PNG
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 — PNG
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
The Beneish M-Score of -2.1361 indicates a low likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the Earnings Quality Score of 80.5/100 shows potential concerns, particularly with a revenue quality score of 0.0/100, suggesting issues with revenue recognition.
- Revenue quality score of 0.0/100 indicates significant concerns with revenue recognition practices.
- The SGI of 0.9571 suggests a decline in sales growth, which could indicate weakening demand.
- Strong earnings quality score of 80.5/100, particularly in accruals (97.7/100) and margins (100.0/100), indicating robust operational performance.
The concentrated ownership structure with three institutions holding over 78% of shares may lead to governance risks, as decisions may prioritize institutional interests over minority shareholders.
Investors should closely monitor revenue recognition practices and consider the implications of ownership concentration on governance. A cautious approach is advised until clearer revenue trends emerge.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PNG — hover nodes for intel, click to navigate