NWT
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 — NWT
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
NWT's Beneish M-Score of -2.3761 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the high DSRI of 1.4578 and low earnings quality metrics, particularly in revenue and margin, suggest potential concerns regarding revenue recognition and operational efficiency.
- DSRI of 1.4578 indicates significant growth in receivables relative to sales, which may suggest aggressive revenue recognition practices.
- Earnings quality margin score of 26.2/100 is notably low, indicating potential issues with profitability and operational efficiency.
- Earnings Quality Score of 78.6/100, with perfect cash conversion and receivables metrics, indicates strong cash flow management.
- Beneish M-Score of -2.3761 suggests a lower likelihood of earnings manipulation compared to the threshold.
The overwhelming ownership by Tổng Công ty Vận Tải Hà Nội (94.3%) poses a significant risk of governance issues, as minority shareholders have little influence over corporate decisions.
Investors should closely monitor revenue recognition practices and operational efficiency metrics. Consider a cautious approach to investment until clearer indicators of sustainable profitability emerge.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
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