PHN
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 — PHN
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2015
PHN exhibits a Beneish M-Score of -2.8332, indicating a low likelihood of earnings manipulation. However, the earnings quality metrics reveal significant concerns, particularly in receivables management, which could pose risks to cash flow stability.
- The receivables quality score is only 20.0/100, indicating potential issues in collecting receivables, which could affect liquidity.
- The SGI of 0.9414 suggests that revenue growth is slowing, which may raise concerns about future profitability.
- The earnings quality score of 77.7/100, particularly the cash conversion score of 100.0/100, indicates strong cash flow generation relative to earnings.
- A Beneish M-Score below the manipulation threshold suggests that the company is not currently engaging in aggressive accounting practices.
With Gp Batteries International Limited holding 49.0% of shares, there is a significant concentration of ownership, which may lead to governance risks and potential conflicts of interest.
Investors should closely monitor the company's receivables management and revenue growth trends. Consider a cautious approach to investment until improvements in these areas are observed.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PHN — hover nodes for intel, click to navigate