RTB
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 — RTB
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
RTB exhibits a moderate risk level with a Beneish M-Score of -1.5557, indicating a lower likelihood of earnings manipulation. However, the earnings quality score of 52.9/100, particularly low receivables quality, raises concerns about revenue recognition practices.
- High DSRI of 1.6465 suggests potential issues with inventory management or sales growth not matching receivables growth.
- Extremely low receivables quality score of 0.0/100 indicates significant concerns regarding the collectability of receivables, which could affect cash flow.
- Beneish M-Score of -1.5557 is above the manipulation threshold of -1.78, suggesting a lower risk of earnings manipulation.
- Strong earnings quality score of 82.9/100 for accruals indicates that the company is managing its earnings well in terms of accrual accounting.
The overwhelming ownership by Tập đoàn Công nghiệp Cao su Việt Nam at 98.5% poses a risk of limited minority shareholder influence and potential governance issues.
Investors should closely monitor RTB's receivables and inventory management practices while considering a cautious approach due to the concentrated ownership structure.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for RTB — hover nodes for intel, click to navigate