PTC
ConstructionValuation Breakdown
Construction and industrial firms have characteristics of both cyclical businesses (lumpy project-based revenue) and growth companies (expanding order books). This model blends two approaches 50/50: EV/EBITDA valuation (captures current earning power relative to peers) and FCF-based DCF (captures future cash generation potential). If EV/EBITDA produces a negative value (debt exceeds enterprise value), only DCF is used.
Valuation Track Record
Retroactive intrinsic value vs actual close price — PTC
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
PTC exhibits several red flags indicating potential financial manipulation, particularly with a Beneish M-Score of 0.1161, which is above the manipulation threshold of -1.78. The earnings quality score of 43.5/100, combined with high DSRI and low cash conversion metrics, raises concerns about the sustainability of reported earnings.
- Beneish M-Score of 0.1161 indicates potential earnings manipulation as it exceeds the threshold of -1.78.
- DSRI of 2.7071 suggests significant growth in receivables relative to sales, which may indicate aggressive revenue recognition.
- Earnings Quality Score of 43.5/100, particularly low cash conversion score of 24.9/100, raises concerns about the quality of earnings.
- Receivables quality score of 100.0/100 indicates strong management of receivables.
- SGAI of 0.9445 suggests controlled selling, general, and administrative expenses relative to sales.
The ownership structure is concentrated, with the largest shareholder holding 35.6%, which may lead to governance risks and potential conflicts of interest.
Investors should conduct further due diligence, particularly on cash flow and revenue recognition practices, before considering an investment in PTC.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PTC — hover nodes for intel, click to navigate