PXS
ConstructionValuation Breakdown
Construction and industrial firms have characteristics of both cyclical businesses (lumpy project-based revenue) and growth companies (expanding order books). This model blends two approaches 50/50: EV/EBITDA valuation (captures current earning power relative to peers) and FCF-based DCF (captures future cash generation potential). If EV/EBITDA produces a negative value (debt exceeds enterprise value), only DCF is used.
Valuation Track Record
Retroactive intrinsic value vs actual close price — PXS
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
PXS exhibits several concerning indicators of potential earnings manipulation, particularly highlighted by a Beneish M-Score of -1.5649, which is close to the manipulation threshold. The earnings quality score of 39.9/100, driven by poor cash conversion and margin metrics, raises further concerns about the sustainability of reported earnings.
- Beneish M-Score of -1.5649, indicating potential earnings manipulation as it is above the threshold of -1.78.
- Earnings Quality Score of 39.9/100, particularly low cash conversion score of 0.0/100, suggesting reliance on accruals rather than cash flows.
- Top shareholder, Tổng Công ty Cổ phần Xây lắp Dầu khí Việt Nam, holds a significant 51.0% stake, indicating strong institutional backing.
The high concentration of ownership among a few institutional investors may lead to governance risks, as decisions may favor the interests of major shareholders over minority ones.
Investors should approach PXS with caution, closely monitoring future earnings reports and cash flow statements for signs of improvement. Consider waiting for clearer indicators of operational stability before making investment decisions.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for PXS — hover nodes for intel, click to navigate