SD3
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 — SD3
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of -2.3271 indicates that SD3 is not likely engaging in earnings manipulation, as it is below the threshold of -1.78. However, the low earnings quality score of 40.0/100, particularly the zero scores in cash conversion and revenue quality, raises concerns about the sustainability of reported earnings.
- Earnings Quality Score of 40.0/100, with 0.0/100 in cash conversion and revenue quality, indicating potential issues in actual cash generation from reported earnings.
- SGI of 1.3475 suggests aggressive growth that may not be supported by actual operational performance.
- Beneish M-Score of -2.3271 indicates a low likelihood of earnings manipulation.
- High receivables quality score of 100.0/100 suggests strong management of receivables.
The majority ownership by Tổng Công ty Sông Đà (51.0%) indicates a concentration of control, which may lead to governance risks and potential conflicts of interest in decision-making.
Investors should closely monitor cash flow metrics and operational performance to validate the sustainability of earnings. Consider a cautious approach, given the elevated risks associated with earnings quality.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for SD3 — hover nodes for intel, click to navigate