QNU
ConsumerValuation Breakdown
A classic Discounted Cash Flow model built on Free Cash Flow (FCF), the actual cash a business generates after all operating expenses and capital expenditures. Future FCF is projected for 10 years with gradually decaying growth, then discounted back to today's value using WACC. This is the gold standard of intrinsic valuation: it values the company based on what it can actually deliver to shareholders, independent of market sentiment.
Valuation Track Record
Retroactive intrinsic value vs actual close price — QNU
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2019
The Beneish M-Score of -2.0187 indicates a lower likelihood of earnings manipulation, but several components raise concerns about earnings quality. The earnings quality score of 57.5 suggests moderate issues, particularly in cash conversion, which is at 0.0, signaling potential liquidity risks.
- DSRI at 1.5784 indicates a significant increase in receivables relative to sales, suggesting potential revenue recognition issues.
- Earnings quality cash conversion score of 0.0/100 raises concerns about the company's ability to convert earnings into actual cash flow.
- The GMI of 0.9974 is below 1, indicating a lower likelihood of financial distress.
- Top shareholder Ủy Ban Nhân Dân Tỉnh Quảng Nam holds 61.5%, providing a level of stability and potential government support.
The high concentration of ownership by the state (61.5%) may mitigate some risks associated with management practices, but it also raises concerns about potential political influence and lack of minority shareholder protections.
Investors should closely monitor cash flow performance and receivables management, while considering a cautious approach due to the elevated risk indicators. Engaging with management on their strategies to improve cash conversion and earnings quality is advisable.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for QNU — hover nodes for intel, click to navigate