PHP
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 — PHP
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.9826 indicates a low likelihood of earnings manipulation, as it is well below the threshold of -1.78. However, the earnings quality score of 82.3 suggests some concerns, particularly with revenue recognition, which could pose risks in the context of Vietnam's accounting practices.
- The revenue quality score is 0.0/100, indicating potential issues with revenue recognition and suggesting that reported revenues may not be reliable.
- The earnings quality metrics are strong overall, with cash conversion and receivables both at 100.0/100, indicating good cash flow management.
With 92.6% of shares held by Tổng Công ty Hàng hải Việt Nam, there is a significant concentration of ownership, which may limit minority shareholders' influence and raise governance concerns.
Investors should closely monitor revenue recognition practices and consider the implications of high ownership concentration when evaluating investment in PHP.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PHP — hover nodes for intel, click to navigate