PCE
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 — PCE
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
PCE exhibits several concerning indicators of potential earnings manipulation, particularly with a Beneish M-Score of -2.2699, which is below the manipulation threshold. While the earnings quality score is relatively decent at 60.8, the low cash conversion rate (22.3) raises concerns about the sustainability of reported earnings.
- Beneish M-Score of -2.2699 indicates potential earnings manipulation, as it is below the threshold of -1.78.
- Earnings quality cash conversion score of 22.3/100 suggests significant issues in converting earnings into actual cash flow.
- Strong receivables score of 100.0/100 indicates effective management of accounts receivable.
- Institutional ownership is high at 75.0%, which may provide some level of stability and oversight.
The high concentration of ownership by Tổng Công ty Phân bón và Hóa chất Dầu khí at 75.0% raises concerns about minority shareholder rights and potential conflicts of interest.
Investors should closely monitor cash flow metrics and consider a cautious approach to investing in PCE due to the elevated risk of earnings manipulation.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PCE — hover nodes for intel, click to navigate