PMJ
TechnologyValuation Breakdown
Technology companies combine high growth potential with the risk of overvaluation. This model blends DCF (60% weight, capturing long-duration growth) with a P/E sanity check (40% weight, capping speculative excess). The DCF uses the slowest growth decay (0.05) recognizing that tech companies can sustain competitive advantages longer. The P/E component applies a dynamic ceiling: max P/E = min(growth% x 1.5, 30), preventing runaway valuations.
Valuation Track Record
Retroactive intrinsic value vs actual close price — PMJ
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2019
The Beneish M-Score of -1.97 suggests potential earnings manipulation, as it is below the threshold of -1.78. Additionally, the earnings quality metrics indicate significant concerns, particularly with cash conversion and revenue recognition.
- Beneish M-Score of -1.97 indicates potential earnings manipulation, as it is below the threshold of -1.78.
- Earnings quality score of 55.4/100 is concerning, particularly with an eq_cash_conv of only 16.3/100, indicating poor cash conversion relative to reported earnings.
- Revenue quality score of 0.0/100 signifies a complete lack of reliability in revenue recognition.
- DSRI of 1.2719 suggests a reasonable level of inventory relative to sales, which may indicate proper inventory management.
- Top institutional shareholder (Tập Đoàn Bưu Chính Viễn Thông Việt Nam) holds 51.0%, providing potential stability and oversight.
The concentrated ownership structure, with 51.0% held by a state-owned enterprise, poses risks of governance issues and potential conflicts of interest, particularly in a market with significant SOE influence.
Investors should exercise caution and conduct further due diligence, particularly focusing on cash flow statements and revenue recognition practices before considering any investment in PMJ.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PMJ — hover nodes for intel, click to navigate