PLX
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 — PLX
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
PLX demonstrates a Beneish M-Score of -2.115, indicating a low likelihood of earnings manipulation. However, the earnings quality metrics reveal concerns, particularly with a revenue quality score of 0.0, suggesting potential issues with revenue recognition.
- Revenue quality score of 0.0 indicates no reliability in revenue recognition, which is a significant concern.
- High state ownership at 75.9% could lead to potential conflicts of interest and reduced market discipline.
- Earnings Quality Score of 81.3/100 reflects strong overall earnings quality, particularly high cash conversion at 100.0/100.
- Beneish M-Score of -2.115 is below the manipulation threshold of -1.78, suggesting a lower risk of earnings manipulation.
The dominant state ownership at 75.9% may limit shareholder influence and raise concerns about governance and transparency, particularly in a market where SOEs often prioritize state mandates over shareholder interests.
Investors should closely monitor revenue recognition practices and consider the implications of high state ownership on governance. A cautious approach is advised, potentially waiting for improved revenue quality metrics before increasing exposure.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PLX — hover nodes for intel, click to navigate