PVR
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 — PVR
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2021
The Beneish M-Score of 10.5293 significantly exceeds the manipulation threshold of -1.78, indicating a high likelihood of earnings manipulation. Coupled with an Earnings Quality Score of 52.3/100, which reflects poor cash conversion and margin metrics, PVR presents substantial financial integrity risks.
- Beneish M-Score of 10.5293 indicates likely earnings manipulation.
- Earnings Quality Score of 52.3/100, with cash conversion at 0.0/100 and margin at 0.0/100, suggests severe issues in earnings sustainability.
- DSRI of 0.0572 indicates low risk of inventory manipulation.
- Receivables quality score of 100.0/100 suggests strong collection practices.
The top shareholder, Trần Thị Thắm, holds a significant 24.1% stake, which may lead to concentrated control and potential conflicts of interest. The presence of institutional investors is limited, raising concerns about governance and oversight.
Investors should exercise caution and consider avoiding PVR due to high risk indicators. A thorough review of financial statements and governance practices is advised before any investment decision.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PVR — hover nodes for intel, click to navigate