PMS
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 — PMS
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
PMS shows a Beneish M-Score of -2.452, indicating no immediate signs of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality metrics reveal concerns, particularly in cash conversion, which is low at 30.4, suggesting potential issues in converting earnings into actual cash flow.
- Low cash conversion rate of 30.4 indicates potential liquidity issues.
- SGAI at 1.2526 suggests aggressive spending on sales and marketing, which may not translate into revenue growth.
- Strong receivables score of 100.0 indicates effective management of accounts receivable.
- Earnings Quality Score of 68.4/100 reflects overall decent earnings quality despite cash conversion concerns.
The top shareholder, Petrolimex, holds a significant 46.2% stake, which may lead to potential conflicts of interest and governance risks, especially in decision-making processes.
Investors should monitor cash flow closely and assess the sustainability of revenue growth given the aggressive marketing expenditures. Consider a cautious approach until cash conversion improves.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PMS — hover nodes for intel, click to navigate