PVB
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 — PVB
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of 0.3601 significantly exceeds the manipulation threshold of -1.78, indicating a high likelihood of earnings manipulation. Additionally, the low Earnings Quality Score of 28.3/100, particularly the poor cash conversion and margin metrics, raises substantial concerns about the reliability of reported earnings.
- Beneish M-Score of 0.3601 indicates potential earnings manipulation, well above the threshold of -1.78.
- Earnings Quality Score of 28.3/100, with an eq_cash_conv of 0.0/100, suggests severe issues in cash flow relative to earnings.
- Receivables score of 100.0/100 indicates strong management of accounts receivable, which may suggest effective collection practices.
The ownership structure is heavily concentrated, with Tổng Công ty Khí Việt Nam holding 52.9%, which may lead to governance risks and reduced accountability for minority shareholders.
Investors should exercise caution and consider a thorough review of financial statements and cash flow reports before making investment decisions in PVB, given the high risk of earnings manipulation.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PVB — hover nodes for intel, click to navigate