PNJ
ConsumerValuation Breakdown
A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.
Valuation Track Record
Retroactive intrinsic value vs actual close price — PNJ
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
PNJ exhibits a Beneish M-Score of -2.5968, indicating a low likelihood of earnings manipulation, as it is well below the threshold of -1.78. However, the earnings quality score of 42.9/100, particularly low cash conversion (0.8/100) and revenue quality (0.0/100), raises concerns about the sustainability of reported earnings.
- Earnings quality score of 42.9/100 indicates potential issues with earnings sustainability.
- Cash conversion rate at 0.8/100 suggests significant challenges in converting earnings into actual cash flows.
- Beneish M-Score of -2.5968 is well below the manipulation threshold, indicating a lower risk of earnings manipulation.
- High receivables quality score of 100.0/100 suggests effective management of accounts receivable.
The ownership structure shows a significant presence of institutional investors, which can provide stability; however, the largest shareholders hold only 6% each, indicating a lack of concentrated control that may lead to governance challenges.
Monitor cash flow performance closely, particularly given the low cash conversion rate. Consider diversifying investments or engaging with management to understand strategies for improving earnings quality.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PNJ — hover nodes for intel, click to navigate