PTV
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 — PTV
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
PTV exhibits significant red flags indicating potential financial manipulation, as evidenced by a Beneish M-Score of -0.5021, which is above the manipulation threshold of -1.78. Additionally, the earnings quality score of 12.0/100 reflects severe deficiencies in earnings quality metrics, particularly in accruals and revenue recognition.
- DSRI of 4.1496 indicates a significant increase in receivables relative to sales, suggesting potential revenue recognition issues.
- SGAI of 6.4631 shows excessive growth in selling, general, and administrative expenses, which may indicate inflated expenses or mismanagement.
- Earnings Quality Score of 12.0/100, with 0.0 in eq_accrual and eq_receivables, highlights severe concerns regarding the reliability of reported earnings.
- The presence of institutional investors such as Tổng Công ty Dầu Việt Nam holding 29.0% may provide some level of oversight and governance.
- The company has a diverse ownership structure with multiple institutional stakeholders, which could potentially mitigate risks associated with individual ownership.
The concentration of ownership among a few institutional investors poses a risk of collusion or lack of accountability, particularly in a market where state-owned enterprises (SOEs) may influence operations.
Investors should exercise caution and conduct further due diligence before considering an investment in PTV, focusing on governance practices and potential corrective measures for financial reporting.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PTV — hover nodes for intel, click to navigate