PMB
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 — PMB
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -1.6483 indicates a low likelihood of earnings manipulation, as it is above the threshold of -1.78. However, the high DSRI of 2.1604 and low AQI of 0.4122 raise concerns about the sustainability of revenue and potential overstatement of assets.
- DSRI of 2.1604 suggests significant increases in receivables relative to revenue, indicating potential revenue recognition issues.
- Low AQI of 0.4122 indicates poor earnings quality, particularly in margin and revenue metrics, which could signal unsustainable earnings.
- Earnings Quality Score of 77.3/100 reflects relatively strong cash conversion and receivables management, suggesting operational efficiency.
- Institutional ownership at 75.0% indicates strong backing from significant stakeholders, which may provide stability.
The high concentration of ownership by institutional investors (75.0%) could lead to governance risks, as minority shareholders may have limited influence over corporate decisions.
Investors should closely monitor revenue recognition practices and the sustainability of earnings, while considering a cautious approach given the elevated risk signals.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
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