PCM
ConstructionValuation Breakdown
Construction and industrial firms have characteristics of both cyclical businesses (lumpy project-based revenue) and growth companies (expanding order books). This model blends two approaches 50/50: EV/EBITDA valuation (captures current earning power relative to peers) and FCF-based DCF (captures future cash generation potential). If EV/EBITDA produces a negative value (debt exceeds enterprise value), only DCF is used.
Valuation Track Record
Retroactive intrinsic value vs actual close price — PCM
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
The Beneish M-Score of -4.7298 indicates a low likelihood of earnings manipulation, as it is well below the manipulation threshold of -1.78. However, the earnings quality score of 36.2/100, particularly the low scores in revenue and margin quality, raises concerns about the sustainability of reported earnings.
- Earnings Quality Score of 36.2/100 indicates significant issues with earnings sustainability, particularly with revenue and margin quality both at 0.0/100.
- SGAI of 1.8530 suggests aggressive spending on sales and marketing, which may not translate to revenue growth.
- Beneish M-Score of -4.7298 suggests a low likelihood of earnings manipulation.
- Receivables quality score of 100.0/100 indicates strong management of receivables.
The top shareholder, Cao Thanh Trường, holds 50.0% of the shares, which poses a significant risk of concentrated control and potential conflicts of interest affecting minority shareholders.
Investors should closely monitor the company's earnings quality metrics and consider a thorough review of cash flow statements before making investment decisions. Engaging with management regarding their growth strategy and spending efficiency may provide further insights.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PCM — hover nodes for intel, click to navigate