NSG
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 — NSG
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2017
The Beneish M-Score of -3.283 indicates a low likelihood of earnings manipulation, as it is well below the threshold of -1.78. However, the earnings quality score of 56.6 suggests moderate concerns, particularly in receivables and revenue recognition, which could signal potential issues in revenue reporting.
- Earnings Quality Score of 56.6/100 indicates potential issues with revenue recognition, particularly with 0.0/100 in eq_receivables and eq_revenue.
- SGAI of 1.3458 suggests aggressive spending on sales and marketing, which may not be translating into revenue growth, indicating inefficiencies.
- Beneish M-Score of -3.283 suggests a low likelihood of earnings manipulation.
- Cash conversion score of 100.0/100 indicates strong cash flow generation relative to earnings.
With 45.0% of shares held by Tổng Công ty Công nghiệp Sài Gòn, there is a significant institutional presence that may provide stability. However, the high concentration of individual shareholders (totaling 68.5%) could lead to governance issues and potential conflicts of interest.
Investors should closely monitor revenue recognition practices and the company's ability to convert sales into cash. Given the elevated risk level, a cautious approach is advised, potentially waiting for clearer signals of operational efficiency before making significant investments.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for NSG — hover nodes for intel, click to navigate