S55
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 — S55
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
S55 exhibits several concerning indicators suggesting potential earnings manipulation, particularly with a Beneish M-Score of -1.4069, which is above the manipulation threshold of -1.78. The earnings quality score of 54.5/100 also indicates weaknesses in revenue recognition and cash conversion, raising further concerns about the sustainability of reported earnings.
- DSRI of 2.7057 indicates significant growth in receivables relative to sales, suggesting potential revenue recognition issues.
- AQI of 1.1228, while not excessively high, indicates some level of accruals that may not be supported by cash flows.
- eq_receivables score of 37.9/100 highlights poor management of receivables, which could lead to future cash flow problems.
- SGI of 0.6249 suggests that sales growth is slowing, which may indicate a more sustainable growth trajectory moving forward.
- The institution's ownership by Công ty Cổ phần Anza at 75.0% indicates a strong commitment from a major stakeholder, which could provide stability.
The high concentration of ownership by Công ty Cổ phần Anza (75.0%) poses a risk of governance issues, as minority shareholders may have limited influence over corporate decisions. However, institutional ownership can also imply a level of oversight.
Investors should closely monitor S55's earnings quality and cash flow metrics, particularly focusing on receivables management. It may be prudent to adopt a cautious approach, potentially waiting for improved transparency and earnings sustainability before making significant investments.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
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