PVL
Real EstateValuation Breakdown
Real estate developers in Vietnam report land banks at historical acquisition cost (Vietnamese Accounting Standards don't allow revaluation). This means book value severely understates true asset value. This model blends two approaches: an RNAV proxy (revalued net asset value, applying a 1.5x factor to book value) weighted 40%, and a DCF on normalized cash flows weighted 60%. Highly leveraged firms receive a +2% WACC penalty.
Valuation Track Record
Retroactive intrinsic value vs actual close price — PVL
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
PVL exhibits significant red flags indicating potential earnings manipulation, as evidenced by a Beneish M-Score of 13.1752, well above the manipulation threshold of -1.78. The earnings quality score of 54.3/100, particularly low scores in revenue and margin quality, further raise concerns about the sustainability of reported earnings.
- Beneish M-Score of 13.1752 indicates a high likelihood of earnings manipulation.
- Earnings quality metrics show 0.0/100 in both eq_margin and eq_revenue, suggesting severe issues in revenue recognition and profit generation.
- DSRI at 0.2273 suggests that accounts receivable are not growing disproportionately compared to revenue.
- High eq_accrual score of 97.0/100 indicates strong accrual accounting practices.
The ownership structure is relatively fragmented, with the largest shareholder holding only 11.1%, which may lead to governance issues and lack of strategic direction. The presence of individual shareholders could also indicate potential conflicts of interest.
Investors should exercise caution and conduct further due diligence before considering an investment in PVL, focusing on verifying the integrity of financial statements and assessing the company's operational performance.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PVL — hover nodes for intel, click to navigate