SBR
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 — SBR
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2017
The forensic analysis of SBR reveals significant concerns regarding earnings quality and potential financial manipulation. With a Beneish M-Score of -2.0687, well below the manipulation threshold, and an earnings quality score of only 6.3/100, the company exhibits alarming signs of financial distress.
- Beneish M-Score of -2.0687 indicates a high likelihood of earnings manipulation, significantly below the threshold of -1.78.
- Earnings Quality Score of 6.3/100, with cash conversion at 0.0/100, suggests severe issues in cash flow management.
- Significant reliance on receivables with an accrual score of only 6.0/100, indicating potential overstatement of revenue.
- DSRI of 0.1411 indicates a potential decrease in inventory relative to sales, which may suggest improved inventory management.
The overwhelming ownership by Ủy Ban Nhân Dân Tỉnh Bình Phước at 97.4% presents a risk of governance issues and lack of accountability, limiting minority shareholder influence.
Investors should exercise caution and consider avoiding SBR until clearer signs of financial stability and improved earnings quality are evident. A thorough review of management practices and financial disclosures is essential.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for SBR — hover nodes for intel, click to navigate