PJS
UtilitiesValuation Breakdown
The Dividend Discount Model values a stock based on its future dividend payments, discounted to present value. The 3-stage variant captures three phases of a company's life: high growth (years 1-3), a transition period where growth declines linearly (years 4-6), and a terminal stage of stable, perpetual growth (year 7+). As John D. Rockefeller said: "The only thing that gives me pleasure is to see my dividends coming in."
Valuation Track Record
Retroactive intrinsic value vs actual close price — PJS
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
PJS exhibits several concerning indicators of potential earnings manipulation, particularly with a Beneish M-Score of -2.3311, which is below the manipulation threshold of -1.78. The earnings quality score of 57.7 suggests moderate quality, but specific components, such as the low eq_margin of 31.5, raise additional concerns.
- Beneish M-Score of -2.3311 indicates potential earnings manipulation, significantly below the threshold of -1.78.
- Earnings quality metrics show a low eq_margin of 31.5/100, suggesting potential issues with profitability.
- Receivables quality is low at 54.3/100, indicating possible revenue recognition issues.
- Cash conversion score is perfect at 100.0/100, indicating strong cash flow relative to earnings.
- The SGI of 1.0214 suggests stable sales growth, which is a positive sign in the current market context.
The ownership structure is heavily concentrated, with Tổng Công ty Cấp nước Sài Gòn holding 70.4%, which may lead to governance risks and a lack of accountability. This concentration could also impact minority shareholders' interests.
Investors should exercise caution and conduct further due diligence, particularly regarding revenue recognition and profitability metrics. Monitoring future earnings reports for improvements in margin and receivables quality is advisable.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
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> mapping common ownership for PJS — hover nodes for intel, click to navigate