PSW
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 — PSW
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
PSW exhibits several concerning indicators of potential earnings manipulation, as evidenced by its Beneish M-Score of -2.3576, which is below the manipulation threshold of -1.78. The earnings quality score of 41.4/100, particularly the zero scores in cash conversion and revenue metrics, raises further concerns about the sustainability of reported earnings.
- Beneish M-Score of -2.3576 indicates potential earnings manipulation, significantly below the threshold of -1.78.
- Earnings quality score of 41.4/100, with 0.0/100 in cash conversion and revenue metrics, suggests poor earnings quality and potential overstatement of revenues.
- DSRI of 0.8816 indicates that accounts receivable are growing slower than sales, which can be a positive signal for revenue recognition.
- Top institutional shareholder, Tổng Công ty Phân bón và Hóa chất Dầu khí, holds 75.0% of shares, indicating strong backing and potential stability.
The high concentration of ownership with 75.0% held by a single institution may pose risks related to governance and minority shareholder rights, potentially limiting independent oversight.
Investors should exercise caution and conduct further due diligence, particularly focusing on cash flow and revenue recognition practices, before making investment decisions regarding PSW.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PSW — hover nodes for intel, click to navigate