SD2
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 — SD2
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
SD2 exhibits several concerning indicators of potential earnings manipulation, as evidenced by its Beneish M-Score of -3.6405, which significantly exceeds the manipulation threshold of -1.78. Additionally, the low earnings quality score of 34.6/100, particularly the zero scores in receivables, margin, and revenue metrics, raises further concerns about the reliability of reported earnings.
- Beneish M-Score of -3.6405 indicates a high likelihood of earnings manipulation.
- Earnings Quality Score of 34.6/100, with zero scores in receivables, margin, and revenue metrics, suggests poor earnings quality.
- Cash conversion rate of 100.0/100 indicates strong cash flow relative to earnings.
The ownership structure is heavily concentrated, with Tổng Công ty Sông Đà holding 40.8%, which may lead to governance risks and potential conflicts of interest, particularly in a state-owned enterprise context.
Investors should proceed with caution, closely monitoring future earnings reports and cash flow statements. It may be prudent to consider divesting or reducing exposure until clearer signals of financial stability and integrity emerge.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for SD2 — hover nodes for intel, click to navigate