QNC
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 — QNC
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
QNC's Beneish M-Score of -2.0057 suggests a lower likelihood of earnings manipulation; however, the Earnings Quality Score of 39.5 indicates significant concerns regarding cash conversion and revenue quality. The company's ownership structure is concentrated, which may pose governance risks.
- Earnings Quality Score of 39.5/100, indicating poor cash conversion and revenue quality.
- High SGI of 1.1825 suggests aggressive growth that may not be supported by cash flows.
- Beneish M-Score of -2.0057 is below the manipulation threshold of -1.78, indicating a lower likelihood of financial statement manipulation.
- Strong receivables quality score of 100.0/100 suggests effective management of accounts receivable.
The top shareholder, Tô Ngọc Hoàng, holds 38.0% of the company, indicating a high concentration of ownership which may lead to potential governance issues and conflicts of interest.
Investors should closely monitor cash flow performance and revenue quality metrics, and consider diversifying their holdings to mitigate risks associated with ownership concentration.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for QNC — hover nodes for intel, click to navigate