PVO
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 — PVO
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2024
The Beneish M-Score of -2.0767 indicates a lower likelihood of earnings manipulation, as it is below the threshold of -1.78. However, the earnings quality score of 52.4/100, particularly the cash conversion score of 0.0/100, raises concerns about the sustainability of reported earnings.
- Earnings quality score of 52.4/100 indicates potential issues with earnings sustainability, particularly a cash conversion score of 0.0/100.
- The SGI of 1.1175 suggests that revenue growth may not be supported by actual sales, which could indicate aggressive revenue recognition practices.
- Beneish M-Score of -2.0767 is below the manipulation threshold, suggesting lower risk of earnings manipulation.
- High receivables quality score of 100.0/100 indicates effective management of receivables.
The institutional ownership is significant at 71.9%, with the largest shareholder being a state-owned enterprise (SOE), which may provide stability but could also lead to potential conflicts of interest in governance.
Investors should closely monitor cash flow performance and revenue recognition practices. A cautious approach is advised, considering the elevated risks associated with earnings quality.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
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