). As John D. Rockefeller said: "The only thing that gives me pleasure is to see my dividends coming in."
Valuation Track Record
Retroactive intrinsic value vs actual close price — NQB
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2016
NQB shows signs of potential earnings manipulation with a Beneish M-Score of -2.3756, indicating a risk of financial misrepresentation. However, the earnings quality score of 57.6 suggests a reasonable level of cash conversion and accrual quality, although revenue and margin metrics are concerning.
- Beneish M-Score of -2.3756, indicating potential manipulation as it is below the threshold of -1.78.
- SGI of 1.3301 suggests aggressive revenue growth that may not be sustainable.
- Earnings quality margin and revenue scores are both at 0.0/100, indicating significant concerns about the quality of reported earnings.
- Earnings Quality Score of 57.6/100 with a cash conversion score of 100.0/100 indicates strong cash flow relative to earnings.
- Strong institutional ownership with 93.1% held by state and institutional investors, suggesting stability in governance.
The high concentration of ownership (52.1% state ownership) may lead to potential conflicts of interest and reduced accountability, but it also provides a degree of stability.
Investors should conduct further due diligence, particularly focusing on revenue recognition practices, and consider monitoring the company's financial disclosures closely for any signs of manipulation.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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