NVT
Real EstateValuation Breakdown
Real estate developers in Vietnam report land banks at historical acquisition cost (Vietnamese Accounting Standards don't allow revaluation). This means book value severely understates true asset value. This model blends two approaches: an RNAV proxy (revalued net asset value, applying a 1.5x factor to book value) weighted 40%, and a DCF on normalized cash flows weighted 60%. Highly leveraged firms receive a +2% WACC penalty.
Valuation Track Record
Retroactive intrinsic value vs actual close price — NVT
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
NVT exhibits a Beneish M-Score of -2.6303, indicating a low likelihood of earnings manipulation, as it is well below the threshold of -1.78. However, the SGI of 1.1378 suggests potential aggressive revenue growth that may warrant further scrutiny in the context of the Vietnamese market.
- SGI of 1.1378 indicates aggressive revenue growth, which could be unsustainable.
- Earnings Quality Score of 80.5/100, with cash conversion metrics at 100.0/100, suggests strong operational performance.
The high concentration of ownership by Công ty CP Nvt Holdings at 94.2% raises concerns about governance and minority shareholder rights, potentially limiting transparency.
Monitor revenue growth closely due to the elevated SGI and consider engaging with management regarding their growth strategies to ensure sustainability.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for NVT — hover nodes for intel, click to navigate